Hi Peter
As you have read my post then you can see I have supplied his initials. Do they align with the person you are referring too

Hi Mack
How is your search going for a reliable mentor.
Be very careful when researching. There Are plenty of sharks out there willing to take your hard earned cash of your hands.
Richard speaks from a place of experience and is the type of mentor to look for.
I was unlucky to meet a shark, who promised to lead me to financial freedom but within 2…[Read more]

Merv,
Nigel is right, there is always somebody wanting a piece of the action. Even if they’re a self-promoting mentoring guru ,who you pay highly for their service. They are also on the receiving end of commissions from the deals you do.
Watch out for the Sharks that used to promote Florida. They will bled you dry and you won’t see your money…[Read more]

Merv,
Nigel is right, there is always somebody wanting a piece of the action. Even if they’re a self-promoting mentoring guru ,who you pay highly for their service. They are also on the receiving end of commissions from the deals you do.
Watch out for the Sharks that used to promote Florida. They will bled you dry and you won’t see your money…[Read more]

David, Contact Mark Honeybone at http://propertyventures.co.nz/.
Hes a great guy with plenty of NZ knowledge.
Caught up and had lunch with him a couple of years ago.

Cheers

Great to hear from you David, I agree with your Buy and Hold strategy , with a view to develop in a couple of years. Have done a couple of these with the same success. I got the impression CovelliOO was talking about flipping them quickly and repeating the process.But holding costs ,closing costs ,sales commission , stamp duty. They eat into a…[Read more]

Hi, I have done many renovations in Perth in the past and now not entirely convinced that the current Perth market is a good “reno market”. Two weeks ago, the Saturday west newspaper printed an article from Macquarie . Which compared 6 houses on the market now to when they were bought in 2007 [the peak of the perth market]. The worst was a house…[Read more]

That's fine , Jamie.

But if you get your own valuation, you will discover if the developer has jacked the valuation up.
And you can use yours to negotiate a better deal, if you want to continue with the purchase.

Not for me either.

Same reasons as above;

With finance committed for 1 or 2 years, to settlement date, doesn't allow for other projects to be considered.
Also, I would insist on getting my own valuation OTP  done, before signing the COS.

Have you thought about using a "Buyers Agent"

I've used them for development blocks and easily made their commission plus profit back..

Hi Lisa,

At the mention of cabinet makers, I see $$$$$$$$$$$$$.

Before going to the expense, draw up a scale plan, with taps, drain on it and take it to IKEA.
They have designers that may be able to help you.

You can trade in the lawn mower for a tennis club membership

Buddy, it sounds like you have dug a massive hole.

Google; "Dominique Grubisa"
Think she has a company called "Aussie Debt Rescue" .
May be able to help.

D

Friends of mine bought a contemporary  style 3 x 2  house on a 6 metre wide block in Subiaco , Perth.
It was separate and a mirror image of the house next door , with a difference looking exterior.
As you know Subi , is close to the city and prices are quite high. They doubled their money in 6 years
There is a demand for this size, if its close…[Read more]

Hi Dan,

I personally wouldn't build in Baldivis or Wellard, too far south, unless it's about affordability .
Armadale has a train service to the city and great for investors as prices are low compared to the Perth medium .
Ellenbrook  has been popular for a couple of years now, not sure of the values, there was talk of a light rail link with…[Read more]

Hi James,

For your first question, Don't rip the boards off you will open a can of worms. I'm guessing they are vertical ship-lap boards or panels. Best to make sure they are firmly nailed on  then clad over the top with gyprock .

Not sure what you mean by wooden strips, if they are running horizontal about 1 metre above the floor then that is a…[Read more]

Hi James,

For your first question, Don't rip the boards off you will open a can of worms. I'm guessing they are vertical ship-lap boards or panels. Best to make sure they are firmly nailed on  then clad over the top with gyprock .

Not sure what you mean by wooden strips, if they are running horizontal about 1 metre above the floor then that is a…[Read more]

Hi Sambo,

My question would be .
Where is your weekender ?
How much time do you spend there ?
How much is it costing you to hold on too ?
Are you emotionally attached to it.
Why not start your investing now by renting it out, you can always use it as a weekender a few years down the track after you have built up your portfolio.

Just my two cents worth