Success Story

ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #88

Chris and Erin first came to us back in Oct 2021. One of Axonโ€™s previous team members (Adam) sent them our way, which we are very grateful for. ๐Ÿฅฒ As you know, the Defence community is very small and everyone knows someoneโ€ฆ

Both serving in the Army, they were living in Sydney. Chris was providing expert signal capabilities at Holsworthy, and Erin was a weapon Clerk (on MAT Leave at the time). They had IP#1 already, a unit in Liverpool, which was Erinโ€™s own home from 2017. Chris had already commenced scoping ๐Ÿ”ญ for jobs to support his likely separation from the ADF. He said something like, I canโ€™t go back to normal Army after serving down here for the last few years. Yep, that sentiment certainly resonated with me! ๐Ÿซก


In their profile, they stated: ๐ด๐‘“๐‘ก๐‘’๐‘Ÿ ๐‘ค๐‘Ž๐‘ก๐‘โ„Ž๐‘–๐‘›๐‘” ๐‘กโ„Ž๐‘’ ๐‘ฃ๐‘–๐‘‘๐‘’๐‘œ๐‘ , ๐‘™๐‘–๐‘ ๐‘ก๐‘’๐‘›๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘ ๐‘œ๐‘š๐‘’ ๐‘œ๐‘“ ๐‘กโ„Ž๐‘’ ๐‘๐‘œ๐‘‘๐‘๐‘Ž๐‘ ๐‘ก๐‘ , ๐‘Ž๐‘›๐‘‘ ๐‘ก๐‘Ž๐‘™๐‘˜๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘…๐‘œ๐‘๐‘๐‘–๐‘’ ๐‘Ž๐‘›๐‘‘ ๐ด๐‘‘๐‘Ž๐‘š ๐‘‘๐‘ข๐‘Ÿ๐‘–๐‘›๐‘” ๐‘œ๐‘ข๐‘Ÿ 20-๐‘š๐‘–๐‘›๐‘ข๐‘ก๐‘’ ๐‘๐‘œ๐‘›๐‘›๐‘’๐‘๐‘ก๐‘–๐‘œ๐‘› ๐‘๐‘Ž๐‘™๐‘™, ๐‘ค๐‘’ ๐‘๐‘’๐‘™๐‘–๐‘’๐‘ฃ๐‘’ ๐ด๐‘‹๐‘‚๐‘ ๐‘๐‘Ž๐‘› ๐‘๐‘œ๐‘Ž๐‘โ„Ž ๐‘Ž๐‘›๐‘‘ ๐‘š๐‘’๐‘›๐‘ก๐‘œ๐‘Ÿ ๐‘ข๐‘  ๐‘–๐‘› ๐‘กโ„Ž๐‘’ ๐‘Ÿ๐‘–๐‘”โ„Ž๐‘ก ๐‘‘๐‘–๐‘Ÿ๐‘’๐‘๐‘ก๐‘–๐‘œ๐‘› ๐‘ก๐‘œ ๐‘ข๐‘›๐‘‘๐‘’๐‘Ÿ๐‘ ๐‘ก๐‘Ž๐‘›๐‘‘ ๐‘กโ„Ž๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘š๐‘Ž๐‘Ÿ๐‘˜๐‘’๐‘ก ๐‘–๐‘› ๐‘œ๐‘Ÿ๐‘‘๐‘’๐‘Ÿ ๐‘ก๐‘œ ๐‘๐‘ข๐‘–๐‘™๐‘‘ ๐‘Ž ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘๐‘œ๐‘Ÿ๐‘ก๐‘“๐‘œ๐‘™๐‘–๐‘œ ๐‘Ž๐‘›๐‘‘ ๐‘๐‘ข๐‘Ÿ๐‘โ„Ž๐‘Ž๐‘ ๐‘’ ๐‘œ๐‘ข๐‘Ÿ ๐‘“๐‘ข๐‘ก๐‘ข๐‘Ÿ๐‘’ โ„Ž๐‘œ๐‘š๐‘’.


๐‘‚๐‘ข๐‘Ÿ ๐‘๐‘œ๐‘›๐‘“๐‘–๐‘‘๐‘’๐‘›๐‘๐‘’ ๐‘”๐‘Ÿ๐‘’๐‘ค ๐‘Ž๐‘“๐‘ก๐‘’๐‘Ÿ ๐‘ ๐‘๐‘’๐‘Ž๐‘˜๐‘–๐‘›๐‘” ๐‘ค๐‘–๐‘กโ„Ž ๐‘…๐‘œ๐‘๐‘๐‘–๐‘’ ๐‘Ž๐‘›๐‘‘ ๐ด๐‘‘๐‘Ž๐‘š ๐‘Ž๐‘  ๐‘กโ„Ž๐‘’๐‘ฆ ๐‘ โ„Ž๐‘œ๐‘ค๐‘’๐‘‘ ๐‘กโ„Ž๐‘’๐‘–๐‘Ÿ ๐‘๐‘Ž๐‘ ๐‘ ๐‘–๐‘œ๐‘›, ๐‘’๐‘›๐‘’๐‘Ÿ๐‘”๐‘ฆ, ๐‘Ž๐‘›๐‘‘ ๐‘˜๐‘›๐‘œ๐‘ค๐‘™๐‘’๐‘‘๐‘”๐‘’ ๐‘–๐‘› โ„Ž๐‘’๐‘™๐‘๐‘–๐‘›๐‘” ๐‘ฃ๐‘’๐‘ก๐‘’๐‘Ÿ๐‘Ž๐‘›๐‘  ๐‘ ๐‘ก๐‘Ž๐‘Ÿ๐‘ก ๐‘กโ„Ž๐‘’๐‘–๐‘Ÿ ๐‘—๐‘œ๐‘ข๐‘Ÿ๐‘›๐‘’๐‘ฆ ๐‘–๐‘› ๐‘กโ„Ž๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘š๐‘Ž๐‘Ÿ๐‘˜๐‘’๐‘ก.


Chris and Erin had been excellent with their finances, managing cash flow for IP#1 and plenty of cash in the bank for the deposit and costs to acquire IP#2.

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๐“๐š๐ค๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ข๐ฌ ๐ก๐จ๐ฎ๐ฌ๐ž ๐š๐ง๐ ๐ญ๐ก๐ž ๐ฌ๐ญ๐š๐ญ๐ฌ:
* Purchase price: $657K (4/2/2 house, FULL turnkey)
* Land settlement: Sept 2022
* Key handover: Oct 2023 (this build did experience some delays with numerous trades)
* Same land and build value now: ~$750K
* Rental income: $610pw


Fast forward to now: Chris and Erin are living in Brisbane. Chris has successfully transitioned out of the ADF and is working ๐Ÿ‘จโ€๐Ÿ’ป in the same Technical Engineer sector (providing services back to Defence). Erin is still serving (for nowโ€ฆ)
The Liverpool unit has been sold, ๐Ÿ‘ถ baby #2 is underway, and they are house hunting for their own home. Brisbane will be home for the foreseeable future, so they may as well get settled properly.

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During our recent end-of-build coaching session they gave this 5โญ review:
๐‘€๐‘ฆ โ„Ž๐‘ข๐‘ ๐‘๐‘Ž๐‘›๐‘‘ ๐‘Ž๐‘›๐‘‘ ๐ผ ๐‘ ๐‘ก๐‘Ž๐‘Ÿ๐‘ก๐‘’๐‘‘ ๐‘œ๐‘ข๐‘Ÿ ๐‘—๐‘œ๐‘ข๐‘Ÿ๐‘›๐‘’๐‘ฆ ๐‘ค๐‘–๐‘กโ„Ž ๐ด๐‘ฅ๐‘œ๐‘› ๐‘–๐‘› ๐‘‚๐‘๐‘ก๐‘œ๐‘๐‘’๐‘Ÿ 2021. ๐‘Š๐‘’ โ„Ž๐‘Ž๐‘‘ ๐‘ ๐‘๐‘œ๐‘˜๐‘’๐‘› ๐‘ค๐‘–๐‘กโ„Ž ๐‘“๐‘Ÿ๐‘–๐‘’๐‘›๐‘‘๐‘  ๐‘คโ„Ž๐‘œ ๐‘’๐‘Ž๐‘โ„Ž โ„Ž๐‘Ž๐‘‘ ๐‘Ž ๐‘”๐‘Ÿ๐‘’๐‘Ž๐‘ก ๐‘’๐‘ฅ๐‘๐‘’๐‘Ÿ๐‘–๐‘’๐‘›๐‘๐‘’ ๐‘ค๐‘–๐‘กโ„Ž ๐‘กโ„Ž๐‘’ ๐‘๐‘œ๐‘š๐‘๐‘Ž๐‘›๐‘ฆ, ๐ด๐‘ฅ๐‘œ๐‘› ๐‘Ž๐‘ ๐‘ ๐‘–๐‘ ๐‘ก๐‘’๐‘‘ ๐‘œ๐‘ข๐‘Ÿ ๐‘“๐‘Ÿ๐‘–๐‘’๐‘›๐‘‘๐‘  ๐‘–๐‘› ๐‘๐‘ข๐‘Ÿ๐‘โ„Ž๐‘Ž๐‘ ๐‘–๐‘›๐‘” ๐‘กโ„Ž๐‘’๐‘–๐‘Ÿ ๐‘œ๐‘ค๐‘› ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ, ๐‘Ž๐‘›๐‘‘ ๐‘ค๐‘’ ๐‘ค๐‘Ž๐‘›๐‘ก๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘”๐‘–๐‘ฃ๐‘’ ๐‘กโ„Ž๐‘’ ๐‘๐‘œ๐‘š๐‘๐‘Ž๐‘›๐‘ฆ ๐‘Ž ๐‘”๐‘œ ๐‘“๐‘œ๐‘Ÿ ๐‘œ๐‘ข๐‘Ÿ๐‘ ๐‘’๐‘™๐‘ฃ๐‘’๐‘ . ๐‘Š๐‘’ ๐‘ค๐‘’๐‘Ÿ๐‘’ ๐‘“๐‘œ๐‘Ÿ๐‘ก๐‘ข๐‘›๐‘Ž๐‘ก๐‘’ ๐‘ก๐‘œ โ„Ž๐‘Ž๐‘ฃ๐‘’ ๐‘œ๐‘ข๐‘Ÿ ๐‘–๐‘›๐‘–๐‘ก๐‘–๐‘Ž๐‘™ ๐‘๐‘œ๐‘Ž๐‘โ„Ž๐‘–๐‘›๐‘” ๐‘๐‘Ž๐‘™๐‘™ ๐‘ค๐‘–๐‘กโ„Ž ๐‘…๐‘œ๐‘๐‘๐‘–๐‘’ (๐น๐‘œ๐‘ข๐‘›๐‘‘๐‘’๐‘Ÿ/๐ถ๐ธ๐‘‚), ๐‘คโ„Ž๐‘œ โ„Ž๐‘’๐‘™๐‘๐‘’๐‘‘ ๐‘ข๐‘  ๐‘ ๐‘’๐‘ก ๐‘”๐‘œ๐‘Ž๐‘™๐‘  ๐‘Ž๐‘›๐‘‘ ๐‘š๐‘Ž๐‘ ๐‘œ๐‘ข๐‘ก ๐‘Ž ๐‘๐‘’๐‘Ÿ๐‘ ๐‘œ๐‘›๐‘Ž๐‘™๐‘–๐‘ ๐‘’๐‘‘ ๐‘๐‘™๐‘Ž๐‘› ๐‘“๐‘œ๐‘Ÿ ๐‘œ๐‘ข๐‘Ÿ ๐‘“๐‘ข๐‘ก๐‘ข๐‘Ÿ๐‘’. ๐ด๐‘ฅ๐‘œ๐‘› ๐‘‘๐‘–๐‘‘ ๐‘š๐‘œ๐‘Ÿ๐‘’ ๐‘กโ„Ž๐‘Ž๐‘› ๐‘ก๐‘Ž๐‘˜๐‘’ ๐‘โ„Ž๐‘Ž๐‘Ÿ๐‘”๐‘’ ๐‘œ๐‘“ ๐‘กโ„Ž๐‘’ ๐‘’๐‘›๐‘ก๐‘–๐‘Ÿ๐‘’ ๐‘™๐‘’๐‘›๐‘‘๐‘–๐‘›๐‘”/๐‘๐‘ข๐‘Ÿ๐‘โ„Ž๐‘Ž๐‘ ๐‘’/๐‘๐‘ข๐‘–๐‘™๐‘‘/๐‘ก๐‘’๐‘›๐‘Ž๐‘›๐‘๐‘ฆ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘ ๐‘  ๐‘“๐‘œ๐‘Ÿ ๐‘ข๐‘ . ๐‘‡โ„Ž๐‘’๐‘ฆ ๐‘๐‘Ÿ๐‘œ๐‘ฃ๐‘–๐‘‘๐‘’๐‘‘ ๐‘ข๐‘  ๐‘ค๐‘–๐‘กโ„Ž ๐‘Ÿ๐‘’๐‘ ๐‘œ๐‘ข๐‘Ÿ๐‘๐‘’๐‘  ๐‘ค๐‘’ ๐‘๐‘œ๐‘ข๐‘™๐‘‘ ๐‘Ÿ๐‘’๐‘Ž๐‘‘ ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘ก๐‘œ ๐‘’๐‘‘๐‘ข๐‘๐‘Ž๐‘ก๐‘’ ๐‘œ๐‘ข๐‘Ÿ๐‘ ๐‘’๐‘™๐‘ฃ๐‘’๐‘  ๐‘Ž๐‘™๐‘œ๐‘›๐‘” ๐‘กโ„Ž๐‘’ ๐‘ค๐‘Ž๐‘ฆ ๐‘Ž๐‘›๐‘‘ ๐‘ ๐‘โ„Ž๐‘’๐‘‘๐‘ข๐‘™๐‘’๐‘‘ ๐‘š๐‘’๐‘’๐‘ก๐‘–๐‘›๐‘”๐‘  ๐‘ค๐‘–๐‘กโ„Ž ๐‘ข๐‘  ๐‘Ž๐‘ก ๐‘˜๐‘’๐‘ฆ ๐‘๐‘œ๐‘–๐‘›๐‘ก๐‘  ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž๐‘œ๐‘ข๐‘ก ๐‘กโ„Ž๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘ ๐‘ .


๐ท๐‘Ž๐‘ฃ๐‘’ (๐‘ƒ๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘†๐‘๐‘’๐‘๐‘–๐‘Ž๐‘™๐‘–๐‘ ๐‘ก) ๐‘Ž๐‘›๐‘‘ ๐ถ๐‘Ž๐‘–๐‘ก๐‘™๐‘–๐‘› (๐ต๐‘ข๐‘–๐‘™๐‘‘ ๐‘†๐‘ข๐‘๐‘๐‘œ๐‘Ÿ๐‘ก ๐‘‡๐‘’๐‘Ž๐‘š) ๐‘กโ„Ž๐‘’๐‘› โ„Ž๐‘’๐‘™๐‘๐‘’๐‘‘ ๐‘ข๐‘  ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘กโ„Ž๐‘’ ๐‘’๐‘›๐‘ก๐‘–๐‘Ÿ๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘ ๐‘  ๐‘œ๐‘“ ๐‘ ๐‘’๐‘๐‘ข๐‘Ÿ๐‘–๐‘›๐‘” ๐‘™๐‘Ž๐‘›๐‘‘, ๐‘™๐‘’๐‘”๐‘Ž๐‘™๐‘–๐‘ก๐‘–๐‘’๐‘ , ๐‘๐‘Ž๐‘›๐‘˜๐‘–๐‘›๐‘” ๐‘Ž๐‘›๐‘‘ ๐‘กโ„Ž๐‘’ ๐‘๐‘ข๐‘–๐‘™๐‘‘๐‘–๐‘›๐‘” ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘ ๐‘ . ๐น๐‘–๐‘›๐‘Ž๐‘™๐‘™๐‘ฆ, ๐‘ค๐‘’ ๐‘ค๐‘’๐‘Ÿ๐‘’ ๐‘๐‘œ๐‘›๐‘›๐‘’๐‘๐‘ก๐‘’๐‘‘
๐‘ค๐‘–๐‘กโ„Ž ๐‘Ž ๐‘ก๐‘Ÿ๐‘ข๐‘ ๐‘ก๐‘ค๐‘œ๐‘Ÿ๐‘กโ„Ž๐‘ฆ ๐‘…๐‘’๐‘Ž๐‘™ ๐ธ๐‘ ๐‘ก๐‘Ž๐‘ก๐‘’ ๐‘ก๐‘œ ๐‘š๐‘Ž๐‘›๐‘Ž๐‘”๐‘’ ๐‘œ๐‘ข๐‘Ÿ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘Ž๐‘›๐‘‘ ๐‘“๐‘–๐‘›๐‘‘ ๐‘ข๐‘  ๐‘กโ„Ž๐‘’ ๐‘Ÿ๐‘–๐‘”โ„Ž๐‘ก ๐‘ก๐‘’๐‘›๐‘Ž๐‘›๐‘ก. ๐‘‡โ„Ž๐‘’ ๐‘’๐‘›๐‘ก๐‘–๐‘Ÿ๐‘’ ๐ด๐‘ฅ๐‘œ๐‘› ๐‘‡๐‘’๐‘Ž๐‘š ๐‘ค๐‘’๐‘Ÿ๐‘’ ๐‘Ž ๐‘๐‘™๐‘’๐‘Ž๐‘ ๐‘ข๐‘Ÿ๐‘’ ๐‘ก๐‘œ ๐‘‘๐‘’๐‘Ž๐‘™ ๐‘ค๐‘–๐‘กโ„Ž ๐‘Ž๐‘›๐‘‘ ๐‘ก๐‘Ÿ๐‘ข๐‘™๐‘ฆ ๐‘š๐‘Ž๐‘‘๐‘’ ๐‘กโ„Ž๐‘’ ๐‘‘๐‘’๐‘๐‘–๐‘ ๐‘–๐‘œ๐‘› ๐‘ก๐‘œ ๐‘๐‘ข๐‘–๐‘™๐‘‘ ๐‘Ž๐‘› ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘ ๐‘–๐‘š๐‘๐‘™๐‘’ ๐‘Ž๐‘›๐‘‘ ๐‘ ๐‘’๐‘Ž๐‘š๐‘™๐‘’๐‘ ๐‘ . ๐ผ ๐‘ค๐‘œ๐‘ข๐‘™๐‘‘ ๐‘๐‘’๐‘Ÿ๐‘ก๐‘Ž๐‘–๐‘›๐‘™๐‘ฆ ๐‘Ÿ๐‘’๐‘๐‘œ๐‘š๐‘š๐‘’๐‘›๐‘‘ ๐‘กโ„Ž๐‘’ ๐‘ ๐‘’๐‘Ÿ๐‘ฃ๐‘–๐‘๐‘’๐‘  ๐‘œ๐‘“ ๐ด๐‘ฅ๐‘œ๐‘› ๐‘ก๐‘œ ๐‘Ž๐‘›๐‘ฆ ๐ด๐ท๐น ๐‘š๐‘’๐‘š๐‘๐‘’๐‘Ÿ ๐‘™๐‘œ๐‘œ๐‘˜๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘’๐‘›๐‘ก๐‘’๐‘Ÿ ๐‘กโ„Ž๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘š๐‘Ž๐‘Ÿ๐‘˜๐‘’๐‘ก ๐‘œ๐‘Ÿ ๐‘๐‘œ๐‘›๐‘ก๐‘–๐‘›๐‘ข๐‘’ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘–๐‘›๐‘”.


The future is certainly bright for this wonderful Defence couple. ๐ŸŒž