Client Background: Cindy and Ash are corporate professionals with no dependents on a family income around $300,000.
Where they were: When they joined the Property Investors Academy, Cindy & Ash had recently purchased their home. They wanted to quickly expand into at least 2 investment properties, which they purchased back-to-back. This is the second deal they purchased.
What was important to them: As they were planning to buy their first couple of investment properties, they wanted to make sure that they have covered all the bases to avoid buying a lemon. They were also assisted by the Property Twins Finance team to structure their finance correctly to set up their loans tax effectively.
Ultimately, what enabled them was the confidence to secure the property in a rising market above all other buyers.
Here is what they purchased as part of the Property Investors Academy
Property Type: 4-bedroom house, 2 bath, 2 car spaces in South East QLD
Purchase Price: $565,000
Market Rent: $510 per week
Rental Yield: 4.70%
Vacancy Rate (Current): 0.7%
Strategy: Capital Growth + Rental Demand at the time of the purchase
Current Value: $640,000
Capital Growth: $75,000 in 12 months
Metro / Regional: Metro – 29.2 km / 26 minutes’ drive from the CBD
Renovation Required: No
Due Diligence Completed:
- They benefited from the different tools available as part of the academy to short-listed properties.
- 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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