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

What happens if your tenant doesn’t pay the rent during COVID_
Articles

What happens if your tenant doesn’t pay the rent during COVID?

I recently received a question from one of my subscribers… I have a question that I have noticed no one is bringing up since Covid …

Articles

My top 2 areas to invest in during the current market!

If you are in the market to buy property right now, then I have some news for you. In today’s video (blog), I’m going to …

Blog - The Next Boom Cycle Is Coming... Prepare Yourself
Articles

Post COVID-19 Property Boom Cycle is coming… prepare yourself!

The Corona virus pandemic is in the process of trashing property prices by possibly up to 30% according to some and when it’s over be …