$240,000 Instant Equity Gain In Less Than 12 Months.

How does creating instant equity of $240,000 in less than 12 months sound? Well it’s possible and that’s exactly what our client achieved with his recent duplex build.

Our Client’s Goal

In order to be a successful investor, you need to have a goal that you’re working towards and a strategy in place to achieve that goal. With Jeff & Sue (not their real names), their goal was to create instant equity in the short-term to get ahead with their finances and we knew that a duplex home project would allow them to achieve this.

The Location

Understanding Jeff & Sue’s goal, their financial position and where they wanted to go moving forward with their property investing journey, we narrowed down the location to the Maitland region of NSW. We identified some great opportunities there which would allow them to create massive instant equity, as well as long-term growth and positive cash flow from day 1 and this proved very successful.

Negotiations/Acquisition

The most important thing was to locate a block of land that was suitable for a duplex build. After speaking to council, the town planner, a number of different builders and some architects to draw up designs, we shortlisted a fantastic corner block.

As always, we negotiated a great deal on the vacant block. For the build itself, we tendered this out to a number of different builders we have used in the past (as we know their quality of work). Making a few changes here and there to suit the demographics of the area and also to have some higher inclusions (stone bench tops, down lights, air conditioning etc), we sealed the deal with a builder. Given our ongoing relationship with various builders, we were able to negotiate a few of the inclusions at no extra cost to our client.

The DA and build went smoothly as we managed the whole process for Jeff & Sue. In less than 12 months from start to finish, they achieved an Instant Equity Gain of $240,000 and Positive Cash Flow from day 1 with both units being leased at $420pw each.

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