Cambodian refugee creates a $1.3M legacy out of nothing

At 23 years of age, Vandy found himself fleeing his beloved but wartorn country. Without a cent in his pocket, he leveraged hope and determination into prosperity and an inspiring life here in Australia.

When the city of Phnom Penh was evacuated under the threat of bombing in 1975, the city emptied. Everyone; men, women and children, the frail, aged and invalids were all herded to rural locations.

Children were separated from their families; parents and youths were sent to work away for weeks and months at a time.

Cambodia found itself in an enduring chapter of volatility, starvation and brutality.

“They went from door to door and commanded, ‘Every -one needs to leave immediately! DO NOT take any belongings with you.”

Innocent people, family by family were called upon, slain and slaughtered.

“They did not even waste a bullet, they were stripped and removed of anything of value then clubbed with the backs of rifles”.

Summoned to death, more than once, it could perhaps be said that Vandy’s longevity and destiny was predetermined. Or instead, simply a case of being an inherently ingenious child.

Cheating death, three times

Whether it was fate or smarts, or perhaps both in equal measure – he scrambled from the clutches of communist soldiers a canny three times. Vandy eventually survived to witness the unravelling of Pol Pot’s brutal reign.

When Vietnamese troops entered Cambodia, Pol Pot’s regime was overturned and the country began to recover again. It had however, been reduced to rack and ruin.

As they were trying to figure out what to do with their lives after the war, Vandy’s older brother secured a place on the first train that the new government was able to get up and running.

Vandy was 23, a husband and new father. When their son was a tender three months old, together with his (ex) wife’s family, they set out to cross the border into Thailand for refuge and the beginning of a new life.

The stakes were high

The journey proved perilous. Communist troops still patrolled border territories and many families had been executed when trying to cross.

To avoid attention and travel safely, no one could take any belongings other than the clothes they wore. They concealed themselves under the cover of darkness, sludging barefoot through fields to the sound of gunfire.

They were terrified of who and what they may encounter. But the leader they had paid to escort them fortunately came through and delivered them safely into Cardigan Camp, Thailand.

Welcome to Australia

In the refugee camp they met with Australian volunteers who helped them passage safely to Australia and get access to social support systems and networks.

But it was very difficult, as a lack of work and sporadic study efforts made it difficult for Vandy to get ahead in Adelaide.

An extended family member was doing well in a film studio in Sydney as a cartoon animator. With the hope of finding secure work, Vandy too made the move and with the endorsement of his extended family, he landed his first job in creative industries as an animation painter.

He was on his way.

“When I first came to Australia, I came without money and without an education. I couldn’t ever imagine finding my way into the real estate industry.”

Before Dymphna, The Farm

Being diligent and resourceful by nature, Vandy saved hard to secure his first property; an enterprising piece of farm land which he worked productively for 20 years.

When a family predicament reared its head forcing him to sell, the farm he’d worked well freed up $750,000.

Vandy was thinking about what to do next.

“I’m not a gambler. I have belief that if I do the right thing, I won’t lose anything.”

Enter Dymphna Boholt

Some holiday snaps of his daughter in Europe were posted to social media, she said ‘open the App so you can see my pictures’. It was on Facebook, he chanced upon Dymphna Bolholt’s Property 2020 seminar.

The content really piqued Vandy’s interest, he had always had a strong affection for real estate. He followed Dymphna’s webinars and genuinely resonated with the importance she placed on mindset.

He thought “This is where I want to be going.”

When 2020 clocked over, the Corona virus came too.

It was during lockdown that Vandy joined Dymphna Boholt’s community and dedicated himself to a new journey in education.

“I had a clear view of what I wanted. Straight away I thought I want this, I need this. I have my purpose. I wanted the regular income very badly. I wanted it yesterday.”

Deal 1: Cash flow coaching

With a head full of new knowledge Vandy quickly progressed from Dymphna’s Ultimate program to Platinum.

His coach guided him through the ins and outs of commercial property as a way to achieve his cash flow goals.

Vandy paid $583,000 cash for a commercial property which was immediately generating close to $44K per annum for him.

With these funds coming in, he managed to refinance and freeing up $377,000 to roll into the next deal.

Deal 2: Green is for GO

Within 6 months Vandy was looking to build and secure equity. He teamed up with Dymphna’s community and a developer. His mortgage broker helped them cut a deal and the consort embarked on a subdivision. Within just 5 months the blocks increased in value by 13.5%.

With just 5% down as an initial investment, and a cruisy two year settlement, these house and land packages are set to deliver Vandy a return of $186,000.

Backed by intention, new knowledge and will, Vandy was making all the right moves.

Deal 3: Duplex build

The other project on the books for 2022 is a knock down, duplex build with an equity partner. It’s a healthy looking deal with an estimated profit share return of over $105,000.

Retiring is not on the radar

In just 18 months, Vandy has increased his equity by over $260,000 and improved his cashflow by $94,000, effectively replacing his income.

Though he revels in having created financial freedom in just three years, he couldn’t bare to sit back and twiddle his thumbs.

A couple of side hustles provide decent returns too. Interacting with people as a premium Uber driver in particular brings him great joy and he will continue his investment journey with energy.

“Fortune favours the brave… and the well educated.”

Indomitable spirit

Vandy witnessed the destruction of his beloved country with his own eyes. He outwitted death when it came knocking again and again and again. A journey fraught with danger saw him traverse Cambodia, Thailand and as a young man, immigrate to Australia in 1981.

For twenty years he worked hard to establish future security for his family. When Dymphna came along, the knowledge and support turbo charged his financial dreams.

Through Dymphna Boholt’s community and commitment to action, Vandy set his mindset compass to North and pushed the boost button.

Now the future prosperity of his family has been built and secured on the sacrifices he has made, and the skills he has aquired. It’s a legacy to be proud of.

“I was fortunate to survive and create a legacy like this from nothing.”

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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.

“I was fortunate to survive and create a legacy like this from nothing.”

Post-Dymphna Results

Property: $0
Cash: $750,000
Loans: $0
Equity: $0
Cashflow: $0

Property: $1,273,116
Loans: $377,000
Equity: $947,081
Cashflow: $46,645pa