[THE VAULT] A NEUTRAL CASH FLOW CBD ‘LAND BANK’
This one bedroom unit is a perfect foundation property with a whole lot of future potential as a CBD ‘land bank’.
$70,000 IN 12 MONTHS
Purchased in early 2016 for just $152,000, this apartment sits in a small complex of six at the heart of Surfers Paradise.
At the start of 2017, comparable sales in the area have been nothing short of $220,000.
THE LAND IS ZONED FOR FUTURE GROWTH
Behind it, a 40 story apartment tower stands as a beacon of what might become for this area.
In fact, this apartment is situated on land with no height restrictions. The future is looking bright.
There are only a few properties on this strata title, meaning one day it may be possible to collectively sell to a developer and pocket the cash.
MAKING MONEY ON THE WAY IN
Whatever the future holds, one thing is certain. This property has already propelled this investor forward from day 1 by being bought below market value, and cash flow neutral.
GOAL AND STRATEGY GO HAND IN HAND
Everyone’s goals are different. That is why there is no one set strategy for successful property investing.
In order to find out the best path to take, it is important to have the right team around you, as well as a clearly defined set of goals.
Then, after you have established the who, what and how, all you need to do is get started.
Have you made a start on your property investing journey? Please share your experiences in the comments section below.
WANT TO GET YOUR HANDS ON ONE OF THESE DEALS?
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