Client Background: Daniel is a corporate professional. Daniel owned a home and was looking to start with his first investment property.
Where they were & what was achieved: Daniel was overwhelmed with information overload and not getting very far with his property investment journey, missing out on getting into the market due to uncertainty and lack of clarity around his goals.
Daniel joined the Property Investors Academy. Within 60 days, Daniel was able to zero in on the purchase brief and strategy leveraging data and ‘human touch’ analysis to put ONLY 2 offers and BOTH being accepted in a rising market. He remotely purchased a 4 bed, 2 bath house on a 600sqm in South East Queensland.
Daniel went from a feeling of uncertainty and being overwhelmed before starting the process, to feeling educated, knowledgeable and empowered by the end. The feeling of having such knowledgeable, professional and empowering mentors to guide him and having his back was instrumental in being able to achieve my goal of purchasing a property so quickly.
Here is what they purchased as part of the Property Investors Academy
Property Type: 4-bedroom, 2 bath, 2 garage house on 600sqm in South East QLD
Purchase Price: $465,000
Rent: $430 per week
Rental Yield: 4.81%
Vacancy Rate (Current): 1.1%
Strategy: Capital Growth
Current Value: $550,000
Capital Growth: $85,000 in 12 months
Metro / Regional: Metro – 33.5 km / 32 minutes’ drive from the CBD
Renovation Required: No
Steps taken:
- 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)
- Building connections with real estate agents and asking the right questions to secure a quality purchase in a growth location.
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