PropertyInvesting.com | MRCCON | Activity https://www.propertyinvesting.com/members/mrccon/activity/ Activity feed for MRCCON. Sun, 12 Apr 2026 12:47:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 501210765d7537bad95464d50ea6d34b MRCCON replied to the topic Quick, cost effective Reno to manufacture equity in the forum Value Adding https://www.propertyinvesting.com/topic/4408654-quick-cost-effective-reno-to-manufacture-equity/#post-4685927 Mon, 20 May 2013 13:18:58 +0000 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.

]]> 833e5a0161bd622fc2636b5911894b23 MRCCON replied to the topic 3 unit development in Epping VIC in the forum Value Adding https://www.propertyinvesting.com/topic/4409043-3-unit-development-in-epping-vic/#post-4688833 Tue, 26 Mar 2013 02:25:59 +0000 Hi, I'd love to see the floor plans, didn't seem to work.

Also what size block are you putting them on?

Chris.

]]> ab67a9983ab38ff591a68f90fadb8246 MRCCON replied to the topic Finance rental property furniture from IO loan? in the forum Finance https://www.propertyinvesting.com/topic/4408965-finance-rental-property-furniture-from-io-loan/#post-4688334 Thu, 21 Mar 2013 00:01:28 +0000 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?

]]> 3d8d2840617097f304127781389be004 MRCCON replied to the topic Painting yourself v hiring a painter in the forum Value Adding https://www.propertyinvesting.com/topic/4408904-painting-yourself-v-hiring-a-painter/#post-4687904 Wed, 20 Mar 2013 01:53:26 +0000 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]

]]> f11183a2fe49dde4509d260a1500389c MRCCON replied to the topic Fixed price Reno & any advise. in the forum Value Adding https://www.propertyinvesting.com/topic/4408970-fixed-price-reno-any-advise/#post-4688376 Wed, 20 Mar 2013 01:38:11 +0000 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]

]]> e9f4b741c67a939b189021eb3c54f5cf MRCCON replied to the topic 30 properties before 25, finance??? in the forum Hi Richard, would love to https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/6/#post-4652638 Tue, 19 Mar 2013 11:46:19 +0000 Hi Richard, would love to read it as well.

mrc.contractors@gmail.com

]]> a8c59d371e955f0ad90a6bbdc738f00f MRCCON replied to the topic Structuring starting out. in the forum Finance https://www.propertyinvesting.com/topic/4408991-structuring-starting-out/#post-4688527 Tue, 19 Mar 2013 11:40:52 +0000 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]

]]> 3c8e34c98090f05c890bd0e7944144c4 MRCCON replied to the topic Engineer Melbourne in the forum Value Adding https://www.propertyinvesting.com/topic/4408969-engineer-melbourne/#post-4688371 Mon, 18 Mar 2013 10:06:48 +0000 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]

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