REAL CASE STUDY
JAMES, 31, Single, Sydney
Income: 130k
Property Portfolio: 4 bdr Sydney house 950k
Property Education Level: Beginner
Goals: Build property portfolio for future financial freedom while also maintaining current standard lifestyle
Type of Investor: Passive. Doesn't want portfolio management to become second job
PREVIOUSLY: Heard from friends they've purchased a property in Melbourne for 730k through a Buyer's Agent. Rental $650 per week. Planning to engage the same BA to obtain similar for second investment property
THEN.. Heard of what Chatham Projects is doing. He didn't believe the amazing positive cashflow returns were accurate. They answered every question he had and he had a lot. They showed him similar projects they had. The numbers crunched and he formally engaged them. Reviewed several deals and feasibility studies, becoming more and more confident that this is the strategy to build his portfolio
NOW: Found the right land and location that fit Jame's criteria and budget. Building 5 bdr boarding house on 330sqm lot across from a shopping centre.
Project: 5 studio boarding house brand new. 2 storey on 330sqm
Costs: 765k
Money down: 153k (80% LVR Residential loan)
Timeframe: 8-9 months from settlement
Projected Weekly Income: $1440 per week
Annual Gross Rent: $74,880