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.
She worked for 30 years as a full-time home developer. Throughout her career, she was engaged in home retail, interior design, and renovation. But despite her rich experience, Nathalie had a lot of insecurities.
The biggest one?
Her belief that she was never good enough.
And it’s a belief that her partner, Laurence, also had. Unfortunately, this mindset helped shape both of their personalities.
For years, Nathalie tried to maintain her career despite its incongruence with her values. So much so that this incongruence led her to suffer several health issues and depression. 2017, in particular, was a tough year for her.
It made her reach her breaking point.
Nathalie and Laurence both knew that she couldn’t go on like this. Something had to change!
In the end, Nathalie decided to quit her job. Laurence supported this decision since they both knew that Nathalie was no longer happy with her job. Laurence also felt that it was difficult for Nathalie to continue working in a job that was toxic.
That was when Nathalie looked into joining ILRE.
Aside from her experience in developing properties, she also had a Certificate IV in Building Construction. She was also skilled in photography, interior design, and renovation portfolio, which are underrated skills in property investing. So, it seemed like she was ready to take the leap.
Not quite.
Both Nathalie and Laurence didn’t have the confidence to start their property investing journey.
Nathalie then decided to apply for Platinum since she believed that the program will help her grow her confidence and overcome her limiting beliefs. Nicolle was then assigned as Nathalie’s mindset coach.
And they got to work.
Before making her first property deal, Nathalie only had $80,000 in her savings. Meanwhile, she and Laurence had a PPR worth $800,000. This meant that the couple’s total assets were only $880,000.
But this did not stop Nathalie and Laurence from starting their property investment journey.
Their first venture involved the renovation of their PPR. After carefully studying the costs involved, they estimated that the total cost of developing their PPR would reach $873,000.
The development cost exceeded their equity.
And yet, Nathalie and Laurence decided to push through with the project. It was a gamble that paid off for the couple.
The renovation of the property helped raise its value to $1,100,000. This meant that they expect to make a 26% profit from the sale of the PPR, amounting to $227,000.
For their second deal, Nathalie and Laurence chose a KDR single dwelling. They took on this project because they wanted to start small first considering their experience.
The couple went “all in” on this project, committing their time and energy to the development of the property. Since they were very hands-on, they learned a lot from the entire process – from dealing with the builders and buyers of the property to handling disputes and negotiations.
The total development cost of the KDR estate was estimated to be $2,270,000. While the purchase cost was initially $1,385,000, the additional costs from strategy, holding, and selling of the estate raised it by another $822,000.
However, by developing the property, Nathalie and Laurence raised its value to $2,750,000.
This means they could earn $543,000 from the property’s sale – a profit of 25%!
The big jump in the property’s value after they did the work helped them gain more confidence in themselves.
For their third deal, they entered a joint venture (JV) for the development of a KDR Duplex. At that time, the COVID-19 pandemic was in full swing. So, they had to deal with the disruptions in the global supply chains and the safety protocol guidelines on work.
This meant that the building cost was 30% higher than the pre-pandemic building costs.
In spite of the higher cost, the couple and their JV partner were still able to profit. The total development cost for the KDR Duplex was $1,785,000, but the work they did lead to an increased value of $2,400,000. So, their projected profit from the sale of the property is $615,000 or 34%.
Given their success, Nathalie and Laurence replicated their approach in the second deal with the next ones. They concentrated on the development of KDR Duplex residences.
Moreover, the couple also went into commercial leasing as a form of property investment in Queensland. They were able to find three tenants for their property, giving them an annual profit of $58,500.
The profit from the commercial property helped replace Nathalie’s income.
Following their success in property investment with the help of ILRE, Nathalie and Laurence have begun making their dream life a reality.
And they started with travelling around the world.
It was always their dream to visit various countries, but they weren’t able to do it before. But after achieving financial success, they can now afford to travel anywhere and anytime.
The travel bug even bit them so bad… They’ve made it a goal to spend half of the entire year abroad and the other half in Australia!
The couple also finally had the chance to look after each other more. They learned that good health is just as important as making a profit and pursuing a career – and they were able to achieve all that with property investing.
More importantly…
Nathalie and Laurence discovered that it’s better to let go of things that hold them back from fulfilment and joy.
Property investing gave them the opportunity to make the best memories with each other. So, they’ve decided to make the most out of it – that they want to grow old and live happily together!
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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 don’t have to be great to start, but you have to start to be great” Zig Ziglar
PRE-ILRE
PPR
Value: $800,000
Equity: $800,000
Cashflow: $0
Savings
Equity: $80,000
Total
Value: $800,000
$880,000
Cashflow: $0
POST-ILRE
All Investment Properties
Value: $2,855,000
Equity: $890,000
Cashflow: $92,000 pa
Savings
Equity: $1,010,000
Total
Value: $2,855,000
Equity: $1,900,000
Cashflow: $92,000 pa