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Thanks for the posts. Yep result was more then initial figure because we try to be ultra conservative. With the early access its important you have it set up right, and you know your vendor. If vendor has a outstanding loan the bank may not release the title. Other way is to slap a...

The duplexes sold for $345k and $343k. We had them sold a few times however the buyers fell over on finance as desktop valuations did not reflect the product of what we had done. it just pulled up the recent sale of the duplexes from when it was purchased from our end. Money is still...

Will report actual numbers tomorrow.

Oh yes, just been listed. Finished product. and well below budget. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105866296&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=58463341&s=nsw&tm=1247749483

Great point, Thanks for raising this question. As mentioned, this is not advice we just share ideas just like on this forum we all enjoy. Everyones accounting needs are different and you should endevour your own research into what is best for your siuation. I am not an accountant, nor...

Thanks for feedback. PB, obviously you do your research well so goodluck with your succes im sure you will go far :D Sommerville, Goodwork, your right, anyone can do anything and there are plenty of variables out there that swing from this. I am no different from anyone else here as we all...

LOL I answered them all above :D

HAHAHAHA, Funny funny Piston. Perhaps next meeting you could allude to whom you are. Let me answer these questions for you. Regards, Nath.

Hey Mj Hehehe, being the people of charachter we are, the goods are there. I do not have pics atm, as the camera was flat today when I went to use it. There are a few little furnishings to do as tidy up but all done. I will get photos shortly, at the latest we will have it as a project...

Thanks Tiger. Good to see keen interest very motivating. We dont mess around. :)

Hehehe... Will keep pics coming. Took a day to gut from memory... however the whole block was cleared of heaps of shrubs and trees... the face sits up and smiles now, there is no vegetation in the front yard. the whole building has been gutted and may take few extra days for walls...

Ok we settled on chester hill couple of days ago. totally cleared the site, and got our tradies in rebuilding. Just came from here tonight, and as you can see from couple of days ago to now (excuse the lighting) its been gutterd, and new wall studs are going up. We would anticipate this...

Hahahaha, Nah was broken into.... Termites were through the walls. This is good because we can remodel the whole property at the same time. Nah didnt do any graffiti, if i wanted too there wasnt enough blank space on any walls to even tag :) Even the kitchen has graffiti in/on the...

Ok just an update..... We have just started works on these yesterday. I have attached some before picks for reference so you can see the damage. For under $60k for total project we will have these fully transformed. I will post more pics shortly and we will have update on next tuesday...

Nice email WW, and good seeing you @ auction Tyger. :) The property is being bought and sold in same market, therefore risk is also limited with such a high gain...

Hey Marc, True, 769 is a lot.... However its 2 x duplexes, which are working on a fully renovated product which should archive $380-420per week each side. Figures are based on recent sales and homes currently on the merket. Settlement is 28 days. Reno should take no longer then 28...

Hey WW, Thanks for the questions... :) I just source the properties for others for a small fee.. its win win... My deals i do on my own i do on my own, seperate to these... its a case by case scenario. However I am backed by team of professionals whom have been carrying out these...

The risk i belive is 0 as it is so so cheap. there is so much upside with very little downside... always is what ifs, however this is the risk of any purchaser. The purchaser obviously holds the risk on this one, but it is minimal as terms are negotiated where it is finished by settlement and...

Oh yeah sash good points, also 1 last point for Evan.... People here know the purchasers of this one along with all their other projects.... They dont buy a little scummy house here or there... they are active, purchasing daily... the company who is the client on this one has now turned over...

Thanks to everyones feedback. Keith will do :) The duedilligance was knowing the numbers and understanding potential upside/downside. And those whom this is for are running about 10 similar projects a week therefore this is an easy one. Its not burnt, the walls are eaten, however they are not...