She has spent most of her 21 years working on the land and has seen first hand how back-breaking (sometimes literally) farm life can be, and how often it can leave you broken and battered at 40 with no way to support yourself. She was determined that wouldn’t happen to her.
After looking at investing in shares and precious metals she decided that real estate was for her. With no guidance, as her family wasn’t involved in investing in any way, she jumped right in and bought her first property at 18.
Not long after she came across Dymphna and recognising the value of a mentor she joined I Love Real Estate, paying for full Quantum membership herself.
So when she stumbled across the call out for The Property Games she saw it for the opportunity it was.
Moving to Brisbane she felt “like a fish out of water” and The Games constantly had her at the edge of her comfort zone. We mean, she even had to sell her ute!
Her solid country values also meant that she was shy to hit joint venture partners up for the kinds of ‘crazy’ numbers they were suggesting, like $500,000.
She decided to start small… like $28,000.
She found a cheap rural deal on Facebook that had a range of offerings. It was an area of high rental demand, it was zoned commercial and residential and it had a self-contained unit out the back.
Of course there were a few problems too. The toilet had no floor, for example.
So doing the reno’s herself – showering with the truckies at the servo at 11pm, and renting tools on a carton-of-beer-basis, Brooke spent close to $70,000 on renovations, increased the valuation of the property to $180,000, and created a $14,560 a year passive income stream.
She had her first deal.
From there she was willing to set her sights a little higher. Working with an ILRE buyer’s agent, she found a deal where she gets to do a one into six subdivision, and the original owner of the property gets to keep the original house.
With a projected sales price of $1.5m, this deal should deliver just shy of $400,000 profit to Brooke and her JV partners.
She then found another deal through a letterbox drop. This was a one into eight townhouse development, and it could deliver another $420,000 profit.
So all told, in just 9 months, on top of transitioning from the land to the big smoke, Brooke has made almost $900,000 profit for her and her JV partners, as well as taking her first steps to creating a full passive income stream.
She has also used some of that money and her new found property skills to help buy a place for her mum. Recently divorced and still with two kids in her care, Brooke’s mum was under a lot of pressure, but Brooke was stoked to be able to step in and help.
Brooke is excited by the potential that property investing can offer, and she plans to keep doing it full time. However, her heart is still with the land, and once she’s saved enough through property, she is holding on to the dream of one day owning her own cattle station.
Today, that dream is closer than ever.
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 left school at 15. I tell people that I was getting into trouble but the truth is they just wanted me to wear a dress. I was like, ‘no way!’”