Louise Shirvington

Who is Louise Shirvington?

I love property, I bought my first house when I was 23, and I’ve always pushed the envelope and been in as much good debt as I possibly can be. I buy properties at the lower end of the market whenever I can get a loan and do minor improvements to get a tenant asap with the plan to go back and do a renovation at a later date.

I live in Newcastle, NSW and my daughter is at Agriculture college so it’s just me and the dog at home. I have a property management business which i’ve run for 17 years. 

In the future The Churchyard Paterson will be my main source of income.  

What is your life goal with renovating?

Building generational wealth with perpetual passive income (which sounds really wanky, but I want to know that Tess will have her own income and never have to rely on a partner for money or accommodation) Years in property management watching women stay in awful situations because they can’t afford to leave has left its mark on me. 

Are you renovating for cash flow or wealth building or both?

For now I’m renovating for wealth building so that in the future there will be a passive income for myself and Tess. Tess may not be able to work full time so I want her to have a buffer.

What is your life goal with renovating?

Building generational wealth with perpetual passive income (which sounds really wanky, but I want to know that Tess will have her own income and never have to rely on a partner for money or accommodation) Years in property management watching women stay in awful situations because they can’t afford to leave has left its mark on me. 

Are you renovating for cash flow or wealth building or both?

For now I’m renovating for wealth building so that in the future there will be a passive income for myself and Tess. Tess may not be able to work full time so I want her to have a buffer.

Top Projects

What are the projects that you have completed since being with The School Of Renovating?

What is your life goal with renovating?

Building generational wealth with perpetual passive income (which sounds really wanky, but I want to know that Tess will have her own income and never have to rely on a partner for money or accommodation) Years in property management watching women stay in awful situations because they can’t afford to leave has left its mark on me. 

Are you renovating for cashflow or wealth building or both?

For now I’m renovating for wealth building so that in the future there will be a passive income for myself and Tess. Tess may not be able to work full time so I want her to have a buffer.

What is your secret sauce?

I always find a way and I find the funny side of most things.

Can you share one or more  element or hack used in your project that you really love?

With Lewis st, I’m renovating it with the type of tenant in mind – Young professionals with great incomes that want a particular lifestyle.

What are the projects that you have completed since being with The School Of Renovating?

19 Ivor st Telarah  – completed 2016 – tenanted

https://www.realestate.com.au/property/19-ivor-st-telarah-nsw-2320

Why did you join WW?

I lack discipline with design, I’ve learnt so much since joining.

What have been the your biggest takeaways from WW

That women are amazing!

Projects

36 Lewis st
Bought  $162000 (2003)

Sold /revalued $850000 before reno – aiming for 1.5m after reno

Profit/Uplift $  or income $

36 Lewis st – reno in progress

233 Bass Hwy in Tasmania – currently tenanted – plans for a future reno

76 Pratten st Warwick QLD – DA Approved for 2nd dwelling in the future – tenanted

The Churchyard Paterson – renovate the church plus 3 cottages for airbnb style accommodation with the back up plan of leasing them long term if needed

19 Beaumont st Islington – commercial property – tenanted