At first Liam found the ‘fluid’ learning style of property frustrating and wished that it could be more like the rigid university setting he was used to. A few months in, struggling to turn up even a basic deal, Liam had a bit of a break down and tried to pull out of the whole thing.
They wouldn’t let him.
Turns out that was one of the best decisions he didn’t make.
Liam got three deals across the line in the short amount of time remaining, booking an estimated profit of up to $700,000, of which he personally could walk away with $175,000.
Liam’s first deal he literally stumbled across, finding a hand-drawn for sale sign on a suburban back-block. He put his foot on the deal, and asked the neighbour if maybe she was looking to sell as well. She was, but had just signed a contract with another buyer, who then came and offered his seller another $100,000.
Luckily for Liam, he had a longer due diligence period on his contract, and when the other buyer pulled out, he bought the neighbouring property as well. He will now do a two into three subdivision, for an estimated profit of $240,000.
Liam’s second deal was a one into three subdivision, keeping the house on the front and splitting two blocks off the back. The project should deliver $188,000, of which Liam will keep half.
Feeling like he’d found a formula he could work with, his third deal was another subdivision, picking up the house and moving it to the front of the block. A joint venture with the seller, the project will deliver $320,000 profit.
At the time of closing, Liam also had a one into two subdivision in train (another seller JV) as well as a two townhouse subdivision deal. The expected profit on each of those is $320,000 and $280,000 respectively.
However, it is not the money that has Liam excited these days. He has realised the opportunity to work in ‘the real world’, and he has found a passion for real estate and a wealth strategy that really resonates.
Many 21 year olds would be lucky to have themselves so sorted out.
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.
“Property really fits with me. I’ve found my calling. How many 21 year olds can say that?”