Forum Replies Created
Dear Wanting More,
I live in Melbourne, actually and I’m not quite ready to start selling any of my antiques, though I may in the near future, in which case I’ll keep you posted.
Thanks for your kind offer.
Ricardo B.
Ricardo Bonel
Dear Simon,
Sounds like a great idea, only I don’t have anybody to build a garden shed for, so I’ll just have to start thinking…
Thanks!
Ricardo.
Good on you!
I too wish I would have started at your age, but sometimes wisdom comes only when it’s almost too late. A site that you mush check out if you want to be a property developer is http://www.smartpropertydevelopment.com.au/
Keep up the good work, hnag on to your dreams and do something about them every day.
Regards.
Ricardo B.
Hi Alex,
Great advice has already been given to you by Sue – about the building inspection. You have probably already read the Chapter on the “Renovation” Steve wrote in “From 0 to 130…” Lots of cautionary good advice on what to look out for if you plan to do the renovation yourself. Another book I recently read has two very good chapters on renovations. The book is “$10 Million Property Portfolio in just 10 Years.” by Peter Spann. (it’s out in the book shops. Chapters 16 and 17 have great advice on renovations, pecially if you are planning to rent the renovated property. In answer to your question, I believe you can do some of the “rough” work, but leave the finer details to the experts… for that you’ll need a professional renovator.
Regards,
Ricardo Bonel
Dear Ali G,
Thanks for your reply and the e-mail of the house-sitting agents! You say they have figured in the media, but how? Can you please expand on that a bit? Your words of caution have been heard and I would make sure that proper contracts are in place to stay out of potential trouble.
Regards,
Ricardo B.
Ricardo Bonel
Dear Gatsby,
Your reply confirms my suspicions that house sitters prefer couples to sit their houses, though I’m a bit confused because you mentioned that (a:) you didn’t get a result from joining with the Agent, though (b:) your very good friend did get a house sit for six months – and then you say “they” were able to save up a deposit…
Can you clarify?
Thanks for your reply! Looks like the only way to find out is to try it for myself.
Ricardo Bonel
Dear Derek,
Thanks for your reply, in regards to my 100k for investment, it’s locked in and won’t be free for another 2 or 3 months. I’ve got an extra 15k that I could invest straight away, but there’s a couple of things holding me back: For starters, I think It would be a great idea to find a business parter that would complement my skills, which are not strong in the maths field – I’m more an enthusiatic “people” person who would get a rush from going out hunting for properties, establishing a network of Real Estate agents, negotiating deals, etc. My ideal partner would have strong accounting skills and be more cautious than I am. Ideally he would be builder-renovator with some experience, who wants to fast-track his investments. (I’m not asking for much, am I?) The other thing that is holding me back is that I want to clarify my strategy and set realistic goals (which will, of course have to match-up with my potential partner’s goals.) I’ve read “From 0 to 100…” and just finished reading Peter Spann’s “How to build a $10 million property portfolio in just 10 Years.” I found both books excellent and now I’m a bit undecided as to which way to go: Positive Cash Flow only, or buy do “make-ups” and sell. I must admit that the second option tempts me more.
Back to the point of house sitting: I think I will give that a try as it would also allow me to stay time-rich if I’m successfull in getting a house to sit.
Ricardo Bonel
