ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #81

Hold on for a long and bumpy, yet good, ride with this success story.

I actually met Ryan way back in 2015 when I was working in the previous property firm before we created Axon. By his own admission, the feeling with that company 🤔 was not right for him to get started in the property game. Fair enough.

 
Fast forward to Oct 2020, Ryan and Sarah watched our educational videos, and we commenced the coaching series inside the Axon arena.

 
Ryan is a RAEME officer, and Sarah is a very accomplished professional in her civilian workplace. They were undertaking the whole MWD(U) thing – Ryan in T’ville and Sarah in CBR. As a high-income DINK couple in their late 20s with no assets, something clicked – they needed to get started on proper wealth creation before other life events took priority. Enter Axon. 😊

In their own words:
𝑃𝑟𝑖𝑚𝑎𝑟𝑖𝑙𝑦, 𝑤𝑒 𝑤𝑜𝑢𝑙𝑑 𝑏𝑒 𝑠𝑒𝑒𝑘𝑖𝑛𝑔 𝑆𝑀𝐸 𝑎𝑑𝑣𝑖𝑐𝑒 𝑜𝑛 𝑎𝑟𝑒𝑎𝑠 𝑤𝑒 𝑠ℎ𝑜𝑢𝑙𝑑 𝑏𝑒 𝑙𝑜𝑜𝑘𝑖𝑛𝑔 𝑡𝑜 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒 𝑡𝑜 𝑚𝑎𝑥𝑖𝑚𝑖𝑠𝑒 𝑐𝑎𝑝𝑖𝑡𝑎𝑙 𝑔𝑟𝑜𝑤𝑡ℎ, 𝑎𝑠 𝑤𝑒𝑙𝑙 𝑎𝑠 𝑔𝑒𝑛𝑒𝑟𝑎𝑙 𝑔𝑢𝑖𝑑𝑎𝑛𝑐𝑒 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑡ℎ𝑒 𝑤ℎ𝑜𝑙𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑎𝑛𝑑 𝑎𝑐𝑐𝑒𝑠𝑠 𝑡𝑜 𝑦𝑜𝑢𝑟 𝑘𝑛𝑜𝑤𝑛 𝑎𝑛𝑑 𝑡𝑟𝑢𝑠𝑡𝑒𝑑 𝑎𝑐𝑐𝑜𝑢𝑛𝑡𝑎𝑛𝑡𝑠, 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑠𝑜𝑟𝑠, 𝑚𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝑏𝑟𝑜𝑘𝑒𝑟𝑠, 𝑏𝑢𝑖𝑙𝑑𝑒𝑟𝑠, 𝑒𝑡𝑐. 𝐴𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙𝑙𝑦, 𝑎𝑖𝑑𝑖𝑛𝑔 𝑢𝑠 𝑤𝑖𝑡ℎ 𝑠𝑒𝑡𝑡𝑖𝑛𝑔 𝑜𝑢𝑡 𝑎 𝑐𝑙𝑒𝑎𝑟 𝑝𝑎𝑡ℎ𝑤𝑎𝑦 𝑤𝑖𝑡ℎ 𝑚𝑖𝑙𝑒𝑠𝑡𝑜𝑛𝑒𝑠 𝑡𝑜 𝑡𝑟𝑎𝑐𝑘 𝑝𝑟𝑜𝑔𝑟𝑒𝑠𝑠 𝑤𝑖𝑙𝑙 𝑎𝑙𝑠𝑜 𝑎𝑖𝑑 𝑖𝑛 𝑜𝑢𝑟 𝑠𝑎𝑣𝑖𝑛𝑔𝑠 𝑎𝑛𝑑 𝑚𝑜𝑡𝑖𝑣𝑎𝑡𝑖𝑜𝑛 𝑡𝑜 𝑎𝑐𝑐𝑜𝑚𝑝𝑙𝑖𝑠ℎ 𝑜𝑢𝑟 𝑔𝑜𝑎𝑙𝑠 𝑎𝑠 𝑞𝑢𝑖𝑐𝑘𝑙𝑦 𝑎𝑠 𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒. 𝐵𝑒𝑖𝑛𝑔 𝑓𝑖𝑟𝑠𝑡-𝑡𝑖𝑚𝑒 𝑏𝑢𝑦𝑒𝑟𝑠, 𝑡ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑠𝑜𝑚𝑒 𝑠𝑖𝑔𝑛𝑖𝑓𝑖𝑐𝑎𝑛𝑡 𝑘𝑛𝑜𝑤𝑙𝑒𝑑𝑔𝑒 𝑔𝑎𝑝𝑠 𝑡ℎ𝑎𝑡 𝑤𝑒 𝑤𝑜𝑢𝑙𝑑 𝑠𝑒𝑒𝑘 𝑡𝑜 𝑓𝑖𝑙𝑙 𝑎𝑛𝑑 𝑠𝑡𝑟𝑒𝑛𝑔𝑡ℎ𝑒𝑛 𝑤𝑖𝑡ℎ 𝐴𝑥𝑜𝑛’𝑠 ℎ𝑒𝑙𝑝, 𝑎𝑠 𝑤𝑒𝑙𝑙 𝑎𝑠 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒 𝑜𝑢𝑟 𝑜𝑤𝑛 𝑒𝑑𝑢𝑐𝑎𝑡𝑖𝑜𝑛 𝑜𝑛 𝑡ℎ𝑒 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑚𝑎𝑟𝑘𝑒𝑡 𝑎𝑛𝑑 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔/𝑖𝑛𝑣𝑒𝑠𝑡𝑖𝑛𝑔 𝑝𝑟𝑜𝑐𝑒𝑠𝑠.

 
Summarised like a true, high-performing officer! Hahaha.

 
During the coaching series, we created a plan based on ‘delayed gratification’. They informed us they had the capacity to save >$4,000 per month. 👏 This was critical as their cash holdings were less than $20,000, and they had some consumer debt to clear… so a dedicated savings routine over the next 12+ months was the only way they could get started.

Fast-forward again to May 2021 – we found them an investment property that they could secure now and sit on until end-2022. The EOI was submitted, and Ryan and Sarah had a real focus to keep on top of their savings routine. 💥

𝐖𝐡𝐚𝐭 𝐲𝐨𝐮’𝐫𝐞 𝐬𝐞𝐞𝐢𝐧𝐠 𝐡𝐞𝐫𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐨𝐟 𝐈𝐏#𝟏. 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞𝐬𝐞 𝐬𝐭𝐚𝐭𝐬:
* Original Purchase price: $508K (400m2 block and 193m2 house, FULL turn-key)
* Revised Purchase price: $605K (Building price-rise…see notes below)
* Start of construction: March 2023
* Key handover: October 2023
* Same land and build value now: ~$700K+
* Rental income: $545pw

During the end of 2021 through to mid-2022, the building industry went through some VERY tough times. Every client got a price rise in some way, shape or form. To every client’s credit, they managed their emotions, and we all got through it. This builder did not go under; such is the way when we all band together.

 
If they threw in the towel, they 🚶🚶‍♀️ walked past $100K in capital growth. High-performing officers don’t act like that. Especially when they have a strong and confident partner supporting them!

 
Now in 2023, Ryan and Sarah are married and living in CBR together. They already have their finance approved for IP#2, which will start the build early in 2024. 🤩

What a ride…

Let us know what you think about this property and story!