My client was interstate, over 5 hours by air. He was an experienced investor with an existing portfolio and knew he would need someone on the ground to find his next asset. First weekend on the hunt I located this property. It was in great condition, in the Riverbank suburbs, 6 years old and rentable at 4.23% gross p/a with NO MAINTENANCE necessary. Leveraging a professional relationship with the selling agents, a deal was struck at approximately $50k under fair market value. Tenant in-place.
