What is the most profit you made from a Buy to Sell.

SherJava , if you are referring to Aust property, I would love to know how you go about purchasing it before it goes on the open market..

Cheers

Similar to Daryl.

Put the Nundah Bowls Club under Option subject to a DA and paid less than a $1M.

On-sold the Option for $2.25M subject to our buyer getting his DA.

Our buyer exercised the option and told us they would be settling.

Little did we know that they had actually on-sold the Option to another buyer for an extra $1M who ended up eventually settling and building 55 off units on the site.

Anyway we all made decent money on the deal so we for one were not complaining.

Cheers

Yours in Finance

Spot on Nigel

And sometimes you can put months into a deal, and a decent some of money and something comes up and it doesn't work.  I have only had a couple of those over my time but they do happen.  I once did about $30k and several months on a Hotel to highrise deal.  But on the plus side, when you spend that amount of time on something, you always learn more, I think you stop learning when you die.

That's so true Richard and Nigel,

A common occurrence I usually here is this, I  want to make 50

k on my first deal, if I can't make that it's not worth it. 

When building a brick fence you can't just build iit in one go, it

takes

time brick by brick……

My best deal was 7 years ago bough a house for 185, leased my house to the government.

Sold it for 320 to the government, got a good tax break as well ffor helping tthem out 

Oh I made a small 30 k profit in ttwo months bought a house under valued  by 30 k settled , renovated and made

 A profit,

I must admit these days I aam a bit more  conservative

If clients of mine (in the planning practice) decide not to go through with an expensive but oh so worth it planning issue with their PPOR, I will break my triple record easily.

I am pushing them hard to do the planning its going to cost them $30-$50k in my fees alone, however, their block will be literally worth 10 times as much.

I have also given the option of me paying $200k cash over market for the block as is.  Their residence is on a very large piece of land that can't be touched, fix the planning issue and it could be split into 300m2 resi lots, town house lots, a convenience centre site, and a service station site to boot. The planning issue is 100% fixable.

I would prefer for them to pay me to fix it and then do the subdivisions into large lots for different purpose in the middle, and sell off those sites on the periphery where there are no new roads to be built for the servo etc.  I would obviously make several million if they don't do that and I buy the lot.  But they will also be 2 of my biggest advocates if I make them millions, I get paid well for my job and we all go away happy.  I get great deals come across my desk all the time, this one is good enough that when they were having doubts I did offer to sign an unconditional contract for $200k more than their best REA appraisal on the spot.  I think they may have worked out somehow that I am very confident about being able to fix the problem.

These sites are out there, they are rarely as good or as safe as the example above.  But saying that, I have people making $60k in 3 months on 1 into 2 reconfigs in Holland Park at the moment.  Another 1 goes on the market 7am Monday.  I will report back if it sells as fast as the last one.

regards

D