The Single Most Important Question You Must Ask About Every Property You Own

The Single Most Important Question You Must Ask About Every Property You Own

The Single Most Important Question You Must Ask About Every Property You Own

Carly wanted to increase her portfolio from three properties to six in the next five years. 

One of her current properties, a small unit located in a regional NSW town, had a minimal mortgage of $90,000 and was returning $135 per week.

As low figures were involved, Carly believed it was okay for the property to remain in her portfolio. 

“That property’s fine, it’s just ticking along,” she told me. 

Once we evaluated the property using the Property Performer Template, however, she realised the truth: the unit was stagnant as it was not increasing in value, nor was it returning positive cash flow.

It was a low-maintenance, low-cost property so Carly hadn’t paid it much attention and in doing so, she failed to address the most important question: 

What is the opportunity cost that was lost by holding on to that property?

After her mortgage broker completed a tailored Bank Plan… 

Red BookAnd she completed my ‘is your property a dud’ checklist on page 27 of my Red Book, Carly discovered that if she sold the property and paid off the $90,000 mortgage, she could use the profits from the sale as a deposit on a new property worth up to $300,000. 

This allowed her to redeploy the funds from her stagnant investment into a better quality, higher returning property.

How about you? 

Are you sitting on a ‘dud’ property that’s holding your portfolio back? 

To find out, get my red book which shows you exactly how to spot one. 

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297
how to project manage your renovation

Get one step closer, Fill in the form below

  • This field is for validation purposes and should be left unchanged.

More from Real Wealth Australia

Property market about to go ballistic in australia
Articles

The Property Market Is About To Go Ballistic!

I’ve got good news for you and more good news! Firstly, you may have heard that the Reserve Bank of Australia (RBA) have indicated that …

How to Maximise Your Most Important Investments this Christmas_7
BLOG

How to Maximise Your Most Important Investments this Christmas

Your biggest investment: what it is and how much is it worth? If it’s your home, it could be worth a fair chunk of change. …

/the-next-boom-cycle-is-coming-prepare-yourself/
Articles

It’s official! Australia is now in a recession… now what?

As Australia has experienced three months of negative growth we are now officially in recession. I wanted to share my thoughts on this as there …