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A MAN who experienced a troubled childhood – that saw him fail high school and be kicked out of home – managed to turn his bad lot in life into millions.
Kev Tran, 32, from Sydney, Australia focused on finding success in real estate and now owns three houses worth over £800k after a lot of hard work and determination.
Kev TranKev Tran quickly turned his life around by learning how to invest in the property market[/caption]
Kev TranHe now has three houses to his name after previously growing up in social housing and then being kicked out of home[/caption]
Tran’s parents emigrated from Vietnam to Sydney in the 1980s, where they moved into social housing and worked hard to save up money.
A decade later and the man from humble origins is working as a buyer’s agent for a leading Sydney firm and owns an £800k (AUD$1.5million) property portfolio across Australia.
He told news.com.au about his experiences growing up: “I could see saving and being frugal was a big part of how our family operated.
“They worked really hard and they saved a lot.”
As a pre-teen, he saw his parents struggling after they made bad investments in property – and Tran vowed never to make the same mistakes.
“My dad thought that Sydney prices couldn’t go up anymore but mum wanted to hold onto it (the property).”
The house was sold, but Sydney prices did go up and it caused a “rift in their relationship”.
Those interim teenage years were difficult and turbulent. His parents divorced, his mother moved away and his grades plummeted – ending his dream to go to university.
Tran failed high school and began moving between minimum wage jobs at factories, restaurants and casinos as he and his father shared a room to save on rent.
“I was staying with him until I was about 21…I got kicked out of that home because he remarried, I didn’t get along with the partner.”
It looked bleak for Tran until her landed a job as a VIP host at a casino and his eyes were opened to the world of investment.
“It really opened my eyes up towards this whole new level of money, it was like the polar opposite of saving,” he explained.
Suddenly, he was researching and reading lots about property and at only 26-years-old he bought his first home – a newbuild townhouse in Melbourne for £240k.
Yet, Tran said: “When I bought it I didn’t know much about property. I’ve had it for the longest and it’s grown the least. It’s an underperformer.”
He continued to research the property market and learn how to make returns on his investments more quickly.
Not long after, he secured a loan to snap up a £202k three-bed house in Ballarat, Victoria and immediately got tenants in to start making back money.
As property boomed in 2021, his second house’s value had risen by an eye-watering £132k in only three years.
Spurred on by his success, he found a new purchase in Towoomba, Queensland the same year.
Now, all of his houses continue to rise in value and he has his name attached to a portfolio worth over millions in Australia.
Tran hopes to continue to buy houses and build up his mini property empire.
Source: https://www.thesun.co.uk/news/22210400/ ... re-houses/