It’s extremely frustrating to run around pillar to post to secure your first investment property. This was the case with our investor Mr & Mrs Shah. They are experienced working professionals and busy with their kids.
It all started with a discovery session to identify their financial goals and dreams. During which we figured Mr. & Mrs. Shah recently relocated from overseas to South Australia and bought their first family home in Adelaide.
Mr & Mrs Shah wanted to start their investment journey but were hesitant due to consistent interest rate hikes.
During the discovery session, we also figured Mr & Mrs Shah had decent amount in savings and followed the consistency of saving regularly.
Our financial analyst recommended they consolidate their debt and release the equity in their current family house.
Plan worked out and we assisted them in settling on a beautiful 4-bedroom home in a desirable neighborhood as always, the property was below market value. This four bedrooms, two bathrooms, double garage is a positive cash flow along with short, medium and long-term growth potential.
The asking price was $ 382,000, and the vacancy rate was extremely low.
Mr. & Mrs. Shah were quite pleased with the outcome because it allows them to diversify their
Portfolio across multiple states and release equity for future investments.