ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #58

Jessica came to us in Sept 2021. She runs her own business as a civilian Physiotherapist that had a previous Defence connection. During her initial coaching, she stated to us, ‘𝑰 𝒘𝒂𝒏𝒕 𝒔𝒐𝒎𝒆𝒐𝒏𝒆 𝒕𝒐 𝒅𝒐 𝒕𝒉𝒆 𝒉𝒂𝒓𝒅 𝒘𝒐𝒓𝒌 𝒉𝒆𝒍𝒑𝒊𝒏𝒈 𝒎𝒆 𝒔𝒕𝒂𝒓𝒕 𝒕𝒐 𝒃𝒖𝒊𝒍𝒅 𝒂 𝒑𝒓𝒐𝒑𝒆𝒓𝒕𝒚 𝒑𝒐𝒓𝒕𝒇𝒐𝒍𝒊𝒐.’

Challenge accepted!

The result? “𝑻𝒉𝒆 𝒃𝒊𝒈𝒈𝒆𝒔𝒕 𝒕𝒉𝒊𝒏𝒈 𝒇𝒐𝒓 𝒎𝒆 𝒘𝒂𝒔 𝒅𝒆𝒇𝒊𝒏𝒊𝒕𝒆𝒍𝒚 𝒏𝒐𝒕 𝒉𝒂𝒗𝒊𝒏𝒈 𝒕𝒐 𝒅𝒐 𝒂𝒏𝒚𝒕𝒉𝒊𝒏𝒈. 𝑰 𝒔𝒊𝒈𝒏𝒆𝒅 𝒎𝒚 𝒎𝒐𝒓𝒕𝒈𝒂𝒈𝒆 𝒑𝒂𝒑𝒆𝒓𝒔 𝒐𝒏 𝒕𝒉𝒆 𝒑𝒍𝒂𝒏𝒆 𝒕𝒐 𝑴𝒆𝒙𝒊𝒄𝒐 𝒂𝒏𝒅 𝒕𝒉𝒆𝒏 12 𝒎𝒐𝒏𝒕𝒉𝒔 𝒍𝒂𝒕𝒆𝒓 𝒉𝒂𝒅 𝒕𝒉𝒆 𝒏𝒆𝒘 𝒕𝒆𝒏𝒂𝒏𝒕𝒔 𝒐𝒓𝒈𝒂𝒏𝒊𝒔𝒆𝒅 𝒃𝒚 𝒚𝒐𝒖 𝒈𝒖𝒚𝒔 𝒘𝒉𝒊𝒍𝒔𝒕 𝑰 𝒘𝒂𝒔 𝒐𝒖𝒕 𝒐𝒇 𝒄𝒐𝒎𝒎𝒔 𝒊𝒏 𝑨𝒇𝒓𝒊𝒄𝒂.”

Without a doubt, getting a good result with one’s first property is critical. Why? It provides the platform for a portfolio to grow and prosper over the coming years. If you stuff the first one up, you’ll be stuck in the mud for years…

Jessica came to us with a great money mindset and habits, all the while having a crack at being a business owner. No small feat, I can assure you.

What you’re seeing here is the outcome of her first brand-new investment property:
* Purchase price: $644K (FULL turn-key package)
* Site start: May 2022
* Key handover: Dec 2022 (𝐧𝐨 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐝𝐞𝐥𝐚𝐲𝐬)
* Expected rent at EOI: $520pw
* Actual rent: $580pw
* Estimated value now ~$750K (~$𝟏𝟎𝟎𝐊 𝐠𝐫𝐨𝐰𝐭𝐡)

The property is located in a small and boutique development in Brisbane’s Northern Middle Ring. Check out the image we have provided, and you’ll see the proximity to a train station, numerous schools and a shopping centre 19 km North of Brisbane CBD. We call this buying property ‘inside the wire’.

As you can imagine, Jessica is stoked with the outcome of ~$100K of capital growth and extra cash flow from the additional rental income. Between the tenant and taxman, this is a set-and-forget property for her. There is no question that we’ve provided Jessica the platform to grow her portfolio!