Carrie and Pascal had already had success buying their 1st investment property with us in late 2023. They were now ready to utilise the equity in their first investment to help them purchase investment property #2.
In the space of 12 months, their first investment had grown in value by $140,000 giving them enough equity to buy a property up to $620k without touching any of their cash savings. They were open to looking at regional NSW options and were happy to spend a little more for the right property.
We found this off-market opportunity through our agent network and secured it for $15,000 below the asking price + we got the vendor to fix a number of minor issues with the property before settlement.
The property was currently tenanted so the handover of property management was seamless and the weekly rental will be increased by $600/week in the coming months giving this property a 4.95% yield.
