RER Graduate

Aldinga Beach, SA

Background

This RER Graduate purchased a mortgagee in possession which had the agent selling on behalf of the mortgagee.

The Number

These costs include the purchase price, stamp duty, holdings, renovations and the relevant adjustments including the selling costs.

Expenses Cost
Purchase price $260,000
Renovation costs $30,000
Selling costs $18,000
Total Cost $308,000
Estimated Net Profit $30,000 – 40,000

Before and after photos from the renovations

Living Room
Kitchen

Michael top 3 learning from this real estate flipping house deal was:

  • Ensure you have a network of agents.
  • Chase up these agents regularly (weekly).
  • Do something (nice) to ensure the agent remembers you.

Recession Success Livestream

Join Robert kiyosaki, James Rikards, Tim Lawless & Dominique Grubisa To Discover How To Safeguard Your Cash Flow And Assets Whiletaking Advantages of Today's Wealth Creation Opportunities

REGISTER YOUR FREE SEAT NOW