20% Returns in 6 Months
Feb 2018: Client came to us wanting to do a reno-sell flipping project. We bought this 2 bedroom flipper at $412,000. $7,000 below asking price. Something which is unheard of in that part of sought-after Melbourne suburb.
The bath, kitchen and interior were updated and modernised with the money saved.
Aug 2018: Renovation was completed and it was re-valued at $495,000. An increase of 20% in 6 months! The equity was extracted, property leased out, and the client went on to buy a second investment property. Great "chunk deal" success.