Kylie & Colby

They Prayed For A Miracle… And It Happened Through Property Investing

In 2020, Kylie found herself praying for a miracle.

She and her husband were both employed, but they were still drowning in debt.
At that time, Kylie was working full-time in a demanding management role, while Colby was busy juggling three jobs. He was a retired fireman who also worked as a part-time electrician and a coal miner doing rotation shifts.

Interestingly, the couple owned a farm and were also owners of the building of their PPR.

When they first started running their farm, they were very optimistic and thought that they would be able to make a profit.

They would later realise that farm life was far from magical.

Working on the field and raising cattle was very exhausting. So much so that they would often feel tired, dusty, and sore from working all day. And on most days, they would feel broken, yet they know the cattle still needed to be fed and watered.

Duty called. And they couldn’t ignore it.

Even though they worked themselves to the ground, the couple still ended up in debt over the farm. It was a debt that eventually grew to $160,000 due to years of non-payment.

To lessen the financial burden they were experiencing and make ends meet, they decided to rent out their caravan. However, this wasn’t enough.

…And their family faced water shortages as a result.

Running out of water was the final straw for Kylie. Tired, beaten, and broken, they soon began to question their life decisions. They even wondered if they really were failures.

Kylie soon found herself searching for help. She never felt more desperate in her life than at that moment!

The Breakthrough

In her desperation to look for answers, Kylie decided to turn to Facebook to try out her luck. It was there that she found Dymphna, the crazy lady who woke her up… And the one she never knew she needed.

As luck would have it, Kylie found the answer to her prayers in ILRE’s one-day event.

Kylie can still vividly remember what she said to her husband, Colby, at that time:

“This might actually be the answer. It’s not like we don’t know what hard work is.”

Kylie and Colby then sold their cattle and left their farm to personally join ILRE’s one-day event. She then joined Quantum immediately after.

During the first boot camp, Kylie heard about Platinum and it intrigued her.

At first, she was hesitant to join Platinum.

But she mustered up the courage to apply four days later.

Preparing to Change Their Lives

During their first six months with ILRE, Kylie learned about the step-by-step process of getting market-ready.

She followed the process.

She got herself educated.

And she learned to manage her time.

After that, Kylie learned that she had to decide on a strategy and location for her first property investment. She would then familiarise herself with it so she could become an area expert.

To sustain her momentum, Kylie continued to build and utilise her own network.

Taking Off and Doing Deals

For her first deal, Kylie focused on purchasing and renovating their PPR regional in New South Wales. They built an extension of 112 sqm and a new one-bed granny flat. Overall, it cost them $603,000.

However, the expected profit should they decide to sell the property is $1,396,500. For now, they charge a weekly rent of $280 for the granny flat.

Their second deal involved a property in the Newcastle area. Initially a single lot, they subdivided the property to turn it into two lots. They also renovated the existing house in the lot and built a new two-storey house with 5 bedrooms and 2.5 baths.

One of the highlights of the newly-renovated house is the main bedroom. It now features a large walk-in room with a study area and ensuite. It also has double french doors that open up to a deck in the backyard.

While the property cost them $1,685,169, they expect to generate a profit of $664,831 from its sale.

Kylie and Colby then secured their third property investment in Regional New South Wales. For this deal, they renovated a house with two units split into top and bottom.

The total cost for the purchase, renovation, holding, and other works on the property amounted to $1,035,360. The good news is that the renovations helped raise the value of the property – they now have an expected profit of $94,640 from its sale.

But the couple isn’t selling the property just yet. For now, they’re giving in to the high rental demand because of its strategic location. It’s near commercial establishments like the pub, medical centre, post office, supermarket, and school.

The annual rent for the renovated two units is $32,500. Similarly, the house rent is $21,000.

Joining Platinum Paid Off

Since joining Platinum, Kylie and Colby gained many opportunities that benefited them as property investors.

To start with, the program provided them with networking opportunities. Kylie, in particular, is able to build and maintain relationships with like-minded action-takers whom she can count on to help their property business grow.

At the same time, they gained accountability buddies in the community. The coaches, in particular, were not afraid to give Kylie honest feedback so she can improve as a property investor.

Another benefit Kylie got from joining Platinum was access to exclusive learning materials. They served as a guide for Kylie to enhance her skills. Even better, she is able to review those materials anytime and anywhere.

Ultimately, the platinum program created an environment for Kylie to gain confidence in herself.

The community helped provide emotional and academic support for Kylie. Meanwhile, the class discussions helped bring out her skills and enhance her experience. After all, those in Platinum brainstorm ideas together to find solutions to the challenges they face.

More importantly…

Kylie and Colby’s prayers have been answered – they have become financially stable.

Finally, the couple can now focus on their family, including their health and wellness. And they were able also to help their children finish their education and achieve their dreams.

Tayla, their daughter, completed ADFA and is expected to graduate as a lieutenant in the Australian Army in December. Meanwhile, their 18-year-old son, Jake, has started his career as a carpenter in the Australian Army after marching out of Kapooka.

Moreover, Kylie and Colby have also begun to mentor their family and friends on making financial decisions involving property.

Their new mission is to help others make their dreams a reality.

“You never really know how resilient & strong you can be… Until being resilient strong is your only option”

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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.

“You never really know how resilient & strong you can be… Until being resilient strong is your only option”

Results

PRE-ILRE

PPR​
Value: $800,000​
Equity: $254,000​
Cashflow: $0​

Super-Combined​
Value: $380,000​

Initial Position​
Value: $1,180,000​
Equity: $254,000​
Cashflow: $0​


POST-ILRE

PPR – Owner Build​
Value: $2,000,000​
Profit: $1,396,500​
Cashflow: $10,400​

Lake Mac – Reno ​
Value: $1,100,000​
Profit: $664,381​
Cashflow: $0​

Lake Mac – New Build​
Value: $1,300,000​
Reno & New build​
Cashflow: $0​

Regional – Reno Est​
Value: $650,000​
Profit: $94,640​
Cashflow: $30,240​

Regional – New Est​
Value: $480,000​
Reno & New build​
Cashflow: $20,160​

Super-Combined​
Value: $420,000​

Current Position​
Value: $5,950,000​
Profit: $2,155,521​
Cashflow: $60,800​