ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY OF RAAF MEMBER

We first met Luke and Anika in back Sept 2021. I’ll jump 🦘 straight to now and let you know a LOT has happened since our first meeting – let me take you on their journey…

 
Situation: They’re living in Brisbane, Luke was in the Army, with 15 years under his belt. He was attempting to transfer to the RAAF. Anika is a Registered Nurse, specialising in Midwifery. They’re married with no kids, yet ‘family planning’ is underway.

 
After watching our training videos, their ‘commander’s guidance’ to us was: 𝑂𝑣𝑒𝑟𝑎𝑙𝑙 𝑎𝑖𝑚 𝑖𝑠 𝑡𝑜 𝑏𝑢𝑖𝑙𝑑 𝑜𝑢𝑟 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑜𝑟𝑡𝑓𝑜𝑙𝑖𝑜 𝑤𝑖𝑡ℎ 𝑜𝑛𝑒/𝑡𝑤𝑜 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑖𝑒𝑠 𝑜𝑣𝑒𝑟 𝑡ℎ𝑒 𝑛𝑒𝑥𝑡 5-10 𝑦𝑒𝑎𝑟𝑠 𝑠𝑜 𝑡ℎ𝑎𝑡 𝑤𝑒 𝑐𝑎𝑛 ℎ𝑎𝑣𝑒 𝑎 𝑐𝑜𝑚𝑓𝑜𝑟𝑡𝑎𝑏𝑙𝑒 𝑟𝑒𝑡𝑖𝑟𝑒𝑚𝑒𝑛𝑡/𝑙𝑖𝑓𝑒. 𝐴𝑠𝑠𝑖𝑠𝑡 𝑢𝑠 𝑡𝑜 𝑏𝑢𝑖𝑙𝑑 𝑖𝑛 𝑡ℎ𝑒 𝑏𝑒𝑠𝑡 𝑙𝑜𝑐𝑎𝑡𝑖𝑜𝑛 𝑖𝑛 𝑆𝐸𝑄. 𝐴𝑠𝑠𝑖𝑠𝑡𝑎𝑛𝑐𝑒 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑜𝑓 𝑓𝑖𝑛𝑑𝑖𝑛𝑔 𝑡ℎ𝑒 𝑏𝑒𝑠𝑡 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑐𝑜𝑛𝑡𝑟𝑎𝑐𝑡𝑜𝑟, 𝑚𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝑏𝑟𝑜𝑘𝑒𝑟, 𝑎𝑛𝑑 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑡𝑜 𝑚𝑎𝑛𝑎𝑔𝑒 𝑜𝑢𝑟 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦.

Yep, we can help with all of that. 😊

As a DINK couple, their finances and borrowing capacity were solid. However, we needed to run the numbers as a ‘single income + 1 child’ scenario. Understandably, this changed things in a negative direction. ⬅️ Deb, the mortgage broker, provided some excellent guidance regarding Anika’s return-to-work options to fit banking policies.
With this in mind, we facilitated Luke and Anika placing an EOI on a land and build package in Nov 2021. The land was not due to register until Jan-Jun 2023.

In May 2022, we did a coaching session to sync and update everything. Anika was 🤰 pregnant and expecting their first child in Oct 2022. Luke had been successful in his service transfer, yet clarity on his first RAAF posting was still unknown.

 
𝐓𝐚𝐤𝐞 𝐚 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐢𝐬 𝐚𝐦𝐚𝐳𝐢𝐧𝐠 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞𝐬𝐞 𝐟𝐢𝐫𝐬𝐭-𝐭𝐢𝐦𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬:
* Purchase price: $634K (4/2/2 house, FULL turnkey)
* Land settlement: June 2023
* Key handover: December 2023
* Same land and build value now: ~$730K+ (most comparables for sale right now are $750K+)
* Rental income: $630pw

During our recent end-of-build coaching session, Luke, Anika and their daughter 👨‍👩‍👧 are very happily living in Melbourne. Here is their 5⭐ review:

𝑊𝑒 𝑎𝑟𝑒 𝑠𝑜 𝑔𝑟𝑎𝑡𝑒𝑓𝑢𝑙 𝑡𝑜 𝑅𝑜𝑏𝑏𝑖𝑒, 𝐽𝑎𝑚𝑒𝑠, 𝐹𝑟𝑎𝑛 𝑎𝑛𝑑 𝑡ℎ𝑒 𝑤ℎ𝑜𝑙𝑒 𝑒𝑥𝑡𝑒𝑛𝑑𝑒𝑑 𝐴𝑥𝑜𝑛 𝑡𝑒𝑎𝑚 (𝐷𝑒𝑏 𝑒𝑠𝑝𝑒𝑐𝑖𝑎𝑙𝑙𝑦!), 𝑤ℎ𝑜 𝑚𝑎𝑑𝑒 𝑜𝑢𝑟 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑡𝑜 𝑠𝑒𝑐𝑢𝑟𝑖𝑛𝑔 𝑜𝑢𝑟 𝑓𝑖𝑟𝑠𝑡 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑎 𝑠𝑒𝑎𝑚𝑙𝑒𝑠𝑠, 𝑒𝑛𝑗𝑜𝑦𝑎𝑏𝑙𝑒 𝑎𝑛𝑑 𝑠𝑡𝑟𝑒𝑠𝑠-𝑓𝑟𝑒𝑒 𝑒𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒! 𝐵𝑒𝑖𝑛𝑔 𝑐𝑎𝑟𝑒𝑑 𝑓𝑜𝑟 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑒𝑣𝑒𝑟𝑦 𝑠𝑡𝑒𝑝 𝑜𝑓 𝑡ℎ𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑏𝑦 𝑝𝑟𝑜𝑓𝑒𝑠𝑠𝑖𝑜𝑛𝑎𝑙𝑠 𝑤𝑖𝑡ℎ 𝑙𝑖𝑣𝑒𝑑 𝐷𝑒𝑓𝑒𝑛𝑐𝑒 𝑒𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒 𝑟𝑒𝑎𝑙𝑙𝑦 ℎ𝑒𝑙𝑝𝑠 𝑐𝑟𝑒𝑎𝑡𝑒 𝑎 𝑡𝑟𝑢𝑠𝑡𝑓𝑢𝑙 𝑟𝑎𝑝𝑝𝑜𝑟𝑡 𝑡ℎ𝑎𝑡 𝑚𝑎𝑘𝑒𝑠 𝑦𝑜𝑢 𝑓𝑒𝑒𝑙 𝑙𝑖𝑘𝑒 𝑓𝑎𝑚𝑖𝑙𝑦. 𝐸𝑣𝑒𝑟𝑦𝑡ℎ𝑖𝑛𝑔 𝑖𝑠 𝑡ℎ𝑜𝑢𝑔ℎ𝑡 𝑜𝑓, 𝑠𝑚𝑎𝑙𝑙 𝑎𝑛𝑑 𝑏𝑖𝑔 𝑎𝑐𝑡𝑠 𝑜𝑓 𝑠𝑢𝑝𝑝𝑜𝑟𝑡 𝑎𝑛𝑑 𝑘𝑖𝑛𝑑𝑛𝑒𝑠𝑠 – 𝑓𝑟𝑜𝑚 𝑙𝑎𝑛𝑑 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒 𝑎𝑙𝑙 𝑡ℎ𝑒 𝑤𝑎𝑦 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑡𝑜 𝑓𝑖𝑛𝑑𝑖𝑛𝑔 𝑡𝑒𝑛𝑎𝑛𝑡𝑠. 𝑂𝑢𝑟 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑠𝑝𝑎𝑛𝑛𝑒𝑑 𝑜𝑣𝑒𝑟 2 𝑦𝑒𝑎𝑟𝑠, 𝑎𝑛𝑑 𝑤𝑒 𝑤𝑒𝑟𝑒 𝑛𝑒𝑣𝑒𝑟 𝑓𝑜𝑟𝑔𝑜𝑡𝑡𝑒𝑛 𝑎𝑏𝑜𝑢𝑡 𝑜𝑟 𝑙𝑒𝑓𝑡 𝑖𝑛 𝑡ℎ𝑒 𝑑𝑎𝑟𝑘. 𝑊𝑒’𝑣𝑒 𝑙𝑒𝑎𝑟𝑛𝑡 𝑠𝑜 𝑚𝑢𝑐ℎ & 𝑛𝑒𝑣𝑒𝑟 𝑤𝑜𝑢𝑙𝑑 𝑏𝑒 𝑖𝑛 𝑡ℎ𝑖𝑠 𝑝𝑜𝑠𝑖𝑡𝑖𝑜𝑛 𝑡𝑜𝑑𝑎𝑦 (𝑒𝑠𝑝𝑒𝑐𝑖𝑎𝑙𝑙𝑦 𝑤ℎ𝑖𝑙𝑠𝑡 𝑛𝑎𝑣𝑖𝑔𝑎𝑡𝑖𝑛𝑔 𝑎 𝑛𝑒𝑤 𝑏𝑎𝑏𝑦 & 𝑚𝑎𝑡𝑒𝑟𝑛𝑖𝑡𝑦 𝑙𝑒𝑎𝑣𝑒 ) 𝑤𝑖𝑡ℎ𝑜𝑢𝑡 𝐴𝑥𝑜𝑛! 𝐶𝑎𝑛’𝑡 𝑤𝑎𝑖𝑡 𝑓𝑜𝑟 𝑟𝑜𝑢𝑛𝑑 2.

Yep, the planning for ‘round 2’ is underway. By that I mean property #2 and baby #2. I get a sense the exact steps of their IP#1 acquisition will be replicated…