22-year-old mortgage broker reveals plan to semi-retire in eight years

A 22-year-old trainee mortgage broker working who used to work for a well-known estate agent in Manchester has caused a stir by claiming he will semi-retire by the time he’s 30 after building up a property portfolio in his spare time.

Josh Parrott, who works for a broker in Didsbury (pictured) has already bought two buy-to-let properties and says he aims to have seven more under his belt – plus one to live in – within the next nine years.

Stockport-based Parrott started his journey into the property industry young, working while at school to save up enough money to buy his property for £115,000 by the time he was 19 years old, buying his second two years later for £140,000, and is now on the hunt for his third.

Boring

In an interview with a regional paper, Parrott takes a light-hearted pop at his mates, who he says used to call him ‘boring’ for not frittering his cash away on partying and luxury cars bought on lease agreements.

But he now as the last laugh because, while still driving a Fiesta, he has used saved-up cash to start up a property portfolio.

Parrott also worked hard when he was younger, doing shifts at an estate agency during the holidays while doing his GCSEs and now full time for them as a trainee mortgage broker.

“Working at an estate agent is a great job for young people and it doesn’t require any qualifications,” he told local media, revealing that at one point he earned £30,000 a year as an estate agent.

Read more about young stars of the industry.