[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

June 25, 2015 - 1:17 pm

Hi Director2441,

I messaged you a couple of days ago regarding the purchase of the system and I haven’t head anything back. Can you please confirm you definitely want it? Otherwise, I will make it available for anyone else who wants it.

Thanks.

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

June 23, 2015 - 9:50 pm

Will message you Director2441.

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

June 22, 2015 - 5:43 pm

Hey Everyone,

I also have a copy of The Complete Renovation System if anyone is still looking for one? Selling for $750.

Cheers,
Miranda

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

January 30, 2014 - 3:59 am

Thanks for your advice Jamie.

What you have said is the only reason why we haven't put it up for sale.

The thing I keep thinking is that its a small country town and whatever research I do seems to point out that it will be a while before any growth happens.

It was our first IP and reno job so it was great experience but we are wondering if we sold and bought in Melbourne we might be able to get the growth a bit quicker.

Plus, we are renting and the idea of living in a home we own (even whilst renovating) is very appealing.

Our goals have kind of changed too, we are wanting to live in, renovate and preferably sell and repeat to build up some cash.

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

October 9, 2012 - 10:23 pm

Thanks for all the comments and tips everyone.

I think we will tile. My husband is pretty handy with all this kind of stuff but tiling is one thing he has concerns about doing himself. I've had a look at how much it costs to get a tiler to do it but it is very expensive and the few I called arent available until NEXT YEAR!

Does anyone have any tips on how to lay tiles correctly – we've watched a couple of you tube videos and I think we can do it easy enough – its just getting it all straight.

James, the carcass is a bit worn and torn and would definitely stand out as old when you open the cupboard doors. I think for the cost of putting in a new bunnings (or similar) kitchen at about $3000 it might be worth it?

Kerryn, do you mind me asking what area your property was in?

Thanks again.

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

August 1, 2011 - 5:41 am

Thanks for all your advice everyone, I appreciate it.

Does anyone know of any regional areas that might worth looking at? I've looked at purchasing Terry Ryder's hot spot reports and so on but I'm not sure if that's the right avenue to look at.

So ultimately, we are looking at buying a property to renovate, add value, put tenants in it and then hopefully be able to use equity gains to go again.

JacM – we have a fair bit of annual leave that we can use to get the renovation done. I have read about how to calculate your profit from a renovation by adding your purchasing costs, holding costs and so on before determining your profit – do you know of anyone/company etc that maybe sells spreadsheets or something similar to help work it all out quicker before the purchase?

Thanks for your input tvproperty, sounds like you are doing exactly what we want to do. Do you mind me asking what areas you look at? Do you live regionally and are you close to your projects? Do you do a lot of the work yourself or do you project manage most of it?

Thats a good point you make Scott No Mates, I suppose if we aren't looking to sell until the long term it shouldnt matter too much should it?

[DreamingBigParticipant@dreamingbigJoin Date: 2011Post Count: 12]

July 29, 2011 - 3:08 am

We are planning on doing most of the work ourselves but we were going to take a month of work and stay down there to complete the job. We have family close by so we wouldnt have to stay in the property whilst its being renovated either.

I have had a look at prices for before and after in the areas we are looking at and I've spoken to a few agents to see what the actual selling prices have been. We arent sure if we are going to sell it straight away or lease it out and try and have a cash flow positive property.  Is it correct that you only pay 50% CGT if you own the property for over a year but don't live in it?