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$126k Equity Boost In 9 Weeks Renovating A METH HOUSE | Full Walkthrough + Budget Breakdown
Manage episode 493976346 series 3642026
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Most investors would run from a meth-contaminated property - but I saw an opportunity.
In this episode of Rentvesting, I take you inside my most challenging property renovation yet: transforming a meth house in Western Australia and turning it into a stunning rental property.
From a trashed, toxic mess to a family-ready home, I’ll walk you through the entire property transformation, including:
✅ How I found this off-market deal
✅ The difference between a meth cookhouse vs smokehouse
✅ My full meth testing and professional remediation process
✅ A line-by-line renovation budget breakdown
✅ Strategic decisions like keeping a damaged pool
✅ And the final profit - over $126,000 in under 10 weeks
(This episode is best viewed on YouTube)
This is a real estate case study on how to handle distressed property renovation, turn problem properties into profits, and build serious equity through smart investing.
Key Points
00:00:00 Property Discovery
00:04:40 Finding Off-Market Deals
00:05:40 Cookhouse vs Smokehouse
00:07:00 Meth Testing Process
00:08:40 Professional Cleaning
00:10:00 Renovation Budget Breakdown
00:14:00 Property Transformation Results
00:15:40 Final Numbers Analysis
Whether you're a new or experienced investor, this video shows what it's really like to tackle a meth-contaminated house renovation - from risk assessment to final valuation.
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Disclaimer: All information contained in this podcast is general in nature and does not consider your individual circumstances. You should consider the appropriateness of this information with regards to your individual objectives, financial situation and needs, and speak to a professional.
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