Nichole Borrow is a Real Estate Rescue Elite Mentoring Graduate who did a property flip through a take over deal which took her 3 months to flip, she found the deal through our DGI graduate private FB community.
These cost include the purchase price, stamp duty, holdings, renovations and the relevant adjustments including the selling costs.
|Mortgage payout figure||$160,000|
|Payout to owner||$55,000|
|Total Net Profit||$63,200|
Before and after photos from the renovations
Top 3 Learnings from this deal:
- Never doubt styling the property
- Don’t forget to budget for an electrical upgrade
- Renovate to the market not to your own taste, style or preference