Peter and Tony’s Aldinga Beach Deal
Our Top 3 Learnings:
- Ensure you have a network of agents.
- Chase up these agents regularly (weekly).
- Do something (nice) to ensure the agent remembers you.
Mortgagee in Possession, agent selling on behalf of the mortgagee
Purchase price $260k
Expenses/ Reno $30k
Purchase costs $10k
Strategy – Flip Anticipated resale Price $340-$350k
Resale costs $8K