17/10/2026
$125,717.58 profit, more than double what the feasibility predicted.
Vipul Nagpal bought this one for $500,000 from a private seller via letterbox drop and a video inspection. Sold for $725,000. Funded with a money partner.
Vipul has done about 30 deals and now does it full-time. Heās killing it no matter what the market is doing, because he finds markets with potential. A couple more are in the pipeline in regional NSW and one in Perth.
THE NUMBERS
Purchase price: $500,000
Purchase costs: $24,002
Renovation: $26,000
Holding costs: $5,030.42
Interest to money partner: $28,750
Selling costs: $15,500
Selling price: $725,000
Profit: $125,717.58
MEET VIPUL
Vipul is originally from India and moved to Australia with his wife in 2019. They now live in Newcastle, NSW. He started in IT and began flipping homes on the side after joining redmaneproperty in November 2023, then went full-time in property.
His approach is completely hands-off and remote. He researches locations, runs the feasibility, builds the right team on the ground, manages projects and keeps sourcing deals. It started as a skill and side hustle to build a roadmap to financial freedom and the independence to spend his own time.
THE DEAL
This one came from a letterbox drop. After the owner called, Vipul arranged a video inspection through his property manager, then spoke with the owner to understand why he was selling. He tailored his offer around the sellerās needs, including a lease-back that gave him extra time to relocate.
The renovation was a simple refresh rather than a full reno, and came in at just $26,000.
What he took from it:
Always make an offer, especially with a private seller.
Adapt to the seller. This one was a truckie who preferred texting and disliked agents, so Vipul built rapport talking cars.
Educate sellers on the sale process rather than assuming they know it.
Renovate with the end buyer in mind, and watch the suburbās price ceiling to avoid overcapitalising.
$125,717.58 profit. Remote, hands-off and built on listening to the seller.
The deals are there. The profit is real. And once you back yourself⦠everything changes.
Incredible work Vipul. š