They just wanted to dig themselves out of the financial hole they were in, grow their wealth, replace their income and enjoy a lifestyle of freedom and abundance.
“Hi, everybody. I’m Leanne. I’m 66, and I have one adult son,” she shared proudly at the ILRE Super Conference.
For most of her life, Leanne felt stuck in a routine, working for local government and feeling that her dreams of financial freedom were out of reach. But Leanne had a secret weapon: her unwavering belief that it’s never too late to change.
Her son’s playful skepticism (“He thinks we’re a cult!” she joked) didn’t deter her. What fueled her was the desire for a better future, free from financial stress and filled with the independence to make her own choices.
As Leanne explored various investment opportunities, she realized property could be the key. But taking the first step? That was the challenge.
“I was looking for something to change my life. I tried share trading and currency trading, but they were just little steps. I needed something bigger,” she said.
After years of watching from the sidelines, she stumbled upon the I Love Real Estate (ILRE) community and was intrigued by Dymphna Boholt’s Facebook posts.
At first, Leanne hesitated. Years went by, and her doubts grew. But as time ticked away, she had a powerful epiphany: waiting wouldn’t change her situation.
In 2019, Leanne finally joined the Ultimate Real Estate Success Coaching and Mentoring Program and the ILRE community, stepping into a new world of learning, growth, and action.
She may have started late, but Leanne was determined to catch up. Her story is proof that age is no barrier when dreams and determination align.
Before joining the Ultimate Real Estate Success Coaching and Mentoring Program, Leanne’s first ventures into property investment were far from smooth sailing.
She’d invested in two apartments in Queensland through a marketing group, using her equity and serviceability to secure the properties.
Unfortunately, these deals quickly turned sour. “They very quickly turned negative,” Leanne explained. She learned the hard way about the importance of due diligence.
“I used all my equity in my PPR,” she recounted, referring to her principal place of residence.
Instead of growing her wealth, the properties drained her resources, with one apartment’s value plummeting from $248,000 to just $130,000. Unable to sell or refinance, she was stuck with assets that brought in negative cash flow and sinking equity.
Worse, the additional expenses like levies and sinking funds swallowed up any potential profits.
Leanne’s experience with these apartments became a turning point in her education. “I learned about doing my own due diligence. Don’t trust them,” she shared with a knowing laugh.
The ordeal taught her to dig deeper, ask more questions, and avoid relying solely on others’ recommendations.
By the time she joined the Ultimate Real Estate Success Coaching and Mentoring Program in 2019, Leanne was ready to rewrite her property investment journey.
She brought with her a keen awareness of what not to do and a determination to never fall into the same traps again. The lessons she learned in those early, painful experiences would later guide her to smarter, more informed decisions.
2019 was a pivotal year for Leanne. After six years of watching from the sidelines, she finally joined Ultimate Real Estate Success Coaching and Mentoring Program and the ILRE community.
Why now? “I’m 61,” she reflected. “If I don’t do this now, in five years’ time, I’ll be in the same place, but I’ll be five years older.”
That realization was the nudge she needed to take the plunge.
Leanne’s first step was attending a bootcamp, where she immediately felt the energy and support of the ILRE community.
“It was fantastic. I met someone there, and we decided to share accommodation at the Super Conference,” she shared.
Surrounded by like-minded individuals, Leanne began to see a path forward.
Initially, she hesitated to invest in the Platinum Coaching program, citing financial constraints. “I thought, ‘This is fantastic, but I can’t do this now. I’ll wait until I’ve done my first deal.’” But after reflecting on her limited options, Leanne made a bold decision. She knew she needed guidance and accountability to succeed. “I needed a push,” she admitted, and joining Platinum gave her just that.
Taking the leap was not just about signing up for a program; it was a declaration of commitment to her future. For Leanne, this was her moment to break free from the cycle of doubt and take charge of her destiny.
“I wasn’t going to stay stuck forever,” she declared. And she didn’t.
Once in the Platinum program, Leanne dove headfirst into learning. The first boot camp was an eye-opener, filled with practical lessons and invaluable networking opportunities.
But what stood out most to her was the unwavering support of the ILRE community.
“I spoke to a Platinum advisor and thought, ‘This is fantastic,’” Leanne recalled. The structured guidance helped her feel less overwhelmed and more equipped to tackle her challenges.
Despite initial doubts about her lack of funds and experience, Leanne embraced the educational journey with enthusiasm.
Her first major takeaway was the importance of mindset. Leanne realized that fear and hesitation had held her back for years.
Through workshops and coaching sessions, she began to see herself not just as someone trying to invest, but as an investor. The distinction was subtle yet transformative.
She also formed close bonds with others in the program, who inspired and motivated her.
“The people around me were commenting on the changes in me. It was just amazing,” she said. This newfound sense of belonging was key to building her confidence.
With her knowledge growing and her mindset shifting, Leanne felt ready to take on her first project.
The road ahead wasn’t easy, but she now had the tools and support to succeed.
Leanne was officially in the game, and there was no turning back.
Leanne’s first house-flipping project was a bold leap into the unknown.
“The market in Perth was getting a bit crazy,” she shared.
Desperate to take action, she bought an “as is” property within her price range. The house was far from livable, but it represented her first real chance to turn things around.
Determined to make it work, Leanne rolled up her sleeves and got to work—literally.
“I spent a lot of time staying there with my bedroll, bringing it out at night and only going home when I had to go to work the next morning,” she recounted.
The property had major electrical issues, and the process was far from glamorous. At one point, Leanne attempted to pull down a ceiling, only to find herself stuck in the room with debris everywhere.
Despite these challenges, she transformed the house into a beautiful, sellable property.
The highlight came when she sold it for a profit of $55,000.
“It was just so exciting,” Leanne said, beaming with pride.
This first success gave her not only the financial boost she needed but also the confidence to keep going.
“It felt amazing to move forward,” she reflected.
The experience cemented her belief that taking action, no matter how daunting, was the key to achieving her goals.
With one successful flip under her belt, Leanne’s journey was just beginning.
Leanne’s second flip was a testament to her growing confidence and skill. The property had its quirks, including a bright orange fireplace that one of her workers jokingly decorated with teeth.
“When I walked in, I just fell in love with it,” she admitted, proving that her intuition was sharpening with experience.
This time, Leanne’s process was more streamlined. She had learned from her first project and approached this flip with a clearer strategy.
The property required significant renovations, but Leanne’s determination didn’t waver. She worked closely with her team, even embracing the chaos of unexpected demolitions.
When the dust settled, Leanne sold the property for a profit of $61,000.
“It was so exciting!” she said.
More than the financial gain, this project reinforced her identity as a house flipper.
“It’s scary and exciting and stressful and fun,” she told her peers.
With two successful flips completed, Leanne’s confidence soared. She was no longer the hesitant newcomer from 2019. Instead, she was a skilled investor, ready to tackle bigger and more challenging projects.
Each success built upon the last, propelling her closer to her ultimate goals.
For years, Leanne’s principal place of residence (PPR) had been both her home and her anchor. However, she realized that selling it could be the key to unlocking new opportunities.
“I’d had it for 19 years,” she shared. When the time came, Leanne tackled the renovation with the same drive and focus she brought to her flips.
“You know, when you live in a house, you never do the work it needs until it’s time to sell it,” she laughed.
The transformation was remarkable. With fresh floor coverings and a coat of paint, the house sold for $620,000—a massive win for Leanne.
“I was over the moon,” she said. The sale gave her the financial freedom to invest further and reduced the stress of juggling multiple properties.
Moving out of her long-time home was bittersweet, but Leanne approached it with a clear-eyed focus on her goals.
“This is business,” she explained, emphasizing her commitment to her financial future.
Selling her PPR also meant she could reinvest in projects with even greater potential.
The decision wasn’t just about money; it was about taking control of her life. “I’m not stuck anymore,” she said.
For Leanne, selling her family home marked the start of a new chapter—one where she was in the driver’s seat, confidently steering her way toward financial independence.
Leanne’s journey took an exciting turn when she transitioned from house flipping to investing in worker accommodation.
It began with the sale of her remaining Queensland property, which had been a financial drain for years. “I lost $33,500 on that one,” she admitted.
But with the equity unlocked from the sale, she was ready for her next move.
Leanne found a rural property with two houses and seven transportable units—perfect for worker accommodation. “It has 18 rooms with en suites,” she explained.
The property was a former railway accommodation, and while it needed significant work, Leanne saw its potential.
“When I was there, I realized it had been five years since I joined ILRE,” she reflected.
“And I wasn’t in the same place.” The realization brought a wave of pride and excitement.
Leanne set to work renovating the units, clearing overgrown trees, and upgrading the communal facilities. Her goal was to have the first tenants move in by January.
Despite the challenges, she remained optimistic. “Even worst-case scenario, I’m looking at $100,000 a year in income,” she said, beaming.
This project marked a significant step forward for Leanne. It wasn’t just about the money; it was about creating something sustainable and impactful.
Her ability to pivot from flipping to long-term investment showed her growth as an investor and her determination to succeed.
One of the most impactful elements of Leanne’s journey has been the support and guidance she received from the I Love Real Estate (ILRE) community.
From day one, she found herself surrounded by like-minded individuals who shared her goals and celebrated her victories.
Leanne’s Platinum Coach, played a pivotal role in her transformation. “She’s wonderful. Her personal experience makes her the perfect coach for me,” Leanne said with gratitude.
The Platinum Coach’s expertise and encouragement gave Leanne the confidence to take on challenges she once thought impossible.
But it wasn’t just about professional guidance. The friendships Leanne formed within the ILRE community became a source of strength and inspiration.
“I found my tribe,” she said. “This tribe is just amazing.” Whether it was managing properties, brainstorming ideas, or simply sharing a laugh, Leanne always had someone in her corner.
The Platinum program also introduced Leanne to concepts that went beyond property investment.
“The change to my mindset has been incredible,” she explained. Practices like visualization and goal-setting helped her stay focused and optimistic, even when things got tough.
Leanne’s journey is a testament to the power of community.
By surrounding herself with supportive, motivated people, she was able to overcome her fears and achieve goals she once thought were out of reach.
For Leanne, the Ultimate Real Estate Success and Platinum Coaching Program wasn’t just a program—it was a lifeline.
Leanne’s financial transformation is nothing short of remarkable.
When she joined ILRE, she was facing a bleak reality: $24,000 in negative cash flow and only $45,000 in total equity.
Fast forward to today, and the numbers tell a completely different story.
“I had no idea how much progress I’d made until I stopped to look,” Leanne admitted.
Now, she’s enjoying positive cash flow exceeding $100,000 annually and has built over $850,000 in equity.
“I’m a millionaire,” she said, almost in disbelief.
For Leanne, the journey wasn’t just about the money. It was about reclaiming her life.
She reduced her workdays and no longer feels stuck in a job she didn’t love. “I’m not stuck anymore. Life is exciting,” she shared, her voice filled with pride.
Leanne’s story is proof that it’s never too late to change your life. From struggling with negative cash flow to achieving financial freedom, she turned her dreams into reality through hard work, determination, and the unwavering support of her ILRE community.
As she looks to the future, Leanne is more confident than ever. “This is just the beginning,” she said. With her sights set on even greater success, there’s no doubt that Leanne will continue to inspire others with her incredible journey.
“I’m not stuck anymore. Life is exciting.”
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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 had no idea how much progress I’d made until I stopped to look,”
PRE-ILRE
PPR
Value: $390,000
Equity: $110,000
Cashflow: $0
All Investment Properties
Value: $330,000
Equity: -$95,000
Cashflow: – $24,000 (negative)
Savings
Value: $30,000
Equity: $30,000
Cashflow: $0
Total
Value: $750,000
Equity: $45,000
Cashflow: – $24,000 (negative)
POST-ILRE
PPR
Value: $660,000
Equity: $414,267
Cashflow: $0
Commercial Property 1
Value: $350,000
Equity: $175,200
Cashflow: – $1,692 pa (negative)
Term Deposit / Portable Mortgage on hold
Value: $245,000
Equity: $000,000
Cashflow: Neutral
Savings
Value: $260,000
Equity: $260,000
Total Position
Value: $1,515,000
Equity: $849,467
Cashflow: – $1,692 pa (negative)