Learn To Find & Flip Distressed Properties For Profits

Lisa and Shane

Port Kennedy, WA

Purchase Price: $455,000

Market Value: $469,000

Discount: $14,000

Profit: Projected profit $604,000

Rental income: $62,140 p/a

Property found: Found using RP Data and was an on-market

Strategy: Purchase and Hold for a passive income. Renovating the house into a share house.

Elizabeth Roughan

Blacktown, NSW

Purchase Price: $657,000

Market Value: ($737,000)

Discount: $80,000

Profit: $94,000

Property Found: Court Listing & On Market

Strategy: (Renovate & Flip) Current dwelling is two connected town houses which will be restored into one family home.

Chris Bye

Umina Beach, NSW

Purchase Price: $765,000

Market Value: ($965,000)

Discount: $150,000

Projected Profit: $200,000

Property Found: Relationship with agent

Circumstances for sale: Owner relocating into retirement home

Strategy: Renovation & Quick Flip

Lynn Couchman

Nundah, QLD

Purchase Price: $235,000

Market Value: $305,500

Discount: $70,500

Projected Profit: $40,000

Property Found: On Market

Strategy: Quick Renovate & Flip

Yvette Facchini

Padstow, NSW

Purchase Price: $693,000

Market Value: ($1,010,000)

Discount: $317,000

Projected Profit: $228,000

Property Found: Scoping potential homes & letter writing to mailbox

Circumstance for sale: Old & worn-out home with the homeowner wanting to leave but never took action to put the home on market.

Strategy: Straight sell

Sonya Shields

Katoomba, NSW

Purchase Price: $400,000

Market Value: ($580,000)

Discount: $180,000

Projected Profit: $56,000

Property Found: Court listed & reached out via letter writing

Circumstance for sale: Mortgagee sale the owner just wanted to sell the home & move on

Strategy: Renovate & Flip

Margin & Leanne

Bridgewater, VIC

Purchase Price: $380,000

Profit: $130,000

Property Found: Through agent relationship

Circumstances for Sale: Deceased Estate

Strategy: Renovate & Flip

Keith and Terri Greenough

Hervey Bay, QLD

Purchase Price: $175,000

Price Listed For: Market value ($340,000)

Discount: $165,000

Profit: $96,000

Property Found: On Market

Circumstances for Sale: Mortgagee auction

Strategy: Renovate & flip with DA approval to add granny flat

Karen Baldwin

Hawthorndene, SA

Purchase Price: $356,000

Profit: $85,000

Property Found: Watching RP Data & Realestate.com.au alerts & open for inspection

Circumstances for Sale: court order and sold via Auction

Strategy: Renovate & Flip

Anne Marie & Stuart Rayner

Mount Pritchard, NSW

Purchase Price: $481,000

Price Listed For: Market value ($525,000)

Discount: $44,000

Profit: $80,000

Property Found: ex-housing-commission listing

Strategy: Renovate & Flip

Keonie White

Reservoir, VIC

Purchase Price: $590,000

Profit: $75,000

Property Found: On market

Circumstances for Sale: Deceased Estate

Strategy: Renovate & Flip

Andrew Hamer

Mornington, VIC

Purchase Price: $215,000

Price Listed For: $280,000

Discount: $65,000

Profit: $70,000

Property Found: On Market

Strategy: Renovate & Flip

Paul & Rachael

Narre Warren, VIC

Purchase Price: $515,000

Price Listed For: $620,000

Discount: $105,000

Profit: $70,000

Property Found: Approached by agent and purchased off market

Strategy: Renovate & Flip

Anne Marie & Stuart Rayner

Glenfield, NSW

Purchase Price: $360,000

Price Listed For: $450,000

Discount: $90,000

Profit: $57,000

Property Found: Contacted through an agent

Circumstances for Sale: Owner heading into retirement and wanted quick sell.

Strategy: Renovate & Flip

Andrew Hamer

Dromona, VIC

Purchase Price: $470,000

Profit: $47,000

Property Found: On Market

Strategy: Renovate & Flip

Narina Christensen

Maylands, WA

Purchase Price: $169,000

Price Listed For: $200,000

Discount: $31,000

Profit: $43,000

Property Found: Through Agent relationship

Circumstances for Sale: Mortgagee

Strategy: Renovate & Flip

John Carew

QLD

Purchase Price: $250,000

Profit: $38,000

Property Found: Contacted by homeowner

Circumstances for Sale: Mortgage Stress

Strategy: Quick Cosmetic and Flip

Lisa & Jeff

Mayfield, NSW

Purchase Price: $457,500

Profit: $35,000

Property Found: On market Court List

Circumstances for Sale: Deceased Estate

Strategy: Renovate & Flip

Mary Liu

Sunbury, VIC

Purchase Price: Takeover Deal

Price Listed For: Not applicable

Profit: $1,13,000

Property Found: Approached by Owners

Circumstances for Sale: Distressed Property

Strategy: Flip

Anare Koliavu

Craigieburn, VIC

Purchase Price: Takeover Deal

Price Listed For: Not Applicable

Profit: $80,000

Property Found: Court List

Circumstances for Sale: Distressed Property

Strategy: Flip

Nichole Borrow

Seymour, VIC

Purchase Price – Takeover deal ( No Money Required)

Price listed for – Not Applicable

Profit – $100,000

Property found – Referral from DG Institute community

Circumstances for sell – Distressed

Strategy – Flip

Lynn Couchman

Wavell Heights, QLD

Purchase Price – $525,000

Price listed for – RP Data: $650,000 medium confidence

Discount – $125,000(19%)

Profit – $87,000

Property found – On market

Strategy – Flip

Mat Hope

Palm Beach, QLD

Purchase Price – $1,080,000

Price listed for – $1,100,000 to $1,200,000

Discount – $100,000 estimate

Profit – $500,000

Property found – on market

Circumstances for sell – Vendor selling investment property with DA

Strategy – Develop into triplex and sell

Julie Sherden

Wentworth Falls, NSW

Purchase Price – $675,000

Price listed for – $750,000

Discount – $75,000 (10%)

Property found – Open for inspection

Circumstances for sell – on market deceased estate

Strategy -Flip

Liz and Mike Roughan

Wentworth Falls, NSW

Purchase Price – $650,000

Price listed for – Auction (RP Data value $723-$750K)

Discount – $75,000 (11%)

Property found- Open for inspections

Circumstances for sell – on market deceased estate

Strategy – buy and hold – cash flow Register Now

Jason Chittenden

South Lake, WA

Purchase Price – $350,000

Price listed for – $420,000 bank owned

Discount – $70,000 (16.6%)

Property found – Court list

Circumstances for sell – mortgage

Strategy – renovate and flip