Mayfield (Newcastle) NSW flipper 2020

Discussion in 'Renovation & Home Improvement' started by tomlemke, 15th Nov, 2020.

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  1. Archaon

    Archaon Well-Known Member

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    Excellent result! Does your sales commission come out of the Gross Profit? :p
     
    Archaon, 27th Nov, 2020
    #21
  2. tomlemke

    tomlemke Well-Known Member

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    This is always my favourite part, purely for the fact that it makes access so much easier!

    The old driveway was so bad a normal car couldn’t drive down it, It feels like a Luxury reversing down the driveway.

    038D8DA1-A83A-4311-86B9-EA4814FF53DE.jpeg F1BFE397-6B4C-4D54-AE19-34002136CEB6.jpeg 0DB6DC88-9744-4E8A-AF1B-7F96DC80C855.jpeg 746D4209-6D8C-4FD4-88A8-2C94955044D8.jpeg 7B385355-5862-44BE-9B98-46D685007670.jpeg AD073BE1-E212-4B2A-BA63-D9729BBE8BFE.png
     
    tomlemke, 27th Nov, 2020
    #22
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  3. tomlemke

    tomlemke Well-Known Member

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    Private sale so no marketing, sales comm or staging costs which is a good saving.
     
    tomlemke, 27th Nov, 2020
    #23
  4. Archaon

    Archaon Well-Known Member

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    Indeed, but you the sales agent after all, just a pun with regards to your profession.

    Brilliant result, all parties happy.

    Will the new owners have a say in the works to be completed, or everything is already planned/approved/budgeted?
     
    Archaon, 27th Nov, 2020
    #24
  5. drg86

    drg86 Well-Known Member

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    Forster NSW
    Fantastic numbers mate. Breaks down to $900 a day/$6300 a week made while you sleep :cool:. Not too shabby for a side hustle ;). Got me keen to take on another project.
     
    drg86, 28th Nov, 2020
    #25
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  6. TylerJamesson

    TylerJamesson Well-Known Member

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    Gotta love old AAA Concreting hey @tomlemke ;)


    How much did something that long set you back if you don't mind me asking? Looks about 20m+ long?
     
    TylerJamesson, 17th Dec, 2020
    #26
  7. tomlemke

    tomlemke Well-Known Member

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    Your pretty much bang on, 19m x 3.3m $10,500including GST, also removed the lay back and a concrete path.
     
    tomlemke, 17th Dec, 2020
    #27
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  8. tomlemke

    tomlemke Well-Known Member

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    The final update, the house is all finished now settlement happened on Monday 14th.

    I’m really happy with how it turned out, now to find the next one.


    C8DC8009-A010-4B33-B541-FBE4382BD467.jpeg F377B5E4-0DBC-4FE9-8D3F-36EABB0DC395.jpeg D3A8E8AF-4F61-402A-909A-571BB77EAB36.jpeg 2BCC183B-5DBA-4E1F-961B-BFCB6BD2E12A.jpeg 33ACF681-B286-47E3-BA0A-D00F3ACBF64A.jpeg ED98AC0F-54B0-41F6-9FA0-3F4033735343.jpeg 02B9AA9C-F177-4D72-BDC1-0CEEF45EC8E8.jpeg
     
    tomlemke, 17th Dec, 2020
    #28
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  9. TylerJamesson

    TylerJamesson Well-Known Member

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    Multi-unit development build and hold... rental income and just let it compound.

    Rental income goes up... interest payments stays the same or goes down.
     
    TylerJamesson, 17th Dec, 2020
    #29
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  10. inertia

    inertia Well-Known Member

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    Awesome work! Thanks for sharing so much of the detail.
     
    inertia, 18th Dec, 2020
    #30
  11. Propertunity

    Propertunity Well-Known Member

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    +1 from me :)
     
    Propertunity, 18th Dec, 2020
    #31
  12. tomlemke

    tomlemke Well-Known Member

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    The happy purchasers , time for to put a pool in at home
    0F161721-639B-4BE7-B166-C4C462713BD2.jpeg
     
    tomlemke, 18th Dec, 2020
    #32
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  13. Victory

    Victory New Member

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    Adamstown
    I love how the buyer got to do some finishing touches too! Thanks for sharing @tomlemke
     
    Victory, 14th Feb, 2021
    #33
  14. Finds

    Finds Well-Known Member

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    Australia
    Hi Tom,

    I just had a specific question about the flooring in this reno. In the kitchen area did the flooring transition from Baltic to something else ? Cypress ?

    Currently in the middle of a reno and have old Baltic boards in majority of the home, and am tossing up whether to just go with something a bit cheaper like Cypress at the back end of the house which opens up out of the hallway, or to keep it consistent and pay a bit more for reclaimed Baltic.

    Thanks
     
    Finds, 25th Oct, 2021
    #34
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