PHOTO: Adem Assad, 31, had his foray into the real estate industry when he and his parents renovated a $324,000 property
- Adem Assad, 31, renovated his first $324,000 property with his parents
- At 18, Mr Assad was working three jobs at McDonald’s, KFC and washing cars
- He made $94,000 on his first house after spending $15,000 in renovations
- The next year he made $65,000 after replacing the kitchen of a Melbourne home
- He made $94,000 profit off his 12th home which he renovated for just $20,000
A Melbourne man who flipped 12 houses by the time he was 30 is now living mortgage-free in a $1million home.
Adem Assad, 31, had his foray into the real estate industry when he and his parents renovated a $324,000 property in his late teens.
Mr Assad said growing up in a modest three-bedroom home in a family of seven is what drove his passion to succeed.
Adem Assad’s tips for beginners
Keep an eye out for high-demand areas in neighbourhoods you are familiar with
Don’t buy a property you have an ’emotional connection’ to or would want to keep
Make contacts for tradies as you go
Hire other people to do hard physical work
Embrace your passions and get creative
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