Another beginner

Your in the exact same position I was in about a month ago. I have since read 7 books and have asked many questions on here. This is the best way to obtain information on it all.
I used the eBay method to obtain my books and have bought 20 of them and am reading them through very enthusiastically.

I am also 18, I share your youth. Your lucky that your parents are interested in everything. My parents are not. That gives you a huge(and I mean huge head start).
I have not yet read ‘The Richest Man in Babylon’ but I soon will.
I recommend ‘Rich Dad, Poor Dad’. It will change the way you look at money and throws around some ideas that do help in obtaining that investor psychology that you must have.
Well Good Luck, happy investing.

Christopher.

Well the best way now from where you are with those books read, is to continue to read more and to ask many questions on here. Even if you think they will sound silly or stupid, they aren’t. The only stupid question is one not asked.

From your original post you describe what we would call a buy-reno-sell method. I would suggest reading up on that specific strategy, so you can become more of an expert in that particular field.
With the buy-reno-sell method we usually refer to you as developers or traders and even though you can ask questions here(and we encourage it), there is a more of a chance that the development/renovations questions will be answered in the value added or even the creative investing forums.

What price range are you looking at?

Are you looking on buying a real bad dump and doing a quick restoration on it to increase the price?

Have you considered the method where you buy a dump and do it up properly over 6months and thus have access to the FHOG and the reduced Stamp Duty. Then after the 6 months(and the super renovations) you can rent it back at a much higher ammount.
Also because your equity will have risen dramatically you could access the equity to move onto another deal and so on. This method would have the benefit of you not having to deal with the pain of selling property.(Well this is my method, so far).

I don’t know about the masterpack, I think you would gain the bulk of your information(concerning IPs) from the books you read. All the basics and all the ways you think.
As the name suggests it is a masterpack, i guess it is kind of saying that it will make you a master and to be a master you would have to have high levels of knowledge and experience to be able to go and make the transition with the kit you are considering.

Christopher.

I have purchased it and watched all the DVD’s. It gives you extra insights into organising property deals and has an extra DVD as a bonus on how to get the bank to say yes. It is very informative and best of all you can watch it over and over again where as a seminar would only be seen once and all at once.
Be cautious in renovating before settlement as the buyer can pull out or you can’t get finance and they gain a renovated property. It is better to plan your renovation to start one day after settlement so that you can have the builders, ect come in straight away. in your contract make it a condition that you, or your agents , builders, trades people can come in to quote and plan. If you need BA building approval or DA developer approval it takes time and use the settlement time to get these under way.
settle on a monday so you can start work on tuesday.