Back in the late ‘90s he got ahead of a trend for LED billboards that was already raging across Europe.
He was the man who brought LED advertising to Australia, and for several years it was a gold mine.
However, as he tried to grow his business he found himself in a legal dispute with one of his clients over a broken contract. Once the lawyers got involved things really went down hill fast, as the process burned through more and more cash.
In the end, Andrew became insolvent and he lost his business.
Andrew then struggled with depression for several years. He lacked direction. Having moved to Queensland to get back into the sparky game, he met people who were making a killing with property development.
“I call it my wallowing in the mud period. I lost trust in people, and lost my soul, my spirit and my enthusiasm for life.”
He decided he wanted in on the action, but he bought in late (Stage 5) on a residential development. Not long after the market tanked 20% and Andrew lost $42,000.
Realising that property investing is a minefield for the uneducated, Andrew set about getting himself skilled up. He attended numerous seminars, including several with people who went bankrupt during the education process.
Eventually he found Dymphna Boholt. He attended a one-day seminar and “learnt more in one day than I had in years.” He joined the Ultimate program on the spot, and it has been “the best investment of my life.”
Andrew now “buys property the right way” and has a number of deals going here in Australia and in the U.S. As well as improving his own financial position, with almost $700,000 in equity (excluding the PPR) and $60,000 pa in passive income, he is now helping young investors to learn the ropes.
Through Dymphna’s program Andrew has become a complete investor. He has a better trust structure to carry his properties, he works to a business plan, and he has started meditating and working on his mindset.