We are thrilled to introduce the first of of three...
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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, โ๐ฐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐ ๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐.’
Challenge accepted!
The result? “๐ป๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐ ๐ ๐๐๐๐๐๐๐๐. ๐ฐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐ด๐๐๐๐๐ ๐๐๐ ๐๐๐๐ 12 ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐ฐ ๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐ ๐จ๐๐๐๐๐.”
Without a doubt, getting a good result with oneโs 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, youโll be stuck in the mud for yearsโฆ
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 youโre 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 (๐ง๐จ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐ฅ๐๐ฒ๐ฌ)
* Expected rent at EOI: $520pw
* Actual rent: $580pw
* Estimated value now ~$750K (~$๐๐๐๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก)
The property is located in a small and boutique development in Brisbaneโs Northern Middle Ring. Check out the image we have provided, and youโll see the proximity to a train station, numerous schools and a shopping centre 19 km North of Brisbane CBD. We call this buying property โinside the wireโ.
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!
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