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We have just had our house painted by "professionals", and the result was under whelming to say the least. They left marks on the walls, uneven coats, they painted the wrong colours onto the wrong walls, and even had areas where they'd switched tones in the middle of the wall!
I really think that it is worthwhile taking the time to do the painting yourself, save money and maybe even do a better job. All you need is a decent roller and painters tape, as others have said here before me.
Good luck!
Thanks for your help. This is just a hypothetical scenario, I was just wondering if it was possible to say, live in a place for a few months while I do it up to avoid CGT when I sell. I'll have a chat with a professional and see what they say.
Thanks again.
Thanks for bringing this up. If flipping is not the best way to start, are there any other options? Is the next best thing to maybe save up a lot more money and end up buying a block of land and putting up some townhouses or apartments?
I understand that it is a lot more difficult to get a loan these days, but not impossible, and there has to be somewhere to start.
Also, what is the difference between Trading Income and CGT?
Thanks.
Yeah, same sort of thing here. I would like to get out of school and then start off with small run down places and flip them, then, after I've saved enough cash, move up to townhouses/units, and then eventually all the way to apartment complexes and what not.
I've researched a lot into Harry Triguboff, and how he got started, and it is a very similar concept, save for the fact that he had some money to start with, as he was older, so he started right off the bat with small apartment buildings.
That's a good call. I just took up a second job, so hopefully by the time I need it I will have a decent sized deposit to use, maybe with some left over.
I agree, it's great to find some other people who are in the same boat as me. Do you have any idea as to where you would like to start?
I think that I can get a loan if I have a beneficiary (e.g. Parents) who will enter into it with me as they have assets that will cover the cost of the loan if I go bust and cant pay my repayments. This is because, as a minor, I technically don't know what a contract means when I sign it and am unaware of the repercussions if I cannot fulfill it, so the bank can't ping me if I cant repay the money, hence the beneficiary who can pay.
While I'm sure my parents would be supportive, I wouldn't ever ask to do this because it would put them in an uncomfortable financial situation if I didn't succeed. I would much rather wait until I am 18, saving up money in the meantime and banking more and more knowledge so that I can provide myself with a better chance of success.
Hi, thanks for your reply. Would you say that the best way to get an idea of construction costs is to talk to the builders/construction workers themselves? Are there any other ways to research this as well as how you mentioned, so that I can explore multiple avenues?
Again, thanks for your help.
Thanks for your reply. 2 out of 4 members of my family work in real estate already (as agents) so I have the means to access professionals in the area and talk to them about where I'm going.
When you say working in the industry, do you mean anything relevant to property development, or specifically within a property development company?
Thanks again for your help!
