Hi Hughski,It is funny what Suavemachanic said about the position of the door … I completely agree.  We currently have a renovation project at Nerang on the Gold Coast where the 4th bedroom use to be a garage underneath the roof line.  It to had a hugh archway into the room from the lounge and it looked stupid as it wasted alot of the wall sp…[Read more]

Ha Jodee,It depends on what property strategy that you are interested in.  There are many out there, simply tell us what strategy are you interested in pursuing.Talk to you soon.

Hi Anthony,Rather than seeking the sliver bullet answer, in my experience I have found it more benefitical long term to understand how to properly analysis an area of interest if your strategy is renovations.  For example, if I said a suburb to you, you would not understand my rationale or the lead indicators I used to come to that recommendation. 

Hi there,I have no experience in this, however for me to resolve this issue I would contact a town planner and ask them over the phone was is the usual way this can be done and they should be able to steer you in the right direction.

Hi Omiy,You are not talking about a major renovation here … just an air conditioning unit and built ins … I personally think it comes down to personal comfort … If those items would improve your standard of living today then go stick them in … If you were doing a major renovation such as painting, new kitchen, new bathroom & new…[Read more]

Hi Drandis,I would say it depends on what you are trying to acheive …1.  Rental Properties … Durable and low maintenaince … lino and carpet2.  Buy, Reno & Sell … First impressions and the WOW factor … tiles and carpetAll the best …

Hi Michael,We are based in Brisbane and have 4 renovation projects on the go at the moment.  To answer your questions:1.  The best way to learn:  Get a mentor who has a current track record in doing renovations … get educated in the basics buying well, project management and people management … and above all else get started.A Mentor … Some…[Read more]

Hi Jonathan,We are based in Brisbane, done well over 100 properties and have 4 renovation projects on the go at the moment as well as a number of flips (just acquire and sell them no renovation work required).  From my experience I will share with you the following …1.  Our model is that we buy extremely well … This goes along way to our su…[Read more]

Keiko,Shot we an email and I can email you one.

Hi Keiko,The the information below from the Department of Fair Trade website.  I also checked a copy of the listing agreements and I think you have no cooling off period.  Read below anyway.Exclusive agency appointmentAn agent with an exclusive agency appointment can get an agreed commission upon sale whether or not they actually sell the house. I…[Read more]

Subzero,Love your question … Why crawl like a snail when you can sprint like a cheater.  I have done well over 100 property transactions and the ones we like are …1.  Acquire properties under valued and flip the property for a quick profit (30 – 60 day time frame)2.  Buy, Fix and Sell (Renos) for a quick profit (150 – 180 day time fra…[Read more]

Hi Richard,In relation to your comment … "Sorry i dont see anything crazy about that as it is the lenders risk if he has to execute his right of possession and his sale options are limited because of a prevailing tenancy". All the banks have to do is issue a "Notice To Tenants By Mortgagee Requiring Vacant Possession" notice and the tenant has…[Read more]

Hi There,We usually replace the whole kitchen in all our renovations, however if you are doing it on the cheap think about the following:1.  Replace the cupboard door only to get rid of the blue and get a more modern look.2.  White tile over the blue check one.3.  That space at the back looks odd.About the kitchen having a washing machine … tr…[Read more]

Hi Ryan,It is always great to see someone give something new a go as the first time, as it is always the hardest and you learn so much from doing instead of talking about it.Be careful when buying rural properties … I had one offered to me in Feb 2010 for $50,000 that rented for $150 per week.  Research showed me that I would spend a large prop…[Read more]

Thanks Jane …Finally someone has been able to quantify the results of staging a property and I tend to agree with those numbers.  I have not staged any of our renovated properties that we have sold and we can still sell them within a 14 day time period and get a premium price for the property.  We are heading towards staging 2 of our 4 re…[Read more]

Ha Clint,We have done over a 100 property transactions and when I saw their live stage presentation in Sydney and their study pack to follow, it was the most thorough and professional kit I have seen in a long time so much so we purchased it.  They are great at systemising the property business.  Well worth the investment.

Ha Melinda,The Interior Design we now use has just launch a new book and that is working wonders for her.  You can check Karen Devereux out on her website at http://www.kddesign.com.au.The stock standard things you could do to showcase your work are:1.  Get onto Twitter2.  Get a Facebook fan page3.  Get onto Google

Hi Alex,Have you ever considered being a Private Money Lender providing the financial backing for an experience property investor … if not you should check it out.  Follow the link below … it is a 3 minute video clip on Youtube that give you a quick general idea of how it operates.  It is a bit cheesy (American Style Selling) … but it does c…[Read more]

Matt,

I have been doing wrapping for about 5 years now full time and during that time I have done a significant number of property transactions. I have done most of the vendor finance techniques during that time.

What have I learnt during this time … wrapping was a starting point in my wealth plan and as time has passed you learn a hell of…[Read more]

Ok