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Published byCorbin Morrish Modified over 9 years ago
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Buy Renovate Sell BeforeAfter
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Kitchen BeforeAfter
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Bathroom BeforeAfter
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Rear of House & Street Facade
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Lesson 1 Don’t do the work yourself, leave it to the experts!
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Lesson 1 continued… Don’t do the work yourself, leave it to the experts!
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Lesson 2 – Schedule From Go To Woe We went in with no realistic time frame Major time blowouts because we were on the tools Tried to do it after work and on weekends – not good for your health! Calling in favours is not sustainable
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Lesson 3 - Watch The Market Market changed from flat to boom Missed other deals Would have made similar money by doing nothing
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Lesson 4 - Realistic numbers Holding costs took our profit Didn’t have the end sales value in mind Reno budget doubled (inexperience)
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Lesson 4 - Realistic numbers Costs Purchase Price $256k Purchase Costs $10k Renovation Costs $68k Holding Costs $25k Selling Costs $10k Income Sold for $389k Profit $20k
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