Generally the bank will look at your security, current job, cash flow, or business, experience or do you have a project manager on board and whom your team is, plus they will also look at feasibility. I am doing a few at the moment and the loan has been I tip in 30% of all costs and the bank is funding the rest and capitalising the interest also.…[Read more]

If you have a good property manager – ask them for quotes on the work, they can also check it for you and normally have a good pool of suppliers- yes normally they charge a fee per hour or add 10- 15% on top of the invoices. I do a lot of reno project management work and normally I charge anywhere from $65- 120 per hour + travel to arrange…[Read more]

I have just finished a 2 brm unit reno in Parramatta – top level and concrete underneath- I used quality carpet mid strength latte colour in hallway, bedrooms, and lounge room, and I used the timber strips in the kitchen and my father in law builder installed them correctly. After they had been down a few days there started to appear a few little…[Read more]

I have worked a few times with an Interior designer- and they were fantastic- helping me with colours of walls, look, fell, materials, what buyers are wanting in the current market, where to place furniture and what sort of furniture for display homes and one helped me with getting a kitchen right and where the kitchen should really go.Interior…[Read more]

I would leave it – and just dress it up- I have a few homes in NZ that have this wood panelling with belt raisl also, I washed it down with eucalyptus wool wash, then I polished it up with olive oil- all natural products. You could dress up the home a little by making sure the walls are freshly painted, some nice lights or nice art deco lights…[Read more]

All sounds interesting. We have 9 homes in Invercargill NZ and live in OZ. I think the key is to have a really good property manager, pay them well, keep in contact with them once a month for a little update chat, check all of your statements and bank every 2 weeks- mid month and eom. As soon as a tenant gives notice advertise asap for another…[Read more]

If you ave taken them on- did you not quote a price?Probably bookings etc- Maybe you can do $19 per hour admin charges and bill by the 15 min increments of your timeCleaning – I guess in a rural area $18- 20 per hour

We have 2 cars- 1 ute bought from the auctions for 12k, a trailer for moving around things/ reno stuff, tools, plants or whatever needs to be moved about sometimes.I have a Nissan Pulsar work car 2006- which is prob worth 17k, but I bought it at a car dealers auction at wholesale price $12k as my friend owns a huge car yard in Sydney, so bought it…[Read more]

I have property in NZ and OZ and have been using Shand Thompson At Balclutha on the South Island for nearly 5 years they are very very good and the ladies name is Gaye Cowie- about 1 hr south of DunedinI do everything electronic and post/ phone and she has a lot of oz/ nz clients Hope this helpsKylie

Ive been in real estate buying/ selling and advice for nearly 15 years now so have seen it all. There is no time to waste as time is money and yours dont forget in holding costs/ lost opportunity.The buyers are not complying or offering any decent reasons, requesting extensions, so please look at your facts.Step 1- Find the best solicitor you can…[Read more]

What exactly is the patriot act in the USA? Havent heard of it – ThanksI have bought a few properties in San Antoinio in 1995 and no complaints to date and may go back again soon as opportunites everywhere at the moment especially if you can organise makeovers/ renos, or fix up problems as many people have just walked away. Bye

Yes – I own a few holiday rental properties, although mine are in Brisbane and Gold Coast.Web sites we go on are stayz, takeabreak.com.au, totaltravel.com.au, realholidays.com.auThe main issue I guess is sorting out cleaning systems, standards, reliable people to help you, keeping up with the quotes, follow upsWe have had no issues with damage,…[Read more]

I very rarely get the time to read all the posts, as I'm too busy researching, buying and building properties for myself and my clients. I find it very distressing to see Mr Chan being criticised or his business and personal character defamed without hard cold evidence, this is professional defamation and a very serious issue. If people have…[Read more]

I have been investing in mining towns for a few years now and some are not only just reliant economically on mining, there are other industries/ income/ projects on the go.I am project managing 30 new homes being built in Bowen, have approx 50 tenants on my waiting list and approx 30 investors ready to buy when completed, and some major companies…[Read more]

Even if vals went down 50% I still wouldnt need to sell and I could hold as have quite a few businesses that will always be going well,so no you wont be buying my properties and we wouldnt be selling. We have strong Irish and Greek blood and we are survivors of all circumstances and has been proven over hundreds of years in our culture, so whilst…[Read more]

Im not negative, if I was I wouldnt have bought another property today up in Bowen!. All I stated was I am ready for whatever is thrown at me- good or bad, and if anything really terrible does happen, Im not too worried, Ill just go to my farm, grow veges, milk my cows, and take my dogs, take a few gold bars and have a party. Im an optimist, I…[Read more]

Have to prepare for the best and worst case scenario, then their can never be any suprises!!Im positive as bought another block of land today to build a house, so Im not negative.

I believe in gold and for thousands of years it has always stacked up, also I watch where the wealth goes in the ethnic communities and learn from some very wealthy chinese and italian migrants and gold is where it goes when shares, stocks and currencies are in trouble and not guaranteed.So Im putting next week some cash and my SMSF will buy some…[Read more]

I have bought land with my super fund to subdivide, it was with my super fund $$$ in my SMSF, there was no borrowings, equity from anywhere, it was funds already in my SMSF, as I am a company owner and pay quite a bit to my SMSF yearly. Now I am using my SMSF to invest strongly for when I wish to take down my shingle and travel about before I get…[Read more]

I am going through a sale at the moment of a unit in Sydney, although I had in writing that the tenant would agree to vacate, and we would pay him$1500 toward removalist and for relocating, once we had a contract, he dug his heels in and refused to relocate, due to shortage of housing/ rentals of the same quality. It has taken me 8 months to get…[Read more]