Brick to the Future: Property Investment Show
BRICK TO THE FUTURE is the property investment show for everyday Australians. We cut through the white noise so you can minimise risk and make smart informed investment decisions.If you're after tips and strategies while building a property portfolio that suits your lifestyle, you're in the right place!
Brick to the Future: Property Investment Show
Season 4, Episode 66: How we bought an investment property without ever seeing it
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OpenCorp
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Season 4
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Episode 66
Ross and his family, including his wife Jen and their three children, recently transitioned from their old home to a new upgraded property while also investing in a Brisbane property. This discussion explores their journey, motivations, and experiences with property investment.
Transition to a New Home and Investment Property:
- Ross and Jen decided to upgrade their family home for a better lifestyle while investing in Brisbane.
- Their investment property, valued in the mid-to-high $500,000s, has appreciated significantly due to strategic location choices and developing infrastructure.
Remote Property Purchase Process:
- The couple purchased their investment property sight unseen, a growing trend (93% of clients) facilitated by OpenCorp’s remote services during COVID-19.
- They trusted OpenCorp’s team despite not meeting face-to-face, citing smooth communication and a strong reputation as key factors.
Motivations for Investing:
- Their goals included securing financial stability for their family and leveraging property as a long-term investment strategy.
- Ross highlighted the importance of unemotional decision-making, focusing on market growth potential rather than personal attachment to the property.
Challenges and Process Management:
- Initial challenges included navigating the volume of paperwork, contracts, and communication during the build process.OpenCorp’s team, including finance brokers, property strategists, and portfolio managers, provided comprehensive support, simplifying the process and ensuring confidence in decision-making.
Positive Investment Outcomes:
- Strategic location choices in Brisbane, near infrastructure development, led to significant property value growth shortly after completion.
- Ross appreciated OpenCorp’s guidance in identifying areas with high growth potential before infrastructure was fully established.
Future Goals:
- Ross and Jen are focused on balancing debt repayment for their home and expanding their investment portfolio.
- They feel more confident about their financial future thanks to their investment strategy.
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