Meet the Subway Sandwich Artist Who Quit His Job to Buy Real Estate — And Now He’s Mortgage Free At 30 And Living In A $1 Million Home
- Adem Assad, 31, renovated his first $324,000 property with his parents
- When he was 18, Mr Assad had three jobs at McDonald’s, KFC and was cars
- He made $94,000 on his first home after spending $15,000 on renovations
- The following year, he made $65,000 after replacing the kitchen of a Melbourne home
- He made $94,000 in profit on his 12th house which he renovated for just $20,000
A Melbourne man who knocked down 12 houses by the time he was 30 now lives mortgage-free in a $1 million house.
Adem Assad, 31, entered the real estate industry when he and his parents renovated a $324,000 property in his late teens.
Assad said growing up in a modest three-bedroom house in a family of seven drove his passion to succeed.
By the time he was 18, Assad had three jobs: as a store manager at Subway, waiting tables at McDonald’s and washing his neighbors’ cars.
Adem Assad, 31, entered the real estate industry when he and his parents renovated a $324,000 property
He made $65,000 after replacing the blue kitchen of a three-year-old house (pictured prior to renovation) in Craigieburn, north Melbourne
Despite training as a broker after completing Year 12, Ms. Assad admitted that “just being the middleman wasn’t enough.”
Assad made $94,000 from his first house flip after spending just $15,000 on renovations, which included retiling the kitchen and removing the carpets.
“And I thought, this is something I can do instead of having three jobs,” he told the… Herald Sun.
The following year, he made $65,000 after replacing the blue kitchen of a three-year-old house in Craigieburn, north Melbourne.
It was quite by chance that Mr. Assad came across his next property – a two-storey house in nearby Roxburgh.
“I had no intention of buying, I had driven by (the auction) and until that day I had never walked into the house,” said Mr Assad.
The 31-year-old, who taught himself how to renovate by watching YouTube tutorials, bought his 12th house which he completely restored for just $20,000. Pictured: After renovations to the kitchen of his Craigieburn home
While he turned home refurbishment into a profitable side business, Mr Assad was still selling display homes during the day. Pictured: Mr Assad’s current home in Greenvale where he lives
‘I think the Queen lived there. Every room was gold and red, but I saw the potential. So I completely redecorated it. And it opened my eyes: I made $218,000 in a year, profit.’
While he turned home refurbishment into a profitable side business, Mr Assad was still selling display homes during the day.
The 31-year-old, who taught himself how to renovate by watching YouTube tutorials, bought his 12th house which he completely restored for just $20,000.
The property went under the hammer late last year, netting him a cool $94,000 profit.
Breathe Assad’s Tips for Beginners
Pay attention to high-demand areas in neighborhoods you know
Do not buy a home that you have or would like to keep an ’emotional bond’ with
Make contacts for trades on the go
Hire other people to do heavy physical work
Embrace your passions and be creative