Chris and Erin first came to us back in Oct...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #86
Let’s discuss getting ourselves out of the “30 Year Mortgage Trap”. What an inspiring story of a couple changing their future through taking action in the right way. Chris and Marney came to us firmly in the “Death Pledge” of a mortgage on their own home, nugging away to save their dollars to get ahead. Whilst they had exceptional money habits, they had acquired their own home in a market that was not providing them with the growth needed to create a portfolio.
Chris and Marney are a double-Defence couple with a keen desire to take their maiden voyage into investing. This Navy couple commenced their journey with one of our coaches, Luke, where they were blown away by the clarity provided through the planning process. After their first session, they started to find their sea legs and were keen to get this ship in the water. It was clear how Axon was going to support these two.
With a plan, our strategy and the clarity we needed to ensure a safe acquisition, the Property Specialist went on the hunt to find the right property for Chris and Marney’s portfolio. They identified a property smack bang in the middle of a rapidly expanding area in South East Queensland, rich with the ‘Seven Ingredients to a Healthy Property Market’.
𝐓𝐚𝐤𝐞 𝐚 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐢𝐬 𝐚𝐦𝐚𝐳𝐢𝐧𝐠 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞𝐬𝐞 𝐟𝐢𝐫𝐬𝐭-𝐭𝐢𝐦𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬:
* Purchase price: $662K (4/2/2 house, FULL turnkey)
* Land settlement: May 2023
* Key handover: December 2023
* Same land and build value now: ~$690-700K (the photos will show you the quality)
* Rental income: $570pw
This amazing couple now have an established portfolio, and they are well on the way to curing the ’30-year mortgage trap’. Take a look at what they said about their journey and the results they have achieved…
“𝑂𝑢𝑟 𝑒𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒 𝑤𝑖𝑡ℎ 𝐴𝑥𝑜𝑛 𝑡ℎ𝑟𝑜𝑢𝑔ℎ𝑜𝑢𝑡 𝑡ℎ𝑒 𝑤ℎ𝑜𝑙𝑒 𝑏𝑢𝑖𝑙𝑑 𝑤𝑎𝑠 𝑓𝑖𝑟𝑠𝑡 𝑐𝑙𝑎𝑠𝑠. 𝑊𝑒 ℎ𝑎𝑑 𝑜𝑢𝑟 𝑟𝑒𝑠𝑒𝑟𝑣𝑎𝑡𝑖𝑜𝑛𝑠 𝑎𝑡 𝑓𝑖𝑟𝑠𝑡 (𝑎𝑠 𝑦𝑜𝑢 𝑑𝑜), 𝑏𝑢𝑡 𝑡ℎ𝑒𝑠𝑒 𝑟𝑒𝑠𝑒𝑟𝑣𝑎𝑡𝑖𝑜𝑛𝑠 𝑤𝑒𝑟𝑒 𝑞𝑢𝑖𝑐𝑘𝑙𝑦 𝑝𝑢𝑡 𝑡𝑜 𝑏𝑒𝑑 𝑎𝑠 𝑠𝑜𝑜𝑛 𝑎𝑠 𝑤𝑒 ℎ𝑎𝑑 𝑜𝑢𝑟 𝑓𝑖𝑟𝑠𝑡 𝑧𝑜𝑜𝑚 𝑐𝑎𝑙𝑙 𝑤𝑖𝑡ℎ 𝑜𝑢𝑟 𝑐𝑜𝑎𝑐ℎ, 𝐿𝑢𝑘𝑒. 𝐹𝑟𝑜𝑚 𝑡ℎ𝑒𝑛 𝑜𝑛, 𝑡ℎ𝑒 𝑤ℎ𝑜𝑙𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑤𝑎𝑠 𝑎 𝑏𝑟𝑒𝑒𝑧𝑒. 𝑂𝑢𝑟 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑒𝑥𝑝𝑒𝑟𝑡, 𝐽𝑎𝑚𝑒𝑠 𝑤𝑎𝑠 𝑎 𝑤𝑒𝑎𝑙𝑡ℎ 𝑜𝑓 𝑘𝑛𝑜𝑤𝑙𝑒𝑑𝑔𝑒 𝑎𝑛𝑑 𝑝𝑢𝑡 𝑢𝑠 𝑜𝑛 𝑡ℎ𝑒 𝑟𝑖𝑔ℎ𝑡 𝑝𝑎𝑡ℎ 𝑡𝑜 ℎ𝑒𝑙𝑝𝑖𝑛𝑔 𝑢𝑠 𝑐ℎ𝑜𝑜𝑠𝑒 𝑜𝑢𝑟 𝑙𝑜𝑐𝑎𝑡𝑖𝑜𝑛 𝑎𝑛𝑑 ℎ𝑜𝑚𝑒 𝑎𝑛𝑑 𝐶𝑎𝑖𝑡𝑙𝑖𝑛 𝑎𝑛𝑑 𝑡ℎ𝑒 𝑔𝑖𝑟𝑙𝑠 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑏𝑢𝑖𝑙𝑑 𝑠𝑢𝑝𝑝𝑜𝑟𝑡 𝑡𝑒𝑎𝑚 𝑚𝑎𝑑𝑒 𝑡ℎ𝑒 𝑤ℎ𝑜𝑙𝑒 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑝𝑎𝑖𝑛 𝑎𝑛𝑑 𝑠𝑡𝑟𝑒𝑠𝑠-𝑓𝑟𝑒𝑒.
𝐼 𝑐𝑎𝑛𝑛𝑜𝑡 𝑟𝑒𝑐𝑜𝑚𝑚𝑒𝑛𝑑 𝐴𝑥𝑜𝑛 𝑎𝑛𝑑 𝑡ℎ𝑒𝑖𝑟 𝑡𝑒𝑎𝑚 ℎ𝑖𝑔ℎ𝑙𝑦 𝑒𝑛𝑜𝑢𝑔ℎ. 𝑊𝑒 𝑎𝑟𝑒 𝑜𝑣𝑒𝑟 𝑡ℎ𝑒 𝑚𝑜𝑜𝑛 𝑤𝑖𝑡ℎ 𝑜𝑢𝑟 𝑓𝑖𝑟𝑠𝑡 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦, 𝑎𝑛𝑑 𝑤𝑒 𝑤𝑖𝑙𝑙 𝑏𝑒 𝑔𝑜𝑖𝑛𝑔 𝑏𝑎𝑐𝑘 𝑡𝑜 𝑡ℎ𝑒𝑠𝑒 𝑔𝑢𝑦𝑠 𝑓𝑜𝑟 𝑚𝑜𝑟𝑒.”
Luke and the team cannot wait to see where the future takes these absolute rockstars of the Axon family.