Noel & Jordan's Journey
Referred by their accountant, Noel and Jordan needed help to purchase a property portfolio that would take them into retirement and beyond, buying a property for a SMSF.
BRIEF
- SMSF Investor - The first of two properties, this was to be a cash-flow property for the SMSF which also allowed for capital growth to be manufactured via cosmetic renovation. Working with a low budget, the search commenced in a highly desirable regional location and we successfully purchased a property on behalf of our client in Ballarat.
OUTCOME
- Negotiated price: $25,000 below asking price
- Secured: In desired location with an appraisal of $280 per week rent (5.8% yield)
- Identified: $2,000 in hidden property repairs during due diligence.
- Settlement outcome; $2,000 was rebated back to our client at settlement, due to the strict contract clauses we used.
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