Lynn Couchman – Wavell Heights, QLD

Real Estate Rescue Graduate

before
after

Background

Lynn Couchman is a Real Estate Rescue Elite Mentoring Graduate she purchased a property in Wavell heights Queensland with the intension of flipping it for a profit.

Estimated value on RP Data ($734,000)

The Number

These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.

Expenses Cost
Purchase price $525,000
Professional costs $7,360
Renovation costs $57,185
Finance costs $32,173
Resale costs $23,530
Total Cost $645,248
Estimated Total Gross Profit $88,752

Before and after photos from the renovations

Kitchen
Living Room
Bedroom 1

Top 3 Learnings from this deal:

  • Being flexible
  • Speed decisions and trusting my instincts
  • COVID 19 has affected house stock levels making it harder to negotiate

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