Dean Parker replied to the topic Renovating For Profit in Brisbane – QBSA restrictions in the forum Value Adding 5 years ago
Hi,Your builder is correct. Check out the Queensland Building Services Authority (QBSA) website. The link is below. After several conversations with them my understanding is as follows:If you are managing more than one trades person you do need to be an owner builder or have a licensed builder to organise the trades. Given you can only do one…[Read more]
Hi All,I thought I add a quick post in relation to some of the queries people have.As for our background, my wife Elise and I were both full time IT employees and had only dabbled in property when we attended Steve's Master Class in August 2004. Loaded with the information learnt on that day and a burning desire to create a better lifestyle for…[Read more]
I think you can make money using this system, but your are right it does take time and money to do so. Martin is living proof that you can build a very handsome portfolio in just a handful of years. I am sure he didn’t do it alone and used different techniques to acquire funds to build it up so quickly. I think all of the reasons you gave as to…[Read more]
I have found that when you subdivide, you can normally sell your new dwellings for near the same amount as an older dweliing on a full block. So when you subdivide, the greater the land component, the greater the value you create.
Block A is $450k and is comprised of $300k land value and $150k house value.
Block B is $400k and is…[Read more]
In answer to your questions:
1. I have taken his strategy and applied it here. There was a house I had been looking at that had passed in at mortgagee auction. It had a large yard but had a huge steel shed. I had never thought of looking at the piece of land in the way Martin does and when I returned from Adelaide I looked at the…[Read more]
I’m from Melbourne and met Martin at one of Steve’s seminars. My fiancee and I were lucky enough to go to Adelaide about 8 weeks ago and spend the day with him.
It was fantastic experience and really opened our eyes to another aspect of property investing. Martin picked us up from the airport and we spent the day in his car visiting…[Read more]
The mortgage broker I used is more than happy for me to put his name up here:
Home Trust Mortgages
w – +64 (06) 834 3142
m – +64 (021) 115 3571
e – [email protected]
Hope it all works out!
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
I was a part of Kiwi Adventure 1. I had no luck with one of the large NZ banks. They could only offer me 60%-75% LVR on some of the properties and could not offer me anything on a block of units. I was told it was because they were over exposed in certain areas. I was able to secure finance at 80% on all of my purchases through a mortgage…[Read more]