[Deal] $60k BELOW Market Value + Off Market Buy | Property Twins™
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In: Property Investors0

Client Background: Jen and Luke were first time property investors. They were renting in Sydney and wanting to start their property journey. They had spoken with friends living in Melbourne and hoped to get a property through personal recommendations. Though they realised that just chatting with friends about a “good area” to invest didn’t mean it was a relevant deal for their goals.

What was important to them: Jen and Luke wanted to build financial security for themselves and their family. Whilst they were happy to rent where they wanted to live, they wanted an asset growing and working for them. Their goal is to continue expanding their property portfolio.

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

Property Type: 4-bedroom, 2 bath, 2 car space house on 500sqm (South East QLD)
Purchase Price: $540,000
Rent: $495 per week
Rental Yield: 4.77%
Vacancy Rate (Current): 0.4%
Cashflow: Positive (note cashflow is often also a component of interest rates)

Current Value: $600,000 (whilst the markets have shifted they already made money going into the market)

Metro / Regional: Metro – 30.2 km / 30 minutes’ drive from the CBD
Renovation Required: Minor works & tidy up required

Due Diligence Completed:

  • Leveraged networks & existing relationship with the real estate agent to secure the listing off market and below market value
  • 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)

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