Forum Replies Created
Hi,
I’m an architect myself and my bf runs a painting company. And we had one of this buildings ourselves. So I think I know a bit about a topic.
Consider the future maintenance coast – varnish the wood is hips chipper then painting. And wood is easier to maintain and it’s not getting as damaged as paintwork. If you paint it now you will have to do new painting every few years.
I personally would rather keep the timber, but would put into my maintenance budget modern ceilings, light and door knobs – it transforms the interior makes building modern.
We did this to out building. When we out it for sale we get all white minimalist furniture, off white carpet and I made a huge painting in whites (nothing special – just few splashes of different paints, no special skills required). But the house felt so-o-o special! And unique! And with a painting it was so much more light – just as if there’s another window!!!
Think twice before painting your walls – it will be really hart to reverse the process
Cheers,
Sounds like you getting really well prepared.
Good luck with it.Despite your past experience with franchising (we think it was good, many think it was bad, but the fact it we out of it at the moment) – despite this we still looking for more opportunities in this area.
We are planning to get a second business and will be investigating it in the next few months. But it’s the most likely that our next business will be a franchising. We don’t have to waist our time and money and energy on doing our own mistake. We can simply buy an existing highly organised system, get bank finance for it and concentrate purely on growing a business. After all (if you are into thiese things and unless there’s a clause in the contract) nothing stops you from selling an established franchisee after you got a sufficient experience and start up an own business in the similar field.Send a post when you get into a business!
Cheers,
Congratulations! What industry is it?
The advice I can for somebody why’s looking for franchising – ONLY go to trusted and solid systems.
Basically those are the larger companies that were around (as a franchising) for 5+ years.
And ONLY those that are approved by a bank – bank will lend money for their purchase!!!
You don’t have to lend money – but this approval means that bank sees a well established system, good operations and safe. Banks checks hundreds of businesses and they are pretty good in spotting a trusted business. After all, if bank wouldn’t risk their money on the business – why would you?I really think the franchising, when properly set up is a fantastic thing.
I know at least dozen of happy franchising owners. And with the right company it really works!!!I owned a trade franchising for 18 month but I get out of it last year.
The reason I left – was mainly personal. Imagine the perfect right person…Now imagine the complete opposite…that was my Franchisor!
I was treaded as a slave; I only received a half of my training, and never had ANY ongoing support in any form. I only was given 2 leads at my area (I was promised at least 4 leads per week in my contract), and was pushed work on the chip hourly base on other’s person area. At the same time I witnessed franchisor cheating on other’s leads.But I don’t want to complain too much…
I know from the beginning all the risks and I understood what I’m I doing. I was only 4th franchisor and there’s only two left at the moment. So the company’s collapsing.
I still think it was an extremely good experience for me!!!!
The knowledge I received about building a business is incredible.
I since build my own company and in 12 month achieved a turn over on $350,000.
If I knew what I know now – I would still do the same think – franchising fees were the smartest money I ever invested!!!Cheers,
Just make a basic sketch and call in few local builders and ask them to estimate you a job. Ask them for advice on what construction.
Unless they will offer you a complete package – add at least 30% over the top of the price for unforseen circumstances.
Cheers,
Hi,
I don’t have a mission statement, but I do write goals.
I write about 10 of them each year, I keep rewriting the main one , reviving them. I slit them on few small steps…. Anyway we al heart how to do it….First 12 month I though it’s really stupid – but I though I can give it a try and then will forget about forever. The strange thing – when I reviewed all goals some 6 month later I wouldn’t believe, but I achieved about a half of them and was very close to got others! [party] I haven’t even noticed it until I read my goals from paper! I’m going to go my goal setting to the rest of my life [biggrin]
There’s something magical happened when you white it on paper. Good luck for you
Cheers,
Too doggy!
I wouldn’t contact them outside the chat!
Keep your email for people you know.Cheers,
You definitely need to talk to a financial advisor!!!
Whether or not you are in the property investment might very well depend on your potential income when you came back home after your visa will expire. Will you be able to suport it if things go wrong? May be you some other type of investing will suite your needs more.
I’m a migrant myself and about 7 years in Australia, with $50,00pa amd a part-time income. I have a coupler if IP, but when my partner had problem with visa – we were veeeeeeery concern about managing it.
I would strongly advise to consider what you life will be like in 5-10 years, and do you need and Australian property? May be yes, may be not. Talk to professional about
I can give you a contact of a really nice financial advisor I’m using. He’s been great so far for me!!!! Made me money for two IP in half a year. But it’s very much depends on you circumstances. Email me offline if you want a contact – I don’t mind to share.
Cheers,
In addition to the front yard, letter box and a fence I’m always installing a new RE-E-E-E-EALY GOOD IMPORTED TIMBER DOOR AND A COOL LOCK!!!! It’s the must!!!
You enter through the door and you must touch it – do you like it or not! It sits in your subconsciousness. It’s like high hill shoes for the women, if you know what I mean. You can have the bad hair day and not the best make up and the old outfit, but shoes will make you look for a 1,000,000!
Are you in Sydney?
I can dive you a reference for a good place I’m shopping in – they have range from $180 to few thousands – but even the chip one are the real thing!!!
I’m architect myself and I’ve been through quite a few suppliers – at this price this one is worth the attention!If you are looking for one my advice – forget internet, you need to go to the showroom and touch it. You can tell a good door what you see one!!!
I did few renos and I’m was selling the old door to the traders, as they weren’t bad – paid me half a price of the new ones.
AND NUMBER TWO ON MY LIST – IS A KITCHEN!
If it’s the old kitchen – repaint it inside and outside (use spray), put in the stain steal modern handles and replace the bench.
I’m using Ikea’s thick white benches – costs $90 for 1.2m benchTake thick ones – you wouldn’t believe the difference it makes! Last time I just glue them on top of the old ones. The cupboard were narrow so we moved them away from the wall – new bench covered the gap behind.
3 hours of work and total of $340 spent on kitchen and $40pw increase in rent. Plus we sold the house in 2 month with 48% higher price
Cheers,
If I ever want to hear about investing specifically for women – I would pick a mum with at least 5 kids.
Advise from anybody else wouldn’t sound gender oriented enough for me.
Do you think of a property investment or business in general?
The was a lovely book – Mind Her Own Business (forgot the author). About 20 case studies of businesses started by women. Not that they did something different from men – they just did it. But none it them was in real-estate.Cheers,
Will your renovation work cost over 20,000? Do you do it yourself or get a contractor?
If it’s over 20,000 I understand that you simply need and Home Warrantee Insurance. I don’t see what else you can possible insured.
If you are doing all work it was to be home builder insurance. It you hire a contractor – he has to provide you with one. I would also request from a contractor a copy of his Public Liability Insurance – it has to be at least 5,000,000 – it will keep a bank happy.
You regular insurer can not provide this type of insurance and they just didn’t know about. We getting our insurance with HIA Insurance – they got pretty good rates and are well organised.
The easiest way is to give them a ring and ask that type of insurance you need. It takes about 5 days to approve the application.
Cheers,
I highly recommend you to get an insurance. Few of my friend had a quite bad stories of being underinsured and get health problem. Not just their couldn’t work – this partner had to take leave a job and take full care of him for 2 years. They went bankrupt and al those trouble they had is the last thing you want to experience when you are not well. He fills better know, but they are kicked back with any investment for at least 7 years, as their credit history is affected.
I have an Income Protection Insurance. If I get an injury, or will be unable to work it will to pay me 75% of my current salary until I recover or until pension age. It also include the period I don’t work if I have to take time off to look after sick or aged family member and also I think it includes baby bonus for a year. And I have life insurance double the value of my personal debt as a package.
Costs 22$ a month, but I think it worth it. You never know what can happen. Gives me a great peace of mind that I can carry all financial responsibilities no mater what happens.
You can get the insurance from you bank (but they have a bit higher rates).
I have mine through an insurance broker – he’s quite good.If you are interested contact me offline – I can give you his direct mobile and I don’t mind to introduce you. So he’ll expect your call and will treat you as client’s friend.
Cheers,
Andrew Forsyth of GPL Solutions is quite good
9211 5977
http://www.gplsolutions.com.auThey are based in Sydney, but I he mentioned once that they have clients outside Sydney Metro.
Email me offline if you are interested.
I can give you his direct mobile.
And I’ll send him a quick email upfront – to introduce you as a friend I know through the property investing group.Cheers,
I’m running a NO CAR! policy
We have a 2002 van for business – My bf ussually uses it. I wasn’t driving it for some years.
I’m going mosty of inspections And I have a 100cc Yamaha Aerox -cool little sports scooter. That’s all I need relly. Makes much more fun to travel 300km for inspection then to drive a car.
Well, if we will keep investing in the country I probably will upgrade for a bike. But I’ll stay on NO CAR! policy
Doesn’t feet into your milioneer description either! He-he
Lesia
