Forum Replies Created
rmittlal1 :
TAFE’s run dedicated owner builder courses. I am unsure of the total details and how they differ between states. You may even be classed as an owner builder if you do- as you said, supervise, organise, co-ordinate- you become the developer/builder- you then employ and co-ordinate the carpenters, plumbers, sparky’s- and so on.
THe QLD TAFE course is quite good. Would also suggest take in heaps of info from those first initial projects that you are having a builder organise.
Other stuff: I would say you would have to be a certified/licensed owner builder in any state wouldn’t you? I believe that the legislations that are in place are pretty good. An “owner builder” should not be able to become a “spec home” builder. If that makes sense to you. That’s putting the real tradeys out, not just the builder- the sparky’s- the plumbers- the phone/data- the roofers- the air con- the security- the list goes on. So many of those people go through 4 year apprenticeships- and then some. Being an “owner builder” is great, but it has its limitations and its place in the industry.
J.
Jarrod.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsProperty passion- nah, don’t listen to the people telling you that you want to do it all too quick- go for it!!
Interest only is good for taxation purposes on cash flow type properties- i believe.
Is it possible that you can spend some time renovating or re-furbishing the existing properties to create more equity in them- therefore a greater borrowing capacity, therefore more opportunity to purchase multipleproperties??
Best of luck
Jarrod.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsI agree that the youngsters should head out early. It is even more positive when they take the step themselves. I did so when I was twenty- which is probably well under average these days. Many people think that it will somehow get them ahead by staying at home that little longer to do or save for this and that. But a little longer seems to keep on going I think. There are always excuses.
I believe it is much more beneficial to go out there and “get amongst” the real world nice and early.
Good post Dazzling!
J.
Jarrod.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsShould be: whoever as trustee for whatever trust.
Hope this helps.
Jarrod.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsFast reply-
No, dazzling,it does not look attractive. Hey! 77 Toyota Corona’s were far from Dodgey!
J
Jarrod.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsHey pkluge,
QUick reply- some may recall that I had a one bedder in “Uni-Lodge” complex- Margaret street in the city. Difference being they are extremely small. Good bit of cash flow, but capital gains was not going to happen. Had it for cash flow and was going to use it for self managed super. Sold it as I went into another venture.
Anyhow, thats an example- sounds like you are wanting the cash flow and the capital gain?? That would be nice yeah.
Really depends on whether you want capital gain. Simply, no, the smaller properties like that will not attract as good a capital gain as a larger dwelling/unit.
As you suggested- going a two bedder may be the way to go. And watch the amount you get slugged on finances- it all looks great but then it may only be a 5% return after everything is taken out. You will be suprised how much the rates are in there plus bc and maintenance etc.
hope this helps
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsYeah eBay is good. Auction houses.
Possibly wholesale outlets or importers.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsI think that Brisbane City being second fastest growing was a lil over the top. But maybe he was refering to South East Queensland as a region?
Either way, it’s flying along. The amount of land being developed is crazy stuff. Went and checked out a couple new residential developments by the water today- sheesh, hello big dollars!
J.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemseeek, a kit? goodluck. Don’t know how much you are paying for the property, but I generally feel it is worth getting these sorts of things done professionally.
If you get stuck try MDRN at Capalaba orCleveland offices. They are great.
All the best.
J.
http://www.jenterprisegroup.com.au
data.communications.entertainment systemsAll I can say is go for it! Of course, after you have done the R & D.
I am a full time renovator now. Though I am currently starting a business up in Data and communications to give me a second option, hopefully it will ramp up quickly and I can get someone working for me so that I can get back to focusing on property.
It’s much better if you have qualifications behind you as suggested.
Best of luck.
J.
Hi Chris,
Yes, you can begin renovating the house before settlement day. It would have to be written into the contract. Be careful not to do too much- if you are allowed anything, mainly for your own good. It’s never a sale until settlement. Maybe spend a bit of time in their planning. If you are going full on reno, you may spend two weeks getting a really solid plan down, quotes, design, scheduling etc. Rather than getting stuck into the full on reno part.
Once the contract is signed, insurance is the buyers responsibility. Some agents give you complimentary 30 days insurance when you sign to buy, but not many.
Oh, and if you have spent money on the house and they pull out- that’s too bad. Hence my above point.
Hope this helps.
J.
J.
If it is true, go for it!
If you do your research and find the rent does seem a little high, consider this:
The Seller may know the tenant or they may be family, or may ahve a deal that they sign a short term lease that has an excellent weekly dollar figure. For example:
Property normally rents for $350
Property has a lease signed for $500For purpose of an over inflated or fast sale, a lease is signed to value of $500. Tenant “pays” $500 a week and is then reimbursed $150 each week by the seller i.e: seller pays the difference.
This may be exaggerated to show the point, but over the lease period, the cost of the seller paying the difference for to the tenant could be worth it for a much higher sale price and/or fast sale.
Hope this helps.
J.
J.
Sorry, I didn’t read all of the replies, but it was suggested in one reply that property prices may decrease in Brisbane?? What!? That was a crazy statement, apologies to those who disagree, but really! Have a look at recent town planning, change in categories to create higher density housing, migration levels to Queensland, namely around Brisbane, the distance Brisbane is still behind Melbourne and Sydney, continual infrastructure increases, and possibly magnify this 3 fold.
The key is to be positioned and informed, if you have both of these, then there will always be opportunities to jump on- especially in Brisbane, and they are out there now!
Hope this helps,
J.
J.
Never wait!
J.
Originally posted by Dazzling:‘Reality is seldom captured by glib, obtuse one liners from supposedly successful life-coaches’ ……..Dazzling
Yes, well spoken dazzling.
J.
Hey Lachlan,
Give MDRN a buzz. They have an office in both Capalaba and Cleveland. MDRN conveyancing is who you will want.
They also have solicitors, lawyers etc.Hope this helps.
J.
CGU, Terri Scheer(Brisbane based), there are a few, some will not insure for you if it is self managed.
J.
Hey Alex,
O.K. The laminate thing- if you wanna have a crack at it..good luck! I would suggest getting someone in to do it for you. I have my own cabinet maker who does odd jobs for me like that and the big stuff. So possibly get in touch with a cabinet maker about using laminex type products. If you get a good one they will point you in the right direction. It’s hard to explain the products that I use.
Having said that, I should have my website completed within 6 months and I will have a project archive with photo/pictures and further details. Some in depth info on products used also. THis would be very helpful currently.
Darker tiles…..questionable again. I have recently completed the intereior of a project. Small three bedroom house. Tiled everywhere except the bedrooms. Used a light colour. They are polished porcelain. That means alot of preparation, extra care in cutting a laying and fussy finishing. You then seal them once all processes complete. The finish is excellent. the peole that have been in for a look at this place have all commented on the tiles. yes, they get dirty, but when all processes are carried out properly, this means simply sweep over the tiles and they are clean, it is great, easy to maintain.
keep it light, simple. When you walk into plush, expensive hotels- do they look new? Pretty much. Those tiles were probably laid 10 years ago, but you could probably walk into a tile shop and find 3 similar types of tile. The key also is that they are shiney and clean looking- polished. Does that make sense? try that, it’ll spin you out. Might make your decision straight away for you. Or you may prove me completely wrong, won’t work in all cases.
Hope you have sucess in selections.
J.
Hey again everyone,
Life X…….yes, the fans do actually have a remote control, similar to A/C,s etc. The bracket mounts on the wall where you can store the remote comtrol. You can pick it up, out of the bracket and put it wherever….a full on remote. yes, it is cheaper.
Though, as suggested if you are doing a new house it will only cost a couple bucks more for the cable, the same amount of time in labour.
I really do suggest staying away from cheap, that goes for most items. Sure, look for quality and get it cheaper! I know fridgeys(refrigeration mechanics) who just won’t install some split systems because they have a higher chance of call back for maintenance and warranty issues.
Marisa-it is good to “waste time” on ceiling fans. They use much less power, and a/c is not always required in many locations. Such as queensland- it is warm overnight, but only a fan is required. It is often good to go with ceiling fans and a/c.
LifeX- on earlier post- G and H units. Correct, non existant…”Knowitall” posted that one. He talks c*@p. Sorry for the direction that may have sent anyone on.
xxx- beracove had a batch problem with their remote control units, maybe yours was in that batch.
Hope this helps.
J.
daaussie, sent this reply to your PM:
Hi there,
Apologies for the late reply.
Rental…you selling or continuing to rent it? Would have to look at that for durability. Also, look lsightly at durability for sale of a rental, but also the look will have to be spot on.
I just completed a bathroom last week. Tiled full wall with a lighter/natural looking tile, quite big. Put a mirror on both walls as it was quite a small room. 2 bedder apartment, I’m assuming small? If so, keep it light, help it look big.
White fittings? If they are new style….maybe. If you want clean a sheek, polished brass(silver) is a good thing.
Terracotta tiles? Once again, prob a little 10 years ago there too. Polished porcelain is fully nice, comes up a treat. The walls- as in splashback? You can get a “fake” stainless steel finish. It is like a stainless steel laminate.
Bench tops….there is also another good :fake: as I call them product for that. You would know of standard laminex, well, you can get that, but in gloss. If you get the right stuff, from a distance it will look like a stone benchtop e.g. granite/marble. These are good cheaper way, but very effective. Remember if you have power on the wall and go stainless splashback, go with stainless powerpoints, classy finish.
The bathroom sounds interesting. You wil have to give me a look at the completed pics. Keep it shiney, clean looking. Not too many fetures, you don’t want it to look “busy” or cluttered.
I hope this helps.
Let me know how you go.
J.
J.
