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The Client
Lorna was introduced to InvestorKit by her mortgage broker in 2019. Despite her desire to grow her portfolio, she was hesitant due to her lack of confidence in property investments. Since 2014, she owned a property that saw minimal growth over five years, and even after a decade, it had not significantly appreciated. Although she was in a financial position to purchase a second property years earlier, she chose to focus solely on paying down her first property, unsure of how and when to make her next move.
Lorna’s initial property purchase was a common mistake among many property buyers. She bought a small unit in her local area, influenced by her family’s advice and constrained by her budget, without considering borderless investing. This decision resulted in an asset that did not appreciate in value and incurred continuous maintenance and mortgage payments. She believed aggressively paying down the mortgage was the best strategy, not realizing it limited her ability to invest elsewhere. Consequently, she missed out on five years of potential investment opportunities until she connected with InvestorKit in 2019.
Our Strategy and Results
We developed a strategy for Lorna, leveraging the equity in her initial property, which had grown from $367k to $450k over ten years. We targeted affordable properties in high-growth markets, focusing on healthy rental yields and a borderless approach to diversify across states. Lorna fully trusted us despite advice to reconsider due to professional fees.
In two years, we purchased four properties using her income, high yields, and tactful lending strategies, growing her portfolio to $3 million across five assets in four states.
This transformation, with a total equity growth of $1.149 million, highlights the importance of avoiding initial investment mistakes and the power of strategic, diversified property investment guided by expert advice.
First purchase in Queensland has grown 81%
Second purchase in Queensland has grown 95%
Third purchase in Victoria has grown 39%
