Forum Replies Created
Hey Safe,
I agree with itsandrew, the majority of people who are commenting have masses of experience in this field, AND i get a lack of answer. :P
I think they are just trying to help because there are so many newbies out there who trap themselves and ruin their changes of a successful long term portfolio because of lack of knowledge. :)Brissy units growth are very dependent on locality at the moment. Some places are majorly oversaturated with units and some aren’t – and they will continue to build in these oversaturated areas for first home buyers,downsizers etc.
But best bet is you’re on the money to steer clear from an area that has potential influence from future pipelines.
You can get units for that price and that yield elsewhere, like 7km radius out from the CBD that are safer for your DSR and long term portfolio. Have a look at units that have demand from Universities, not just inner city dwellers for stability, and stick to smaller unit blocks, like under 30-40 if you can.
Agreed Knightm.
I’m okay and don’t advocate myself as a buyers agent, more I only list stock that could work for investors as a whole. Which homes I then recommend to an investor depends entirely on the investors circumstances. I wont push everything I have for the sake of a sale.
My query was how can I build my name and find investors? I don’t have the dollars to advertise myself much.
Hey!
Maybe check out Landmark Building and Developments.
http://www.landmarkbuilding.net.au/default.aspI’ve worked with these guys, especially Nat quite a bit and they are the most down to earth group you’ll find. :)
I agree with Jamie!
It can be easy to underestimate the value of a quick cosmetic job, but the most useful advise I can give is stick to neutral tones.
As pretty as an orange feature wall might be and suit your furniture, bespoke styles are so hard to sell.I am an agent who has a few units aimed at investors and seriously appreciate a space thats depersonalised and universally changeable.
I renovated a home in Alderley when I was young, and we found a lot of super useful stuff from a demolition place in Brendale. We found a brand new vanity unit and bought it for $80. It needed a good scrub, but came up beautifully. There was also sinks, doors, windows etc all cheap!
A new lick of paint is always a good start, but also look at changing the door knobs, kitchen and bathroom handles and the light fixtures. Its the small things that can make the biggest difference. :) We have made these changes to our house now as well as adding some LED lights under the breakfast bar and behind the TV, changing the blinds ( $50 from Kmart and self installed) and updating the carpets.
I have my own agency and I sell stock. At the moment the majority of my stock is developers and builders own plus a few private dwellings, and I hope to expand and sell quite a few more existing dwellings in the future.
I’m only young and new to this game, I’m lucky that I have someone in the industry who is looking after me, but its up to me to find the right buyers for the right properties.
Aim of the game is to work for the investor and only offer them homes that suit their situation. There’s enough agents out there (IMO) who only care about their pockets. :)
Without sounding cheesy, but a personal recommendation approach teamed with networking and face-to-face stuff is a far more comprehensive way to build a business.
Hey Buddy!
Awesome work with 2 IPs.
Personally, what renovations I do depends on the IPs location. If its in an inner city location where street parking is scarce or theres no space out the front to park a car than that double car port is your friend. I would give the home a facelift and advertise the ample car space.
Alternatively, if the home is in a safe area with plenty of street parking then go for gold.
