All Topics / Value Adding / What would you do? next property

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Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284
    February 23, 2021 - 10:27 am

    So I am torn between options and would love some thoughts on what you would do!

     

    I had been planning to purchase a house on RD5 zoning for under 650k on the gold coast to later split to 4 townhouses. (1 bed per 50m2)

    But within two months all 6 or so have sold and now it appears the gold coast just doesn’t have similar options that are getting me as excited.

     

    I have 20% and the capacity to do a purchase up to say 700k-900k max but really want something I can squeeze profit out of over the next 1-4 years to further grow my portfolio.

    I would love to hear what you would look at given a similar position to create the most income/growth/equity

     

    Thank you

     

    kind regards
    Jaxon Avery

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
    Email Me | Phone Me

    JPA Financial Services Pty Ltd

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    March 2, 2021 - 2:55 pm

    G’day Jaxon.

    Hmmmm. Seems like you are after a manufactured growth strategy.

    Well, there are lots of them on offer, but the question is how many of them make profit at today’s prices, rather than rely on continued growth?

    The best advice I could offer you is this: What will make you the most money, in the quickest time, for the least risk, and lowest aggravation… within your available time, money, skill and risk thresholds?

    The answer to this question will be different for everyone.

    Bye,

    – Steve

     

     

     

     

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284
    March 22, 2021 - 1:30 pm

    Hey Steve,

    Yeah totally agree mate, its finding that and having the cashflow to facilitate the deal & get it over the line.

     

    So under contract and found a deal that is cashflow positive, under market value & zoned RD6 so maybe 18 bedrooms max.

    Its a very tricky lot & something even the town planners states is very tricky so we will see.

     

    Appreciate your time mate & time will tell how we choose to create wealth from this one as there are a few options.

     

    Thanks!

     

    Kind regards

     

    Jaxon Avery

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
    Email Me | Phone Me

    JPA Financial Services Pty Ltd

Viewing 3 posts - 1 through 3 (of 3 total)

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