Back in 2014, I met a 27-year-old intending investor, WT, at a property seminar.

I had been investing in property for 14 years and he had never invested so, wisely, he engaged my expertise and experience, by becoming a client of our Complete Property Buying Service.

I recommended that for his budget, property growth and reasonable rent, I buy for him in the southeast suburbs of Melbourne. I also recommended to avoid new apartments and buy a 2 bedroom Villa Unit. He accepted my advice and said he was happy to improve what we bought, before letting.

After a Search Phase, Vetting and Due Diligence I negotiated the purchase, before auction, of a street-front villa unit in Bentleigh East at $490,000 in May 2014.

He then jumped in and at minimal cost and some “elbow grease” gave it a spruce up. He even slept in a sleeping bag on the floor during the painting phase!

Less than 3 years later in January 2017, the bank conservatively appraised it at $600,000.

Not all property is good property, but if you are prepared to pay for expertise you can get it right.

This client has made an unrealised gain of $110,000, without working.

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