Anne Marie – Glenfield, NSW
Real Estate Rescue Graduate
Anne did a complete joint venture on this project with no upfront costs for herself, the owner was heading into retirement and wanted a quick sell, Anne had planned a quick renovate and flip.
These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.
|Purchase price||$ 360,000|
|Purchase cost||$ 12,890|
|Renovation Costs||$ 24,000|
|Projected Profit (before interest costs)||$45,675|
Before and after photos from the renovations
Living Room Before
Living Room After
- Be very clear with agent on what your offer is don’t assume that they understand your terms
- In these times have a plan B if sale doesn’t happen work out a strategy especially (if working with money partners) on a course of action acceptable to both if a quick sale doesn’t happen.
- Getting Pest & Asbestos inspection before you start