Forum Replies Created
I also visit Bunnings regularly – their DIY is quite informative, however I went for a quick course on tiling at our local Tafe (two day course over 2 weekends) I found it invaluable and was able to do the tiling on our IP and it looked great. They also showed us how to screed which is helpful in uneven areas.
Good luck.
Not sure about your “rule of thumb”.
I have just finished a Reno for under 10K.
However, I did only pay 180K for the property – but it is now valued at 255K (finished 4 weeks after settlement and had 8 weeks access prior to settlement).
One thing I learnt the hard way was that the trades were hard to find and pin down to a time frame and many wanted hourly rates, while others didn’t even turn up.
I was renovating in the country area and understood that trades were scarce to begin with.
Good luck and I hope you enjoy the experience – I did.
I made mistakes along the way – but I have learnt a great deal.I agree with you Steve, I have found that investing is best looked at as a journey. My husband and I started investing by reading lots of books and then jumped in and bought a negatively geared home. We then read more books and went to seminars and found out that we had invested but not in a very effective way. We decided to be smart and researched different areas and came up with a few that fit our criteria. We bought more property and this time we were more confident in our choices (our friends however thought we were mad).
Now fifteen months on we are selling our negatively geared home and concentrating on turing problems into solutions.
Our property in the areas we researched are doing extremely well. One we bought for 52k is now undergoing a renovation which has only cost 7k and the property is now worth 105k and we rent this out for 130/week.
The other property we want to develop, but we need to learn alot more about that before we go ahead.
Now we see opportunities when before we could only see problems.I recently went to Steve’s Masterclass in Perth.
I found it very informative and well worth the time and money spent.
Before I attended I had read both of Steve’s books and knew that his seminar would be extremely beneficial and I wasn’t disappointed.
Perhaps its just a case of finding out as much about the speaker as possible before attending any seminar so that you don’t feel cheated.
