Cecilia & Bunawat

How Cecilia and Bunawat Achieved Financial Freedom Through Real Estate

Cecilia and Bunawat found themselves in a financial quagmire.

With personal loans amounting to $42,000 and an annual combined income of $50,000, the future seemed bleak.

Bunawat had a lofty dream of achieving $250,000 in five years, but given their situation, it felt like a fantasy. They couldn’t even fathom reaching such a milestone.

Finding Focus

Their lives began to change when they attended an I Love Real Estate bootcamp. This was a significant turning point.

Instead of following conventional wisdom and buying an apartment in the city, they decided to purchase an older house with substantial land in Werribee, an area within their budget.

They bought their first property for $270,000. This was more than just a purchase; it was a beacon of hope.

“After attending bootcamp, instead of buying an apartment in the city, we decided to buy an older house with big land in an area that we could afford.”

Overcoming Limiting Beliefs

Cecilia and Bunawat held onto an old belief that taking loans was detrimental, so they saved for deposits instead of leveraging equity.

This belief, coupled with their perceived lack of money and experience, made them hesitant.

Nevertheless, they took a bold step and bought the next-door property for $295,000. This decision was fueled by a mix of fear and determination.

The Mindset Shift: Entering Active Real Estate Investment

The value of their properties increased significantly, a revelation that shifted their mindset dramatically.

They realised the potential of real estate investment and decided to take a more active role in their property journey, returning to their real estate education for guidance.

They purchased a property in Traralgon for $129,000 and invested $14,000 in renovations.

This project was a confidence builder, a crucial step in transforming theory into practice.

Joining Platinum and Seeing Results

Feeling motivated and seeking more personalised guidance, they joined the Platinum program. Their post-Platinum journey saw immediate success.

They sold the Traralgon property for $167,000, making a profit of $22,000. This was a significant validation of their efforts.

This success was followed by the sale of a property in Ballarat East for $325,000, netting another $21,000 in profit.

These victories were more than financial gains; they were affirmations of their newfound skills and determination.

Joint Ventures and Major Projects

With newfound confidence and knowledge, Cecilia and Bunawat ventured into joint ventures (JVs). They bought a property in Ballarat for $335,000 and sold it for $565,000, making a $22,000 profit.

Their most significant project was a duplex in Doncaster East. Purchased for $890,000, they spent $1.2 million on construction.

They sold one unit for $1.65 million, realizing an impressive profit of $920,000. This was a dream come true, a testament to their hard work and strategic planning.

Current Deals and Future Prospects

Their current deals include another JV duplex in Doncaster East, purchased for $1.3 million, with an expected profit of $550,000 in 2.5 years.

They are also working on a 1 into 3 development in Mount Albert North, bought for $2.285 million, with an expected profit of $700,000 in 1.5 years.

These projects are not just numbers; they represent the culmination of their journey from doubt to confidence.

Achieving Financial Freedom and Giving Back

Today, Cecilia and Bunawat have a net wealth of approximately $2.1 million. Bunawat has transitioned to being a full-time mortgage broker, and the couple enjoys the joy, fulfillment, and choices that financial freedom brings.

They are now in a position to help others, such as assisting Bunawat’s mother in downsizing to a more manageable property and aiding a friend in avoiding mortgagee possession.

These acts of generosity are deeply personal, reflecting their gratitude and desire to give back.

Community Impact and Personal Growth

Cecilia and Bunawat’s journey has also had a ripple effect on their community. They have helped friends and family members improve their living situations and gain financial independence.

Their success story serves as an inspiration, demonstrating that with perseverance, education, and a shift in mindset, anyone can turn their financial dreams into reality.

Final Thoughts

From being burdened by debt to achieving substantial financial success, Cecilia and Bunawat’s journey is a testament to the power of real estate investment and personal growth.

Their story highlights the importance of education, mindset shifts, and taking bold steps towards one’s goals.

Their journey not only transformed their lives but also positively impacted those around them, proving that success is not just about financial gain but also about making a difference in the community.

Cecilia and Bunawat’s story is one of resilience, learning, and unwavering belief in a better future.

It’s a story that reminds us that no matter how daunting the starting point, with determination and the right guidance, incredible transformations are possible.

“The JV we are doing will help our JV partners to live in a sought-after area where they can raise their family in a good school.”

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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.

“We’ve achieved more than we dreamed of.”

Results

PRE-ILRE

PPR
Value: $0
Equity: $0
Cashflow: $0

All Investment Properties
Value: $0
Equity: $0
Cashflow: $0

Super
Value: $10,000
Equity: $0
Cashflow: $0

Debt
Value: -$42,000
Equity: $0
Cashflow: $0

Total
Value: -$32,000
Equity: $0
Cashflow: $0


POST-ILRE

PPR
Value: $1,730,000
Equity: $459,323
Cashflow: –

Investment Property 1
Value: $518,000
Equity: $187,037
Cashflow: – $6,664 pa

Investment Property 2
Value: $507,000
Equity: $154,847
Cashflow: – $1,752 pa

Other Assets (Cash, Deposit Paid, Money invested, Shares)
Value: $1,569,028
Equity: $1,069,028
Cashflow: $0

Super
Value: $380,000
Equity: $380,000
Cashflow: $0

Total Position
Value: $4,704,028
Equity: $2,250,235
Cashflow: – $8,416 pa

In-Progress Projects
Profit Duplex – Our Share (Estimated): $264,854
Expected Profit 3 Townhouses (Estimated):  $699,253