Past Projects
Here is a sample of past projects that we have completed. Many of them are joint ventures and some solo ventures. These projects were cash flow positive in most cases, apart from during the construction phase. A minimum of 100 hours work goes into the research of a property and an area before investing.
There are a few different strategies to create cash flow and good yeilds. The strategy also reflects market conditions at the time. So when the market was rising fast, we found a buy,build and sell strategy made good income with little risk. Another strategy that we have used is a wrap or instalment contract where the seller vendor finances the property.
Western Sydney
This was one of our vendor finance deals. Basically the buyer had difficulty getting a loan due to a credit glitch but passed stringent lending criteria. The goal of this kind of financing is short-term until the buyer can refinance at a lower bank interest rate within a few years.
| Property Type | Single Dwelling 3Br 1Ba |
| Location | Western Sydney, Australia |
| Purchase Price | $237,500 |
| Money Down | $23,700 |
| Net Income Monthly | $322 |
| Cash On Cash Return | 221% |
| JV Split | 50/50 |
| Vendor Finance Sale Price | $290,000 |
| Profit from sale | $52,500 |
Cassin St
This was a joint venture that we set up. Essentially we were going to do this real-estate venture ourselves but construction delays on a previous property meant that we weren't able to commit the finances. It can take 3-4 months elapsed time to fully research an area and subsequently a property. We had completed the research and knew it was a good deal. With no time to spare, this property was bought, built, leased for 12 months and then sold. The lease was paid by the mine so this was awesome and positive cash flow as soon as the tenant moved in.
This 2-dwelling property is in a mining boom town that just had a 20 year mine open up. The town was screaming for more property and the government flew us out there to take a look!
| Property Type | 2 x dwellings community title
3Br 1 Ba each |
| Location | West Wyalong, south western New South Wales |
| Purchase Price | $163,000 |
| Money Down | $16,300 |
| holding costs | $3,803 |
| Net Income Monthly | $833 |
| Return on investment | 30% |
| Cash On Cash Return | 61% cash flow 306% on sale |
| JV Split | 60% Investor 40% JV Partner |
| Sale Price | $213,000 |
| Profit From Sale | $50,000 |
Neeld St
Another Buy, Build and sell strategy, totally managed remotely. We established good relationships with the builders and other service suppliers.
| Property Type | Single Dwelling construction
3BR 1 BA |
| Location | West Wyalong, western New South Wales Australia |
| Purchase Price | $197,693 |
| Money Down | $19,700 |
| holding cost | $7,900 |
| Sale Price | $230,000 |
| Profit on sale | $24,407 |
| Return On Investment | 12.3% |
| Cash On Cash Return | 113% |
Taigum
We built this property remotely. Over 600 miles away from home, we never set foot on this property. Using smart techniques to manage this property we had no problem in selling this.
Our company is registered for Goods and Services Tax so it claimed about $21k in GST credits. So in terms of cash flow this was awesome to have only a few thousand tied up in the deal and meant we were cashed up to hold the property for months if required.
| Property Type | Family single dwelling construction 3Br 1Ba |
| Location | Brisbane, Queensland Australia |
| Construction and land Price | $250,353 |
| Money Down | $29,277 |
| Holding Costs | $4,456 |
| Sale Price | $310,000 |
| closing costs | $1,200 |
| Profit from sale | $53,991 |
| Return on Investment | 21% |
| Cash on Cash Return | 184% |
Sunshine Bay
This was a buy-build-sell strategy as well.
| Property Type | Single Dwelling 4Br 2Ba |
| Location | south coast New South Wales Australia |
| Purchase Price | $347,646 |
| Money Down | $34,600 |
| Holding costs | $12,000 |
| Sale Price | $412,500 |
| Profit | $52,854 |
| Return on Investment | 15% |
| Cash On Cash Return | 88% |