Sanders

14 Properties in Six Years – Turning Dream and Drive into Millions.

Leaving his family behind in Zimbabwe to come to Australia was the hardest thing Sanders ever had to do. But it was a gamble that paid off, and Sanders has used a phenomenal run in property investing to set his family up for a life they never dreamed was possible.

Sanders flew into Sydney airport with $50 in his pocket. He sold everything he had to come to Australia, and it broke his heart to think of his wife and three children he had left behind.

However, he was doing this for his family, and he worked three jobs until he had enough money to fly them all over to join him. From that point on, he and his wife, Khumbu, worked tirelessly. As registered nurses, they worked multiple jobs at various hospitals across Sydney, often barely seeing each other between shifts.

In a few years, they had saved enough to buy their own place, and Sanders was committed to giving his kids a stable place to call home. A few years after that, they had saved enough to buy their first investment property – negatively geared and a bit of a dud in hindsight.

“I had to sell everything we had just to afford the flights. Not only did I leave my family behind, I left them with nothing.”

However, it was the beginning of a journey with real estate, and in 2013 Sanders saw Dymphna Boholt talk at a one-day event, and was immediately impressed with her down-to-earth approach to property investing.

Using the strategies on offer through ILRE, Sanders was able to begin an incredible run of deals. In six years, he has bought 14 properties, delivered almost $1 million dollars in profit, and created $60,000 a year in passive income.

Not only that, with other members of the ILRE community noticing his amazing results, Sanders was able to earn $120,000 as a buyer’s agent last year alone.

Looking back, Sanders is incredibly grateful for the opportunities he has received, and for the life that property investing has made possible.

This is how his dream became a reality.

Deal 1: New build, new beginnings

Having thrown himself into the education modules, Sanders was keen to gain experience with building and development, and his first deal was a new-build property in Western Sydney. Picking the land up for a bargain and building cheaply, Sanders was able to sell this one for a profit of $265,000 … which made the small cost of the ILRE training seem like a real bargain!

Deals 2 & 3: Off-the-plan, off the beaten track

With the confidence to invest outside of their own back yard, Sanders bought off-the-plan townhouses in Townsville and Newcastle. While this is a little outside Dymphna’s playbook, these have been solid investments and gave Sanders useful experience in assessing development potential.

“When I came to Australia I was worth $50. Today I am worth $1.5M. It’s been an amazing journey.”

Deal 4: Stack ‘em up

Sanders’ training had shown him that there was often value in stacking different strategies together, and so for his next deal Sanders bought a run-down block on a large piece of land. Doing a cosmetic renovation on the house and adding a separate downstairs flat, Sanders was able to quickly flip the property on for a profit of $143,000.

Deal 5: Falling in love

It was Sanders’ next deal that gave him a taste for what was to become his favourite investing strategy – finding large blocks in infill development areas, and adding multiple townhouses. Finding a large block on Sydney’s south coast, he purchased the property for $425,000, spent $900,000 on building three units on the site, and sold them all for $1.8 million, or a profit of $500,000.

It’s easy to see why Sanders came to love deals like this so much.

Deal 6: Accumulation phase

Sanders then bought a property for $265,000 and spent $10,000 on a quick renovation. When done he had the property valued at $400,000, delivering some very handy equity to work with.

Deal 7: Take it across the border

Sanders then decided to take his strategies to Queensland, dividing a large block in two and putting a five-bedroom house on each block. He sold one house for $875,000, and rents the other one out as a boarding house for a positive cash flow return of $24,000 a year.

“After our seventh deal, things were looking nice. My wife was able to cut back to 5 days a week.”

Deal 8: Another keeper

Sanders has another development deal in the pipeline, building a four-bedroom duplex in Albion Park, Sydney. This will deliver $250,000 in profit if he decided to sell, but since it will be positively geared to the tune of $15,000 a year, Sanders will hang on to this one.

Deals 9 & 10: Joint ventures

Members of the ILRE community were so impressed with the deals that Sanders was pulling together, that they approached him to go into joint ventures with them. Coming on board as money-partners, where they provide all of the finance, the first deal will give Sanders a 50% share in a $280,000 profit, and the second a 50% share in a $320,000 profit.

The start of a legacy

Sanders has now gone from working three jobs to working just three days a week, with plans to phase out working altogether in 2020. Sanders also knows that he and his family’s future in Australia is now secure, and they finally have the freedom to live the life they were always dreaming of.

“I like being a nurse. I’m helping other people. But the truth is I need to help myself as well… Property investing has allowed me to do that.”

These stories and the results in them were captured at a specific point in time. The real estate market and the investing strategies used to succeed are constantly changing. The achievements and results of these investors may have changed since these stories were recorded. Each of these investors engaged in in-depth training, coaching and mentoring to be able to achieve these results. Their results are not typical and should not be taken as a guarantee of the results you may achieve. Your personal results will be in-line with the training, education and hard work that you personally conduct.

“When I came to Australia I was worth $50. Today I am worth $1.5M. It’s been an amazing journey.”

POST-DYMPHNA RESULTS

Glenwoood – PPR
Value: $1,250,000 
Debt: $750,000
Equity: $500,000

Granny Flat
Value: $120,000
Debt: $100,000
Equity: $20,000
Cashflow: $12,000 pa

Gorokan
Value: $400,000
Debt: $180,000
Equity: $220,000
Cashflow: $5,700 pa

Camp Hill
Value: $875,000
Debt: $620,000
Equity: $255,000
Cashflow: $24,000 pa

Tullimbar
Value: $1,050,000 
Debt: $800,000 
Equity: $250,000 
Cashflow: $15,000 pa

Townsville
Value: $465,000 
Debt: $260,000
Equity: $205,000
Cashflow: $2,700 pa

Jordan Springs
Sold: $715,000

Jesmond
Sold: $357,000

Marks Point
Sold: $718,000

Albion Park Rail
Sold: $1,800,000

Totals
Value: $4,160,000
Debt: $2,710,000
Equity: $1,450,000
Cashflow: $60,000 pa