Success Story IP#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 (Watch our FREE ADF Housing Entitlement Training for more info) 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.
- 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)