cheers

I agree that the net is very good for identifying trends and price points but there are still so many properties with a sign out the front and no other advertising at all – strange! What I have been finding lately is that most of the net listings are very “stale” and are not selling for some (usually very good) reason. However, some of these do have fixable problems. But I suppose it really does depend what type of property you are after. You could probably buy a new dwelling without seeing it (or your agent/spotter) if the other due dilligence adds up – straying off topic.

Just wanted to add something about yield. It’s not the be all and end all when purchasing property. Yield (imo) is just one of the many filters through which the deal has to pass before you sign on the dotted line. It is probably not a good idea to fill your portfolio with just one type of property.

Cheers

Don

Oh, try not to throw anything out till the end – recycle as much as you can re timber and bricks etc etc. But do stack it neatly and out of the way so the job is not a bomb site.

Don

Hi Dinah,

Roof first -wouldn’t want rain to spoil all that painting and nice new fittings.

Then do the facade of the home to completion ie tart up the front fences driveways doors and windows. Make the place look inviting to tenants and buyers.

Order all the kitchen and bathroom pieces and have them ready to go. Don’t store them on site – theft – damage by clumsy tradies etc.

paint inside then the rest of the outside.

Then do kitchen and bathroom but never at the same time especially if you will be living there.

Cheers

Don

Hi JaneyQ,

Pick your management very carefully as bad management has got to be worse than a self manage. Don’t do it yourself. If you plan to build a large portfolio you will have to hand over the reigns eventually.

Ask the manager for a list of properties in their care and do a drive by inspection. You may be surprised how much you learn about the standards of management by this simple exercise.

Ask to have potential tenants “screened” by you also. If the manager knows that they have to sell you on the tenant they ( in my experience) will be less likely to sign up a dud.

This is especially relevant if you are interstate.

Choosing good management is a very important part of the investing process.

Cheers

Don

Thanks Marty. No doubt you will be inundated with questions and queries over the coming months.

Cheers

Don

Hi Terry,

Yes this is a very common structure.

You can allocate many different types of shares to a shareholder and not every shareholder has the same rights in relation to voting.

cheers

It would be great if martin or even steve could contribute something on the forum once in a while! Others such as peter spann are happy to get on and answer questions. Not saying that they should or are obliged to just that it would be nice.

Cheers

HI Zyleth,

Can I ask a question?

Why will the family lend you 20k but not for an investment property.

Cheers

Don