PropertyInvesting.com | chpropdev | Activity https://www.propertyinvesting.com/members/chpropdev/activity/ Activity feed for chpropdev. Sat, 11 Apr 2026 19:20:35 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e960c486b37984ab4333a14849931765 chpropdev replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Wow.  That was quite a https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/6/#post-4586844 Thu, 29 May 2008 22:30:46 +0000 Wow.  That was quite a read.  Well, tell the truth, I only got to the bits were the bears were going to fight the bulls in the pub car park.  Maybe each side should chose a champion and let them have at it?  Anyway, for those of you who have the time to read six pages of opinions, here's my two dallars worth.  Firstly, those of you who try and…[Read more]

]]> 4de0515c4cd7d1734021e1170549ee4a chpropdev replied to the topic What are the rough costs to develop a small set of units? in the forum Value Adding https://www.propertyinvesting.com/topic/4392432-what-are-the-rough-costs-to-develop-a-small-set-of-units/#post-4583320 Tue, 06 May 2008 09:27:57 +0000 Hello,You need to do your own homework but, as I have just finished building two units in Tassie (so inflate everything for the over-priced mainland!), here are my thoughts.   Only you know what you can sell your development for so what you need to subtract from that figure (and I wouldn't be banking on any capital growth right now)  is:Land cos…[Read more]

]]> a379e9ee46cb5e25f816106949da45ae chpropdev replied to the topic How does the builder know how high to build the slab? in the forum Value Adding https://www.propertyinvesting.com/topic/4392223-how-does-the-builder-know-how-high-to-build-the-slab/#post-4582335 Thu, 07 Feb 2008 10:04:29 +0000 Thx for the advice SNM.  I don't intend to pay for anything and will be discussing the problem with the Building/Plumbing Inspector once everybody has got the joint plan of action together.  I still owe over a $100k to the builders so that should be a fair incentive for them to get everything fixed.As for 35.35 minus 35.2 being 150mm and not 40…[Read more]

]]> eed0c6fdb13a85fc001ec8845a95b4ac chpropdev replied to the topic How does the builder know how high to build the slab? in the forum Value Adding https://www.propertyinvesting.com/topic/4392223-how-does-the-builder-know-how-high-to-build-the-slab/#post-4582333 Wed, 06 Feb 2008 23:52:22 +0000 Thanks guys. The answers to your questions are:1) The finished floor level (FFL) is marked on the plans as 35.35 above sea level.   From the contour lines on the overall plot layout plan, the highest gradient intersecting with the unit should have been somewhere around 35.2.   Therefore, as the FFL should have been at 35.35, at no point should …[Read more]

]]> 80985325c4a9cf3b7903ed5530f9f4e5 chpropdev replied to the topic how did Steve McNight finance his properties? in the forum Finance https://www.propertyinvesting.com/topic/4391955-how-did-steve-mcnight-finance-his-properties/page/2/#post-4580799 Sun, 27 Jan 2008 09:31:04 +0000 Hi,Personally, I read Steve's book when my family and I arrived in Australia a few years ago.  I'd been made redundant in the US and we decided to start again in Oz.  I read the 130 book whilst driving across the Nullabor.  If nothing else, it made that really long strech of straight road less boring.I decided to give it a try, not in tota…[Read more]

]]> 29e497e155205205063f6b7d14f7a0be chpropdev replied to the topic Like pinning a tail on the donkey... in the forum Hello, When is the right https://www.propertyinvesting.com/topic/4391029-like-pinning-a-tail-on-the-donkey/#post-4575317 Sat, 06 Oct 2007 01:30:57 +0000 Hello,When is the right time to buy property?  The answer is "Now".  It's an old saying but one that is almost 100% correct.  The only time I would not buy is in a dramatic downtun – like in the UK in the late 80's when owners encountered negative equity (where you owe more than the property is worth due to devaluation).  The probability of tha…[Read more]

]]> 6a75b6382d12c819d6720f70e0f1d81d chpropdev replied to the topic First meeting of "Renovators Who Are Not Tradies Anonymous" in the forum Value Adding https://www.propertyinvesting.com/topic/4390980-first-meeting-of-renovators-who-are-not-tradies-anonymous/#post-4575006 Sat, 06 Oct 2007 00:53:20 +0000 Crashy,As a former tradie you can only join if you we're struck off for gross incompetence.  And even then, you're not allowed to join if you have ever been a bricky.Andy

]]> 1e5509fddda26e94c9a756a0f94cc57a chpropdev replied to the topic Our first reno project in the forum Value Adding https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/14/#post-4568707 Thu, 04 Oct 2007 21:12:21 +0000 Hi,I haven't got a lot of time to reply to your post Jase (as I have a pressing engagement with a ceiling through which a sparky fell yesterday!) but you are of, of course, correct to say that you bank cash not percentages.  What I personally do is this (which I didn't really explain in full): I do look for a 20% profit margin but I then also…[Read more]

]]> 5aa492e7038adfbcb6026389db88900d chpropdev replied to the topic Front Fence+ in the forum Value Adding https://www.propertyinvesting.com/topic/4390858-front-fence/#post-4574428 Thu, 04 Oct 2007 20:48:29 +0000 Have a go yourself.  They are really quite simple if your land is flat and you keep the design basic.  All you need is a chop saw or circ saw, spade (or a petrol post hole digger if you have a lot of posts), a drill and some time.  Go to your library as most fencing books show how to design and build.  My only other advice is not to mortise the…[Read more]

]]> 937ad83f027fe6944b9841d2981f5ffc chpropdev replied to the topic Our first reno project in the forum Value Adding https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/13/#post-4568704 Thu, 04 Oct 2007 12:49:47 +0000 I'd accept a toblerone for helping but it'd have to be one of those really big ones that you get at Christmas from your big brother (when he was eight – he doesn't get me anything now he's 43).I think you did pretty well for your first outing.  Okay, so you went ahead aiming for a small profit and you ended up making a fair bit more.  The main…[Read more]

]]> ba68d476f3d83c3de42687407f3d15cb chpropdev replied to the topic sick of greedy plumbers & electricians in the forum General Property https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/page/7/#post-4573612 Sat, 29 Sep 2007 23:08:32 +0000 I come from the UK – where wages and business expenses are typically much higher.  I had one property rewired completely (a large 4 bed two story house with double brick walls – hard for a sparky).  It cost me 850 pounds or about $2000.  I had a house rewired in Tassie (3 bed two story, weatherboard with easy access) – for cash – and it cost me $3…[Read more]

]]> cd1bca4c6bbbd1492706a2ec759f42ba chpropdev replied to the topic Renovating full time? in the forum Value Adding https://www.propertyinvesting.com/topic/4390106-renovating-full-time/page/2/#post-4570141 Sat, 29 Sep 2007 02:05:28 +0000 Hello,I am a full time renovator and I'm not a tradie – and this is my first meeting of "Renovators Who Are Not Tradies Anonymous".  Maybe Crashy could be my mentor.  Christ, I'm dying for a drink… maybe I'm at the wrong meeting?Anyway, I think, before Crashy and Chumpy decided to lay into each other in the pub carpark which is http://www.propertyinvest…[Read more]

]]> 234c09863b7cfe1d866be6c5fe2642eb chpropdev replied to the topic Buting an investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4389628-buting-an-investment-property/page/2/#post-4567734 Mon, 21 May 2007 11:56:17 +0000 I have a possible answer to your problem.  Basically, I agree with most of the comments saying you are going to be overwhelmed if you stretch yourself any further…. that is if if you stay where you are (which I assume is somewhere near or in a major city on the big island).My advice is come to lovely Tassie, get some new jobs (there are lots an…[Read more]

]]> e59559810192a21021ab7cd980f07ee4 chpropdev replied to the topic buying reno selling in the forum I do the same thing as you https://www.propertyinvesting.com/topic/4389533-buying-reno-selling/#post-4567390 Mon, 21 May 2007 11:32:51 +0000 I do the same thing as you are thinking of doing.  I buy lemons (specialising in the dead,drunk, demented or drug addicted!) and do very well.  However, being good with your hands isn't the main part.  It helps but if doing everything delays the sale by more than the mortgage then you are adding less than zero.  Cost everything with someone else…[Read more]

]]> 56e02ff352af2b1e4db623e93bf31773 chpropdev replied to the topic a double murder house cheap??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389439-a-double-murder-house-cheap/#post-4567018 Thu, 10 May 2007 11:40:22 +0000 I live in a house (a pub) where a murder took place.  Love it to bits.  Adds loads of character.  The only difference is that the murder took place in 1828 (Bushranger versus landlord – guess who got decapitated?)!  The people around here still know the story.  So, if you can wait a couple of hundred years then go for it!Almor.

]]> ea420d1d79594ad79bfd6aa18b8192c0 chpropdev replied to the topic Better unit or lesser house in the forum Okay, my first question https://www.propertyinvesting.com/topic/4389550-better-unit-or-lesser-house/#post-4567440 Thu, 10 May 2007 11:24:44 +0000 Okay, my first question is can you actually do anything in the future with the land (can you strata or subdivide or enlarge the property, what about the access, plot layout, planning scheme etc…)?  If you can't develop the land in the future, it has little to add to the deal (even if it's an acre!).  If you can develop, consider the house m…[Read more]

]]> cd37ceb813b6b5ea474034eb2cbfdc6b chpropdev replied to the topic How much do you save by selling it privately? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387210-how-much-do-you-save-by-selling-it-privately/#post-4556520 Wed, 01 Nov 2006 13:40:00 +0000 I have sold houses both through agents and privately.

My advice is, if you are confident that you have the necessary copy writing, marketing and negotiation skills – plus the time – then why not have a go? On the other hand, if you know nothing of the contractual process, are prone to becoming too emotionally involved or are not a good…[Read more]

]]> 12e991de864bc6df10e130689fd1683f chpropdev replied to the topic Which is more suitable for rental and value adding in the forum Value Adding https://www.propertyinvesting.com/topic/4387253-which-is-more-suitable-for-rental-and-value-adding/#post-4556704 Wed, 01 Nov 2006 12:57:28 +0000 For what it’s worth, my advice is to go for a relatively cheap kitchen that looks the part if you’re house isn’t aimed at the upper end of the rental market . Tenants will treat your kitchen pretty harshly so after a few years you’ll regret the outlay on the exxy kitchen.

I use flat pack kitchens from Bunnings. Not the very basic one but the…[Read more]

]]> f718d19b08263e135e04f770da5fad9b chpropdev replied to the topic subdividing block in the forum Value Adding https://www.propertyinvesting.com/topic/4386655-subdividing-block/#post-4553924 Thu, 07 Sep 2006 04:23:33 +0000 I’ve just bought a small packet of land off a neighbour to allow me to develop a rear yard – two units.

It was relatively straightforward here in Tassie. I agreed a price with the neighbour – no problem there as she wants the cash. The solicitor then drew up a contract of sale contingent on Council agreeing to the boundary reallocation and the…[Read more]

]]> 55dad7bbdec927ba01e7d9bb14ee95f9 chpropdev replied to the topic Buying Weatherboard vs Brick in the forum General Property https://www.propertyinvesting.com/topic/4386673-buying-weatherboard-vs-brick/#post-4553972 Wed, 06 Sep 2006 13:53:21 +0000 I’m from the Uk too and I bloody hate WB. As nice as it looks finished, its a complete b******d to rub down and paint if you do renos like me. Can add weeks to a job, and its normally rotted here there and everywhere, and in Tassie, a 100SQM house will cost you upward of $5k to get a painter in. I like brick – even if Ozzy brick is as ugly as…[Read more]

]]> 4408a2a1f67fe1d8dce013919d745e32 chpropdev replied to the topic Renovations, Markets and Tax in the forum Value Adding https://www.propertyinvesting.com/topic/4386459-renovations-markets-and-tax/#post-4552895 Wed, 06 Sep 2006 13:42:26 +0000 Hi,

On the CGT issue: I do renos and spec build mainly and incur no CGT. I have an ABN and I am GST registered. I have no other “job”. Basically, any profits made from the renos are treated as income – and not as capital gain. My accountant basically told me that it is all to do with your initial intention. If you buy the property as an…[Read more]

]]> fa0e075c5e1ca0559b27bf53eb7d0e5b chpropdev replied to the topic Where to start at age 41? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386689-where-to-start-at-age-41/#post-4554044 Wed, 06 Sep 2006 13:10:17 +0000 41! Its not like your 80!

And you have hundreds of thousands of dollars to play with!

You’re a lucky, lucky man!

I was fired from a very well paid job in the US when I was in my late 30’s. Career down the pan, I suddenly realised that we had been living a very consumerist lifestlye – and we had very little apart from our home equity (about…[Read more]

]]> a9c0d37ffbfef0b768d474570f6450a6 chpropdev replied to the topic New Immigrant - Problems Raising Finance in the forum No Subject https://www.propertyinvesting.com/topic/4385432-new-immigrant-problems-raising-finance/#post-4547124 Fri, 02 Jun 2006 00:51:24 +0000 Firstly, thx for the replies.

I am aware of no doc/low doc loans for house purchases. The problem is that I don’t need to purchase a house right now but build three new units from scratch. I couldn’t find a ND/LD lender who was interested in that – mainly because no asset was available to act as security.

However, the good news is that when I…[Read more]

]]> 983f8b4048a3d282b4aa7b76550bb900 chpropdev replied to the topic Colour Ideas Needed on 1st Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4384749-colour-ideas-needed-on-1st-reno/#post-4543747 Mon, 29 May 2006 12:01:19 +0000 I know you’ve started painting but here are my tips:

1) A very neutral light beige for the walls, white for the ceilings, and antique white for the trim. I do this in all my houses.

2) Don’t mess around changing colour schemes in all your “standard” places. It just takes up to much time.

3) Do all walls in old houses flat as a tack matt.…[Read more]

]]> f81e151456507e8084952401a9fe9fd5 chpropdev replied to the topic Kitchen costs? in the forum Value Adding https://www.propertyinvesting.com/topic/4385452-kitchen-costs/#post-4547272 Mon, 22 May 2006 11:08:40 +0000 $10k for a kitchen! Unless the house is worth $400k+ then you are way over the top. I reno mainly $200k to $300k houses in TAS adn the most I have ever spent (even when I was doing this in the UK ) was $5k. I do however fit the kitchen myself (it isn’t hard to put the carcasses together – the only problematic bit is the pre formed tops when…[Read more]

]]> 2b3fcaae4f385f58d31c35c216176bdf chpropdev replied to the topic Unmotivated Partner in the forum Help Needed! https://www.propertyinvesting.com/topic/4377906-unmotivated-partner/page/5/#post-4501618 Thu, 27 Apr 2006 15:28:02 +0000 I know a good divorce lawyer.[biggrin]

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]]> 73a367adc7f56babf9ae5d0e05432540 chpropdev replied to the topic Strata Title - Can you sell existing houses? in the forum Value Adding https://www.propertyinvesting.com/topic/4383492-strata-title-can-you-sell-existing-houses/#post-4537006 Sun, 11 Dec 2005 00:20:47 +0000 Okay, I’ll speak to the surveyor/council. It’ll make everything a lot easier if I can sell the houses off now.

Best regards and thanks,

Andy

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