I agree with Catalyst about meetup.com and finding a property investing networking group. These things are fantastic! That is how we found our broker. He is local and has been the difference between a deal getting over the line, or not. Interesting to note that the last purchase was completed completely over the phone/email so maybe I’m a…[Read more]

My two cents. I find the reply by PHP a little suss.

I agree that finance and accounting can be completed over email/phone for the more experienced investor, once a relationship has been developed.

A face-to-face meeting, and a step by step explanation of the process, is INVALUABLE for a newbie to the game.

The professionals on this forum…[Read more]

Ahh ok, I’m with you. Firstly I would suggest not borrowing for a renovation if at all possible. You don’t want to have to be paying loans back for value-add on top of the regular mortgage. The less risk the better and this will put you a step backwards in your property journey. Saying that, it depends on the situation. People have been very…[Read more]

Hi there,

We have for our PPOR but luckily we have a cabinet maker in the family.

We choose to go the cheap option, however, and replace only a few cabinets, reface the existing cabinet doors and install new handles, new laminate benchtops, sinks, and appliances.

I ripped out the old tiles and learnt how to tile myself. Total cost under $3000.…[Read more]

We do most of the work ourselves accept for the laying of the carpet. Get yourself 3-4 quotes and play companies against each other. I find the prices almost always have margin for a considerable decrease based on the first quote. Another handy hint is to re-use the underlay if it’s in ok condition, which I find has been the case 90% of the time.…[Read more]

Hi Derek

We find white paint, new blinds and carpet can transform a property. This can be achieved for under $2,000 for a 3 bedroom house.

And like JacM says above, be prepared for some elbow grease if you buy a property under value. Basic landscaping can give a property street appeal which I think is very important for tenant appeal and re-val…[Read more]

Ok got it working, just needed the commas in the address!

Hi Andrew,

I just gave it a go and nothing happened. Property address and price was used.

Could it be due to the fact I was working off an iPad?? Or maybe the format I placed the details in?

I’m interested in giving it a go. You could include an example of how to add details to assist clients.

Good luck

Problem is scha9799, this video is not about the numbers. There was no mention of figures (Although I think we would all like to know). This was produced to highlight the condition of the property and the renovation that will be completed to bring it up to rental quality. Video’s must be produced to target your aims.

“Rock on, young man” No…[Read more]

What area does he service tanjimh?

Bight the bullet and invest some money in a decent video camera.. Second hand if you need. Your excuses about saving the money make no sense?? Business brings more money in. You could be potentially turning people away by producing cheap videos..

What gets me is the lighting. Dark patches when you’re trying to see the house is extremely…[Read more]

Hi guys,

A late reply – property can’t occupy our every thoughts now can it? ;)

@Jamie-M I’ve seen you mention the $20k reno a few times. That must have really stung. Obviously your business in doing great guns and you have yourself a bloody nice place to shower, s..t and shave every morning!

@CjaySA Thanks for your comments. Spot on. Cheap,…[Read more]

Hi guys,

A late reply – property can’t occupy our every thoughts now can it? ;)

@Jamie-M I’ve seen you mention the $20k reno a few times. That must have really stung. Obviously your business in doing great guns and you have yourself a bloody nice place to shower, s..t and shave every morning!

@CjaySA Thanks for your comments. Spot on. Cheap,…[Read more]

Cheers Kinetic :) now to get it leased!

Learnt something the other day that people might find handy if they’re DIY painting.

When you’ve finished with your brushes/rollers/paint in tray, and you know your gonna use then again shortly, stick them in a plastic bag and in the fridge. Works a treat and if your like me and hate washing up and choose to throw good rollers away, also saves…[Read more]

http://www.bloomberg.com/news/2014-06-25/the-riskiest-housing-markets-in-the-u-s-.html

Engelo,

You crack me up! How to skin a freckle. Ouch!

Thanks for your time in commenting. You have definitely got me thinking about PI strategies and US real-estate in a very different light.

Cheers

Interesting perspectives Jay. Thanks for your thoughts.

The ‘hypothetical’ speculation was written purely to contrast the fact there is no point hoping to make money in some US real-estate off capital appreciation. If there was to be a 3 year boom in Mid-west real-estate you would make next to nothing compared to the average growth in…[Read more]