$180K Renovation Equity
About this lesson
$180K Renovation Equity Oliver Jackson breaks down a real renovation deal that turned into instant equity. After purchasing for $630K and spending $41K on upgrades, the total cost came to $670K before a valuation came in at $850K, creating around $180K in equity uplift while also achieving strong rental yield. See how experienced renovators create value where others see problems. Watch the full episode to learn how a neglected deceased estate was transformed into $180,000 of equity in just a few weeks and the key principles behind finding profitable renovation opportunities.
Full Transcript
What did it end up costing? What did you end up making? Where Where's it all sitting? >> We spent 41,000 on the reno. So, as I said, 20,000 bucks for rubbish. >> Mhm. >> Uh 3,800 for floors, 12,000 for paint, the handyman just to fix up all the all the all the things. Uh blinds. Um so, we're all in So, we paid 630, all in 670. Valuation 850. So, what's that? 180 grand. And yeah, renting at 590 a week. >> Okay. So, your yield's pretty decent. Uh what are you at? Like 4 and 1/2-ish percent? Something like that? Your equity uplift then is is how much? >> 180.
Original Description
$180K Renovation Equity
Oliver Jackson breaks down a real renovation deal that turned into instant equity. After purchasing for $630K and spending $41K on upgrades, the total cost came to $670K before a valuation came in at $850K, creating around $180K in equity uplift while also achieving strong rental yield.
See how experienced renovators create value where others see problems. Watch the full episode to learn how a neglected deceased estate was transformed into $180,000 of equity in just a few weeks and the key principles behind finding profitable renovation opportunities.
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