We have so many questions, and Lisa has so many answers!
Leading them through the selected strategy brought us to this brilliant investment property, just right for them! Can’t wait to get started on the next property purchase together soon!
The Client
The challenge
The couple were working directly with their local bank who did not know how to structure and assess for multiple properties.
If we moved ahead with their initial assessment we would have maxed them out at one property.
We needed to find a mix of cash flow and low entry price which would make the investment easy to own and leave room for more purchases. So we set off to find higher-yielding assets with some scarcity value that would also assist with growth.
what we did
The first thing we did was create a realistic budget for the family so we could get a handle on their cash flow position. We also had one of our trusted referral partners analyse their borrowing potential for multiple properties.
This allowed us to plan ahead for multiple purchases and determine what price point was required so they could keep adding to their portfolio over the next 2 years.
After the analysis, the strategy was determined; a mix of cash flow and low entry price which would make the investment easy to own and leave room for more purchases. So we set off to find higher-yielding assets with some scarcity value that would also assist with growth.
The outcome
- Off-market property walking distance to Frankston CBD (a rare find)
- Near new offering building depreciation which would help to keep the holding costs and maintenance costs low
- Optimal settlement time for premium rental return
Market Value = $580,000
Negotiated Price = $576,000
Money Saved = $4,000
“Lisa was also very good with her prompt communications and network of property-related services such as building & pest inspections, conveyancing lawyers, property managers, all of which were seasoned professionals in the field and offered appropriate and timely advice during the purchasing process.”
Lisa was also very forthright in her discussions with us about the pricing we should offer and the ceiling above which we should walk away from a potential property to ensure that we were not investing with our emotions and overspending.
She was also very prompt communications and network of property-related services such as building & pest inspections, conveyancing lawyers, property managers, all of which were seasoned professionals in the field and offered appropriate and timely advice during the purchasing process.
Overall Lisa & her team made the process of purchasing a property a lot easier than we could have ever managed by ourselves and probably steered us clear of a few potential pitfalls we would’ve stumbled int
