franblake replied to the topic Call option advice needed for 5 x fully developed properties. in the forum If you have call options on 13 years, 10 months ago
If you have call options on the blocks, you then have a financial interest in the properties so I believe you can onsell the options either yourself or via agents. I would be checking with some local builders to see if they are interested in the blocks on builders terms (also a type of option). You can negotiate for them to pay you a commission…[Read more]
franblake replied to the topic Carly Crutchfield (CCorp) in the forum Heads Up! 14 years, 1 month ago
Hi Justine,
You can certainly do deals with no money down if you have other skills to bring to the table. There are many people who have money but no time so if you have the time to source and create a profitable deal for them, you should get paid well for your effort. There is a lot of work involved and you must be prepared to work hard and…[Read more]
franblake replied to the topic Where to invest 2nd IP in the forum Help Needed! 14 years, 2 months ago
Hi Ninh,
I definitely agree with Paul. You need to work out your strategy longer term. What is it you are wanting to achieve by investing in property? Is it capital gains, cash flow or both. Do you want to eventually replace you or your wife’s income with positively geared property? Asking yourself lots of questions will help you sort out where…[Read more]
franblake replied to the topic Where to invest 2nd IP in the forum Help Needed! 14 years, 2 months ago
DLUG – Double lock up garage.
franblake replied to the topic Options tips for land purchase in the forum Help Needed! 14 years, 2 months ago
Wow a duplex! Fantastic!!!! Can u tell me your state and general location as I may know of a builder if it’s QLD or NSW but otherwise I suggest you look for builders in the area. Research their quality and house plans. Talk to them about costs to build what you are wanting (maybe turnkey price with floor coverings, fences, landscaping, etc) and…[Read more]
franblake replied to the topic Options tips for land purchase in the forum Help Needed! 14 years, 2 months ago
Ooops! Forgot the DA costs and surveyors, so maybe another $2K depending on the council. Cheers!
franblake replied to the topic Options tips for land purchase in the forum Help Needed! 14 years, 2 months ago
Hi Intrigue
Congrats on deciding to get creative! The more creative you get the better you do. I have a few questions for you:
Do you have a contract to purchase the land for $138K?
What is it currently worth?I use options to purchase property but I wouldn’t purchase an option off someone unless I could make money as well, so the land value…[Read more]
franblake replied to the topic Where to invest 2nd IP in the forum Help Needed! 14 years, 2 months ago
Hi there It may be difficult to find positively geared property but not impossible. You may be able to find a property that you could add a granny flat to and add the extra value. Often rental returns on the cost to add the GF allow the property to move into cashflow positive territory.<moderator: delete advertising>All the best!
franblake replied to the topic Carly Crutchfield (CCorp) in the forum Heads Up! 14 years, 2 months ago
Hi all
I have done Carly’s 3 day bootcamp and from there joined her Elite mentoring program 18mths ago. It has been exceptionally good. I have to say that I had some property development experience with subdividing, dual occ’s etc before I did the course that but I learnt about the importance of feasibilities and I have no trouble finding the…[Read more]
franblake replied to the topic Can’t get construction quotes – please help? in the forum Value Adding 14 years, 2 months ago
Hi IDH
I have a builder who could quote you if you are in the Bris/GC/Ipswich area. You can email me if you want me to pass on his details at [email protected] All the best!
franblake replied to the topic 2 bed unit close to cbd, adding value through renovations tips please. in the forum Value Adding 14 years, 2 months ago
Hi all
Paint definitely and in particular the latest look is to add 2 painted feature walls in bedrooms. They need to be walls that are connected (if that makes sense) not opposing walls and a dark/rich colour is good. Just adds a WOW factor. Painitng should take more than a couple of days – a week at the most. Fresh carpet is good too if needed.…[Read more]