Client Background: Isaac is a corporate professional. He purchased his first home a couple of years ago and was looking to start his investment property journey.
What was important to him:
The end goal was to work towards financial independence so he can pursue his personal goals & passion to start a business. Retirement alone wasn’t the focus, but more so the freedom to make choices.
His key goals for the property search were to:
- Spot property deals that gives him cash flow and capital growth
- Avoid expensive mistakes in property
- Learn the ropes so Isaac can rinse and repeat the process by putting his savings & equity to good use
Isaac bought a 3-bed house on a 600sqm block in South Australia. The property can be developed in the future. It’s located in a well-established owner-occupied suburb – close to a high-ranking school, minutes’ drive to a major shopping centre and a transportation hup with park & go complex, near bus and approx. 17.8km from Adelaide CBD.
Here is what he purchased as part of the Property Investors Academy
Rental Yield: 4.16%
Property Type: 3-bedroom house, 1 bath on 600+ sqm in South Australia
Purchase Price: $587,500
Rent: $470 per week
Vacancy Rate (Current): 0.3%
Strategy: Capital Growth
Current Value: $620,000
Capital Growth: $32,500 in 5 months
Metro / Regional: Metro, 17.8 km / 29 minutes’ drive from the CBD
Renovation Required: Can do a lift up and was rented as is
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)
To Get Started: Schedule A Chat with the Property Twins Team Join Our Exclusive Facebook Community of 6,000+ Property Investors: Property Addicts Australia Join our Exclusive Search & Select The Right Property in 90 Days 5-Day challenge
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