Many believe that time is money. The more time you spend working, the more money you’ll make… And the more you’ll be able to afford the good things of life! This is true… but only up to an extent. The reality is that you can work 24/7 and still lack financially. This was the situation that one of our clients, Jimmy, found himself in.
Married with 2 kids, Jimmy is a workaholic. Like other self-made, self-employed people, he believed hard work equals more money. So, he worked 70-80 hours each week. But he soon discovered that working hard doesn’t make you wealthy… Working smart does! He realised that he needed a passive stream of income to make the type of money he desired. In turn, this would free up his schedule so he could spend more time with friends and family… End all his money worries…And help him retire early.
Luckily, he ran into us. And during our chat, he told us he wanted to build a portfolio of properties. To be precise, he wanted a set-and-forget-it stream of income. With that in mind, we got to work. And soon, we found the perfect property for his profile. We then negotiated on his behalf and were able to acquire it.
Today, that property is doing amazing. It has increased in value by $62,000 and a return of 91.5%.
Do you know what else that means?
He’s almost regained all the money he put into the house… And the property is going to keep making him more money in the future!
Here are the full results of the property:
- Purchase Price: $220,000
- Gross Yield: 7.0%
- Cashflow: $5,401
- Cash required for purchase: $73,684
- Months Since Purchase: 19
- December 2021 Comm Bank Valuation: $282,000
- Total % Growth Since Purchase: 28.2%
- Total $ Growth Since Purchase: $62,000
- Return On Capital Invested: 91.5%
”I couldn’t recommend Goose and Gabi and the rest of the team there at Dashdot Enough! Over the last few months, they not only helped us secure our first investment property but also were readily available to answer all my questions and guide me through the process pre and post-purchase. We came to Dashdot with a budget and a timeline, and they were able to deliver above and beyond. With so much knowledge of the market, a very methodical process, and an extremely genuine approach, I always felt 100% secure and reassured that I was in the best hands! We signed up in December of 2019 hoping to buy in 4 weeks but little did we know it would take us months to buy one. It was mainly because we were confused and would not make a decision but Goose was patient all along the way and I have personally learned a lot on this journey and am very pleased with the results we have achieved. Looking forward to growing my portfolio with the team, and working alongside Dashdot for years to come!Jimmy & ShubhiDashdot - Goose was a delight to work with!!