Flatpax kits, are actually more costly in a productive and almost monetary way. Its far cheaper doing diligent research and finding a kitchen builder who you can work on a basis with and have understanding on exactly how you want your kitchen done.

I'll say it again… 90% of any trade in any industry of contruction will make your life easier and way cheaper if you know exactly what you want. Because they wont charge the variation.

150k is massive in price. How many investments do you actually have to idea of outlay like that ?

Biggest problem for bathroom removal and move, is where the plumbing and sewerage is on the house.

If its on the same side, its fine. I did a full bathroom, installing a toilet (never had a toilet, it was 2 rooms away on its own) and its actually cheaper then you think, only depending on the circumstances. The most expensive part is resetting the gully's and massive V connection to existing sewerage, thats if your fortunate enough its on the same side of the house. This should only be around tops $3000 to do it, thats them digging it up, connecting the gully up again, piping and filling it back.

And another thing, is it slab? or floating floor or partial? Hopefully theres only dirt under there and sleepers with just brick footings, it makes it a whole lot cheaper and easier.

If its on the side of the room you want the toilet, look for old plumbing system, sometimes the old water guttering in the slab outside usually leads back to the gullys, and thats if its not blocked either (Its an easy test with a karcher gerni). If you find this, you may need to install a new gully and then drop the connection in, again your looking around $4000 for it.

The kitchen on the other hand you may need to get them to draw it up, so everything comes up plumb, especially if this is your first time and you could of got away with it organizing trades yourself. Just make sure its a licenced plumber

By looking at the images, dont move the kitchen? Just remove them hidious tiles/vinyl..

There are a lot of would be investors and home owners looking for a second property, thinking they know it all and have no financial intelligence, this can create a great degree of risk if your can’t forecast your revenue to capital and liabilities in a property.

This also comes down to peoples action threshold, I’m how ever a person will take any opportunity and make it into something even if it’s a dead deal to others. But that’s because I have resources to back this up.

Another is, sometimes people that like tangible assets also create a governor on there mind, thinking how would I? A simple member of society manage this massive feat of owning multiple double story homes. It’s like when you look at an apartment block and someone tells you to go clean it on your own, the same belief that runs through your mind at that time is the same as owning property.

For the people who are renovators out there don’t stress if your don’t have experience, I had a guy that was a bricklayer for 20 years screw up a renovation on his own property, and didn’t relies how he was losing money. Everyone has the same value of risk sometimes just depends what’s yours.

Won’t affect property I don’t think. Plus if people keep worrying about the future when is anyone going to try and make money?
I find it interesting that a lot of people worry bout money. And worry about long term. Has anyone done there research and no that some of the richest expanded there wealth by 19% more during the GFC?

I’ve heard a lot of people doing this, getting the house built and fitting it out with family known trades at a cheaper rate.

I wouldn’t recommend this as there’s far more complications, and most of the time if the builder is doing multiple jobs at once, he would probably get kitchen fittings and bathroom for a lot cheaper then you will.

And in a contract specially if you have time constraints, a liquidated damages clause will save you big time.

I fall in a slightly different catergory Jamie M, as my family own building and hardware supplies, but none of the less it still costs me money to purchase products, but just at alot cheaper rate then any bunnings store can offer. Which is most of the time is less then half the value. But I know of a few investors that have made friends with suppliers, and get cost price, but in return getting there trades men creating accounts with the business, its give a little and take a little.

Say to get walls washed and cleaned, and either scarred to apply render. I know of a company (I will not mention but in PM I will) charge around $11 a square meter. Thats you purchasing everything they need. And depending how many men they use. If they use multiple men for the job, find out there price per hour on those men, and then work out a deal on a labour hire company  (finding skilled labour) to mix the mud for them instead of paying there guys $40 an hour.

Adding my 2 cents worth.

I think people that pay (not saying I haven’t done it to get starting knowledge) for seminars and mentors, are people that have fear and are afraid of losing money. Which I think is clearly wrong, because you get plenty of people saying they spent all this money on seminars and mentors only to be burned on the first property and are looking to spend more money on another seminar investment.

Instead of looking at the problem at hand.

I don’t know maybe Im wrong, but that’s how I see it.

Doesn’t seem transparent enough, ‘hoping it will increase 10%?’ doesn’t seem you would control any of the money and sounds more of a liability.

And be careful some developers may run out of money and may need more through the process.

Something to think about.

Yeah exactly, what I meant though is, I know st. George they have only 75% value of any income from investment properties.

Call up your bank and say to them do they calculate any positive geared income as a full. Most banks don’t, means if your making $1000 a week from your investment property from the same bank, the bank will only take $750 worth in your statement. (as an example).