|
Real Life Case Studies with actual results, sent to us by our customers
Case Study #1.
"Since my wife and I bought your books and tape set at the Melbourne Investment Exhibition in November 2000 we have come a long way. The course was clear enough for us to get out of the its too hard bracket and we have bought two properties in Nerang, Queensland.
One property had an existing good tenant who I kept on. He pays $120/wk on a purchase price of $69,000 (RTP 575)
The other property had a bad tenant so we went for vacant possession, bought it for $52,500,, spent $15,000 renovating and now rent it for $135/wk (RTP 496). We have just had ANZ revalue the property via Herron Todd White at $65,000, so we were able to draw out most of our renovation money.
Thanks to your clear guidelines we are no longer concerned about our retirement which will now be funded by us and not super or the Government."
Mike Creed - Victoria Australia 2000
Here's an update we received from Mike in March 2003
Things are going very well for us!
Since we bought our first investment property 25 months ago we now have <b>nine</b> (not including our home).
18 months ago we set a target of matching my good salary as an engineer with passive income so that I could retire if I wanted to. Reviewing our property portfolio recently I realised that we have already achieved this goal!
I am still working because I enjoy it and it helps to accelerate the portfolio growth. We have two young children (8 &4) and we are not at all concerned about how to pay for schooling, holidays or emergencies that may come up.
We have spent what we would have previously thought as ridiculous amounts on our education in property investing, wealth generation and tax/structures but have found that the more we spend, the more we get back.
The interesting thing is that if we lost it all tomorrow it would not be an insurmountable problem because we now know how we could get it back again quickly! We have so far just followed simple guidelines (as in the course) and always sourced our own deals.
In February 2002 my job became redundant.
The first thing I did was to buy two more units which I sourced over the internet and phoning interstate to estate agents. I picked these up for $76k each on 95% loan with the ANZ fixed interest for 10 years. These are now valued at $120 - $130k each (+$100k in 11 months) and are returning $160 & $175/week rent (RTP of 475 & 434).
The last couple of years we have holidayed in Adelaide and the Gold Coast. Each time I have set a couple of days aside to "go shopping" and successfully picked up good deals. This means the tax man helps with the holiday costs and because I am not at work I can focus very easily on sourcing property. The RTP method is great for this as it is quick and easy.
If I left work now our income would come from refinancing loans as property goes up. Our aim now is to achieve the passive income without refinancing (not relying on market growth) by buying more positively geared (pre tax) properties.
LG and Nike have mottos that we like - Life's Good and Just Do It!
Mike Creed, Victoria March 2003
Case Study #2.
Just thought I would let you know Im still at it. Been looking continuously for property and today I also have settlement of my latest unit.
Wrote to the bank as you suggest. They were very impressed. Both properties I bought last year have skyrocketed in price. Rents have also gone up. I cant believe capital growth at 30+% can last much longer. At least I have the equity in those properties now and not in 6 years time. Talk about encouragement to buy more!
Ray Wallis, WA Australia
Case Study #3
Brett Dwyer from Victoria (original letter available for inspection in our offices) says that in only three years he has enjoyed $350,000 capital growth from the 5 properties he bought after having done the Super Secrets to Wealth® course.
The No.1 lesson Ive learnt from your home study course is that cash flow is king! I nearly went down the negative gearing path until I got your material as friends of mine have done and now they are way behind the results I have achieved.
Thank you Hans for your independent information. I recommend your material to anyone who wants to work smart today for a better tomorrow.
Brett Dwyer, Victoria May 2001
|