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

Property Developer's Guide to Success

Property Secrets of the 2%

Our Happy Clients

  • Michelle Kennedy

    ""Dominique is authentic, integral, switched-on. She's amazing, she's got charisma.""

    Michelle Kennedy,

  • Ian & Melinda Coward

    "Well, we moved over from England about 12 months ago, so we needed something to do. My husband's a fabulous builder and shop fitter and property developer and so we thought, "Let's not get a normal job and the mortgage..."

    Ian & Melinda Coward,

  • Tejas O'Keefe

    "Well, I've done investing before but I've always felt like I was missing a key ingredient, which I now know I have been missing a key ingredient. Just trying to buy really well but without this kind of information has been very trying and difficult..."

    Tejas O'Keefe,

  • Nawras Alali

    "I spent almost 10 years doing aged care, so working for aged care, owner of one of the aged care overseas. And then before this, I came to Australia and I thought to do something with real estate development, renovation."

    Nawras Alali,

Recent Blog Post

Creating the Right Renovation Plan – Five Tips to Help You Avoid Catastrophe

Creating the Right Renovation Plan – Five Tips to Help You Avoid Catastrophe

View Post
How to Add Value to Your Home – Six Renovation Tips That Will Help

How to Add Value to Your Home – Six Renovation Tips That Will Help

View Post
Creating Your Feasibility Study for Land Development – Five Things That You Can’t Forget

Creating Your Feasibility Study for Land Development – Five Things That You Can’t Forget

View Post
The Big Five Asset Protection Mistakes to Avoid

The Big Five Asset Protection Mistakes to Avoid

View Post
Flipping Houses for Maximum Profit – The Seven Tips from Experts

Flipping Houses for Maximum Profit – The Seven Tips from Experts

View Post

Property Developer's Guide to Success