[DEAL] Positive Cashflow + $300k PLUS equity growth in 21 months | Property Twins™
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In: Property Investors0

Client Background: Sarah and Damien were first time property investors. Sarah is an accountant and Damien is an engineer.

Where they were: They were looking to work towards building a strong foundation property portfolio with quality properties. They already owned their home and they had saved up a deposit for the first investment property (which they used tax effectively based on their accountant’s and Property Twins mortgage brokers advice).

What was important to them: They wanted to set themselves up for the future for their retirement and build a property portfolio with multiple properties.

 

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

Property Type: 3-bedroom house
Purchase Price: $430,500
Rent: $480 per week
Rental Yield: 5.80%
Vacancy Rate (Current): 0.30%
Cashflow: Positive

Current Value: $740,000
Capital Growth: $309,500 in 21 months (72% capital growth since purchase)

Metro / Regional: Metro, 23km / 30 minutes’ drive from the CBD
Renovation Required: No (Minor improvements required)

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)
  • Negotiated with the agent on the terms and put Sarah and Damien front of the queue. They did make use of a market when many others were fearful. This has paid off for them!

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