[THE VAULT] SYDNEY 3 BEDROOM TOWNHOUSE MAKES $100K IN 12 MONTHS
This 3 bedroom townhouse in Western Sydney may not look pretty, but it does have something even better going for it – a $100,000 profit in just 12 months’ time.
A SYDNEY PROPERTY WITH A LOW ENTRY PRICE??
Yes, that’s right. In 2014 this three-bedroom townhouse was purchased for just $240,000.
At the time, rent was being charged at $320 per week.
THE MARKET BOOMED AFTER THE DATE OF PURCHASE
Just 12 months later, in 2015, this same property was worth between $330,000 and $350,000.
That’s a $100,000 profit for the investor who said yes to this deal.
HOW DID THEY GET IT SO CHEAP IN THE FIRST PLACE?
Sourcing properties below market value isn’t a matter of luck. It’s really a matter of networking – something that Nathan has spent over a decade doing.
He has established relationships with several sellers who are happy to offer him properties such as this one before they go on the market.
NATHAN ONLY SAYS YES TO THE GOOD ONES
If the property is below market value, situated in a good growth area and has a good cash flow, Nathan will consider the deal for his clients.
If his clients don’t want it, then he will snap it up for himself!
STAY OPEN TO THE POSSIBILITIES OUT THERE
There will always be opportunities to make money on property – you just need to know where and how to look.
Going with a buyers’ agency that specialises in helping investors build recession-proof portfolios means, not only will you have access to deals such as this one, but, you can rest assured you are buying the right properties for your stage and situation.
Have you purchased in Sydney for a low entry price? Please share your experiences in the comments section below.