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I wonder who Investor J is. 1st post :) Good to get the details, although still a little misleading - reno in 10 days, sell in 10 days ...20 days turn around. This will only encourage more people ....oh that's right, that is what Cheries idea is :D House sold at auction early December, settle...

A deposit of 5% is not a cost which cuts into profit, it would be a part payment and deducted from $319k, but I will do JV with you anytime where I cover costs and split the profit with you :D Costs will vary from person to person - sol costs, interest rate, agents fees, rates, insurance, etc...

Did anyone see the show last night? One more to motivate people to think they can make a quick buck by flipping........ without factoring in the full costs or pay too much as many people do, or overcapitalise. details bought at DOH auction $319k ... a bargain apparently!!! A valuer put...