First Investment property purchase to start a Portfolio
Client Brief: To source a house on land that was existing and preferably with existing tenants. The client was a conservative investor and had finance pre approved for $440k. The importance of buying this first property well meant that she could go on to purchase 2 more investment properties in the next 16 months.
The positive cash flow position and capital growth of this property in the first 6 months of ownership was critical for her to service the loan and launch her into properties 2 and 3.
- 4 bedrooms
- 2 bathrooms
- 2 garages
Purchase price: $385k
Rent: $440 per week