Hi everyone,
Ive had fair few requests to post some figures of latest purchases up, so here they are!, plus one of them was a JV, who the young girl had to pull out due to unforseen personal circumstances so I had to do all the work alone
Purchase 1:
http://www.realestate.com.au/property-house-nsw-woodberry-111354135
Purchase Price: $145k
Renovation Costs: $6500 + Flight/Hotel costs
Updated Rent: 310 pw
Updated MV: $220k - $230k
Yield: 10.6% (excl legals, management etc etc)
Work Done: - Tiled Kitchen, Dining, Bathroom, Laundry
- 3 new doors
- 5 New BIR doors
- Paint inside
- Paint outside gutters/rails
- Replaced one small wall
- 2 New Kitchen Cabinet doors
- Clean up/Garden back and front yard
- 5 new windows
- New Vanity, Toilet seat, shower rail, tap fittings
- New light fixtures
- New oven
- a few bits and pieces that I've forgotten
Purchase 2:
http://www.realestate.com.au/property-house-vic-morwell-111709047
Purchase price: $90k
Reno costs: $3-$3.5k forecast (property not settled yet)
Updated Rent: $180-$190pw
Updated MV: $135k
Yield: 10.3%(excl legals, management etc etc)
Work to be done: New Heating system
- Paint Outside
- A few unforeseen bits and pieces
Photos coming once agent takes some better shots
Continual thanks to my team, friends and contacts, Couldn't have done it without you!
Happy Buying everyone!:
Ive had fair few requests to post some figures of latest purchases up, so here they are!, plus one of them was a JV, who the young girl had to pull out due to unforseen personal circumstances so I had to do all the work alone
Purchase 1:
http://www.realestate.com.au/property-house-nsw-woodberry-111354135
Purchase Price: $145k
Renovation Costs: $6500 + Flight/Hotel costs
Updated Rent: 310 pw
Updated MV: $220k - $230k
Yield: 10.6% (excl legals, management etc etc)
Work Done: - Tiled Kitchen, Dining, Bathroom, Laundry
- 3 new doors
- 5 New BIR doors
- Paint inside
- Paint outside gutters/rails
- Replaced one small wall
- 2 New Kitchen Cabinet doors
- Clean up/Garden back and front yard
- 5 new windows
- New Vanity, Toilet seat, shower rail, tap fittings
- New light fixtures
- New oven
- a few bits and pieces that I've forgotten
Purchase 2:
http://www.realestate.com.au/property-house-vic-morwell-111709047
Purchase price: $90k
Reno costs: $3-$3.5k forecast (property not settled yet)
Updated Rent: $180-$190pw
Updated MV: $135k
Yield: 10.3%(excl legals, management etc etc)
Work to be done: New Heating system
- Paint Outside
- A few unforeseen bits and pieces
Photos coming once agent takes some better shots
Continual thanks to my team, friends and contacts, Couldn't have done it without you!
Happy Buying everyone!:
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