Greg, Karen, Cassy & Jarrod

The family that deals together, stays together.

Greg and Karen became members of the I Love Real Estate community in August 2014. Their daughter Cassy and her fiancé, Jarrod, decided to join them just over a year later.

They were all already seasoned property investors at that stage, but were still struggling to get the results they were looking for. Greg and Karen, in particular, had been defrauded by a close friend, and were struggling to trust people and take risks.

Spending time with the ILRE community gave them the perspective to rethink their investment strategies, and pivot towards deals that were better suited to their stage of life. For Greg and Karen, who had accumulated some equity, it was about creating income. For Cassy and Jarrod, who were still on the fun side of 30, it was about accumulation and sharpening their teeth as professional property developers.

“In our little tribe we’re called ‘The Property Parents.’ We love hanging out with the young ones and helping them with their deals.” – Karen

Their financial results speak for themselves, but their example also speaks to the ability of property to transcend generational divides. Property is always a hot topic of conversation around the dinner table, and jamming out property deals is something of a family pastime.

They really value having a shared mission and a shared set of tools to work with. It is a strong bond that holds the generations together.

The Property Parents

Greg and Karen joined ILRE with about $700,000 worth of equity in their home and in two investment properties that they owned. However, the investment properties were neutrally geared, and weren’t providing any income.

Their first task was to get their investment properties to do a bit more lifting, by adding attached granny flats, and purchasing two more cashflow-positive investment properties.

They then set their sights on two joint venture boarding house deals in regional NSW, and one on their own. These properties are nearing completion, and will be positively geared to the tune of $100,000 and $65,000 respectively.

In just over three years, they were able to create $177,000 worth of passive investment income.

“People say, ‘When are you going to retire?’ but I say, ‘Why would I retire? Property already allows me to do what I want to do’.” – Greg

The Property Kids

Greg and Karen’s daughter Cassy knew that her teenage sweetheart, Jarrod, was “a keeper” the day he showed her around a vacant block of land he owned, and told her about all the wonderful things he was going to do with it.

Since then, he’s been a passionate property buff, although perhaps a bit prone to ‘buying first, thinking later’. ILRE has put the polish on their raw talent and potential, and set them up for a long and profitable career in property development.

Cassy and Jarrod’s go-to strategy is house and land construction projects, with a particular focus on suburbs around Sydney’s south-west, often in joint ventures with other ILRE students.

“I hear people say that kids can’t get into property, but look at us. There’s always a way if you’re willing to work hard, get educated, and get creative.” – Cassy

These deals typically return around $100,000 – $150,000 in profit each, and with their systems now humming like a well-oiled machine, Cassy and Jarrod are now able to complete 10 to 12 projects a year.

In the last three years alone, they have booked over $1.8 million in profit, and have launched an award-winning construction company … all while they are both still in their 20s.

“This is the ripple effect. You work on yourself, you change your situation, and the impact of that can last for generations.” – Dymphna Boholt

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.

The inspiring story of how property investing has become the glue that keeps this lovely family together.

Post-Dymphna Results

Oran Park
Profit: $219,000  
Passive Income: $3,700

Leppington
Profit: $210,000
Passive Income: $4,800

Duplex Oran Park
Profit: $166,000

Duplex Oran Park
Profit: $120,000

Duplex Gregory Hills
Profit: $48,750

House Spring Farm
Profit: $36,500

Subdivision Spring Farm
Profit: $825,000

Duplex Oran Park
Profit: $28,250

Duplex Oran Park
Profit: $47,313

4x Duplexes Oran Park
Profit: $180,000 

TOTAL 
Profit: $1,880,813
Passive Income (p/a): $8,500