Hi kstarh3,I completely agree with you. But I would also add a solicitor to that mix Kind Regards, Ana

Hope you have good insurance coverage to cover the works and loss of income while it gets repaired!Make sure you have a good property manager to start with so they do thorough screening of potential tennants and regularly visit the premises and provide you with condition reports and photos.If you have wooden floors, why wouldn't you sand and…[Read more]

The things to be aware of is which and how many of the lenders will provide finance to purchase something in those aras at the moment and also what kind of coverage the insurance companies will provide and how much that will cost. Some of them are charging really high costs at the moment to cover new purchases in those areas..Cheers, Ana

Hi noddy7,I'd always first start my search by looking for a good property accountant and then seeing where they are We have had James speak at a couple of our events and I wouldn't hesitate to send one of my clients to him. He runs House of wealth but is also an investor himself. His contact details are:…[Read more]

For anyone interested, RenovateAndProfit.com combined forces with the Reno Kings and Property Women to put together a Quick Guide for anyone who is renovating after the floods. You can download it free at: http://www.renovateandprofit.com/FLOOD-RENOVATIONS

Like most of the guys who have replied I agree that it comes down to really doing your research. If you know what those types of properties in the area are worth, you will know if they are asking too much or offering it at a discount. And then it comes to looking at your strategy and doing the profitability analysis. For example, I have paid…[Read more]

Hi, with the question regarding whether Hervey Bay was affected, it really wasn't affected much. The only thing really was that it was cut off, as the roads from Maryborough/Gympie were flooded, but the bay itself only experienced minor flooding. Hope that helps.

We've had some volunteers helping up there and there has been quite a few cases of people ripping out wall lining not realising that it is asbestos, especially in bathrooms and laundries. If you are not sure, get it tested and get it removed by a licencsed professional.We have also been putting together a 'Flood Renovations – Quick Guide' together…[Read more]

We get a company discount with them. If you would like, send me an email and I'll give you our form to use with them so you get our discount.

I have to start by saying that I am not an accountant, however we had a similar question come up at our last seminar and the accountant specialist that I had on the panel of experts told the investor that:If you move out of your primary place of residence (PPR), and don't purchase another PPR but instead go to rent, you can for all intents and…[Read more]

Also, self leveller is recommended to be used on concrete and is meant to fill only very small differences such as 5mm. Have a read of the manifacturers instructions and check if they say it's ok to use on timber flooring.

That sounds like a lovely plan, to travel around Australia. We just got back from our honeymoon travelling in Mexico and Cuba and it was wonderful. We've been talking about taking a campervan around NZ at some stage too because that is where my husband is from.Maybe have a think how to monoterise your goal… work out how much you want to make per…[Read more]

Hi,I think it's really important to first sit down and have a think about what your investment goals are and what you want to achieve and then see if and how a potential mentor can help you with those. At the end of the day it will be up to you to get the legwork done but having the right people behind you can make a huge amount of difference and…[Read more]

Word of mouth is great which is why you often see questions and comments on forums. Also, ask to see some of their case studies of what they have done or what they have helped their clients do. Preferably some of those should already be on their website, but if not, ask to have a look at them, most importantly the numbers.Best of luck with your…[Read more]

He, he. You are funny Francine, the articles and radio interviews are about renovating for profit Kind Regards, Ana

I can help, our teams do this all the time. Give me a call at the office on 03 9005 7992 and we can organise from there.

The biggest add value will come from changes that purchasers can emotionally connect to. Generally speaking those types of changes, that they can't see, they won't connect to as much emotionally as a kitchen, bathroom, floor covering, first impression, outdoor living, etc. If you are looking at renovating to resell repeatedly, my advice is to keep…[Read more]

If you are planning on holding on to your property and renting it out, where it is likely to suffer wear and tear and have hot items being placed on it and water, the paint is just not going to be as durable long term as replacing it.

I second that. We tend to do the middle of the range bathrooms for $11k-$14 for clients (around Melbourne). Just make sure they list all the inclusions. And also it's really worth while for you to ask to receive a plumbing and electrical certificate for work performed too. We always give these to clients and it not only gives them peace of mind,…[Read more]

By the way, if you did have trouble removing the tiles in a different reno you can rent from any of the building supply rental companies (Coats, Kennards, etc) an attachment for the jackhammer which is specifically used for removing tiles (helps get under them easier to lift).Wishing you every success, Ana Stankovic