Have you ever thought about investing interstate but don’t know what to do, how to do it, or where to buy?
Well, that was the story for our client Liam, a first time investor, and entrepreneur from Western Australia. He had been stuck for some time, and finally decided to reach out to us for help (wise move), and subsequently made an absolutely supercharged leap in his wealth journey. Not only was this property heavily discounted due to vendor distress, we also negotiated for them to complete the required works to get the place up to tenantable standard including: Bathroom repairs, repainting and more.
Ever wondered if you can get cashflow, AND growth.. AND under market value?
Well, wonder no more.
Check out this deal we put together for our clients Hugo and Monica. This is the second property we have purchased for these guys in just 3 months, and perfectly met the needs of their growing portfolio. A deceased estate, we were able to navigate a very good initial purchase price, but after finding a few issues during the building and pest inspection, were able to knock another $10k of the total purchase cost – enough to cover repairs and a cosmetic renovation.
Whilst this was a tricky process due to navigating the bureaucracy of the state trustees department, we are all over the moon with the result, and the power this property will bring to the rest of the portfolio.
Some key property stats:
- Purchase Price: $220,000
- Gross Yield: 7.1%
- Cashflow: $3,945
- Cash required for purchase: $86,525
- Months since purchase: 25
- December 2021 Bank Valuation: $295,000
- Total % Growth Since Purchase: 34.1%
- Total $ Growth Since Purchase: $75,000
- Return On Capital Invested: 91.2%
That’s a win in anyone’s language.
”⭐⭐⭐⭐⭐ “Gabi and Goose have proved to be extremely passionate about providing a bespoke and highly personalised Buyers Agent service from initial introduction through to settlement. They take pride in undertaking an innovative style of property research that is directly targeting ‘The Buy Side’ of the market. Results, 2 properties settled in less than 3 months. What a great result”Hugo and Monica