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  1. MTR

    Renovating - Profits

    Ana my g/friend also works this way, work out what you want to make in the first instance. Cheers, MTR
  2. MTR

    Renovating - Profits

    Hi Melbournian took a while to get back to you, the area is Mt Lawley in Perth, which is blue chip. She lives and knows the area well, she targets period homes in the better pockets. Cheers, MTR
  3. MTR

    Renovating - Profits

    HI Tarah she has her own interior design business and was actually doing this stuff for clients who were reaping the rewards while she was paid a set fee to project manage and do the designs. She was also involved in getting projects rezoned from resi to commercial, which is somehthing else she...
  4. MTR

    Renovating - Profits

    The project was purely funded by investors. She provides a comprehensive feasibility study with projections on profits etc. She is able to tap into a network of interested investors who do not have her skills but can see a great opportunity. She also manages the project and her fees are...
  5. MTR

    Renovating - Profits

    888, love your humour:D
  6. MTR

    Renovating - Profits

    Hi Painter I wont be personally doing any renovations, I will be farming out the work. I have completed 1 profitable reno but some time ago. I am finding it difficult to find suitable property, lower entry level (units) seems difficult to achieve 20%, possibly 15% maybe?? in areas that I...
  7. MTR

    Renovating - Profits

    Hi all for the experienced renovators out there, what is the % you expect to make on a reno? Do you have a target and stick to it? My thoughts are that you would need to make at least 20% profit in the hand after all expenses including stamp duty, sale costs etc. Would be interesting to...
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