Case Study:
First Time Investor Purchases 5 Growth Properties in 3 Weeks
Flying into Brisbane for a two-week family vacation and buying multiple investment properties is a massive challenge for most.
For Craig it was the moment he had been waiting for!
Craig has been working overseas for 10 years where he met his wife and started his family. His intention has always been to eventually move back to Australia for an early retirement with Brisbane the desired destination. Not knowing the best locations to buy in, Craig then asked friends for recommendations for a Buyer’s Agent to help him get the best properties. Real Estate Buyer Services was a perfect fit for his needs. This was an exciting time for Craig, finally getting to look through the properties and a number had already been marked for further inspection from online research.
“Researching the property market for Brisbane online is great, however not all available properties are listed and usually negative points about the property are not shown” Mandy Gladwin, Principal Buyers Agent at Real Estate Buyer Services, explains. “A selling agent’s role is to market that property to its best advantage and to get the property sold as soon as possible for the highest price”
The strategy chosen for these purchases was to buy in locations that were
- in demand from renters
- had great capital growth potential
- within 4km from the CBD
- with gross yield approx. 5%
With these details at hand Mandy then advised areas that would be suitable for his needs and went to work contacting her network for properties. At the time we were purchasing these properties it was before the election when there was a lot of uncertainty with negative gearing changes. Combine this with the Mandy Gladwin’s negotiation skills and price reductions went in his favour with 40% of the properties purchased off market.
Real Estate Buyer Services Property Management department now cares for Craig’s Australian portfolio. This includes all Leasing, Inspections, Routines, Legislation, Maintenance and Bill payments. Helping him have a passive investment so that he can relax knowing his future is in hand, he has succeeded in his goals and now enjoys spending further time raising his family.
