Thanks cjm for your thoughts. I will definitely be using a good solicitor to advise me and handle all legal aspects, so this should deal with most of the legal risk in selling. If I have no interest myself and I decide to try an agent I will certainly not choose based on price. I will probly even offer some sort of incentive commision to try to…[Read more]

Thanks for the reply cbellesini
I have had quite a few agents look at the house, and if I do use an agent I have a pretty good idea which one it will be. But I decided I would really like to try and sell it myself at least once in my life – so why not now?
If I have no interest after a month or two then I will certainly give an agent the chance to…[Read more]

Hi Mattb
I have recently re-done the whole budget thing, this time not as half hearted as some other times.
I have to say it took me a lot of work to get it up and running – late nights for about 3 weeks – but now that I have a system working it only takes about 10mins every 2-3days to keep up.
I actually used some software in the form of a very…[Read more]

Mate, you are an absolute legend.

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

JC007, Do you have skills or experience in the area of building? If you do and you are confident that you can do a good job cheaply, then perhaps keep pursuing some way of building yourself. If you are not very experienced I would say think really hard about if you should try to do it yourself.
Building is not an easy game. Many unexpected things…[Read more]

Rats, rodents and roadkill for ferrets. 6 weeks of of stinking possum. What a thread!!! Hooray for propertyinvesting.com!!!

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

The builders deserve a piece of the pie if they have a part in the project. The question is how big a piece. But if the pie is good, why not share it around?
Remember what Steve says, “Look for the win – win.”
Cheers.

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

Hi JC007
Please don’t quote me on anything, but here are a couple of thoughts to investigate further.
You may be able to build one of the units as an owner builder if you are prepared to live in it for at least a year. I THINK you can now get an owner builder permit once every 3 years, so maybe build one, then wait and do the other later. Not…[Read more]

Thanks again all for replies.
Good news is the smell is starting to fade.
I am wondering now if the first time they turn on the air-con system whether a big puff of possum hair will blow out one of the vents. That could really cause laughs.
By the way, heard a trick to make possums relocate. If they live in your roof, sneak next door and smear…[Read more]

Thanks all for the comments.
“Wait and see” is probably what we will do. Its already been over 2 weeks and that is what we have done so far. We might also put some sort of air freshener through the air con system before handover.
Anyway, never a shortage of problems for builders to solve.
What does McKnight say? “Problem + Solution =Profit”
I…[Read more]

The Jack Russell might work.
I havene’t talked to owner. I just work there, so it’s really up to the supervisor. The owner did visit the other day, but I did not hear if she commented on the smell. She doesn’t usually say much anyway. Just has a look around, asks a couple of questions and goes again. I think she gives all her comments to the…[Read more]

Hi Property Passion
For sound reduction:
Windows need to be double glazed – expensive but also great for insulation.
You could build solid brick walls ie. not brick veneer. – also expensive.
If you are planning a rendered look, then there is a system of putting sheets of polystyrene 70-100mm thick onto the timber frame and then rendering over top.…[Read more]

Thanks all.
I wasn’t really planning to sign such an offer, but just curious about the idea
Cheers

Hi
I would be interested in some discussion on the role of a Mentor. For people who have never seen a mentor-protoge relationship up close, what does/should it involve?
Is a mentor like a parent, teacher, private tutor, wise old sage, hollywood style martial arts master, Godfather figure?
Should a mentor be an investing partner?

It just seems to…[Read more]

So you should never buy without finance pre-approved?

Thanks for your thoughts Brenda.
Another question: I have read both of Steve’s books and would like to buy some more of his resources but am unsure what would be most valuable to get first.
Does one of his resources have example templates on the type of due diligence to do when choosing an area to invest in? For different strategies?
Cheers

Thankyou all. I (I mean my wife!!) ended up finding them at the Law Institute of Victoria. Order online at http://www.bookshop.liv.asn.au or ph (03)96079348. A pack of 5 for $15 plus $3.50 postage.
Good investing everyone.