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I first met John in 2008. His first priority was to pay off the family home to be debt free… Not what I would normally suggest and recommend, but John was a focused and determined kind of guy.
His next goal was to replace his wife’s income and made a decision to go full-time into real estate.
So with those two goals in mind, he rolled up his sleeves and went to work.
John didn’t focus on cash-flow first, he knew that getting big chunks of cash was the quicker way to ultimately accelerate cash-flow.
In his first chunk deal, he made $300,000 profit and paid off the mortgage. First goal achieved.
Then he focused on cash-flow. He didn’t want 5-10% returns, he was looking for much greater yield than that.
I suggested the US, and he jumped right in.
Within a short period of time, he had $30,000 passive income coming into his Super and $30,000 passive coming directly to him.
Watch my interview with John as we go through the specifics on how he was able to do this in a 4-year period.
PLEASE NOTE: No remuneration was offered for appearing in this video and sharing their story. This is the student’s story in their own words and the timeline and details of all transactions have not been verified by Knowledge Source or Dymphna Boholt. Real estate investing is a dynamic vehicle. Cashflow and equity positions can change on a daily basis. This interview was conducted in mid-2013.