When purchasing an investment property, it has to be agreed that there’s a huge amount of choice.
Investors are only limited by their understanding of how to make money from Property.
One investment property will not make you wealthy so there needs to be a Strategy around how to achieve wealth through property.The traditional investor will look at various information online and take a guess at where might be a good place to invest and will usually buy a house, apartment, townhouse or a block of land and build a property. This provides a rental income which may be as low as 2% for properties in Sydney and Melbourne and around 5% for properties in other states. There is no positive cash flow and no equity uplift in these properties.
To develop and add value to a property takes skill, time and a great deal of patience. There are several hurdles such as strict council requirements, finance constraints on developments as well as the actual skill needed to tackle every aspect of the development from concept and plans to the ultimate end product.
Over the years I have spoken with many investors who love the idea of developing land and getting a much higher return on their investment. Wouldn’t it be advantageous to have two income streams from the one block of land that could be subdivided at any stage in the future? What if that same investment provided a 6% or 7% rental yield?
What if that property gave an equity uplift of around $100,000 on completion and enabled another dual income property to be built straight away? There is a way to achieve this without having to do the hard work yourself.
To purchase a Dual Income Property package where all the plans, permits, construction and associated costs are covered in the package price means that the investor can achieve the same result as developing themselves but without the headaches.
Dual income packages are ‘full turn key’ meaning that all the floor coverings, blinds, light fittings, fencing, driveways, clothesline , letterbox, TV antenna is included in the package price.
The construction is overseen by a site manager and must comply with the building codes of the local council and be inspected to ensure the quality of the build.
Investors have begun to realize that the way to building wealth is purchasing properties with high cash flow and equity uplift on completion. This enables the next dual income development to be undertaken and soon the positive cash flow portfolio of dual income properties generates passive income and fast paced wealth.
