There wasn’t time to check the creditials of the captain who would take them on their long and perilous journey across the water. Trinh’s father had bundled his family of five into a boat and embarked on a trecherous trip from Vietnam to Indonesia. A story that many others did not survive to tell.
All they carried with them was the hope of a new life, one of togetherness, possibility and safety. It was a dream they had to risk their lives for.
The family encountered pirates, ran out of food and water. They were lost at sea for nine nights after the boat’s Captain was overcome by fever.
Trinh’s father stepped in to help but as it turned out, he also wasn’t quite the man for the job. He couldn’t read a compass!
To the rescue, Trinh’s mother skillfully read the stars. And though they somewhat missed the mark of Indonesian soil they thankfully reached safe shores in Malaysia.
The family was still in tact, a Humanitarian Visa was issued and they were able to navigate further safe passage to Australia to rebuild their lives again.
At the tender age of 10, that periolous passage proved an experience to spur Trinh on.
Her disposition is one that blends magnaimous nobility with gentle humour and humility; having endured such an ordeal, she is also wired with a steely determination for success.
When the family left Vietnam they did not speak English and they hadn’t had any formal education. Based soley on her age, Trinh entered Grade 5 and recounts the challenges of learning the English language.
“To say the English language was difficult is an understatement. By Year 8 and 9 it was even more difficult.”
Even though the latter years of school proved significantly challenging she flipped adversity on its head and worked hard to integrate and develop her literacy skills.
Fast forward 15 years, and in a shock to herself and everyone else, Trinh became a school teacher!
“I wanted to repay the kindness Australia had shown me and give something back. My first teacher in Australia was such an inspiration.”
Trinh went on to build a life of meaning through teaching, marrying her husband and giving birth to three children.
She worked and saved hard before investing in real estate with an intention of building future security for her family.
She had already put together a portfolio of five properties. They were all tennanted and managed by an Agent.
But Trinh sensed that she was missing something – that she could be getting ahead faster than she was.
And so she joined Dymphna Boholt’s community to really accellerate her financial goals.
After joining Dymphna Boholt’s community Trinh was not particularly active immediately.
She found herself in the middle of supporting her aging parents whilst working and raising a family. And financially, she was comfortable enough. She knew she could be doing more, and seeing some of the results that other students were getting she finally got the push she needed to get out of her comfort zone and get active.
“I needed a push, someone to hold my hand but to also push me out of my comfort zone. I needed to be held accountable.”
When Covid cut a swathe through the country, it provided just the opportunity she needed to start making more progressive steps.
Leveraging her Self Managed Super Fund (SMSF), Trinh purchased a new regional deal in Dubbo.
Despite needing some minor renovations, it was cashflow positive to the tune of $12,500 a year and created an immediate equity uplift of $40,000.
Education proved to be the key she was looking for, and helped her throw her portfolio into over-drive.
Through training and coaching Trinh discovered she could make her existing portfolio work much, much harder.
Leveraging the wealth of knowledge held in Dymphna Boholt’s community, Trinh tapped into a builder who helped her unpack what was required to build a luxe two bedroom granny flat.
A somewhat reluctant neighbour meant the works took a bit longer – but it was worth persevering.
The initial investment of $170,000 to build the granny flat and put in a retaining wall increased the property value by over $500,000!
Trinh also banked $20,000 of extra cashflow per annum. She was really bolstering her passive income, and she was on her way to being able to dedicate more time to her family.
“I had an under performing portfolio. Dymphna’s community and coaching taught me how to maximise it.”
The granny flat from deal two was performing well. Trinh harnessed what she had learnt and applied the same game plan to another of her existing properties.
It wasn’t to be an easy ride however. The works caused a ruckus with the tennant but after some negotiating the new granny flat finally went up.
An investment of $170,000 established a new two bedroom dwelling and even left something over for landscaping.
Trinh created another $23,000 per annum to play with and the property’s equity increased by $560,000.
Things were really looking good. Applied knowledge is the name of the game.
Having maximised the exisiting opportunities in her portfolio, Trinh was feeling more confident about diversifying. A commercial site sprung which was too good of an opportunity to miss.
The advertised purchase price for the petrol station was $670,000, but know that she was able to crunch the numbers on a commerical deal, she bargained it down to just $580,000.
A couple of stumbles proved a little bit costly but were able to be ironed out.
She has already realised an equity uplift of $43,000 and added another $24,000 to her cashflow tally.
Generating a cashflow of $89,000 a year has enabled Trinh to step right back from teaching full time; she now takes some casual teaching work and volunteers as a reading support in schools.
“My mum gave up so much of her life. When we came here, the focus was very much on her children. She didn’t get a chance to learn English. I feel now she needs us and I’m able to actually provide that care and attention.”
Being present for appointments to translate for her mother also means she is on the front foot of medical care.
Trinh has invested her time and resources in many many children over the years. Generating passive income has freed her up and enabled her to honour her intention of dedicating more time to her own offspring.
Maximising her portfolio, making informed deals, generating passive income and attending to details like renegotiating interest rates means there’s even more coin to go around.
Never forgetting her roots, Trinh continues to share her good fortune with communities in Vietnam. She dedicates resources to provide greater safety and security back in her homeland; wet weather often makes traversing to school dangerous especially over the canals.
Providing roads and pathways in rural areas of the Mekong Delta enables children to get to school safely. “Their passion for learning is just amazing!”
Before she joined Dymphna, Trinh’s net worth was $1.5M. In a few short years she has transformed that into $4.6M, and nearly $90,000 a year in passive income.
Trinh arrived in Australia without any formal education and no English and yet, she has managed, with the right education, to create success and security.
Refugee, school teacher, wife, business support, mother, property investor, passive income generator, volunteer, charitable donor, carer.
What can’t Trinh achieve!
“It doesn’t matter what walk of life you are from, there’s always something to learn.”
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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.
“If I can, you can. I really believe this. You can only improve. Take action, make yourself uncomfortable. There are always people to help.”
Pre-Dymphna Properties
Value: $4,994,000
Loans: $3,421,000
Equity: $1,523,000
Cashflow: $27,000pa
Post-Dymphna Properties
Value: $7,425,000
Loans: $3,514,000
Equity: $3,911,000
Cashflow: $83,570pa