Real Estate Flipping Case Study: Morphett Vale SA

Our Top 3 Learnings:

  • Always follow up with the real estate agents.
  • Work out your maximum purchase price and go in lower to start with.
  • It’s a great heads up if you are an area expert.
Peter and Tony’s Morphett Vale Property Flipping front yard
Peter and Tony’s Morphett Vale Property Flipping bathroom before Peter and Tony’s Morphett Vale Property Flipping living room before
Peter and Tony’s Morphett Vale Property Flipping kitchen before Peter and Tony’s Morphett Vale Property Flipping bedroom before
Peter and Tony’s Morphett Vale Property Flipping kitchen before Peter and Tony’s Morphett Vale Property Flipping room before

Cost Associated With Flipping A House

Cost to flip a house
Expenses Cost
Purchase price $250,000
Expenses/Renovation $40,000
Purchase costs $10,000
Strategy – flip anticipated resale price $340,000-$350,000
Resale costs $8,000
Profit $30,000-$40,000

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

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