- Hi guys,
I thought I would spruik myself a bit and reveal the most recent project I have been working on. I purchased a 4 bed vandalized home in Moree for just $15,000 after it was initially on the market for $80,000. I am just in the process of renovating and am driving tonight to Moree to see how everything is going. I am a bit scared of the drive as the last time I embarked on such a long distance drive by myself I almost died in a car accident.
I have done a Nathan Birch style video of before the reno so your can view this by clicking on the link below:
http://www.youtube.com/watch?v=ooPTnnoG2pA
A story on this deal is also coming out in the September edition of the API magazine. Please feel free to contact me anytime with any questions you might have as I am more than happy to answer them.
Thanks for your time.
Regards,
Engelo Rumoraps. Add me on facebook for live updates on how the reno is going.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Engelo,great video mate ,the link doesnt work but i saw it on your website .how did you manage to find this sort of deals ,cheers
Hi APWPG,
Sorry about that I just added a new link from youtube.
The property was on Nathan Birches Dealfinder around a year ago. I have been to Moree and other regional towns many times and am always on the lookout for these cheapies. I kept an eye on this one and was in constant contact with the agent for over a year. It took ages to get it across the line. I am just working on another one probably buy around the same price but needs major renovating.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Well done.
For those who do not know the Moree area can you give us all a little information on the area, ie population etc. I understand it is a regional area? Will it be easy to rent?
What is the biggest risk in buying this type of property? I know Nathan purchases outside the square properties for his clients so is he also purchasing properties that only attract tenants from hell. I would like more info, as I love the entry level, .you may be lucky to buy a new car for $15K.
WI
Thanks for sharing this Engelo
Look forward to seeing the end product!
kong71286 wrote:Thanks for sharing this EngeloLook forward to seeing the end product!
Thanks kong71286,
I’m also looking forward to the end result, it’s a great feeling transforming these kind of properties.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Engelo,
Great video, you may have to start your own tv show.
Engelo's Reno's!
Dubstep wrote:Hi Engelo,
Great video, you may have to start your own tv show.
Engelo's Reno's !
hahahaha.
Thanks Dubstep, there are too many shows on reno's as is. I have something else in the works but it wont involve the Australian market.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
$15k! That buys me a couple of french doors and a few windows in our PPOR.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: info@passgo.com.au
It is what my wife spent on shoes when we were in Paris last year …..
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Engelo your becoming a slum lord
Hi Freckle,
Thanks for your comment.
I am trying not to be haha, I renovate to a better standard than what slumlords do.
Hope your well mate
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Taylor,
Thanks for your comment.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Mate,
Good luck – looks like its a lot of hard work but im sure it will pay off. Keep the team here posted the progress!
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Hi Engelo, that seems like a lot of reno work for $14,000.
Are you using local tradesmen or are they from out of town?
Great video and also looking forward to the end product.
Hi Shahin,
Thanks for your comment. Quite a bit of work with this one. Its coming along nicely tho.
Regards,
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi S,
All of the trades are local from Moree. The renovation is very basic. Most materials were bought at Bunnings.
I will upload a video of the progress in the next few days.
Thanks.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
IM IN HEAVEN
Below is a link of how the renovation is progressing on "Australia's Cheapest House" in Moree NSW. I hope you enjoy. I normally have a nice voice it just sounds wierd this time
http://www.youtube.com/watch?v=VCSe4_LITeE
Regards,
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Looking fantastic mate! Good stuff!
You must be logged in to reply to this topic. If you don't have an account, you can register here.
