Ben Everingham– Wurtulla QLD – 2012

Ben Everingham’s 3rd investment property was a 3-bedroom, 1-bathroom house that I renovated in Wurtulla, Queensland. This home was our principle place of residence in late 2012 and 2013 and is now sold.

Property Features

555 sqm
3-bedrooms
1 bathroom
Less than 2km to new hospital
Less than 2km to local schools
Less than 1km to lake
Less than 2km to ocean

Financial features

Capital gain

We achieved a capital gain of 18% over the 15 months we owned the property

Purchase price

$320,000

Renovation costs

Kitchen $5750
Bathroom $2000
Painting $5500
Tile Flooring $2500
Carpet $1000
Labor $2900
Landscaping $2000
Lighting $1250
Plumbing $500
Rendering $600
Materials $1000
2013 – Total Cost $25,000

Sale price

2013 – $390,000

Why did we purchase this property?

To provide a first home for my family
Immediate capital gains ($30,000+ on the completion of renovation)
Strong demand for renovated housing in this area
Strong demand for rental properties in this area
Strong investment into local infrastructure (shopping centers, hospitals and transport)

What did we learn from purchasing this property?

Look at your own home as an investment
Buy under market value
Capital gains can be made in a flat market
Buy in areas with strong demand
Buy in areas with strong infrastructure investment
Understand your market
The money you make on your principle place of residence is tax free
You can not claim any tax benefits on your principle place of residence
You can buy and sell one principle place of residence each year
Don’t over capitalise when renovating
Find trades you can trust
There is often less profit in a deal than initially expected. Make sure when you take into account closing, renovation and sales costs when looking at the feasibility of a project

Why did we sell this property?

Tax free capital gains ($30,000+ on the sale of the home)
Leverage
Wanted access to additional finance to build another principle place of residence. See Ben’s 5th investment property – 4 bedroom house in QLD – 2014
Manufactured all possible growth at the time and were now reliant on the market for future capitals gains
Poor rental yield

Simon

07:19 10 Oct 18

I thoroughly enjoyed working with Kristal, Ben and the Pumped on Property team. They were incredibly efficient and made it easy to purchase an investment property with confidence and without needing to traveling interstate. The reports of potential properties provided each week were incredibly detailed and this made it easy to make a decision. Kristal guided me through the entire purchase process and went above and beyond to answer all the questions I had. Since visiting the property and area I am very satisfied I made a good purchase in a high quality area, and consequently was able to find tenants quickly. They also assisted with the design and build of a granny flat, which is in progress. I would definitely recommend them to anyone looking to buy in the Brisbane area and am looking forward to working with them again.

nick .v

21:28 25 Oct 18

Working with the Pumped on Property team was an amazing experience, From our first conversation with Simon in the first strategy session to the purchase of our first investment property and the process in between! Its great to do business with genuine passionate people and you can really tell these guys do care and treat you as individual investors with your own unique goals. If you haven't already, check out the Pumped On Property YouTube channel where Ben puts out some great free information every week! I would highly recommend working with this team, no matter if you are new to property or even if you have a few properties yourself, they will provide thorough reports and advice on areas you may otherwise miss! Once again, thanks to Ben and the team for helping my wife and I get our foot on the property ladder

Mitch F

09:25 26 Sep 18

Having dealt with another buyer’s agent prior to Pumped on Property and having a very negative experience I was dubious about approaching another business. After watching a few of Ben’s video’s on youtube my wife and I decided to reach out and give it another try. We are so glad we did. The difference was night and day from the previous company we went through. We dealt mainly with Ali after our initial sessions with Ben and these guys don’t just talk the talk they walk the walk. They are thorough and well educated in what they do and most importantly they genuinely care about helping you. At any time we had questions they were readily available to talk. They take the vast amount of information and help you break it down to what’s relevant and understandable. We already had one investment property prior to working with Pumped and have just bought our second through them and we have no reservations about recommending or dealing with them again. A huge part of investing in property is surrounding yourself with like-minded people and these guys are just that. If you’re feeling unsure whether it’s worth working with a buyer’s agent or not then you’re in the same boat we were 6 months ago. Beware not all buyer’s agents are the same, I spoke with 3 before going to Pumped and as I stated earlier paid the fee’s to work with one before terminating our dealings with them simply because over a period of just over a month we discovered they didn’t have our best interest at stake. Dealing with Pumped they were transparent at all times and integral with their dealings with us. We didn’t just get property put forward to us, we got a lot of education about the whole market and process. Wealthy investors utilise the help of property experts, so if the best are using them, then I will too. That was our mindset anyway. And these guys are definitely experts. ‘If you want to be successful, find someone who has achieved the results that you want and copy what they do’ – Tony Robbins

Conrad John

04:25 03 Nov 18

Follow these guys. They are pro's and providing me great direction

Greg Shrimpton

04:41 08 Oct 18

Highly professional team and great to deal with. I highly recommend Ben, Kristal and the team if you are looking for a buyers agent.