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Logan Opportunity

Discussion in 'Where to Buy' started by Scott Townsend, 15th Jul, 2016.

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  1. Scott Townsend

    Scott Townsend Active Member

    Joined:
    16th Aug, 2015
    Posts:
    39
    Location:
    Perth
    Hi PCers

    I'm just throwing this out there as a heads up/possible opportunity for anybody looking to purchase an IP in the Logan area.

    I currently own a property on Kingston which I've built a granny flat on the side (dual key).

    The builder, who is a good friend of mine and a Brisbane local, is also an investor who has several of these types of properties around the Logan area has just called me this morning to ask if I want to do another purchase and granny flat build as he has sourced 2 great properties that would allow this.

    Unfortunately with starting a new business I don't have the borrowing capacity right now so I am unable to move on it.

    If anybody here is looking to find out a bit more about this, send me a private message and ill get you in contact with the builder there.

    My property which I purchased for $240,000 + the Granny flat cost of $160,000 returns me $700 per week and that is keeping rent slightly below market value.

    Would go again myself but it simply not possible right now. More than happy to help any body interested.

    Scott
     
    Perthguy likes this.
  2. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,262
    Location:
    Melbourne
    The builder is your mate and he charged $160k! lol that's outrageous!!!!!!
     
  3. RetireRich101

    RetireRich101 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,312
    Location:
    Sydney
    based on the return and the cost to build, this is not your average 70m2 GF I am guessing....:p over 9% return nice
     
    Scott Townsend likes this.
  4. Scott Townsend

    Scott Townsend Active Member

    Joined:
    16th Aug, 2015
    Posts:
    39
    Location:
    Perth
    Thanks for the input.

    But I'm fairly happy with a $160k investment that return me $450 per week
     
  5. Scott Townsend

    Scott Townsend Active Member

    Joined:
    16th Aug, 2015
    Posts:
    39
    Location:
    Perth
    No it's not ;)
     
    RetireRich101 likes this.
  6. Richard Williams

    Richard Williams Buyers Agent - Southeast QLD Business Member

    Joined:
    9th Aug, 2015
    Posts:
    472
    Location:
    Loganholme, Brisbane
    How many bedrooms and m2 is your granny flat?
     
  7. gach2

    gach2 Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    213
    Location:
    sydney