Jan 12 • Wins
Another offer excepted
Deal sourced in our Property Assistant application found us a property to view last week in Blackpool. 2 bed flat in the town centre needing a light refurb. Flat also has parking which is a huge bonus.
Repossessed by the bank and up for £50,000. Offered £42,000 which was refused and final offer of £43,500 given and accepted.
GDC £10,000
GDV £89,480
ROI 41.17%
Funds left in : - £3728
When we get the keys we are going to turn this round in 4 weeks and arrange for management company to source tenants. As we getting all our money back out on refinance plus some, we are adding to our portfolio as a BRRR instead of flipping.
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Another offer excepted
skool.com/the-property-wealth-academy
The Property Wealth Academy gives you the complete system to source, analyse, and secure high-cashflow deals — step-by-step, no fluff, no theory.
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