Helen and Leo from Melbourne want more from life than working for a wage and slaving to pay for a mortgage.
Avid Rock ‘n’ Roll dancers and vintage car enthusiasts, they put plans in place early to make sure they have the time and money to enjoy life. They have plans to retire in QLD. And my High Income Real Estate System proved the gateway to make their plans a reality.
They started as traditional investors, buying a negatively-geared property, but in 2018, their journey began with Rooming House conversions (also referred to as HMO or Micro-Apartments in some states).
‘I’d heard about share housing many many years ago,” Helen says. “But when Ian Started talking about, this is what Rooming is, and the quality. That just blew my mind!”
“The properties that we had were literally negatively geared, and they started to grow in capital, and once they started to grow in capital … we could increase our rent, but it was never going to be what these opportunities could.” Leo explains.
Their HI-RES property conversion in Victoria took them from earning $380 p/week rent to almost $1300 p/week. Their property jumped from a gross annual income of just on $19K, to now over $66K!
“That was when the penny dropped,” Leo says. “If we get about four that produce that type of cash flow, I think we’ll be right. I think we could retire quite happily.”
They’ve created a perfect market fit for the affordable market, with a smart, micro-apartment conversion that is perfect for young professionals, proving that Rooming Houses have come a long way!
“People walk in here, and they go, why wouldn’t I want to stay here,” Leo explains
They’re now shouting from the rooftops the benefits of the HI-RES program.
“If you educated yourself in this type of strategy, you don’t have to wait, You can start to make positive cash flow in a big way!” says Leo.
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PURCHASE PRICE: Not Disclosed
RENOVATION COST: $45,000
RENTAL RETURN WEEKLY
$380 per week
$1300 per week
$920 per week uplift
$19,760 per year
$67,600 per year
$47,840 per year gross uplift