This ADF Housing Investment Property Success Story is about forging...Read More
ADF Housing Investment Property: Success Story #17
You may have seen us showcase this ADF Housing Investment Property Success Story A LOT, but that’s because it’s the best example of an ADF couple using their housing entitlements and government grants to the best effect!
The Planning Process:
Our amazing clients, CJ and Sam, moved into their brand new home here in SEQLD. CJ is a senior dog handler in the RAAF and Sammy has been putting herself in harm’s way working in an ER Dept as Nurse.
It’s not their forever home… it was always intended to be a ‘lilypad’ house to get into the market and squeeze every dollar the ADF and Govt were handing out – how good!
After some coaching and mindset shifts, we agreed that it was time for them to do something for themselves.
Investment Property Success Story Details:
- Property: $513,500 (FULL turn-key, as you can see)
- HPAS: $11K (after tax)
- QLD FHOG: $15K
- HomeBuilder Grant: $25K
DHOAS Loan, approx $300pm onto the loan
- Current estimated value: ~$700K (that’s $185,000 of growth!)
When this Defence family gets posted in another 1-2 years, they’ll turn this lilypad home into an investment property. They will start reaping in 3 forms of income:
- ~$500pw rent
- Maintain DHOAS subsidy
- Start getting around $100pw in tax breaks
We are sitting down soon to map out when and how IP 2 will enter their lives… how exciting. Please let us know what you think of this story and reflect on how you can make it happen for yourself!