$119,000 pre-tax profit
- Assetlab Team
- Jul 29, 2022
- 1 min read
Say this slowly along with us: "One Hundred and Nineteen Thousand Dollars Profit".
Did that sink in?
It is off a $408,695 (excl) purchase, in Auckland, and completed and sold this month by one of our tribe. We wonder how many of these do we need to post to make the 'you can't do that any more' people start to get curious?
Anyway, check out the photos of the transformation! And since we know you're all numbers-weirdos like we are, here are the ins and outs:
Purchase Price: $408,695 (excl GST) Renovation: $74,000 (excl) Holding costs: $9600 Agent fee: $18,100 (excl)
Profit after GST: $119,170 (pre-tax)
The reno took slightly longer than normal, nearly six weeks, but the photos tell the story. Four weeks from going to market to unconditional sale with some spirited negotiation.
A lot of people are on 'pause' at the moment, but the deals keep coming.
Seriously, how many deals like this would it take to make a real difference?
This article presents an intriguing case study in real estate investment, particularly highlighting the financial dynamics involved. The mention of the $119,170 profit indicates a significant return on investment, showcasing the potential benefits of strategic renovations and market timing. However, one must consider the underlying risks and market fluctuations, illustrating that the spirit of investment can vary greatly depending on individual circumstances and broader market conditions.
The article raises interesting points about the profitability of real estate investments, especially in the current market climate. It is curious to consider how many similar successes could potentially shift the mindset of skeptics. The mention of a $119,170 profit is eye-catching, but it begs the question: what underlying factors contribute to this success, beyond just sheer luck or timing? Woo https://woo.geek.nz/ is an intriguing phenomenon as it suggests a deeper exploration into the behaviors and strategies of investors.