Sam and Rema approached us eighteen months after acquiring their first investment with us. It had done seriously well, growing $150,000 over the 18 months. That was in Townsville, and they were now looking to buy property #2 with a budget of $750k.
We looked at both Brisbane outskirts, which was getting more difficult by the day, especially as they were looking for something that had some depreciation benefits.
After sitting and reviewing the brief, we shifted the focus to regional NSW and found a 10-year old home that was underpriced and ready to go.
Within an hour of it hitting the market, we had spoken to the agent, done our due diligence checks, and were ready to have the contract reviewed. A couple of hours later, we had put in an offer, and it was accepted — $30k over asking price and $35k below comparable sales that had occurred in the last few months.
An absolute steal that will see our clients gain instant equity and minimise their after tax cash outlay.
