Hi Linda'Not to completely HI-JACK Daves site, I read the usual list of books, and purchased reno tool box and Martin Ayles development pack. From this I began to undertand numbers and due diligence? So, after i bought it, I found a designer, who introduced me to an engineer and a surveyor,  i researched for sale values, again, and then worked ba…[Read more]

Hi Dave great photos really enjoyed this.I started our first development nine months ago. Building is due to commence in feb 08. I noticed a few questions coming in with regards to costs etc. And I am learning quickly how to reduce costs next time around. Our costs have changed as the project has unfolded not unexpected. I thought I would provide…[Read more]

HI everyone’

I’ve laughed at myself reading through this forum stream, as i reflected on the highs and lows of my own reno experiences.

I think it is true though that renos can easily become stressful and its never quite clear why things become stressful until its to late, and the job therafter may seem like hell.

As I’m getting older 33 going…[Read more]

Hi Fiona’

Tony Maclean @ Mack and Co West Perth has proven to be good for me. Give him a call and arrange an initial consult. 12-months ago I started in a similar situ to you RE structures, etc.

Terry

Hi Longroad I've recently bought an investment in Bendigo, not sure specific stats, however, Bendigo as recently publicised is the largest and fastest growing in land city in Australia, sure it lags behind melbourne in growth yet the intial prices accroding to my own risk levels are appealing. I think its a matter of finding your right products a…[Read more]

Ive found Tony Mc Clean at Mack and Co, West Perth to be very good. Not South but does it really matter.

Hi Steve’

Comments from the pest guy provided a bad prognosis.

A full spray of the affected areas is required, removal of carpets and new bedding etc, and then maybe a second spray if they come back.

Yep, I bombed the rooms correctly, it seems the bug bombs establish a layer over the top of the carpet but do not penentrate below the…[Read more]

Hi Jamie’
I havent got too much to offer with regards to figures for CF+ IP in Bendigo, Marc seems to have covered that part quite well.

However, I was born in Bendigo, fam still out Eaglehawk way, and I now live in Perth.

I have recently bought an IP in Bendigo, one comment I wanted to make is that in Bendigo there is a shortgae of rental…[Read more]

Hi Wayne’

We manage our own IP.

However, we should have taken more photos of the kitchen laminated bench tops, funny I thought everyone uses chopping boards. I was wrong.

T

Hi

I’m going through the intial phases of our first sub-division unit development.

After consulting with the local council with regards to identifying any reasons or factors which may effect the development, I then contacted a local survey Co, then a local drafting and designer, then a local building Co, who was recommended by the surveyor and…[Read more]

Thanks for your comments.

Taking another look at it, renting the front house while the subdivsion and development take place sounds much more logical.

And, thanks for the reality check perhaps 12-14 months from begining to end is more likley .

The property is in country Vic, res 1 code.

Terry

I’m wondering, because Mortgage Brokers are regulars on this forum,

my current broker has just cost me 1700 and I am wondering if i should be moving onto someone else.

I wont name this broker, the situation is this – ANZ direct set up a mortgage stemming from equiity. However, the funds went into a current equity manager which put us in…[Read more]

Hi Luke’

Similar to you I’ve decided to learn the development strategy. Learning is the key term here, I also read widely yet still needed to develop my own formula, with a reno on the front the formula in the Reno toolbox was a good start, it seems to me and others might want to educate me, it basically comes down to land value and finding the…[Read more]

Hi

two years back I used Oasis Patios, Cannington, [hair2]they worked well with the Vic Park council and alls well, no leaks.

Terry

Hi Jamie’

I agree with your comments in that building a team of tradesmen is one of the unknown factors at present and will take time.. Holding money back until the confidence has grown following the first project – my stress and anxiety is already easing.

Thanks for the tips.

T [hair2]

Hi we are having some success with this rental option, we manage the property ourselves, we provide a cleaner plus utilities, locks on each bedroom door plus bar fridges in each room.

We now have a blend of students and fly in – fly out renters. It’s working well for us in Perth.

One thing which has made it easier though was in each rental we…[Read more]