Nichole – Seymour, VIC
Real Estate Rescue Graduate
Background
Nichole Borrow is a Real Estate Rescue Elite Mentoring Graduate who did a property flip through a take over deal which took her 3 months to flip. She found the deal through our DGI graduate private FB community.
The Number
These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.
| Expenses | Cost |
|---|---|
| Mortgage payout figure | $160,000 |
| Renovation | $30,000 |
| Styling | $2,800 |
| Selling fee | $9,000 |
| Payout to owner | $55,000 |
| Money partner | $5,000 |
| Total Cost | $261,800 |
| Total Net Profit | $63,200 |
Before and after photos from the renovations
Living Room Before
Living Room After
Living Room Before
Living Room After
Bedroom Before
Bedroom After
Top Learnings:
- Never doubt styling the property
- Don’t forget to budget for an electrical upgrade
- Renovate to the market not to your own taste, style or preference
