Glen came to Wise Real Estate Advice looking for a property to flip. The strategy was targeting an old rundown house then renovate for profit. Having a strict budget, we began a property hunt with the end goal in mind. Our team worked backwards starting with the final sale price of a renovated property, deducting the cost of renovation, fees/taxes and profit margin which gave us a shopping budget.
The criteria our buyers agents developed:
a renovators delight that’s structurally sound,
located within 7km of CBD,
quiet location, close access to cafes, public transport,
budget of around $800K,
a popular suburb that buyers will compete for.