My clients are both busy parents and professionals living in Auckland. They were time poor and out of town, so our services made sense. The
aim was a positive cash flow for retirement - ideally with potential to develop in the future.
We were targeting rental areas to make the numbers work, however we ended up securing a multi-income in a top suburb.
2 bedroom & 3 bedroom attached flats
Great Tauranga suburb
Purchase Price = $905,000 + Fee
Rent = $920 - $960 per week
It was a great find - attached 2 bedroom and 3 bedroom flats in a great Tauranga suburb, close to schools, shops and other amenities. Both
properties had been rentals for some time, and there is room to add value/rent with renovation down the track. However, both properties
were suitable to rent out as is following minor work and Healthy Home upgrades.
The iFindProperty Difference
Having just missed out on a multi-income deal in the same neighbourhood, we knew we’d need to act fast to secure these properties. My being
active in the market every day allowed us to move forward quickly and with confidence. Having been involved in hundreds of negotiations over
the years, I felt there was room to get a discount based on some minor findings during the due diligence process. With this hunch, and with
the support of my buyers, I negotiated a further $40,000 off the purchase price on their behalf. Great outcome.
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