Client Background: Peter and Sam are a couple in their 30’s, with 2 children, based in Sydney.
Where they were: Peter and Sam were sold a brand-new property several years prior in a dead market. They had been sold tax benefits to buy this property that went nowhere. When Peter reached out to us, he was tired of property spruikers that are found everywhere these days and who try and sell them something for their benefits.
What was important to them: They wanted to build their property portfolio and were looking for proper guidance. They were looking to build financial security, early retirement and passive income.
Here is what they purchased as part of the Property Investors Academy
Property Type: 3-bedroom house
Purchase Price: $450,000
Rent: $410 per week
Rental Yield: 4.74%
Vacancy Rate (Current): 0.0%
Cashflow: Positive
Current Value: $534,000
Capital Growth: $84,000 in 11 months
Metro / Regional: Regional – 25.4 km / 32 minutes’ drive from the CBD
Renovation Required: No
Future Potential: Yes – can subdivide / further develop
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)
- Narrowed down on properties with an upside. Several properties were inspected and offers made in a busy market.
- Interstate purchase with remote data & fundamentals analysis. Offers were made post inspection.
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