Graduate – Aldinga Beach, SA
Real Estate Rescue Graduate
Background
This RER Graduate purchased a mortgagee in possession which had the agent selling on behalf of the mortgagee.
The Number
These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.
| Expenses | Cost |
|---|---|
| Purchase price | $260,000 |
| Renovation costs | $30,000 |
| Selling costs | $18,000 |
| Total Cost | $308,000 |
| Estimated Net Profit | $30,000 – 40,000 |
After photos from the renovations
Living Room
Kitchen
Top Learnings:
- Ensure you have a network of agents.
- Chase up these agents regularly (weekly).
- Do something (nice) to ensure the agent remembers you.
