It’s often said that you are the result of five people you spend the most time with.
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Better yet, if you want to make money through real estate in Australia, who do you think you should be hanging out with?
If you answered:
…Then listen up.
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Purchase Price: $450,000
Profit: $247,000 (50/50 split with JV)
Property Found: Court listing
Circumstances for Sale: Distressed
Strategy: Subdivided, sell one of the lots & live in the original home.
Purchase Price: $450,000
Profit: $132,000
Property Found: Relationship from agent
Circumstances for Sale: Deceased Estate
Strategy: Renovate & flip
Purchase Price: $211,000
Profit: $150,000
Property Found: Court Listing
Circumstances for Sale: Distressed
Strategy: Renovate & flip
Purchase Price: $215,000
Profit: Projected $95,000
Property Found: On Market
Circumstances for Sale: Mortgagee
Strategy: Flip, reno and sell or rent then flip in 1-2 years
Purchase Price: $467,000
Price Listed for: $510,000
Discount: $43,000 (8.4%)
Profit: $81,000 (50/50 with JV)
Property Found: Real estate agent
Circumstances for Sale: Distressed
Strategy: Renovate and flip
Purchase Price: $482,500
Profit: $70,000
Property Found: on market
Circumstances for Sale: Court ordered for sale
Strategy: Renovate and flip
Purchase Price: $380,000
Profit: $130,000
Property Found: Through agent relationship
Circumstances for Sale: Deceased Estate
Strategy: Renovate & Flip
Purchase Price: $175,000
Price Listed For: $340,000
Discount: $165,000 (48.5%)
Profit: $96,000
Property Found: On Market
Circumstances for Sale: Mortgagee auction
Strategy: Renovate & flip with DA approval to add granny flat
Purchase Price: $350,000
Profit: $126,000
Property Found: Relationship from agent
Circumstances for Sale: Owner relocated to nursing home
Strategy: Renovate & flip
Purchase Price: $356,000
Profit: $85,000
Property Found: Watching RP Data & Realestate.com.au alerts & open for inspection
Circumstances for Sale: court order and sold via Auction
Strategy: Renovate & Flip
Purchase Price: $481,000
Price Listed For: $525,000
Discount: $44,000 (8.3%)
Profit: $80,000
Property Found: ex-housing-commission listing
Strategy: Renovate & Flip
Purchase Price: $590,000
Profit: $75,000
Property Found: On market
Circumstances for Sale: Deceased Estate
Strategy: Renovate & Flip
Purchase Price: $215,000
Price Listed For: $280,000
Discount: $65,000 (23.2%)
Profit: $70,000
Property Found: On Market
Strategy: Renovate & Flip
Purchase Price: $515,000
Price Listed For: $620,000
Discount: $105,000 (16.9%)
Profit: $70,000
Property Found: Approached by agent and purchased off market
Strategy: Renovate & Flip
Purchase Price: $360,000
Price Listed For: $450,000
Discount: $90,000 (12.6%)
Profit: $57,000
Property Found: Contacted through an agent
Circumstances for Sale: Owner heading into retirement and wanted quick sell.
Strategy: Renovate & Flip
Purchase Price: $470,000
Profit: $47,000
Property Found: On Market
Strategy: Renovate & Flip
Purchase Price: $169,000
Price Listed For: $200,000
Discount: $31,000 (15.5%)
Profit: $43,000
Property Found: Relationship from local agent
Circumstances for Sale: Distressed
Strategy: Renovate and flip
Purchase Price: $250,000
Profit: $38,000
Property Found: Contacted by homeowner
Circumstances for Sale: Mortgage Stress
Strategy: Quick Cosmetic and Flip
Purchase Price: $457,500
Profit: $35,000
Property Found: On market Court List
Circumstances for Sale: Deceased Estate
Strategy: Renovate & Flip
Purchase Price: Takeover Deal
Profit: $1,13,000
Property Found: Approached by Owners
Circumstances for Sale: Distressed Property
Strategy: Flip
Purchase Price: $450,000
Profit: $80,000
Property Found: Court Listing
Circumstances for Sale: distressed
Strategy: Renovate & flip
Purchase Price – Takeover deal ( No Money Required)
Profit – $100,000
Property found – Referral from DG Institute community
Circumstances for sell – Distressed
Strategy – Flip
Purchase Price – $1,080,000
Price listed for – $1,100,000 to $1,200,000
Discount – $100,000 estimate
Profit – $500,000
Property found – on market
Circumstances for sell – Vendor selling investment property with DA
Strategy – Develop into triplex and sell
Purchase Price – $675,000
Price listed for – $750,000
Discount – $75,000 (10%)
Profit: Block of land worth $500,000 & 58k p.a. passive income
Property found – Open for inspection
Circumstances for sell – On market deceased estate
Strategy -Subdivide, into 3 lots, build prehab home on 2 lots and renovate & flip existing
Purchase Price – $650,000
Price listed for – Auction (RP Data value $723-$750k)
Discount – $75,000 (11%)
Profit: Positive cashflow $250 pw
Property found: Open for inspections
Circumstances for sell: on market deceased estate
Strategy: Buy and hold for cash flow
Purchase Price – $350,000
Price listed for – $420,000 bank owned
Discount – $70,000 (16.6%)
Property found – Court list
Circumstances for sell – mortgage
Strategy – renovate and flip
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