The money gods have been generous: 6 property 3.3M portfolio 6 years

Discussion in 'Investor Stories & Showcase' started by ashish1137, 28th Jul, 2021.

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  1. Sarah Bee

    Sarah Bee New Member

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    well done Ashish, your story is very encouraging to read
     
    Sarah Bee, 25th Sep, 2021
    #21
    Westie and ashish1137 like this.
  2. danz

    danz Well-Known Member

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    Commerical because of better yield? Or potentially lower maintenance issues? Or both
    Development sounds interesting
     
    danz, 26th Sep, 2021
    #22
    ashish1137 likes this.
  3. ashish1137

    ashish1137 Well-Known Member

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    It is an off the plan development and I have access to developers and am the only one who managed to get into the presale. Also sold one as a BA.

    Commercial due to development will make me at least 18% after all contingencies and buffers.
    Commercial due to development made sense and less restrictions from different regulatory authorities.
    Commercial as it may give nearly 7% plus net yield on my buy price from day 1.
    Commercial due to demand in the area.
    Numbers worked. My first development and I am pitching in with investors.

    Regards
     
    ashish1137, 28th Sep, 2021
    #23
    danz and The Y-man like this.
  4. Sasy

    Sasy Member

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    Well done!! Good to know your story. Any further portfolio additions after?

     
    Sasy, 15th Jun, 2022
    #24
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