I like to ask everyone how good are they at creating instant equity without a booming or growth market.Probably investors in the market before the boom or Investors in regional areas would have had to do this more the capital city investors please give examples if you have done this?
Hi Nailwog,
This is an interesting topic, and id love to respond to it, but this one i got to hold back, but creating instant equity and finance can easily be done.
These are just basic ideas, though i dont do any of them.
Find Money Partners
Flips
Ask the Vendor to hold some money back in the deal.Cheers,
sisAs I see it there are two ways to create equity.
The first is obviously to buy below market value.
Second is renovation etc.
If you’re just starting off there are plenty of low cost things to do.
1. Improve street appeal
2. Create outdoor entertainment areas
3. Painting (yuk)
4. Removing clutter
5. Gardens / lawns
6. Brighten up dark areas of the house using skylights, lighter curtains or remove trees/plants blocking windows etc. Maybe paint walls a lighter colour.
7. Removal of all rubbish, general tidy up and lots of cleaning.
8. New kitchen benchtop and cupboard doors
9. Replace worn out carpet with good quality carpet remanants which can save heapshmm boss coming
gotta gomick
Nailwog,
I don’t know about creating “instant equity”. Property isn’t a cake mix.
Generally, it takes a while to have CG (presuming this is what you mean by “equity” in this context).
The property market hasn’t shut down entirely in Australia. Many pundits will suggest that there is still some heat, for example, left in the Qld property market- due to strong immigration trends etc. So you could still make a purchase in the Qld market and hope the market might lift a bit.
I bought a property 6 months ago- paid full price for it. Two months later, I got it revalued and it had risen 28% on its purchase price. So that is equity- but it’s not like I’d sell it or anything. The other thing with equity is that prices might go down, so equity isn’t a fixed thing. Guess that’s the risky thing about buying through equity- you don;t wanna end up having negative equity- that could shut you down.
There’s no magical formula, Nailwog- just buy well.
kay henry
Hi all I posted this topic to see how many true renovaters or investors are on this forum because this topic is what you must do if there is no property boom.I have done this with 5 properties in a market which has been stagnet for 7 years and was still able to pick up 300,000 of equity before the market had even moved now its doubled again. Just interested to see who elese has done this. Boom time is great anyone can do renovations and make money
Hi Nailwog,
We had an IP in the city which we renovated to create “instant equity”. The market was quite slow at the time. We then leapfrogged into 2 other IP’s in the city. It was very successful.
Due to our circumstances changing (we now have a 4 week old baby, therefore I am no longer working), we have recently bought an IP in a regional town which is cashflow positive. We will just let that one sit there and pay for itself.
We will probably continue along this line for the time being, however I love buying and renovating, so I really want to get back to that soon.
[
]Hi SIS question, why do you have to hold back please share
Originally posted by Nailwog:Hi SIS question, why do you have to hold back please share
Hi Nailwog,
Somethings, im happy to share on forum, but other things/knowledge ive learnt, its better not to share, i love the financial side of property, being able to create instant cash or buy property with no money down, are things i like to keep quite.
I do use my own money to purchase these properties, but ive also learnt ways on which to purchase property with no money down or how to get a full refund and still have the property at the same time.
Sorry wont share how.
Though i do want to share with you PropertyGuru. Some of you will know im very good friends with PropertyGuru. My friend PropertyGuru recently purchased 2 properties for only $420.00 and no more.
There are ways out there to create instant cash and equity, though many people who are able to, will keep very quite on how they do.
Sorry guys not telling how.
Cheers,
sis“Sorry wont share how.
Sorry guys not telling how.”OK, let’s all jump on him, hold him down and tickle him until he tells. *rolls eyes*
Or else just read Robert Allen books – I think one is ‘how to buy real estate with no money down’ and one is ‘no money down for the nineties’.
cheers-
Mini>>and was still able to pick up 300,000 of equity<<
I assume that is net equity i.e. over and above your renovation expenses ?
Anyway Nailwog, if you’ve ‘done’ five properties it looks as if you may have to share some of your experiences ?
Pisces133
Hi all
there are two main points you have to remeber in realestate
1. You make your money when you buy not sell
2. Positive cash flow isn’t rocket science and its not new , common sense tells us if you can’t afford to buy it, don’t.
I was 18 when I built my first house I hadn’t starting reading any property books but new that when the house was finished I wanted to have the rent cover the payments cause I was only earning $280 a week. As you grow you incorperate different properties to fit your plan (growth , cashflow, tax effective).
You shouldn’t follow the flock cause you might want to go in the opposite direction. You should work out what you want to achieve, allowing for family children lifestyle, make a plan and stick to it modifing as you grow and experience new things.
You must be creative and think outside the square cause some times what you want to do might seem impossible untill you take your blinkers off.
The other thing is not many people will tell you the exact way to achieve you goal its upto you to put it together because not every one has the same goals or morals.As for seminars, there mostly the same they they tell you everything you already know or could read about glossing it up without telling you the nity grity on exaxtly what happen or what to do. Educate your spouse it’s easier with two heads working for the same goal and enjoy life do not let it consume you. the biggest point to remeber is just do it don’t be a gunner. I hope my jibberish helps someone out there?Hi Nailwog
We also renovate properties to leapfrog onto the next one after the renovation we refinance to get back all our money to do it again. This has been very successful but it is much harder to find properties to do this to and still get a decent rent on them at the moment so we are turning our attentions to other not allowed to mention investment areas while still looking for suitable properties. Personally I love renovating so this style suits me but I know alot of people who dont.
If you choose carefully doing renos can add many tens of thousands in instant equity and you usually end up with a property more people want to rent.
ErikaOh! please dont tickle me…
im ticklish you know… [:p]Cheers,
sisS.I.S,
Are you going to share it with me?
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]Hi Chan$,
[
]… Property Guru, has warned me already…. [][]not much i can do…
Cheers,
sisGuru,
A team of three is better than two.
So, Guru, S.I.S and Latest member Chan$
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]bring it on.
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]Give us one good reason Chandollars, why SIS and PropertyGuru should cut you in on the information.
Remember Coomera ? You never told us that was a good place to buy property when you bought a couple for about $ 60 K each, immediately after which they shot up to about $ 220 K each.
What is the saying again ? What comes around goes around ?
Don’t tell Chan anything guys. He doesn’t deserve it.
Besides, I am grateful you put me into the picture SIS and PropertyGuru so why bother to divulge the secret to a fourth party ?
Pisces133
Hey Still in school,
Can this know how be obtained for a price ?After all knowledge is money.
]
]… Property Guru, has warned me already…. [
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]
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