Julie and Laurie met right after they both got divorced. They had an instant connection, and their relationship quickly evolved. So, they soon shifted from friends to business partners.

Before joining ILRE, both of them worked their bones off in their respective careers. Laurie put in long hours in his own business. As for Julie, she had two jobs and also managed her own business.

That meant they both had little time for themselves, much less for their friends and families. They found living a life where they were constantly hustling was very exhausting, so they wanted to make money in an easier way.

That’s when they both decided to venture into real estate.

But they were led astray because they took some very bad advice. It resulted in Julie and Laurie buying properties that were negatively geared and had to work even more so they could pay it off.
The pair had a negative cash flow of $32,337 per annum. They had to earn that much more after-tax just to stay afloat (although they already had $1,777,850 equity, which is nothing to scoff at).

Julie said:

“We didn’t buy that many. But you know, we did buy a few. And we were very negatively geared, working really hard, long hours. We both had our own businesses; I worked two jobs. And we just went out; we’re doing it all wrong.”

Aside from being negatively geared, the pair also didn’t have any asset protection. They bought the properties in their own names and had cross-securitisation.

They knew things had to change if they wanted to make it as property investors.

But since Julie and Laurie were both burnt by other peoples’ advice before, they were hesitant to join ILRE. However, they saw the son of one of their friends on the stage, smiling, and they got interested.
So, they called their friends, Mick and Andrea, and asked about ILRE and Dymphna. Fortunately, they got the assurance they wanted and learnt that it was the real thing.

As a result, Julie and Laurie joined ILRE in 2018. With it, they finally learned everything that they were doing wrong as property investors at that point. Upon realising the number of mistakes they made, they decided to move forward more strategically from that point on.

Reversing the Negatives

After joining ILRE, Julie and Laurie finally had the correct structure for their property investing journey and started developing their properties.

But there’s one thing they needed to address first:

Their negatively geared properties.

Those had to be reversed so the two could continue with their real estate journey.

So, their first three deals involved selling three properties to make the cash flow positive. The first property sold for $342,000, the second for $360,000, and the third for $320,000. As a result, they went from a negative cash flow of $32,337 to a positive cash flow of $12,198.

Julie and Laurie were now in the green and were now able to breathe easily. While they sold the properties for a loss, they knew it was a decision that would save them a lot more money in the future.
The fourth deal was a PPR subdivision.

They got DA approval in 2019, but it turned into a challenging project. Delays occurred due to COVID and they also had to face multiple hurdles. But their efforts paid off. Title stamps came through by May 2022. The total cost for the property was $250,000, and the equity was uplifted to $1,050,000.
It was a fantastic profit for the pair’s first real deal.

Deal five was a renovate-and-sell investment property. This was initially Julie and Laurie’s PPR for four years, and then they eventually rented it out.

The property had tenants living there for seven years, and they were interested in buying the house. They said their baby was born there, so the property had a lot of sentimental value to them.

Julie and Laurie never really thought about selling, but they had it appraised. When the house was appraised at $690,000, the tenants backed out. So, they gained an opportunity to renovate it, and they were able to uplift the value by $72,580.

Deal six involved purchasing a block with 15 units to renovate and keep. This became their new PPR, and they moved in by July 2022.

The primary strategy for this property was to rent it out… And it worked! With this strategy, Julie and Laurie were able to get an astounding $129,960 increase in cash flow.

For their seventh deal, it involved another renovate-and-sell PPR. They had it styled and got an uplift of $337,880.

The Peak of Success

Julie and Laurie had a nasty history with property investing, so they were initially hesitant to trust ILRE. But they took the risk… And it paid off.

Now, they’ve rectified their mistakes and reached new heights as property investors.

The pair went from having negatively geared properties and working night and day just to pay for them to barely spending any time working because of the passive income they’re getting.

Before meeting Dymphna, they had a negative cash flow of $32,337. But after meeting her, that cash flow became positive… And reached a whopping $139,896!

Laurie told us:

“We were negatively geared. Now, we have a positive cash flow of about $139,000 per annum. We have a very small debt of $30,000, which we have the cash to pay off, but we’re looking at reinvesting that money in a way that’s gonna make us some more.”

While they still have some debt, they have dramatically more money now. And that’s money that can be multiplied to erase their remaining debt.

And finally, Julie and Laurie have more quality time for themselves and the people they love. They’re living their dream lives. Not to mention their mental and physical health improved, as they’re now working less and having more time to exercise and be mindful of their bodies. They’ve also become regular volunteers for the animal shelter and are giving back to the world.

Even their business outlook changed.

They’ve become more creative in their endeavours. And they’ve pretty much eliminated the stress they’ve built up from long hours of work, which caused them to have tunnel vision and miss a lot of opportunities.

Through ILRE, Julie and Laurie have also committed themselves to lifelong learning. They also found a valuable network that will aid them not only in property but also in life.

And they can’t wait to see what’s next for them.

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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.

“We were very negatively geared, working really hard, long hours…We were doing it all wrong.”