PROPERTY FLIPPING Australia [detailed numbers u0026 target $50k+ Profit]

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Title	:	PROPERTY FLIPPING Australia [detailed numbers u0026 target $50k+ Profit]
Lasting	:	17.27
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Views	:	12 rb

All obvious superfical renovations brbrThings to consider from a buyers perspective is when you see a house has been bought ony a few months earliwr and resoldwith renovations is that everything will have been done as cheap as posibleand most likely not by tradies byt by the flippers brSo the work will be sloppy
Comment from : Fred

So if you sold it you would of sold it for $50000 more whichthan would get taxed???? And how would of you planned to pay the repayments?? I can’t afford 2 houses of repayments??
Comment from : DeeTube

Hey mate, enjoying your content brI’ve just done a similar reno at Redcliffe so it’s really relevant to what I’m doing at the moment brThanks, keen to see more updates!
Comment from : Henry Budd

Thanks for your great video!
Comment from : ontheroad

Always great to see how you break down the process and include the numbers Luke
Comment from : Jesse H

Hardest thing at the moment is not overpaying, as in buying now and with increasing rates find out you cannot sell a renovated property for the price you originally purchased it at Realistic scenario to run with if you factor in 10-15 percent drops from current prices Downlights, new fans, paint and some landscaping do go a long way, however as the saying goes you can't put lipstick on a pig, overcapitalizing in an area with certain socio-economic profile and low spread between the "expensive and cheap houses in a street" is a real risk
Comment from : Benny Digger

Great content Would like to see more such property around 500k - 600k!!
Comment from : inyo rocks

485k is a very good buy for this house I am not a DIY person but would have outsourced to tradies for paint and carpet Spent max 15k and rented it for 500pw Another point to consider while valuing the property is it doesn't have a garage just a carport
Comment from : inyo rocks

Thanks for doing the vid, and showing us the numbers
Comment from : William Crossan

Great video Luke Better Luck next time man
Comment from : David Peterson

These Auctions can be exciting for buyers involved Yeah I agree Luke, better to stick to our own budget and go with that as you correctly mentioned, these types of properties pop up from time to time Better to wait than regret! Another Great content! Cheers 👍
Comment from : Down Under

How much would be capital gain tax after selling within 6 months?
Comment from : Milena Dobrucka

So basically you work as a tradie and an agent and risking under high rate mortgage for only $50k profit in 6 months? brWould it be easier to just work as a tradie and as an agent and make more money with almost no risk?
Comment from : Vitaly Borisov

Great video mate Boronia heights is a treasure chest of a suburb if you can get a good deal What other suburbs are you looking at for flips?
Comment from : Andy Keene

Fantastic video, thanks for sharing! brI agree you need to crunch the numbers and stick to your limit brIt's so easy to become too emotionally attached to a property and get caught up in the momentbrLoved the potential ideas you envisioned the house had a lot of natural light and seemed to only need updating, painting & new flooring throughout I prefer seeing vacant properties as you're not distracted by clutter or ugly furniture 😆 I think it's smart that you're growing multiple streams of income to achieve your goals sooner rather than later we're just in the process of selling our house here in the UK as we're moving back to Brisbane permanently (just waiting for the paperwork to be finalised etc) our plan is to use most of the house sale money as a deposit towards a cheaper house and rent it out here and put a deposit on another house in Brisbane area so we're spreading our risk what do you think?
Comment from : Nanise Thistleton

great video matethanks for sharing
Comment from : chikowhitey

Its difficult to flip properties in QLD because stamp duty kills so much profit You should also talk about the ownership structures to maximise your profit
Comment from : phxhwk

Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days
Comment from : Johnson Mark