Hi TDorgan,My solicitor details are below … he has a wide range of experience including second mortgages, vendor finance and your run of the mill property transactionsAndrew WheldonAndrew Wheldon Solicitors Office:  538 South Pine Road, Everton Park QLD 4053Mail:     PO Box 808, Everton Park QLD 4053Phone:  (07) 3855 8880 Fax:       (07) 3855 888…[Read more]

Hi Fredo,It depends on the information  that you want updated.Ownership Details and Address Details:  I have had this happen and contacted the local council or lands title office to find out the status of the information and then they guided me through the process of getting it changed.Property photos:  RP Data like keeping their property da…[Read more]

Hi Martin,I was offerred a property last week with a long settlement and declined it due to the uncertainty and possible downturn in the market.  If there was market growth I would have considered taking it on.The way I handle those situations where tenants are involved in the success of the transaction, is we approach the tenant and offer to bu…[Read more]

MrsC,From our personally experience we thought that a Bunnings & IKEA kitchens would be the way to go.  I do not know whether it was our inexperience at the time but it took twice as much effort getting the kitchen installed (being a handyman and having patience might help allot).  We tried ours, then a handyman and then finally a tradesmen (t…[Read more]

Hi Catalyst,Sorry, I was doing two things at once and might have not made myself clear in my post.  I have been a full time property trader for 10 years and compiled the shortlist using the net (RP Data, PriceFinder, http://www.realestate.com.au, google streetview, google maps etc) with 3 computer monitors (helps stop alt tabbing all the time).  In my…[Read more]

Hi there …Other than focusing on doing cosmetic renos the other important factors are …1.  You make your money when you buy … so buy extremely well … many people do not buy well and suffer the pain once they have finished and can not recoupe their money when the try to resell it … commonly known as over capitalisation.2.  Remember the d…[Read more]

Ha Joel,The renovation looked fantastic.  Good on ya!

Hi Matt & Jess,Thanks for the compliments on the Nerang house.If I remember I will post the figures of the property once the house has sold so that you have an accurate account of the renovation project.However, in the meantime the custom built kitchen installed with the appliances (not including the tiling) cost us $4,757.90 includes GST.

Hi Jess,To reduce our costs we could have either rendered just the front or the front and sides of the property.  I think that is doing a half ass job and you would probably get that feedback when you placed the property on the market to sell from potential buyers. The rendering on this job cost us $5,654.00 which also included the rendering of…[Read more]

Hi Joe,We have come across a few properties that have had extensions done to them with different types of bricks in them.  Our quick solution to this situation is just to render them, the transformation is amazing.Our most recent project (Renovation – Nerang House Project) illustrates this …  It had a mixture of old dated bricks and timber (cove…[Read more]

Hi Mav,One question you might want to ask yourself (I personally focus on my exit strategy first and then my entry strategy second) … "Is there sufficient demand in the market for this style of home that has been restored back to its original glory days and will someone pay a premium for it" as you have stated " I can't find anything else that…[Read more]

Hi Mav86,The quickest and most accurate way you are going to know the style of the property is to ask a local real estate agent who would know alot about the area and the style of homes that exist there and the ones that most appeal to people buying in the area.

MLK,

In my experience, investing your time in finding and understanding motivated sellers will get you the discount that you are after faster.

Case in point, in a Brisbane suburb at the moment the numbers for listings at the has doubled going from an average 60 listing for sales to over 130 with buyers far and few between with them being…[Read more]

Hi Romeop,In my experience this would seem to be a small issue and I have installed a bathroom exhaust fan to solve this issue.  I am assuming that most people do not want a window open when they are taking a shower.  Try for a discount off the purchase price but be realistic … say $500 and expect the vendor to reject it, however you do not kn…[Read more]

Hi doublekfarm,It was great to read the posts from Nigel, Josh & yourself.In response to your posting …" … but if anyone is interested to look at what is for sale I can send you links to the realtor we use, and several others who are reputable.We charge rent from $700 up to $950 per month,on houses that were bought at $25K and $35K, and the…[Read more]

Hi Mav,We have 4 renovation projects on the go at the moment in Brisbane and the Gold Coast at the moment.  We will be onselling them for $270,000 (Gailes House), $370,000 (Nerang House), $290,000 (Logan Central House) and $275,000 (Rochedale South Unit).  All at the affordable end of the housing market.In my personal opinion only and I have bee…[Read more]

Hi Toyah,We have clients that are in a similar position to you, mainly CEOs and surgeons that are equity rich, busy with other priorities and want to make their equity work hard for them in a passive nature. Please email me at info@bostonwest.com.au and I will email some information you can look at to see if what we offer would interest you.

Hi there,From my experience when I have property specification questions I do the following …1.  I ask a number of local real estate sales agents what potential buyers are looking for as a bare essentials and what would be the nice to haves.  A part of our business is that we renovate houses, so I get an agent to come out to inspect the propert…[Read more]

Hi there,That seems extremely expensive … I would look elsewhere.

Hi Daniel,According to an article last year, depending on where you are doing the property transaction, a vendor who becomes a tenant will fall outside the residentual tenancy authority (RTA) and if a dispute arises it will be a meesy one.  It really seemed odd to me.  While I am looking for the article … ask the RTA in the respective State if t…[Read more]