MELB: still time to Buy Reno Flip?

Discussion in 'What to buy' started by zed_kid, 23rd Sep, 2016.

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Buy Reno Flip in 6 months in Melbourne inner/mid West?

  1. YES

    35.7%
  2. NO

    64.3%
  1. Big Will

    Big Will Well-Known Member

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    Free protein snacks inbuilt?

    Depends on the extent of the damage it could be minor, it could effect one room or the whole house. Each has pros and cons.
     
  2. pianissimo

    pianissimo Member

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  3. big max

    big max Well-Known Member

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    Gold Coast
    I would say still yes, but ask also why? The easy money has been made. Easiest renno flip opportunities are clearly right now in Gold Coast and Brisbane.

    Follow then 5 o'clock - timing is your friend.
     
  4. Coastal

    Coastal Well-Known Member

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    Location:
    Brisbane
    Tax is a cost of doing business if one was to choose this path.
     
  5. Greyghost

    Greyghost Well-Known Member

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    Location:
    Brisbane
    As with any profit making undertaking in mind.
    My point was more that tax is not factored into the feaso from the outset.. EBITDA is all well and good... Cash is still king