All Topics / Help Needed! / Get in now or wait 12 months?

Viewing 2 posts - 21 through 22 (of 22 total)
1 2
  • Profile photo of rafael84rafael84
    Member
    @rafael84
    Join Date: 2009
    Post Count: 18
    October 27, 2009 - 10:11 am

    Joel, great vid mate, well done….Truly inspiring.

    Profile photo of jmiellejmielle
    Participant
    @jmielle
    Join Date: 2005
    Post Count: 31
    October 29, 2009 - 4:32 am
    mattnz wrote:
    Have watched the video Joel, great job and a very good investment. :)

    It actually struck me that it didnt look that bad a property, just needed a few key things done to it, that made it look great at minimal cost. It made me rethink what ideal renos should be like.

    Does your budget include all purchase costs? i.e. bank loan setup fees, interest holding, legals, stamp duty etc or is that only the cost of materials?

    How long did it take you to find the right property that had a significant profit?

    Thanks,
    Matt

    The $20K budget was purely reno costs, material, landscaping, plumber, electrician, curtains, carpet etc.. All the other fees were applicable anyway whether or not I sold it renovated or as it was, therefore I made around $70K in 5 weeks.

Viewing 2 posts - 21 through 22 (of 22 total)
1 2

You must be logged in to reply to this topic. If you don't have an account, you can register here.