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As you mentioned in the original post its dependant on what price you can get materials for etc. It also depends on how handy you are with tools. If you are keen to try, most things you can do by yourself ( Being in a trade and judging the intelligence of some trades ANYONE can do it). Stuff like decking is relatively simple, kitchens and cabinetry can be purchased from bunnings and ikea and is DIY. The NEW house above has bulkheads and recesses in the gyprock can be pricy as it means re plastering. House also has full floating timber floors throughout, miele appliances ( correct if wrong) new sliding doors and windows, doors, tiles, fixtures, painted roof etc etc. Basically it depends on how extensively you want to renovate.
To save money polish existing floorboards ( if possible), do the landscaping/ yard work yourself, paint yourself, Paint sliding doors and window frames (again if possible), paint old doors but put new handles on them, Paint concrete to give it a new appearance. Give the impression that you have spent alot of money when it may not be the case.
Judging by the house in the top photo you can do alot of work yourself just depends on how much spare time you have and how willing you are to do it. Building report is a must if your planning to buy and watch out for nasties like asbestos can be expensive to remove and dispose of. Being an electrician if you where to install downlight like the NEW house 9 times out of 10 it will be mandatory to do a switchboard upgrade, same goes for power upgrades. ( There is a split system installed so may have already been done). Basically watch out for hidden costs and roll up your sleeves and get dirty to avoid paying too much. hope that helps
Cheers Paul
Thank you for the ideas guys, ive heard somewhere that talking to or being around like minded people is very beneficial, just out of interest is anyone here from Canberra.
Can the information you need to invest be found in books, movies, blogs etc and how did the coaches themselves start in the world of investing did they require coaching?
I can also agree that you have to have experience in the field of investing in order to educate people on the correct method mistakes etc
Thankyou Nigel for our feedback, Going by what you have said in your post you are involved in property development overseas and also run a property education service.
Taking that into account i assume that your investments are your main source of income (correct me if im wrong) how do you work your schedule to the point where you are able to both seek investment opportunities and run seminars on property education. Do you use a team of property managers, solicitors etc etc to decrease your workload on investment side of things and focus the majority of your time on education courses.
I appreciate that nothing is for free and working in a trade i know all to well that people expect everything to be done cheap when in reality it just does not work that way. Being a solicitor or property manager etc etc yes they all have to earn an income but this being their primary source of income (again guessing here) i understand. Dont take me wrong i believe that property coaches are a great idea and by the sounds of it Nigel you have helped alot of people on their property investment track. I am aiming this more towards property gurus that hold courses in excess of 7-8 thousand dollars that claim to be property millionares and retired etc what is their motivation behind holding seminars. I am not in any way disproving or trying to deabate anyone doing this with the true intention to help people because i think that they should be commended for their efforts. I do not want to offend anyone just asking questions and looking for opinions.
cheers Paul
Likewise any property investing coaches please post your side of the story
