Page 17 - Ian Cowie
P. 17
THE NUMBERS
THREE BEDROOM FLAT
This 3 bedroom flat was purchased direct to vendor. The vendor had already
done the majority of the refurbishment.
The vendor is a retiring landlord looking to sell off his portfolio. I have built up
great rapport with the vendor, and we agreed on a price that both sides were
happy with. It’s a win-win!
Property is all about relationships. Build great relationships with the right
people, and you will get great deals.
PURCHASE PRICE £53,500
LEGAL FEES & STAMP DUTY £4,274
REFURB £5,305
TOTAL MONEY IN DEAL £63,580
MONEY OUT ON REFINANCE £60,000
RENT £595 PCM
