[Deal] $210k Growth in Less Than 12 Months + Positive Cashflow + Land Banking! | Property Twins™
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In: Property Investors0

Client Background & where he was: Rob is an IT professional who already owned an investment property when he first reached out to us. The first time he bought an investment Rob was sold a brand-new property and although it offered strong cashflow potential, there was no growth for a long time to come given the premium price for the property.

Rob was leaning towards a ‘newer’ property still, when the deal was presented to him. The block with 800+ sqm and offered future upside given the property location. The rental return was also strong offering positive cashflow position.

Location was a tick, avoided hazards / faults, great land component for future development.

The property was in high demand and there were 12 other offers on the property when we secured this for Rob. The key consideration was putting Rob in the box seat to secure the deal in a rising market.

Two weeks later we also secured the neighbouring block for Rob (numbers to be shared another time). Resulting in over 1400sqm!

What was important to him: The ultimate goal for Rob was to acquire sufficient property holding to enable cashflow in retirement.

 

Here is what he purchased as part of the Property Twins Buyers Agency

Property Type: 3-bedroom house
Purchase Price: $540,000
Rent: $460 per week
Rental Yield: 4.44%
Vacancy Rate (Current): 0.4%
Cashflow: Positive

Current Value: $750,000
Capital Growth: $210,000 in 13 months

Metro / Regional: Metro – 27.9 km / 29 minutes’ drive from the CBD
Renovation Required: No

Due Diligence Completed:

  • Leveraged qualitative & quantitative factors to determine location, type of property, cash flow and risk-based analysis to zero in on the right property.
  • Discarded lemon deals presenting hazards and high risk (avoiding key mistakes)
  • Putting Rob at the front of the queue negotiating terms & price with the agent in a high growth market

 


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