All Topics / General Property / $60,000 IN 6 WEEKS !!

Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549

    My turn to brag !!
    Who said you can’t make money in this market ??
    We bought a 12 year old brick veneer house for $155,000 in September 2005. We spent around $10k on new paint, lights, plumbing and carpet. Six weeks later we have sold it for $239000. After costs we have earned just over $60000 for 6 weeks hard work. Not bad hey !!

    AJBS

    Profile photo of nazzysmithnazzysmith
    Member
    @nazzysmith
    Join Date: 2005
    Post Count: 102

    Oustanding, reckon you can do it again?

    Profile photo of oziozi
    Member
    @ozi
    Join Date: 2004
    Post Count: 262

    Thats an outstanding achievement Amanda! Congratulations!

    What was the appraised/market value of the property when you purchased it? Just wondering whether most of the profits were made in the purchase or in the reno.

    Regards,
    Ozi

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Great deal Amanda Mr Carmody is going to love you too

    Cheers Richard
    Ph: 07 3720 1888
    [email protected]
    http://www.yourstatefinance.com

    Specialising in US & IP finance.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of DazzlingDazzling
    Member
    @dazzling
    Join Date: 2005
    Post Count: 1,150

    Excellent work Amanda. Well done.

    You’ll probably get 35 or 40 in your hand at the completion of the deal.

    1K a day tax free is pretty good going in this market.

    Did you have fun doing it and would you be able to repeat it over and over ??

    I sometimes wonder if people check the previous sales figures or just buy the visual dream that you have created….Onya.

    Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549

    Thanks guys it will feel even better when the contract settles in a couple of weeks. Yes Ozi we bought well but also fixed some problems in the reno that put most people off.
    “Problem + Solution = Profit”
    I don’t mind paying some tax as it means you’ve made a profit. Being an ex-accountant I know ways to minimise the tax bill.
    Finding another deal like this will be hard but we’re always looking !!

    AJBS

    Profile photo of bhillcoatbhillcoat
    Participant
    @bhillcoat
    Join Date: 2005
    Post Count: 2

    Excellent Amanda… Good on you. Looking at doing the same sort of thing with a property in Qld that I think has the same sort of potential. Will let you know how I go.

    Brett
    ‘It all comes down to two simple choices…Get Busy Living, or Get Busy Dying.’

    Profile photo of MauiMaui
    Participant
    @maui
    Join Date: 2005
    Post Count: 8

    congratulations
    thats sounds fantastic

    Profile photo of wilandelwilandel
    Member
    @wilandel
    Join Date: 2003
    Post Count: 761

    Hi Amanda,

    Great work!! Sounds like you bought well…[biggrin][biggrin]

    Would you care to disclose what area the house was in, or even the state.

    Regards,
    Del

    http://www.nzpropertytogo.com

    Profile photo of Harley2Harley2
    Member
    @harley2
    Join Date: 2005
    Post Count: 32

    Just keep doing it Amanda!
    There is always something available.
    And keep bragging!

    Harley

Viewing 10 posts - 1 through 10 (of 10 total)

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