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Tag: EPISODE 10

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Renovating interstate & BRRRR with Thao

Post author By Jonathan Vallejo
Post date February 21, 2024
No Comments on Renovating interstate & BRRRR with Thao

Tags EPISODE 10

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“NSW is too expensive“ 😉 #nsw #australiarealestat

“NSW is too expensive“ 😉

#nsw #australiarealestate #property

Creative finance + Money partners ✅ #flip #reno #

Creative finance + Money partners ✅

#flip #reno #moneypartner #profit

Jordan and Nigel made $260,000 profit after all co

Jordan and Nigel made $260,000 profit after all costs on their first property flip.

Off market.
Never advertised.
Never went to market.

Read that again.

First deal.
$260,000 profit.

⸻

Jordan and Nigel are business partners… kind of related… step-son and step-dad.

They decided to join forces and tackle their flipping journey together.

And here’s what makes this deal even better.

Nigel lives next door to the property they secured.

⸻

How the deal happened

Nigel didn’t really know his neighbours.

One day, they had a chat.

They told him they were separating and needed to sell.
They didn’t want agents.
They didn’t want open homes.
They wanted a quiet, clean solution.

Nigel offered to buy it.

After some negotiation, the deal was done before it ever hit the market.

Purchase price: $900,000.

This wasn’t a typical investor property. These are one-acre lifestyle blocks in Falcon. Big homes. Usually family buyers, not investors.

Nigel also negotiated early access before settlement, allowing works to start immediately and keeping holding costs extremely low.

That’s the power of negotiation.

⸻

The result

They conservatively expected a resale around $1.3–$1.4M.

It sold for $1.5M.

Always run conservative numbers. Upside is a bonus.

⸻

The deal

Off market
Purchase: $900,000
Renovation: $245,000
Sale: $1,500,000
Profit: $260,000 after all costs

Split evenly.
$130,000 each.
From their first deal.

⸻

Why the partnership works

Jordan is based in Perth.
Nigel is on the ground in Falcon.

Two locations.
Two hunting grounds.

Nigel handles feasibility and numbers.
Jordan manages trades and execution.

Clear roles. Shared vision. More deals.

⸻

They’re already hunting the next one.

After a $260,000 profit on their first flip together, this partnership is only getting started.

Incredible first deal, Jordan and Nigel.

#profit #flip #renovate #offmarket

To all the people that say “ why would you flip ho

To all the people that say “ why would you flip houses, why not just hold” 🙄

#flip #flippinghouses #australiarealestate

Disclaimer: The information provided on this website, including all statements, opinions, and documentation, is for general informational purposes only. It should not be construed as financial advice, nor does it take into account your specific investment objectives, financial situation, or particular needs. Members and representatives of Red Mane Pty Ltd A.C.N 668 333 097 and its directors, related entities, agents and employees, are not licensed to give advice in relation to financial products, including Self-managed Superannuation Funds. You should obtain your own financial, taxation and legal advice before making any investment decision.

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info@redmane.com.au

NEWSLETTER

Email

www.redmane.com.au © 2026 All Rights Reserved | Privacy Policy | Made with ❤️ by Get Curious Studios

About
Property Flipping & Coaching Programme
Testimonials
Deals
- Flip Deals
- Buy/Renovate/Hold Deals
Media
- Featured In
- Podcast
- Blog
Contact

About
Property Flipping & Coaching Programme
Testimonials
Deals
- Flip Deals
- Buy/Renovate/Hold Deals
Media
- Featured In
- Podcast
- Blog
Contact