Ok,
I made a vow not to purchase any more fire damaged properties due to time constraints now days.
Whats bad with that?
Well, I woke up Saturday morning to have the agent ringing me as no one has registered to bid on a property for sale? I said I wasn't interested, and the reply was, it is going to be cheap (i.e. land value) and thats when I thought I would scan a phone bidding consent to the agent.
The result is, that I purchased the property for $25,000 and requires a $20,000 - $25,000 renovation completed at the property.
$50,000 purchase (after reno)
$100,000 market value (after reno)
$200pw rent.
See pics attached, I drove down to inspect my purchase on Saturday arvo and took a video which I will put up soon.
Enjoy!
p.s. I will post some of my most craziest deals over the next week.
I made a vow not to purchase any more fire damaged properties due to time constraints now days.
Whats bad with that?
Well, I woke up Saturday morning to have the agent ringing me as no one has registered to bid on a property for sale? I said I wasn't interested, and the reply was, it is going to be cheap (i.e. land value) and thats when I thought I would scan a phone bidding consent to the agent.
The result is, that I purchased the property for $25,000 and requires a $20,000 - $25,000 renovation completed at the property.
$50,000 purchase (after reno)
$100,000 market value (after reno)
$200pw rent.
See pics attached, I drove down to inspect my purchase on Saturday arvo and took a video which I will put up soon.
Enjoy!
p.s. I will post some of my most craziest deals over the next week.