2 x buy, renovate and sell deals in Glenelg…

2 x property investment opportunities for your consideration…

Background: Our reno guru Andrew Farnden has just sourced two great renovation opportunities in Glenelg East and Glenelg North. Both 2 bedroom units are in excellent positions and are in need of a full cosmetic renovation [just how we like them!] – and both have been secured by Andrew at below market prices.

Andrew’s had a particularly successful couple of weeks and has negotiated a number of great deals. As is the case, he can’t take on every project he finds so he is offering these opportunities to the person/s who put their hands up first.

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 buying, renovating and selling units or townhouses.

But you’ll have to act immediately as the cooling off period for the contracts Andrew negotiated will expire soon.

There are a 2 ways that you might want to consider taking on these opportunities;

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 these units 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. 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 www.re-innovate.com.au for more details]

Here’s a basic snap shot of deal 1;
Suburb: Glenelg East
Original Asking Price: $330,000-340,000
Negotiated Purchase Price: $293,000
Discount: [from asking price] $37,000
Potential Profit: [on sale following the renovation] $25K – $45k

Here’s a basic snap shot of deal 2;
Suburb: Glenelg North
Original Asking Price: [Note: Unit 1 sold in Dec 2010 for $350,000] $315,000
Negotiated Purchase Price: $295,000
Discount: [from asking price] $20,000
Potential Profit: [on sale following the renovation] $25K – $45k

Smart investors will tell you that you need to make your money when you buy a property – well the hard work has already been done for you!

NOTE: If you are interested in either of these properties you will need to contact us straight away as the opportunities will not be available for long.

To discuss these investment opportunities further please call Andrew directly on 0431 940 873

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group
Finance Adelaide, Home Loans Adelaide

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Urbantech provides a complete service to build and protect your wealth; mortgage & finance broking, +plus a range of allied services. Simply put we'll make sure you get the best deal going. To get started today book in your FREE Finance & Wealth Evaluation or call us on 08 8451 1500

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