Background: Our reno guru Andrew Farnden has just sourced a great renovation opportunity in Glenelg East. The 2 bedroom townhouse is in a top location, is in need of a full cosmetic renovation [just how we like them!] and has just been secured by Andrew at a fantastic price.
Andrew was in fact negotiating the purchase on behalf of one of our clients however their circumstances have changed and they are no longer able to go ahead with the purchase.
If you have been to one of our renovation seminars or completed our 2-day renovation workshop you’ll know that Andrew consistently makes $25-50k in profit from buying, renovating and selling units or townhouses. He would normally have kept this deal for himself however he is fully loaded with his own personal projects at the moment and so is offering this opportunity to the person who puts their hand up first.
But you’ll have to act immediately as the cooling off period for the contract Andrew negotiated ends on midnight Thursday 21st of April.
There are a couple of ways that you might want to consider taking on this opportunity;
1. Do the project yourself
Simply pay us a small buyers fee for the deal and it’s yours. You take over the purchase contract [at Andrew’s discounted price!] and become the owner, then you can renovate the property and sell it for maximum profit. Alternatively it would make a great hold investment if your looking to add to your property portfolio.
2. Do the project with us
If you don’t feel you have the know-how and confidence to do a renovation deal like this on your own we can help you. As above you would take over the purchase contract and become the owner, but rather than renovate it yourself you could get us to guide you through the project including contracting us to do the entire renovation for you [via our renovation service – see http://www.re-innovate.com.au/ for more details]
Here’s a basic snap shot of the deal;
Suburb: Glenelg East
Original Asking Price: $305,000
Negotiated Purchase Price: $275,000
Discount [from asking price]: $30,000
Potential Profit [on sale following the renovation]: $25K – $45k
Most investors will tell you that you need to make most of your profit when you buy a property – well the hard work has already been done for you!
NOTE: If you are interested in this property you will need to contact us straight away as this opportunity will not be available after Thursday 21st April.
To discuss this investment opportunity further please call Andrew directly on 0431 940 873
PS. If you want to learn how to make $50k+ profits buying and renovating property we can help. Simply attend our next renovation seminar on Wed May 4th – for all details and to register your place click here
Your Partner in Success,
Finance Adelaide, Home Loans Adelaide