As a retired registered nurse, Trudi initially attended three of Dymphna’s free seminars in 2013 and 2016, but she remained on the sidelines, not fully committing to the advice given.
It wasn’t until her third seminar in March 2020, just before COVID-19, that Trudi decided to dive in and transform her passive interest in real estate into active investments.
Trudi’s journey with real estate began with hesitation.
Despite Dymphna’s urging to invest in Sydney, Trudi believed the market was already too expensive. This mindset led to years of inactivity, where she continued working as a nurse without taking significant steps towards real estate investment.
It was a comfortable life, but it lacked the financial growth and security that real estate could provide.
In 2020, Trudi finally decided to join I Love Real Estate.
The pandemic lockdowns provided her with the time and focus needed to immerse herself in the coursework.
With previous property experience but no substantial progress, she saw this as an opportunity to make real changes.
Trudi joined Platinum, and with the support of her coach, she began to take concrete steps towards building her real estate portfolio.
Trudi’s first major deal after fully committing to ILRE was a commercial property rented to FedEx.
Purchased for $15,000 less than its previous sale price, this property provided a stable passive income of $41,000.
This strategic acquisition demonstrated the value of buying smart and the importance of having a national tenant.
Realising the limitations of her current residence, Trudi decided to sell her “comfy couch” home and invest in a property with more potential for manufactured growth.
She bought a poorly designed house that had been on the market for two years, offering significantly less than the asking price.
This move not only provided her with a new project but also capitalised on the natural uplift in the market.
Trudi then ventured into a joint venture (JV) with a real estate colleague, purchasing a neglected property for $195,000 in regional New South Wales.
Despite its poor condition, Trudi and her partner transformed it into a beautiful rental, generating $31,000 in positive cash flow annually.
Their efforts didn’t stop there; they also acquired the neighbouring property, turning it into a rental despite initial doubts about its condition.
Trudi’s journey didn’t stop at renovations.
She bought an industrial property off-market, which required significant renovation but resulted in a lucrative investment.
Additionally, she embarked on a subdivision project in Jacobs Well, promoting it as a potential NDIS (National Disability Insurance Scheme) development.
This project is set to generate a substantial profit of $1.4 million.
Trudi’s journey is not just about financial growth but also personal development.
She has moved from a passive observer to an active participant in the real estate market, with a diversified portfolio and substantial passive income of $237,000.
Her net worth has significantly increased, showcasing the transformative power of taking action.
Trudi’s advice is clear: “Don’t wait.” She emphasises the importance of not letting comfort hinder growth.
Her story is a powerful reminder that it’s never too late to take action and that the support of a community like ILRE can be invaluable in achieving financial success.
Trudi’s journey from hesitancy to commitment, from comfort to proactive investment, serves as an inspiration to all who are looking to transform their financial future through real estate.
Her story underscores the importance of stepping out of one’s comfort zone, taking action, and leveraging the support and knowledge of a dedicated community.
“I‘ve looked at my figures and I’m amazed at what I’ve achieved in a very short time… Three years!”
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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.
“When you know how to really look there’s a plethora of opportunities out there. You’ve just got to learn how to see them.”
PRE-ILRE
PPR
Value: $1,200,000
Equity: $1,200,000
Cashflow: $0
Small Resi Unit
Value: $230,000
Equity: $230,000
Cashflow: $12,000
Commercial
Value: $1,100,000
Equity: $880,000
Cashflow: $61,000
Liquid Assets
Value: $200,000
Equity: $200,000
Cashflow: $0
Total
Value: $2,730,000
Equity: $2,510,000
Cashflow: $73,000
POST-ILRE
PPR #
Value: $3,200,000
Equity: $2,550,000
Cashflow: $0
Small Resi Unit
Value:$ 350,000
Equity: $350,000
Cashflow: $16,000
Commercial
Value: 1,500,000
Equity: $1,352,000
Cashflow: $94,000
Commercial Reg
Value: $420,000
Equity: $420,000
Cashflow: $41,000
Commercial GC
Value: $1,300,000
Equity: $678,000
Cashflow: $28,000
Resi Reg – JV #
Value: $1,500,000
Equity: $200,000
Cashflow: $42,500
Resi Reg – JV
Value: $500,000
Equity: $500,000
Cashflow: $15,500
Subdivision- JV#
Value: $700,000
Equity: $700,000
Cashflow: $0
Total
Value: $9,470,000
Equity: $6,750,000
Cashflow: $237,000
# Estimated value post strategy
JV joint venture = 50% deal