Attributes: 0 bed 1 bath 0 car
Purpose: Cash-Flow Positive Investment
Acquired Via: Post-auction Offer
Time to Acquisition: 2 days from service engagement
Sometimes it’s best to wait for a property to pass in at auction before swooping to buy. This is what we did for our clued in investor client.
A high yielding investment property was the brief and this little studio in Darlo delivered in truckloads – a long term tenant in place, a 7-8% yield, and ka-ching all the way to the bank for our client.
A strategic post-auction negotiation situation allowed this little cracker to be purchased for $15,000 below auction reserve. Our client is over the moon with their buy!