Hey guys! I’m new to this forum so I’m sorry if I’m asking silly questions.
I’m a qualified carpenter and the age of 22 I’m saving for my first home and to get into developing..
I’ve been doing a lot of research about developing preparing myself for the first step.
The only thing that concerns me is that I sore a house in Doveton which is in Melbourne and last year it sold for 260,000 and was very run down I sore it a week ago for 290,000 and they has done a beautiful renovation on this house but would of cost at least 30,000 on materials.
My question is are there ways to make profit doing this?
I’m keen to do all the work myself i have been lucky to have been shown many other trade skills so hopefully it will help.
I have heard of people doing this for a living and that’s what I’m hoping to do in the future.
Just the numbers don’t seem to add up should i be looking at doing this in more expensive areas where should I start?
Thanks for your time guys Dean
I’m a qualified carpenter and the age of 22 I’m saving for my first home and to get into developing..
I’ve been doing a lot of research about developing preparing myself for the first step.
The only thing that concerns me is that I sore a house in Doveton which is in Melbourne and last year it sold for 260,000 and was very run down I sore it a week ago for 290,000 and they has done a beautiful renovation on this house but would of cost at least 30,000 on materials.
My question is are there ways to make profit doing this?
I’m keen to do all the work myself i have been lucky to have been shown many other trade skills so hopefully it will help.
I have heard of people doing this for a living and that’s what I’m hoping to do in the future.
Just the numbers don’t seem to add up should i be looking at doing this in more expensive areas where should I start?
Thanks for your time guys Dean