2008 "I have had the benefit of using Chris at NestINVEST for investment property hunting. The service Chris provided has been exceptional in all areas from the initial briefing stage through to finding the ideal investment property and closing the deal. I have been so impressed with Chris that I have purchased two investment properties through NestINVEST in the past three months. Chris has worked hard to understand the requirements of what I am looking for and I would recommend Chris's services for anyone looking to purchase an investment property." Sam Watts - Sydney

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Testimonial 1

Gabrielle rents a home in Sydney and has a well-paid job. She was saving steadily, but the deposit required for the sort of home she wanted to own in Sydney just seemed forever out-of-reach.

"NestINVEST found me a 4 bedroom brick home in a growing agricultural town in NSW in December 2003.

$10,000 paid the solicitors fees and the Stamp Duty and a small deposit on the $123,500 asking price. (She took out Mortgagee Insurance to minimise the deposit required, as recommended by NestINVEST).

It had been rented for $165 per week. She spent some money on painting the interior, a new upright stove and hot water system, all organized by NestINvest.

NestINVEST found me a managing agent, who found tenants willing to pay $225 per week, or around $900 per month. My repayments are Interest Only $737 per month, leaving $163 per month or $1956 per annum in my account. From this I pay the rates, and the occasional maintenance.

Since putting down my initial $10,000, I have not contributed one cent – and I have not seen the property, other than photos forwarded by NestINVEST.

A recent assessment valued the property at $165,000 (an increase of over $40,000 in 16 months). I'm currently trying to decide whether to sell the investment property to put a deposit on my own home, or to borrow against the increased equity to purchase another investment property."

UPDATE! Gabrielle bought 2 (two) investment units in Queensland, found for her by NestINVEST, without cash deposits using the equity from her first purchase! She now has 3 investment properties, all giving her positive cash flow, and is hoping to purchase again soon.

UPDATE! 2007 : Gabrielle sold the original property through NestINVEST for $180,000 (a gain of $56,500 in under 4 years). She also sold one of the Queensland units, making a profit of $60,000 in 2 years. She has been able to purchase a home in the Eastern suburbs of Sydney, while keeping an investment property which continues to increase in value. She intends to add to her property portfolio in 2008.

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Testimonial 2

Jacqui and her husband own a home on the Gold Coast, which they renovated. They then found they had about $10K sitting in a bank account, so they approached NestINVEST to find them a ‘hassle free’ investment property.

"NestINVEST found us a neat 2-bedroom unit in the Northern Territory for $111,000– near new, tiled throughout and air conditioned, nothing to spend and partly furnished.

After settlement, NestINVEST engaged managing agents for us and the property is now let at $185 per week (or around $740 per month) due to the increased interest in Darwin as a defense base. Repayments of $550 per month Interest Only leaves about $190 per month or $2280 per annum, which more than pays for rates and Body Corporate fees, leaving a small positive gain.

What is more, we have recently been offered $210,000 for the unit – totally unexpected, and we are considering selling it and buying 2 properties with the proceeds!"

UPDATE! 2007: The couple decided to use the equity in both their home and their investment unit (currently rented at $230 per week and valued at $260,000) to purchase a new more modern home with a swimming pool, and they have just moved in! They now own 3 properties and will continue to build their property portfolio with NestINVEST.

 

 

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Testimonial 3

Michael lives in Sydney after recently moving from New Zealand. His job requires him to travel extensively and he has no time to search for investment property, but did not want to leave the money lying idle in the bank. He had around $55000 to invest.

"In 2004, NestINVEST found a duplex (2x2bedrooms) for $165,000 in a mining town which suffers from a shortage of accommodation. Each partly furnished flat is let at $150 per week, so an annual revenue of around $15,600.

NestINVEST found me a solicitor, and a managing agent and organized all required inspections.

I decided to put a $28,000 deposit down, so repayments are around $9,590 per annum, leaving a positive cash flow of $6,010. From this, I will pay the rates, insurance and management fees, leaving around $3000 to reinvest, along with the remaining capital."

UPDATE! 2007: MC moved overseas in 2005 and has been accumulating funds to invest again. His mining town investment was valued in 2007 at $360,000 by a conservative bank! Using the increased equity, he has just purchased 2 properties on the Gold Coast with the guidance of NestINVEST.

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