Total Members: 158,199

MRCCON

  • MRCCON replied to the topic Quick, cost effective Reno to manufacture equity in the forum Value Adding 10 years, 10 months ago

    Frankston is undesirable?

    Pretty much the worst stereotype in Australia tbh.

    Fantastic public transport, on the beach, freeways running straight into Melbourne, on the entry to the Mornington Penninsula.

    I don't think there are any $6,000,000 property's in Norlane, but there are in parts of Frankston.

  • MRCCON replied to the topic 3 unit development in Epping VIC in the forum Value Adding 11 years ago

    Hi, I'd love to see the floor plans, didn't seem to work.

    Also what size block are you putting them on?

    Chris.

  • MRCCON replied to the topic Finance rental property furniture from IO loan? in the forum Finance 11 years ago

    Terry, do you essentially get a "double deduction"? Is that possible?

    Say, draw from your line of credit to pay for new carpet.

    You claim depreciation on your carpet, as well as the extra interest on the loan?

  • MRCCON replied to the topic Painting yourself v hiring a painter in the forum Value Adding 11 years ago

    Do yourselves a favor and hire an airless spray gun from a hire ship

    Or if you are doing alot of renovations they are about $5,000.

    It will pay for itself in 1 job, I guarantee it.

    If you are replacing the carpet in rooms, all the better, if not (or its floor boards/tiles) lay drop sheets.

    Cut some builders plastic over any windows, just 2…[Read more]

  • MRCCON replied to the topic Fixed price Reno & any advise. in the forum Value Adding 11 years ago

    A builder can supply you with a fixed quote, as it's over $12k, you'll be required to sign a contract on the job, and the builder will be required to take out warranty insurance etc.

    As a builder, when I'm supplying a fixed quoted price on renovations you quote for the worst case scenario, a higher margin and often a bit of a buffer time wise, as…[Read more]

  • MRCCON replied to the topic 30 properties before 25, finance??? in the forum Hi Richard, would love to 11 years ago

    Hi Richard, would love to read it as well.

    [email protected]

  • MRCCON replied to the topic Structuring starting out. in the forum Finance 11 years ago

    Something I hadn't considered, purely because I thought it would reduce my pool to fund deposits by 20%?

    If I theoretically paid off the rest of my loan of about $181k with cash on my PPOR, refinanced to tap into the equity, wouldn't 20% of that be trapped as "lazy money" so to speak? Where if I kept it as cash, I would have an extra $30k or so…[Read more]

  • MRCCON replied to the topic Engineer Melbourne in the forum Value Adding 11 years ago

    Aloha, loadbearing or not, most residential construction is covered by the Australian Standards, these are detailed structural engineering specifications on most "common" construction spans and loads.

    If it's as simple as removing a stud wall (load bearing or not) and installing a beam to open a room up, if your builder sights a section of the…[Read more]

MRCCON

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,199

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!