Background: Our reno guru Andrew Farnden has just sourced another great renovation opportunity. The large 2 bedroom homette is in an excellent position and is in need of a full cosmetic renovation [just how we like them!] – as usual it’s been secured by Andrew at below market price.
Andrew’s had another successful couple of months and is currently at full capacity with multiple renovations on the go. As is the case, he can’t take on every project he finds so he is offering this opportunity to whoever puts up their hand first.
If you have been to one of our renovation seminars or completed our 2-day renovation workshop you’ll know that Andrew consistently makes $20-50k in profit buying, renovating and selling units or townhouses.
Note: You’ll have to act immediately as the cooling off period for the contract Andrew has negotiated will start soon.
There are a 2 ways that you might want to consider taking on this deal;
1. Do the project yourselfSimply pay us a buyers fee for the deal and it’s yours. You take over the purchase contract [at Andrew’s discounted price] and become the owner, then you can renovate the property and sell it for maximum profit. Alternatively this unit would make a great hold investment if your looking to add to your property portfolio.
2. Do the project with us If you don’t feel you have the know-how and confidence to do a renovation deal like this on your own we can help. As above you would take over the purchase contract and become the owner, but rather than renovate it yourself you could get us to guide you through the project including contracting us to do the entire renovation for you [via our renovation service – see www.re-innovate.com.au for more details]
Here’s a basic snap shot of the deal;
|Original Asking Price
|Negotiated Purchase Price
|Discount [from asking price]
|Potential Profit [on sale following the renovation]
|$25K – $40k
Smart investors will tell you that you make your money when you buy a property – well the hard work has already been done for you!
If you are interested in this property please call Andrew directly on 0431 940 873
Your Partner in Success,
Finance Adelaide, Home Loans Adelaide