August 7, 2017 by Dymphna

[VIDEO] Starting from scratch in Australia after the NZ earthquakes, they’ve now completed four deals and built $683,000 worth of equity in just 18 months.

Ramesh and Indu Kumar left India in 2004 and settled in New Zealand. Ramesh worked entry-level jobs and drove taxis at night to make ends meet.

In 2008 they bought a Turkish restaurant, but found out that it was a tough gig for committed vegetarians!

So, come 2009 they opened an education college for Indian people in New Zealand. Business was going well, and Ramesh became the first foreign-born director of his taxi company. They were living the dream.

Then the earthquakes hit.

In 2011, powerful earthquakes rocked Christchurch, and the Kumars’ business was destroyed. There was a popular belief in India that 2012 was the end of the world, and that the ending would begin in New Zealand. Students stopped coming.

“We’ve had to start over twice. Life is full of surprises.”

Tourism also ground to a halt, which took its toll on Ramesh’s taxi income. Struggling to make ends meet, they sold up their house and business at a loss, and headed for Australia.

With no money and staying with friends, the Kumars started over. Ramesh found work as a bus driver (a step up!) and they were able to purchase a PPR in Western Sydney.

The Kumars then joined the ILRE community in 2015, and through Kevin Doodney’s Wholesale Club got behind a number of profitable inner-city developments.

Perhaps mirroring their own life experiences, the Kumars have used the knock-down and rebuild model four times now to create over $683,000 in equity… in just 18 months!