MEET THE TEAM
Seasoned Investor - Hirak
Meet Hirak, a determined first-time homeowner eager to transition into the world of property investment. Despite a modest budget and limited guidance from friends and family, Hirak was committed to building a successful property portfolio. His journey with One Central Property marked the beginning of a promising investment path.
Initial Challenge
Hirak sought to enter the property investment market with a lower budget and limited advice from his network, necessitating expert guidance to navigate his entry effectively.
Strategic Intervention
We assessed Hirak’s borrowing capacity and identified equity in his home that could be leveraged for his first investment property. We sourced an off-the-plan property in the ACT for $301,900, which was valued at $450,000 upon completion, with a tenant secured at $500 per week.
Impressive Outcomes
Utilizing the equity from his first investment, Hirak was able to acquire a second property in regional Queensland. This established property was purchased for approximately $300,000 and generates a rental income of $450 per week, demonstrating the strategic growth of his portfolio.
Client Situation Before Purchase
As a first-time investor, Hirak was eager to build a property portfolio but faced challenges due to his lower budget and lack of guidance. He needed a strategic plan to enter the market and secure properties that offered both capital growth and cash flow.
- We identified and utilized the equity in Hirak's home to fund his first investment property, ensuring a strong start to his portfolio.
- Our team sourced properties within his budget that offered significant rental yields and potential for capital appreciation.
Results and Next Steps
Hirak’s journey with One Central Property has successfully launched his investment portfolio, providing both capital growth and rental income. Looking ahead, Hirak plans to continue expanding his portfolio, focusing on acquiring quality assets that offer long-term financial benefits. With our ongoing support, he is well-positioned to achieve his investment goals and secure a prosperous future.