This ADF Housing Investment Property Success Story is about forging...Read More
ADF Housing: Property Investment Success Story #8
Now, this is a little nugget of gold! This Army Medic came to us looking to get a piece of the property market.
Once she went through our coaching series she came out with the comprehensive ‘Buying Time’ Strategy and secured a property under EOI whilst she saved the remainder of her deposit.
That strategy has now put $75,000 in her back pocket to start planning for her next property. If this doesn’t get your Axons working, then how about the key handover timeframe?! There was a tenant secured 2 days after key handover from the builder. Not only that, they are paying $420pw – that’s $30pw over the previous rental estimate.
This Axon member is stoked! They now have a brand new IP whereby the tenant and the taxman pays it off. Easy money they said.
She keeps her RA and preserves her ADF housing entitlements to use later – what you’re seeing here is the outcome from the property we sourced and project-managed the build for her.
Investment Property Success Story Details:
- Purchase price: $451,500
- Date secured: 13 May 2020
- Settlement date: 10 September 2020
- Handover date: 4 March 2021
- Tenant found: 6 March 2021
- Rent return: $420pw ($390pw predicted at time of purchase)
- Holding cost: +$91pw Interest Only Loan
- Estimated current value: $525,000 (that’s $75,000 of EQUITY)