This case study is from Real Estate Investar subscriber Aaron Dalt, and how he used Real Estate Investar to apply the discount property investing strategy.
My property investment strategy was to find cash flow property with potential for future capital growth in the Christchurch market. I used Investar Search to find these properties using the Capital Growthstrategy.
My Valuer and My Research helped me to check the history, title and estimated market valuation, to help identify properties where I could secure some immediate equity.
I used to spend hours checking newspaper listings and other property mags, but thanks to Real Estate Investar, not anymore.
I found this private sale in Christchurch where they were asking under the estimated market valuation.
When I researched further into the property it was just what I was looking for.
Listing price: $290,000
Market valuation estimate: $300,000
Purchase price: $280,000
Renovation costs: $30,000 turning a shed into a room with an en-suite and repainting the trim.
Rental return: $660 per week
Rental yield: 12%
I researched hundreds of properties but I found the right deal for me with the help of Real Estate Investar's tools.
This information was provided voluntarily by Real Estate Investar subscribers and has not been checked and verified by Real Estate Investar for accuracy or completeness.
The examples illustrate what a subscriber claims to have achieved using Real Estate Investar's tools. This information was supplied on the dates shown above and its possible changes in the market, mean the financial performance of this property investment may be different today.
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