Nichole Borrow – Seymour, VIC

Real Estate Rescue Graduate

before
after

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
Room 1
Front House

Top 3 Learnings from this deal:

  • 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

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