Dymphna Boholt founded I Love Real Estate as a way to demonstrate her deep appreciation for the opportunities made available to her through real estate property investing. Dymphna, a wildly successful property investor who has earned international acclaim for her investing acumen, frequently uses the platform to directly communicate with students and mentees while also publishing articles and sharing information regarding any upcoming speaking engagements.
Dymphna became intrigued by the prospect of building a property investment portfolio after enjoying a great deal of traditional success working for accountancy firms, especially after recognizing the benefits associated with creating a solid source of passive income rather than relying on a salary that placed serious demands on her time. After diligently researching the subject by attending conferences, workshops, and seminars, Dymphna met Dr. Dolf de Roos, who ultimately became a mentor to Dymphna and guided her through the earliest stages of building a property investment portfolio.
One year after getting her start as a real estate investor, Dymphna had built an unbelievable portfolio worth $3.5 million, with $1.55 million in equity. Her success was so unparalleled that Dr. de Roos featured Dymphna in his book, “Secrets of Property Millionaires Exposed,” and she has since proved time and again that the approach to real estate investing she developed is at the core of her long run of success. With a steady passive income on which to rely, Dymphna and her family are able to enjoy plenty of time together on the 32-acre property located on Australia’s Sunshine Coast.
In what city/state was your first house located and approximately what year did you buy it?
My family and I live in a beautiful home on the Sunshine Coast in Queensland, Australia, and I bought the 32-acre piece of property a few years after I first got into real estate investing.
What was your living situation prior to buying your first house? Where/with whom/etc?
I had moved around for work quite a bit, so I was living everywhere from Sydney to Bangkok. I’m happy to now have a permanent home to share with my family.
What motivated you to purchase your first house?
I wanted to purchase a home that would serve as a reminder of why I got into property investing in the first place, which was to be able to generate income while also having ample time to enjoy a relaxed lifestyle amidst a natural setting.
How did you go about getting the money together to buy it?
After having so much early success as an investor, I had more than enough money at my disposal to pay for the property in full.
When you purchased, were you thinking of it as an investment or as a place to start a family. Please elaborate.
I saw it as a place to raise my family — it’s spacious and just so happens to be located within a rainforest, so it is a wonderful place for all of us to live.
What are 3 things you liked most about the house?
The Sunshine Coast is just a phenomenal place to live, and with 32 acres of rainforest, creeks, and plenty of wildlife, there is no end to the fun we are able to have by just walking out of the door.
Was there anything you didn’t like about it?
I was concerned that we might feel a bit too secluded, but it turned out to be the perfect balance for our needs.
Did you make any improvements or major renovations to the house?
Not yet, but we have been discussing the possibility of upgrading our energy systems to a more efficient option.
Please share 1-2 of your fondest/funniest memories from living there.
I have three children, so every day there is at least one moment that just overwhelms me with the purest feelings of joy. Of course, there are always two sides to every coin, but I’ll remember all the silly stuff my family does on a regular basis just to make me smile.
Do you still live there or did you sell it or renting it?
We are still living there and are still exploring the vast forests surrounding our home.
What advice would you give other first time home buyers?
Don’t rush into anything unless you are absolutely certain it is the perfect home; otherwise, be patient until you find a home that truly feels like your own.