This is a deal from 2019. It was good then, and great now. Remember it is about time in the market and not timing the market!
A Wellington based client knew a deal when he saw it. He put his trust in the iFindProperty team and as a result, secured a fantastic
property that could have sold a dozen times over.
He moved swiftly and confidently, and within a matter of 2 hours of the deal being sent out to our database, he had it secured and ready to
complete his due diligence.
Low maintenance 4 year old brick and tile duplex, comprising of a 4 bedroom 2 bathroom home, with a 2 bedroom flat separated by their own
PP including fee $757,500
Rent Estimate $950 per week (not bad est. as that is exactly what it ended up renting for).
Yield - 6.5%
Cashflow P.A - $10,000 + on 3.5% Interest rates
Equity gain $60K upon purchase – closer to $160k now.
We were able to recommend our trusted network of supporting professionals such as property managers, building inspectors, valuers and
others to make the process easy while our client remained in Wellington.
The moment I walked through the door of this property I knew it would make a fantastic investment.
However, the listing agents had poorly targeted the marketing (at homebuyers), and by asking a series of carefully worded questions, I had
an understanding of the level of vendor motivation. Using this to our advantage, my strategy was to hold back initially and wait for the
marketing to flop. Eight weeks passed by and we were in a prime position to negotiate a large discount for our database.
What the Client said....
"We worked with Chris Sim and iFindProperty to help us purchase our first investment property in Tauranga and we are very happy with
the result. The property is only 4 years old and composed of a 4 bedroom, 2 bathroom house and a 2 bedroom, 1 bathroom granny flat. The
high rental income and low maintenance materials ensures positive cashflow and we also got it at a great price meaning we gained at least
60k in equity instantly through the purchase.
Chris was a pleasure to work with throughout. He is very friendly, highly knowledgable and responsive to all the questions and support
we needed. As we live out of town, it was fantastic to have his local knowledge and have him meet and coordinate with agents, builders,
property managers as required. As new investors, his advice helped greatly working through this deal but also in shaping our thinking on
growing our portfolio from here.
Prior to working with iFindProperty we had been looking for an investment property for 4+ months and had spent countless hours online
and at open homes only to just miss out on several tenders. Working with Chris and iFindProperty made this process so much easier and I
would strongly recommend working with their team if you are looking to find a great investment property."
It's not just about finding a deal, to truly grow as an investor you need to plan towards your end portfolio and work with people who can help you move towards that vision. iFindProperty has a service that achieves that for clients, and we are excited to share it with you
As an accountant is not a place for my personal political opinions, but professionally speaking I’m pleased with this result, and cautiously
optimistic we might have a friendlier tax environment for the property sector for at least a few years. But what does this mean for property