Rentvesting could be your beginning of your property journey.
How about this property?
Purchase Price: $410,000
Est Value: $470,000
Under Market Profit: $60,000
Land Size: 760m2
Yield: 6.3%
Vacancy Rate: 0.1%
Owner Occ: 65%
Flood Zone: No
Advantages: Don't worry about paying mortgages for next 5 years. And it will give some money to your pocket after all expenses. And top of that its going to grow too which will give your 10% for your next dream property
Cant get finance for your dream property?
How about this one?
Purchase Price of the property: $250,00
Est Market Value: $270,000
Under Market Profit: $20,000
Projected Year 3 Growth: 26.5%
Rent PW: $290
Vacancy Rate: 1.2%
Current Yield: 6.03%
Net Positive Cash Flow: $2,693
Block size: 680m2
Advantages: Don't worry about paying mortgages for next 5 years. And it will give some money to your pocket after all expenses.
After 12 months you do re-valuation of this property to buy your next property
Everyone's scenario is different. Call me to discuss what is perfect for your situation : 0481 822 557