Vending machine business owner and single mum, Trish, has worked hard all of her life. After downsizing and selling the family home, she wanted an investment in property that could allow her to spend less time working hard and more time enjoying life.
The High Income Real Estate System resonated with Trish. Taking a single-family home and converting it into micro-apartments for the affordable housing market was a good fit. She was drawn to the idea of investing with a social conscious.
“Being part of the solution for our affordable housing crisis makes me feel really good,” says Trish.
After using the due diligence methods I’ve taught her in the course, Trish settled on an area in suburban Victoria, and after inspecting several homes, she found the one!
The home was purchased at auction for $600K and cost $50K and six weeks to convert from a single-family home into a ‘Rooming House’ conversion.
What would have rented for $500 p/week, now rents for $1500 p/week, giving Trish a valuable $52K p/year cash flow uplift!
For Trish having the support of my Small Is The New Big team and our student community made the process more seamless.
“I certainly couldn’t have done this without the community, and just knowing that they’re there,” she says.
What’s in store for Trish now?
She says, “I’d like to do things that I haven’t done for 15 years. I worked extremely hard, and I’d like to do a bit less of working extremely hard, and a bit more traveling, and a bit more reading … not doing things because I have to earn a living.”
SCROLL DOWN FOR A FULL FINANCIAL BREAKDOWN AND VIDEO!