Client Story: IT Professional purchased four investment properties in less than 9 months with $ 170,000 in equity.

IT Professional purchased four investment properties in less than 9 months with $ 170,000 in equity.

An IT Professional and his wife wanted to reach financial freedom faster than expected. They were engaging other buyers’ agents but were not convinced through detailed strategies and actions due to a lack of confidence in them.

Finally, they googled “Cashflow Properties” and approached Bharat on their first meeting. From Day 1, since they met Bharat, they have been convinced that this is the only buyer’s agency that can help them reach financial freedom faster than expected.

Our Action

We prepared a detailed strategy with a proper action plan to embark on their journey.

We wanted to buy the right investment property in the rising market so they could unlock their equity early and keep buying properties one after another.

Within a week of signing the buyer’s agency contract, we found a solid investment property with dual income. The purchase price of the property was $396,000. It has 3 bedrooms and 1 bath, and a sparkling swimming pool to cool down on hot days. It also has a 1-bed, 1-bath granny flat attached to it. Interestingly, the property is located near a hospital and university, so rental demand is too high. It generates a whopping rental of $520 a week and will rise.

Soon after settling on our first investment property, we sourced three more investments, one after another.

The second investment was purchased for $277,000 in a blue-chip location. It was built in 2005 and has 3 bedrooms, 1 bath, and a single lock-up garage. It gets $380 a week in rent.

The third investment was $ 128,000, with rents up to $320 per week. It has 2 bedrooms, 1 bath, and a single carport.

After purchasing three properties, we refinanced and got massive equity of $170,000, which became deposits to purchase the next property.

The fourth property was purchased for $328,000 and is in the Hugh growth corridor near the beach. It is below market rent, so it will rise significantly soon.

Together, the couple has purchased four investment properties in under nine months.

We believe in action instead of high hopes and no actions.

 

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