A young and professional couple was looking around for the right advice on what to buy first and moving on to scale their portfolio without getting stuck on servicing issues so they would be able to build massive passive income while working 9 to 5.
After conducting their own research and comparing a few buyers’ agents, they found no one was clear on how they could keep buying investment property with the right strategy and data-driven approach.
Luckily, they have been provided a reference from a friend to contact cashflow properties.
The team has scheduled a one-on-one meeting with Bharat, and the client was very confident as soon as they met him.
We prepared a detailed strategy with a proper action plan to embark on their journey.
Our fundamental strategy remains the same: to buy property “under market value with up-side growth and rental needs to meet most of the property expenses.”
It was a set-and-forget approach once the client settled on the property.
Within a few weeks after signing the buyer’s agency agreement, Bharat secured a hugely undervalued property of only $ 288,000. It has 4 bedrooms, a near-new kitchen, and dual living areas on 645 m2 of land. Another $2,500 has been negotiated after the build and pest report for the client.
After a successful settlement, it was rented for $460 a week.
We were then looking for the second property immediately for a client. This time we have targeted different areas with the same approach.
The second property was purchased for only $372,000. It has 3 bedrooms and 1 bath on 660 m2 of land. It also has 3 beds and 1 bath and is located next to the hot spot growth corridor for the Hugh Hospital development project.
Our intention is to buy at the beginning of this project so client property will get maximum appreciation at the end of the new project.
We have revalued the first two investment properties and extracted $80,000 in equity from both properties in 8 months’ time.
After having $80,000 in property equity, we helped the client secure a third property.
It was secured for only $260,000. It has 3 beds and 1 bath on xx m2 of land. This property is a huge under market and rebuilt valued property.
Together, the couple has acquired three investment properties in nine months with $80,000 in equity.
We listen, understand client requirements and circumstances, and believe in action accordingly.