2024-10-21 16:02
Here is my recent property deal near Newcastle, UK 🇬🇧 - Bought a house for £84k+2k legal costs - Refurbishment £18k = £104k total OR (40k cash) For the last 12 month I have: - £10,000 profit for the lease extension on this Property - £500-800 profit before taxes per month= £600avg*12 month=£7,200 - Refinance 75% of 100k (new valuation)= £75k-63k= £12k spare cash. Total income recieved = 10+7.2+12= £29.2k Outcome = £10.8k still left in the deal. Would you do that?
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