I was recently speaking with a client who bought a house and built a granny flat in Sydney for $500,000 in 2004.
His property has just been revalued for $1,100,000 and is renting for over $1000 a week.
His story reaffirmed my belief that if you buy and hold high quality property for the long term and have the right strategy in place, you can achieve both cash flow and capital growth.
In this video, I walk you through an existing house in Brisbane that we have almost finished building a granny flat on.
The house cost $440,000 and is renting for $420 a week.
The granny flat cost just over $120,000 and will rent for $300 a week.
It surprises me that 95% of investors still believe they need to focus on either capital growth or cash flow…
Why would you sacrifice one when you can get both?
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