He’s a radiographer and base jumper…
Yep, I know, unusual combo.
When he first approached us at Dashdot, he already had some property experience.
But he needed help setting up for future purchases since he had maxed out his personal borrowing capacity.
His ultimate goal?
To transition into locum work, allowing him to travel and pursue his passion for base jumping.
Despite a little initial scepticism about how our data-driven methods would perform in light of the high interest rate environment…
…and “news” of a looming recession…
He decided to take a leap of faith and begin his property investment journey with us.
And here are the results:
Purchase Price: $475,000
Gross Yield: 5.6%
Cash required for purchase: $137,231
Months Since Purchase: 11
Jun 2023 Bank Valuation: $515,000
Total % Growth Since Purchase: 8.42%
Total $ Growth Since Purchase: $40,000
Return On Capital Invested: 33.81%
Purchase Price: $460,000
Gross Yield: 6.3%
Cash required for purchase: $137,981
Months Since Purchase: 2
Jun 2023 Bank Valuation: $470,000
Total % Growth Since Purchase: 2.17%
Total $ Growth Since Purchase: $10,000
Return On Capital Invested: 3.63%
It’s obviously still early days but I’m liking how the properties are shaping up.
And so does Josh.
But it wasn’t all smooth sailing.
Josh’s first tenant had lots of complaints and unreasonable requests for repair and maintenance!
And so our team collaborated with the Tenancy Resolution Centre to clear things up.
The result? We won the case.
Best news of all…
Josh is looking forward to closing his third property with us.
If you’re looking to embark on a similar journey, or simply want to explore the possibilities,
book a free, no-obligation session with us at: dashdot.com.au/discovery.