[THE VAULT] 2 BEDROOM UNIT IN LIVERPOOL, BOUGHT FOR $196K, RENT $320/WEEK, NOW WORTH OVER $400K
This edition of the vault showcases a 2 bedroom unit in Liverpool that has doubled in value since being purchased a few years ago.
IT’S BEAUTY LIES WITHIN
Some people would be turned off from buying this unit. The block is not the most attractive, and its location, in the western suburbs of Sydney, is not the most popular. But looks can be deceiving. The beauty of this property lies in its numbers – around $200,000 to be precise. The purchaser has made a neat profit on this gem. The rent also comes in steady at $320 per week, making this investment a very beautiful one after all.
LET’S DO THE MATHS
If you had bought 14 properties such as this one, each earning $300 per week in rent, that had doubled in value, and you sold seven of them in order to pay off the debt of the remaining seven, you could be making around $100,000 a year in passive income.
THE FOUNDATION FOR SUCCESS
Building a strong foundation portfolio gives you a solid ground on which to build a larger investment portfolio of different types of properties. Without a foundation portfolio, buying big-ticket items would be too risky.
MAP THE ROAD AHEAD
If you would like to build a property portfolio, why not book a place at one of our MAP sessions. By analysing your goals and your situation, we can help you map out a strategy that will minimise risk and maximise results.
Have you purchased a property that has performed well in your foundation portfolio? Please share your experiences in the comments section below.