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It is essential that you use a redraw facility. Banks will get suspicious at the amount of credit inquires that you are undertaking. However, this should be better now due to positive reporting.

Personally I work it out on an annualised captial ROI. For me personally, I find this is the best way to compare deals. The profit I work on for my buy/reno/flip is about an 8% gross margin on the deal. So an example is as follows: Purchase Price: 440k Sale Price: 535k Reno Costs: 25k...