Joel purchased one of his first properties back in 2015.
There was no real strategy behind it. It was just buy and hold.
It’s based on the East Coast of Queensland.
Joel tried to sell it, but no-one wanted to buy it, in the soft market.
He didn’t know what to do.
Then he attended my event, and he totally shifted his paradigm about what was possible with property.
So he decided to convert it using the unique process I’m about to share with you.
He did some research and started crunching a few numbers...
As a standard rental property it was generating $360/week.
After expenses, not allowing for vacancies and providing they had no surprises, it was JUST positive cash flow, bringing in $2,000 per year. Not bad, but not great either…
He spent $19,000 to renovate and convert the townhouse.
It took just 48 hours for Joel and his partner Bianca take this property from $360/week to $830/week.
Yes, that’s an extra $470 a week.
After paying all costs, his previously unwanted property is producing a net positive cash flow of $19,500 per year.
“Even better,” says Joel, “I lowered my risk. And I sleep better at night knowing I’m making a healthy net positive cash flow – no matter what happens to property prices in the future.”
You can do the same thing as Joel, by applying this strategy to almost any house that you own today or purchase in the future.
Bianca was so impressed with what they both learned along with the support and community, that she applied and subsequently joined us on the team at Small is the New Big.