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Blue Chip Renovator's Delight - Renovation and Flip

 

✅ BRIEF: Client is looking to multiply his money.

✅ STRATEGIES SUGGESTED: Flip-related strategies. Can be renovation, subdivision, land flip, etc as long as it shows at least 20% ROI.

✅ NUMBERS GO LIKE BELOW:
Asking Price: $585,000.00 
Purchase Price: $530,000.00 
20% Deposit: $106,000.00 
80% Borrowing: $424,000.00 
Purchase costs (5%, stamp duty, etc): $26,500.00 
Easy Buyer's Agent fee (1% + GST of purchase price): $5,830.00 
Holding cost 12 months @ 4.5%: $19,080.00 
Renovation, subdivision cost, etc: $100,000.00 
TOTAL PROJECT: $681,410.00 
TOTAL INVESTED CASH: $257,410.00

Projected selling: $800,000.00 
2% Agent Fee: $16,000.00 
TOTAL REVENUE: $784,000.00

PROFIT: $784,000.00 - $681,410.00 $102,590.00

R.O.I: $102,590.00 / $257,410.00 39.85%

✅ Are you looking to buy property? Do get in contact with us first.

✅ Or maybe you already have a property you're eyeing on? We can help with the negotiation, too to ensure you get the best price!

✅ Keen to purchase similar opportunity? Get in contact with us now.