🏡✅💯 WOOHOO..PURCHASE NO 11 by Easy Buyer's Agent. Projected profit $100k+ in 3 months. Purchase price: $205k, 4x1 sitting on 801sqm land. Location: 27.1km from Perth CBD. Read on ⬇️
Multiplication of money through property investing.
✅ STRATEGY: Reno, retain and refinance
Make the 4x1 property into 4x2. Property is already looking very clean and nice inside, no major renovation required. Budgeted cosmetic renovation of $50k.
Similar 4x2 property 850m away has sold for $470,000+ in Mar 2019.
To hold and rent: It can fetch for at least $350/week
✅ RAW CALCULATION FOR HOLDING
LVR 90%: $184,500
Purchase cost 5%: $10,250
Easy Buyer's Agent fee 1.1%: $2,255
Interest rate: 5%
Holding cost 6 months: $5862.5
TOTAL PROJECT: $276,367.5
TOTAL INVESTED CASH WITH RENO FROM BANK: $41,867.5
TOTAL INVESTED CASH WITH RENO FROM OWN MONEY: $91,867.5
✅ Yield: 6.6%
✅RAW CALCULATION FOR FLIP
Projected selling: $400,000 (super pessimistic)
Selling agent cost: $10,000
✅ PROFIT: $390,000-$276,367.5 = $113,632.5
✅ ROI of invested cash with reno from bank: 171.4%
✅ ROI of invested cash with reno from own money: 23.7%
This might sound like a marketing ploy, but if you're keen to invest in property, may we suggest that you get in contact with us first. We have TONS of strategies to give you to ensure you get the most profit out of your investment.
Don't buy property the old way.