We are thrilled to introduce the first of of three...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #71
This is a heartwarming success story that everyone will really relate to!
We first met Mr C in July 2021. He was a single RAAF officer posted to Washington, DC, conducting advanced training for future capabilities. He had been very diligent with his money habits, so he had more than enough funds ready for a deposit and costs on his first property. During the coaching series, we explored 2 x COAs: buy his own home; or his first investment property. The conclusion to that cycle ended up being the latter.
Regardless of the COA we adopted, a non-negotiable end state was to achieve one of Mr C’s stated goals: 𝘛𝘩𝘦 𝘱𝘶𝘳𝘱𝘰𝘴𝘦 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘰 𝘣𝘦 𝘢𝘣𝘭𝘦 𝘵𝘰 𝘴𝘱𝘦𝘯𝘥 𝘵𝘪𝘮𝘦 𝘸𝘪𝘵𝘩 𝘮𝘺 𝘧𝘶𝘵𝘶𝘳𝘦 𝘴𝘱𝘰𝘶𝘴𝘦 𝘢𝘯𝘥 𝘤𝘩𝘪𝘭𝘥𝘳𝘦𝘯. 😊
What you’re seeing here is the outcome of Mr C’s brand-new investment property. 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲𝘀𝗲 𝘀𝘁𝗮𝘁𝘀:
* Purchase price: $612K (350m2 block and 196m2 house, FULL turn-key)
* Land settlement: June 2022
* Key handover: April 2023 (incl 61 days of build delays)
* Same land and build value now: ~$750K!!
* Rental income: $650pw
The property is located in a massive master-planned estate in SEQLD. It’s within a short walk to a new school and child care facility, plenty of 🌲 parklands, and a 2-min drive to a large, brand new shopping centre.
During the recent end-of-build coaching session, I was greeted on the Zoom screen by 2 people. Much to my delight, Mr C introduced his new wife, Mrs E. To say there was 😍 beaming happiness coming through the screen is an understatement!
Whilst discussing the great performance of IP#1, of course, I had to mention to Mrs E the previously stated goal of Mr C… needless to say, she was thrilled that it ended up being her that Mr C was referring to in his goals.
Looking ahead, once Mrs E consolidates her current employment, they will be in a position to expand their portfolio and work towards newly created goals.
This whole situation has resonated through Axon HQ – everyone loves the serendipity of what Mr C put out there a few years ago. 😀