Molly
Molly engaged Property Mavens to assist her in finding and purchasing her first investment property.
BRIEF
Investor - determined a capital growth strategy seeking to generate equity over a long term period.
OUTCOME
Secured: prior to auction, pipping another party at the post. Investment grade property providing a yield in excess of 4%
Identified: some minor concerns during due diligence and negotiated a $4,000 lower purchase price to compensate for the works required to address the concerns
Settlement outcome: settled
RETURNS
- Bought Dec 2016 : $ 454,000
- Value Oct 2017 : $ 550,000
- Capital Growth : 21 % capital growth in less than 12 months
TESTIMONIAL
After years of procrastination and not having the courage to buy an investment property, I sought the advice of Property Mavens mid December to help me get into the market.
Miriam's negotiation skills and professional network definitely worked to my advantage during the purchase.
Importantly, she managed my expectations and stress levels by providing clear guidelines and helped me avoid what could have been for an ugly and expensive investment story.
Working full time and with two teenage children, I didn’t have the time nor the confidence to fully appreciate all the components that make up a wise investment purchase.
I’ve finally done it!
Thank you Property Mavens, I'll be back.
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