Most people are conditioned to follow the average life path.

Get good grades in school… Find a job…

Then work for the rest of your life.

Brad was just like this. He worked as an engineer by trade and made a decent amount of money. That’s why he never really thought about getting into real estate.

Now?

He’s a successful millionaire, enjoying life with his beautiful wife and two daughters.

So, how did he make it happen?

Brad’s property journey started in 2009 when, at just 25, he bought his first house. And to lessen the $500-a-week mortgage, he got two renters to live with him. Despite that, Brad soon realised that it would take him around 30 years to pay off his house, which will cost him $350,000 in full.

Clearly, a 9-5 job wasn’t going to cut it.

It was at that time that he saw his architect friend’s success in property. Brad said:

“I was watching a mate that I went to high school with who became an architect, and he was doing reno flips. Then he moved into three developments. I thought, ‘Jeez, there must be something in this.’ I calculated what he was doing and thought, ‘Yeah, he’s making good money.’”

Inspired by his mate’s success, Brad saved money and bought his first few properties. Fortunately, he was relatively successful despite having no experience.

His first property deal involved renovating a townhouse and building two new ones. And that earned him a hefty $119,832.

For his second deal, it was another renovate and build involving two units. And he profited $193,684 from it.

While all of these were exhausting live-in renovations, they made him enough money. Brad recalled:

“I was moving in. I’d live in a room then renovate another room.”

It was a complex process, but he was able to get through it.

Soon enough, Brad caught the property bug… and couldn’t get enough of it! So much so that he then bought the properties for deals three and four. But he soon faced one big problem:

He hit his serviceability limit.

So, Brad began looking for help. That’s when he heard from his good friend, Jason, who then encouraged him to ILRE.

This was when things started to change.

Finally Fixing and Perfecting the Process

Brad attended a one-day ILRE session in September 2018, and then joined a full-on boot camp in November 2018.
Upon joining ILRE, he realised that while he was doing well… he could do a whole lot better.

Before meeting Dymphna, Brad had a negative cash flow of $3,487. And he didn’t even know that he could get a positive cash flow on property.

He also learned that he was making extremely risky moves by buying in his own name and being cross securitised. Even worse, there was no asset protection for his properties, and he didn’t utilise any tax benefits.

Yikes!

At the same time, Brad learned the importance of having positive cash flow and avoiding negative gearing. He also discovered how useful joint ventures (JV) could be when investing in properties.

But most importantly…

Brad was able to find a valuable network that will aid and support him in his property journey.

He then applied his learnings to his third and fourth deals that he handled before meeting Dymphna. Soon enough, he sold them for a hefty profit. His 3rd deal netted $371,011, while his 4th deal gave him a profit of $310,983.

Brad’s profits practically doubled!

Then, Brad did his first JV with his in-laws, from which he earned a respectable $315,000.
But his sixth deal was where it all started coming into place.

That’s because Brad finally had the correct investing structure and no longer bought properties under his own name. By having a proper safety net, Brad was finally able to release the breath he was holding. Not to mention this deal resulted in a per annum cash flow of $49,237.

He did another JV reno-and-build with his in-laws that got them a total of $1,057,548.

For his eighth deal, Brad found the perfect location to build an Airbnb. He profited $562,976 from it. But COVID hit, so he wasn’t able to utilise it to its fullest potential.

For his ninth deal, it was another JV with his in-laws. This one was equally as profitable, and Brad took home $528,000.

In the process of doing those deals, Brad was able to form an A-team. He found the perfect engineer, architect, and designer who could work with him for all of his deals. This cohesion allowed for a cheaper and more efficient process.

The True Value of ILRE is Revealed

Now, what about Brad’s most recent deals?

Well, he was able to make use of ILRE’s amazing community! It’s because he partnered with ILRE members and made amazing profits.

Deal 10 was a JV reno-build and gave Brad a profit of $597,000.

Deal 11 was the same, and it resulted in a profit of $184,069.

Through the help of Dymphna, Brad was able to go from a relatively successful real estate investor to a real estate king.

It’s because before joining ILRE, Brad had a property portfolio valued at $1,766,553…

He owned equity of $784,907…

And he had a negative cash flow of $3,487.

After meeting Dymphna, he had total property valued at $8,876,697…

He owned equity of $6,022,138…

And he had an astounding positive cash flow of $135,826!

By increasing his knowledge and skill set, building an amazing team, and forming connections with like-minded individuals…

Brad was able to achieve his dreams.

Now, he can provide his wife and daughters with the life that they deserve. Along with all the standard aspirations, such as nice cars, fancy toys, and everything under the sun.

As Brad put it,

“I Love Real Estate changed our lives dramatically. Today, with the current projects that I have, I’ll have $6 million worth of equity and cash and $135,000 of positive income from my properties. It’s insane! And, you know, if I can do it, so can you.”

Brad even got his real estate license and really made a business out of property. He got into importing materials and even construction and consultancy.

It was by heeding Dymphna’s advice and getting help from the ILRE community that Brad was able to change his life and become who he is today.

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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 Love Real Estate changed our lives dramatically. Today, with the current projects that I have, I’ll have $6 million worth of equity and cash and $135,000 of positive income from my properties. It’s insane! And you know, if I can do it, so can you.”