Ben Everingham’s 7th & 8th Investment Properties – Duplex In Coolum Beach – 2015

Ben Everingham’s 7th and 8th investment properties

Ben Everingham’s 7th and 8th investment properties are a duplex in Coolum Beach, QLD.

Property features

  • Land size – 819sqm
  • Duplex
  • 3 bedroom, 1 bath (existing house)
  • 4 bedroom, 2 bath (brand new house)
  • <1.5km to the beach
  • <15km to Maroochydore CBD
  • <25km to Sunshine Coast University Hospital precinct

Financial features

Capital gain

  • We have achieved an equity gain of 21% since commencing this project in early 2015

Current valuation

  • 2015 – $885,000

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Why did we purchase this property?

  • Immediate capital gains ($140,000+ on the completion of construction)
  • To flip and make a short term chunk of cash

What did we learn from purchasing this property?

  • Duplex opportunities exist in many local government areas throughout South East Queensland
  • Its possible to find a joint venture partner and put no money down on a deal
  • It possible to get private funding without going to the banks
  • Always build something slightly nicer than other new housing stock in an area
  • Build relationships with real estate agents and make their life easier. All they really care about is a secure sale, at an acceptable price for their client, with enough of a deposit in the contract to get their sales commission on settlement
  • Find someone who is doing what you would like to do and find a way to add value to their lives

Want to learn more about Ben’s property portfolio?

Photo Gallery

Duplex Construction and Renovation Photos

Ben Everingham

About

Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.