Aus Reno Mastery with Jimmy, PK & Adel

What does a $100,000 renovation deal actually look like before the profit has been made? In this episode, we take you inside a real renovation project Jimmy is working on right now in Geelong. He breaks down the deal from start to finish, how he found the property, negotiated the purchase price down to $480,000, planned a $40–45k renovation, and worked backwards from the expected resale value to target around $100,000 in profit. But this isn't just about renovating a house. We get into the numbers, systems and decisions that can make or break a property renovation deal, from choosing the right suburb and avoiding overcapitalisation to managing trades remotely and knowing when DIY actually costs you more. In this episode: How Jimmy found and secured his $480k Geelong renovation The numbers behind a potential $100k renovation profit How to renovate for profit without overcapitalising Why location, comparable sales and holding costs matter How to manage trades, timelines and renovations remotely If you're looking to build equity, create cash flow or make bulk profits through Australian property renovation, this episode gives you a real-world look at what it actually takes. Key moments: 00:00 Inside a property renovation targeting $100k profit 03:06 How Jimmy found the right Geelong property 06:08 The negotiation tactic that secured it for $480k 09:13 Where to spend and save on a profitable renovation 12:05 Why renovation timelines can destroy your profit 15:10 How to manage an interstate renovation remotely 18:09 Why the profit is often made before you renovate 21:00 How to know if a renovation has enough profit margin 23:13 The overcapitalising mistake property investors keep making 26:09 How to make every renovation dollar work harder 29:02 When DIY renovations actually cost you more 32:55 When to get off the tools and start scaling 34:11 How to build a renovation team you can actually trust 36:04 The dangerous mistake to avoid when paying trades Connect with us: Website: https://www.propertywithpk.com.au/ Facebook Group: ⁠ https://www.facebook.com/groups/746865421713265 Facebook Page : ⁠⁠ https://www.facebook.com/people/Property-With-PK-Property-Renovation-Accelerator/61582848954442/ Instagram: ⁠https://www.instagram.com/auspropertymasterywithpk/ YouTube: ⁠ https://www.youtube.com/@AustralianRenovationMastery #PropertyRenovation #RenovatingForProfit #AustralianProperty

Making $100K profit on your first renovation deal might sound ambitious, but once you understand the numbers behind a profitable renovation, the process becomes a lot simpler. Between Jimmy, Adel and I, we’ve been involved in more than 150 property deals, and in this episode we break down how we actually think about renovating property for profit in Australia. We talk about how to identify a property with genuine renovation potential, how to work backwards from the end value, and why being great at construction or design isn’t what ultimately determines whether you make money. We also get into some of the biggest renovation mistakes we see investors make, where you should actually spend your renovation budget, and one of our favourite strategies for manufacturing equity: turning a three-bedroom property into a four-bedroom home. In this episode: How to structure a renovation deal targeting $100K profit The biggest mistakes that cause renovators to lose money Which renovation improvements deliver the best return Why adding an extra bedroom can dramatically increase property value How money partners and private lending can help fund a renovation If you’re thinking about renovating for profit, manufacturing equity or using property renovation to generate additional cash flow, this episode gives you a practical place to start. Key moments: 00:00 How to make $100k profit on your first renovation 05:08 Why renovation can accelerate your property portfolio 09:30 The numbers behind a profitable property flip 14:01 Why so many property renovators lose money 17:34 The renovation mistakes that destroy your profit 20:53 Where to spend money for the biggest property value increase 25:48 The simple cosmetic renovation that can transform a property 29:27 Why adding a bedroom can manufacture serious equity 32:23 The hidden renovation costs investors forget to budget for 35:46 How to fund a renovation when you don’t have enough cash 40:34 The easiest way to start renovating without buying another property 44:52 What we’ll be breaking down in future renovation deals Connect with us: Website: https://www.propertywithpk.com.au/ Facebook Group: https://www.facebook.com/groups/746865421713265/ Facebook Page : ⁠https://www.facebook.com/p/Property-With-PK-Property-Renovation-Accelerator-61582848954442/ Instagram: https://www.instagram.com/auspropertymasterywithpk/?hl=en YouTube: https://www.youtube.com/@AustralianRenovationMastery