We’ve had lots of questions come in from listeners, so this week we share our thoughts and experience with flipping properties and answer three of our most frequently asked questions.
• Can you make money flipping….well, yes…and no….? We share our approach to the property flipping ‘business’. What do we consider when approaching a project, and what is ‘manufactured growth’? From our perspective, you make your money when you buy your flip-project, not when you sell!
• Mitch often talks about ‘reducing the apologies’ in a property. We’re asked what that actually means, and how do you do it. We share a couple of examples of how an ‘apology’ in a property we bought, became an opportunity to create added value where other potential buyers couldn’t see it.
o Our Tamarama Flip
o Our Woolloomooloo Flip
Keeping to budget in any renovation is tough. Are there tricks to keeping on budget? We share some of our approaches to managing a budget while property flipping, and options for saving money along the way.
For more of our tips and thoughts on property renovations and styling please;
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See our weekly column in Australian Community Media, called ‘Reality Reno with Mitch and Mark’,
Head over to our website mitchandmark.com for :
See you at our store, Mitch and Mark HOME, Shop 2, 366-368 Barrenjoey Road, Newport Beach,
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