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ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #76
This is a success story that has many layers of complexity that most of you will really relate to!
M&V are a double-defence couple posted to RAAF AMB in Brisbane. After watching our educational videos, they came to us in March 2021. They needed guidance on all things money management and proven strategies to follow. ๐ค
In their own words, ๐๐น๐ฐ๐ฏ ๐ค๐ข๐ฏ ๐ฉ๐ฆ๐ญ๐ฑ ๐ถ๐ด ๐ฃ๐บ ๐ฆ๐น๐ฑ๐ข๐ฏ๐ฅ๐ช๐ฏ๐จ ๐ฐ๐ฏ ๐ฐ๐ถ๐ณ ๐ฐ๐ธ๐ฏ ๐ณ๐ฆ๐ด๐ฆ๐ข๐ณ๐ค๐ฉ ๐ต๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐บ๐ฆ๐ข๐ณ๐ด ๐ฐ๐ง ๐ฌ๐ฏ๐ฐ๐ธ๐ญ๐ฆ๐ฅ๐จ๐ฆ ๐ข๐ฏ๐ฅ ๐ฆ๐น๐ฑ๐ฆ๐ณ๐ช๐ฆ๐ฏ๐ค๐ฆ๐ด ๐ณ๐ฆ๐จ๐ข๐ณ๐ฅ๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ ๐ฃ๐ถ๐บ๐ช๐ฏ๐จ/๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ช๐ฏ๐จ, ๐ฑ๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ข๐ณ๐ญ๐บ ๐ณ๐ฆ๐ญ๐ข๐ต๐ช๐ฏ๐จ ๐ต๐ฐ ๐๐๐ ๐ฆ๐ฏ๐ต๐ช๐ต๐ญ๐ฆ๐ฎ๐ฆ๐ฏ๐ต๐ด. Yep, that sums up what we specialise in!
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During the coaching series, we created a plan based on โdelayed gratificationโ. They informed us they had the capacity to save >$4,000 per month. This was critical as their cash holdings were less than $10,000, and they had some consumer debt to clearโฆ so a dedicated savings routine over the next 12+ months ๐ was the only way they could get started.
Fast-forward to October 2021 – we found them an investment property they could secure now and sit on it until mid-2022. The EOI was submitted, and now M&V had a real focus to keep on top of their savings routine. LFG!
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What youโre seeing here is the outcome of IP#1. ๐๐ต๐ฒ๐ฐ๐ธ ๐ผ๐๐ ๐๐ต๐ฒ๐๐ฒ ๐๐๐ฎ๐๐:
* Purchase price: $553K (280m2 block and 168m2 house, FULL turn-key)
* Start of construction: June 2022
* Key handover: March 2023 (yes, they experienced some delays in the build)
* Same land and build value now: ~$700K+
* Rental income: $620pw
The property is located in a massive master-planned community of SEQLD, with many years of sustained and low-risk capital growth to come. Many of you would scoff ๐ at such a small house and land size. However, this reinforces the concept that the LOCATION you choose always trumps the size of the property, especially when working within a tight budget.
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During the build, M&V were often in different locations, including V being deployed ๐ซ for many months. Without Axon playing โCaptain Fullbackโ for them, their ability to complete the build would have been almost impossible. The business model is based on this scenario.
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After our coaching session a couple of weeks ago, M&V sent me this SMS: ๐๐ฆ ๐ด๐ต๐ข๐บ๐ฆ๐ฅ ๐ค๐ฉ๐ข๐ต๐ต๐ช๐ฏ๐จ ๐ง๐ฐ๐ณ ๐ข ๐ฃ๐ช๐ต ๐ข๐ฃ๐ฐ๐ถ๐ต ๐ฉ๐ฐ๐ธ ๐ต๐ฉ๐ข๐ฏ๐ฌ๐ง๐ถ๐ญ ๐ธ๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ง๐ฐ๐ณ ๐ต๐ข๐ฌ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ญ๐ฆ๐ข๐ฑ ๐ธ๐ช๐ต๐ฉ ๐๐น๐ฐ๐ฏ. ๐๐ฐ๐ฐ๐ฌ๐ช๐ฏ๐จ ๐ฃ๐ข๐ค๐ฌ, ๐ธ๐ฆ ๐ค๐ข๐ฏโ๐ต ๐ฃ๐ฆ๐ญ๐ช๐ฆ๐ท๐ฆ ๐ธ๐ฆ ๐ฆ๐ท๐ฆ๐ณ ๐ฉ๐ฆ๐ด๐ช๐ต๐ข๐ต๐ฆ๐ฅ! ๐๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ฐ๐ฏ ๐ด๐ถ๐ค๐ฉ ๐ข ๐ฉ๐ช๐จ๐ฉ ๐ญ๐ข๐ด๐ต ๐ฏ๐ช๐จ๐ฉ๐ต ๐ช๐ต ๐ต๐ฐ๐ฐ๐ฌ ๐ถ๐ด ๐ข ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ต๐ฐ ๐ธ๐ช๐ฏ๐ฅ ๐ฅ๐ฐ๐ธ๐ฏ ๐ข๐ฏ๐ฅ ๐จ๐ฆ๐ต ๐ต๐ฐ ๐ด๐ญ๐ฆ๐ฆ๐ฑ. ๐๐ฆ ๐ค๐ข๐ฏ๐ฏ๐ฐ๐ต ๐ธ๐ข๐ช๐ต ๐ต๐ฐ ๐ณ๐ฆ๐ด๐ต๐ข๐ณ๐ต ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ค๐ฆ๐ด๐ด ๐ข๐ญ๐ญ ๐ฐ๐ท๐ฆ๐ณ ๐ข๐จ๐ข๐ช๐ฏ!
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Needless to say, they are on the verge of submitting another EOI to acquire another investment property as they both head to Sydney to further their budding careers. ๐ฅ
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