Property Services

Profitable Advice after going it alone Julie and Charlie first talked to me about investing in mid 2009. They’re professional couple who have done the right thing by paying off their house and are looking to retire inside 10 years. They had tried to go it alone and work with a property strategy to create weath. To their credit they had invested considerable time and money in courses to help then. Unfortunately the strategy worked for the education provider but not for them. Julie and Charlie committed to doing a renovation and the short story is they ended up losing around $80,000. Meeting with me I suggested they consider building a dual occupancy on a large block in an area marked for expansion due to mining growth. The dual occupancy would accelerate their growth and help in the retirement strategy that is coming up quickly. Initially they were hesitant because they wanted to return to their renovating strategy and learn from their past experiences. But after a few months they came back to me. We created a plan together. I helped them secure a block and a builder who I negotiated a full ‘turn key’ package with a fixed price contract. We made sure we had the right support team by securing the services of a finance broker, accountant and property manager. The bottom line came out very nicely for the Bevans with a $120,000 capital gain after 12 months. Tenants where in within a couple of weeks and the rent is now generating around 8% of their purchase price. That means it’s cash positive.