JBC,

That all sounds good in theory, however the real world I would see that you have a few problems with what you are proposing and I will poke holes in your thought process.

Firstly, to mark out a property by 25% over its retail price point for three-year option is way too ambitious from my experience and I have seen people end up in court…[Read more]

Hello JBC,

in relation to a lease option and from my experience the following is worth considering:

1. You really don’t make money until the lease options exercised and therefore I would go for a shorter period rather than longer period.

2. The longer you have the lease option goes for the longer the management of the deal and your risk…[Read more]

Hi Kate, Richard and Ivan,

Thanks for responding to my requests, I have already personally contacted Terry and he has referred me to someone and I have a number of other solicitors to check out on Monday. Thanks for all your help.

Kate … Love the look of your website.

Regards,

Jason Moore

Hi there,

Just make sure they do not inflate the price by 15% in the first place.

Regards,

Jason Moore

Hi Nu2oz,

When I started 15 years ago we use to assign contracts (on about 20 deals) … however it is difficult these days. We currently use call options (on about 100 property deals) as it allows you to secure the property and prevents any funny business occurring with onselling it (the rights to purchase) either from the seller or potential…[Read more]

Hi Keiko,

One idea is to go down to the local market on the weekend, pick yourself up a couple of plants to put in the garden, which are super cheap to
buy compared to going through normal retail stores.

Kind regards,

Jason Moore

Hi jmsrachel,

Taking one step back in the a few other questions also ask as well;

1. How much of a discount to get off the property? What are the big discounts? 40% +, an average discount of 30% or a run-of-the-mill 15%? I always believe that you make money when you buy, especially doing renovation projects in this current market. Depending…[Read more]

Hi Coffeng,

In Australia , to my understanding the banking industry needs to be PERCEIVED as doing the right thing in achieving fair market value for the property. In one of those mechanisms, to achieve it is to take the property to the market by the auction process. Where it gets advertised to the general market, has time to attract potential…[Read more]

Hi Joe,

From my experience, the best Mortgage Brokers to work with are the ones that have their own Personal Assistants. As a Broker can get out there and generate the business while the PA is in the office making sure all the I’s are dotted, T’s are across and that everything is running to schedule.

Hope this helps.

Kind regards,

Jason Moore

Hi there,

From my experience I would suggest that because of the situation:
1.) I would first find out and completely understand why the person has approached in the first place.
2.) What pressure is upon them at the moment?
3.) How do you plan to resolve or help your friend out?
4.) What is she prepared to do or give away to make that happen…[Read more]

Ethan,

Over the past 12 years, I personally done well over 100 property transactions and from my experience I will share a couple of ideas with you:

THE PROPERTY FINDER A BUSINESS

1. I pay my Property Finders $1000 for every good lead they provide me. All they have to do is give me the property location and a bit of background information on…[Read more]

Thanks Waydo77,

It looks like an interesting piece reading … I would say is that the range estimations are quite broad. Case in point is that anything with a parameter palings anywhere between $57 and $100 and typically I pay $65 which is the standard going rate timber fences these days based in Brisbane.

Have a closer read of it…[Read more]

Hello there,

You might want to check out this iPhone app called “houzz” … I got it from Jane at Hotspace.

Kind regards,

Jason Moore

Hello Pups,

We use both Price Finder and RP Data Professional …. I have been trading properties for the last 13 years and at that time RP Data standard version was really the only thing available and you get quite used to it and I find it even hard to trade up to RP data Professional , really used to the old system. The two downsides of RP…[Read more]

Hello TT2011,

Maybe you could share with the forum what suburb and state the property resides in so members could give you some recommendations on some top property managers you can choose from based on their experience.

Kind regards,

Jason Moore

Hello Shanina,

There are a couple meet-up groups related to property that both Paul Derry and Matt Jones run here up in Brisbane and on the Gold Coast. You might wanted to network some of the members online as you can have their profile and see which ones renovating Brisbane.

Matt Jones…[Read more]

Hi Jack,

What you might want to consider is put out by Dean and Louise Parker is called Property Systems and step-by-step manual the “Complete Renovation System”. Propertyinvesting.com has it in their bookstore and you can either pay $1300 upfront or break in the three payments. .

Kind regards,

Jason Moore