21/01/2024
Difference between giving what a customer wants Vs getting an exceptional outcome for them, requires you setting higher standards for yourself than what the customers expect of you, taking it personal and going the extra mile, to deliver, every time.
By far, this is the best deal we have been able to secure in the first two weeks of the new year.
Customer seeking an investment property.
Budget 850k.
Expected Rental, around 550 a week.
Location: No Preference
The easy way
Buying in a regional town of another state, call it a great investment.
Target we set for ourselves.
Buy something great, in a good, established Melbourne South Eastern suburb.
We knew this was a hard target, but we took the challenge on.
After filtering thru almost 200 properties on and off market, and 12 physical inspections, look what we found.
2 Properties on 1 title. Unit at the back is 2 only years old.
Location: Popular South Eastern Suburb (Still under offer, so cannot disclose)
Distressed sale.
Land Size: Flat block of 904 sqm
Existing Rental 820 per week, under charged. Potential to increase to 950
per week, after the purchase.
Options: Keep as is and Milk the cashflow/ Do a 2 Unit subdivision without having to build/Do a 3 unit Sub division down the track.
Valuation: 885,000.00
Bought for 715,000.00 !!
This is the power, a well thought out property buying strategy can bring to our customers, not only today, but in five years and in 20 years!
And as we always say, we wont buy anything for our customers, we wont buy for ourselves.
Happy days.
