Kev + Carmela: The inspiring story of 7 Properties + $2m in Equity in 3 Years

Scouting Australia Podcast

Sam Gordon sits down with APS clients Kev and Carmela, a dynamic duo who’ve built an impressive $5.95 million property portfolio through sheer determination and hard work. Starting in teaching and accounting, they shifted gears to own and operate three successful cafes in Sydney, where they’ve worked hard to build them from the ground up (and overcoming the impact of COVID on the hospitality industry).

Kev and Carmela began their property journey individually, each purchasing their first properties, then combining forces to acquire five investments properties in a short period. After purchasing their primary residence in 2021, they connected with Sam and APS, and that partnership has since transformed their path to financial freedom. With nearly $2 million in net equity they are well on their way to achieving $200k in passive income to allow Carmela to step back from working and allow them both to spend more time with their young family. This episode is seriously inspiring and shows what can be achieved if you set a goal and commit completely.

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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.

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Chapters:

(00:00) Welcome

(01:27) Meet our guests: Kevin + Carmela

(09:43) Carmela’s back story

(16:22) Carmela’s first property purchase

(25:00) Kev’s first purchase: an apartment

(30:54) Kev + Carmela join forces: the primary residence

(36:07) The catalyst to invest: COVID

(41:37) First contact with Sam and APS

(46:28) First deal with APS

(49:54) The feeling of the first deal

(54:57) Deal #2

(58:31) Why did Kev and Carmela almost leave APS?

(1:06:54) Third deal with APS

(1:12:16) The Queensland deal

(1:18:08) Changing tact: bread and butters

(1:22:21) The results speak for themselves

(1:25:08) Don’t be afraid to take the leap

(1:30:10) The effect of a strong work ethic

(1:34:42) Delayed gratification: building wealth

(1:37:13) The difference of good and bad debt

(1:42:41) The current results: almost $2 million in equity

(1:44:00) Rapid fire!