Real Estate Flipping Case Study: Beldon WA

My 3 top learnings from this real estate flipping house deal are:

  • Exercise Patience with the Intermediary and the Bank.
  • Discuss with Council if DA is required for the structural alteration or BA only. If using a Private Certifier who has certified the plans do not wait for plans to come out of council – go straight ahead and commence building save yourself 14 days on the time frame.
  • Pick your reseller carefully – make sure they have a game plan.

Before

Mike Beldon house flipping case study
house flipping before renovation house flipping before renovation
house flipping before outside renovation House flipping inside room before renovation

After

After house flipping renovations House flipping bathroom after renovation
House flipping shower renovation after House flipping bedroom renovation after
House flipping front house renovation after House flipping backyard renovation after
House flipping living room renovation after House flipping kitchen renovation after

House Flipping Profit Margin

Property Flipping Cost Breakdown
Expenses Cost
Purchase price $325,000
Total expenses (renovation, arrears, council rates etc) $125,000
Mortgage registration fee $168.70
Transfer fee $238.70
Title search $25.30
Stamp duty $9,785
Selling costs and agent’s commission $9,750
Advertising and marketing $1,000
Legal fees out $1,100
Resale costs $583,000
Profit $472,067.70

After Capital gains tax the house flipping profit margin will be approximately $78,000 in profit

OTHER HOUSE FLIPPING PROFIT MARGIN USE CASES:
Aldinga beach | Morphett vale | Upper ferntree gully

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