Nick and Narina – Maylands (Falkirk Avenue), WA
Real Estate Rescue Graduate
Nick and Narina found this property through a local agent, with whom they had formed a professional relationship. It was a mortgagee but had to go to market. Nick and Narina were able to secure the property for an under market price, and after some renovations, they were able to flip the property for a profit.
These costs include the purchase price, stamp duty, holdings, renovations, and relevant adjustments, including the selling costs.
|Purchase price||$169,000 (Discount $31,000)|
Before & After Renovations
Lounge Room Before
Lounge Room After
Living Space After
- Importance of agent relationships for buying and selling.
- Units are a quick flip without the worry of exterior work and can provide a good profit if you buy at the right price and watch your budget.
- Networking to find reliable and fairly priced trades to build a team.