Achieving Financial Goals Through Property Investing

We are thrilled to share a recent success story of assisting one of our valued clients in purchasing their fourth investment property. This client, looking to purchase real estate Toowoomba, came to us through their financial advisor, seeking our expertise to find a rental property that aligned with their financial strategy. 

A Strategic Start

The initial referral came early in the year, but we were asked to wait until the client’s finances were fully aligned with their investment strategy, as advised by their financial planner and broker. Once everything was in place, we began our search with a clear understanding of the client’s goals and financial parameters.

Identifying the Right Property

Within just two weeks, we identified three potential properties that met the client’s criteria. After running the numbers past the client’s advisor, we received the green light to proceed with the one most suited. The property we ultimately purchased is a 6-bedroom, 2-bathroom house situated on a 900m² lot in a highly desirable area for tenants working in the medical and aviation industries.

Property Details

This investment property came with some unique and advantageous features:

– Two Titles: The property is divided into two titles. The first includes the house, and the second encompasses a 4-bay shed and vacant land.

– Potential for Expansion: We discussed the possibility of adding another dwelling to the vacant title in the future, a prospect our client was very enthusiastic about.

– Minor Renovations: The property required only minor touch-ups to make it suitable for tenants, ensuring a quick turnaround time to get it tenant-ready.

Immediate Tenancy and Future Plans

We quickly secured a property manager who had immediate interest from a multigenerational family ready to move in right after settlement. This prompt occupancy is a testament to the desirability of the property and our efficient management process. The client is also considering adding another bathroom to the lower level to facilitate dual living opportunities, further enhancing the property’s rental appeal.

Financial Highlights

The property was purchased for under $800,000 and is now being tenanted for $850 per week. This impressive rental yield is just the beginning, as we look forward to watching the property grow in value. With plans to make strategic additions and improvements, our client is well-positioned to capitalize on the property’s equity and maximize returns.

Conclusion

This successful purchase underscores the importance of a well-coordinated approach involving financial advisors, brokers, and real estate experts. We are excited to see our client benefit from this investment and are committed to supporting their future endeavors in the property market. This journey from initial consultation to a flourishing investment exemplifies our dedication to helping clients achieve their financial goals through smart property investments. When buying an investment property, ensure you build a team of Professionals around you to not only assist with the purchase, but to keep you on track and within budget.