Lizzie did a reno and made $95k in 18months tax free! Yield was probably just over 10%. If she had annalysed that too much, she could well have missed out on a $95k profit!
Good luck to you!
the yield was only 15% at $105k profit - but considering it was only part time and i could still be involved in the school, long lunch with friends, get another business started, pick up and drop off my daughter, be home for the school hols, do some south coast travelling, spend days taking stepkids for driving lessons, do all the house stuff (cleaning, baking, shopping) or just chilling out etc etc ... it was very part time .
there is no way on god's earth i could've made that sort of money in a "job". and there is no way i could've had the freedom to do all of the above and more.
but then - if i had to split the profit with equity partners, then the figures look a lot sadder at perhaps only $35k each if 3 ways. i prefer to go it alone and reap the entire reward for myself.