PropertyInvesting.com | Pickworth | Activity https://www.propertyinvesting.com/members/pickworth/activity/ Activity feed for Pickworth. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 36f54d1f8ed616f901fe3fa228460afc Pickworth replied to the topic Our first reno project in the forum Hi Jason I have been https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/11/#post-4568661 Wed, 19 Sep 2007 09:09:55 +0000 Hi JasonI have been watching with interest for quite a while – as you know.The reno has come up a real treat and you must be pleased with your efforts.I am sure you will reap your rewards.Congratulations.' you will never go broke taking a profit '

]]> a95e71d448ab4edce729919c5cafb431 Pickworth replied to the topic sell or hold in the forum Help Needed! https://www.propertyinvesting.com/topic/4390530-sell-or-hold-6/#post-4572568 Fri, 24 Aug 2007 05:18:00 +0000 ettyThe problem I see is the costs incurred when you buy and sell – let alone all the 'agro' involved.I normally use a buy and hold strategy as properties generally double every seven to ten years.However my motto is…..'you will never go broke taking a profit' Looks like I am having a bet each way but was trying to give you some…[Read more]

]]> 3e10fc7c586ed76447ee20992ea7d388 Pickworth replied to the topic Who's Buying ? in the forum No Subject https://www.propertyinvesting.com/topic/4385774-whos-buying/page/2/#post-4549834 Tue, 02 Jan 2007 10:23:03 +0000 Just to follow up – purchased two development sites in Melbourne.

Site 1 – purchased late 05 with construction to start Feb 07

Site 2 – purchased mid 06 with planning permission just received.

Will be using a buy & hold strategy for both sites to build equity.

‘ you will never go broke taking a profit ‘

]]> c173e2ad612b3b6d0bb84a9b73e671d8 Pickworth replied to the topic Who's Buying ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385774-whos-buying/#post-4549824 Thu, 15 Jun 2006 07:12:36 +0000 G’day Redwing

Still buying development sites in Melbourne.
Bought a great site recently for a side by side development – double story.
Long term settlement so can start early on the plans etc. Have already completed
land survey and vegetation overlay.

‘ you will never go broke taking a profit ‘

]]> c8df7c2dcf7ff3da94402f9556e8997f Pickworth replied to the topic Multiplication x Division: I question this theory? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385783-multiplication-x-division-i-question-this-theory/#post-4549867 Sat, 10 Jun 2006 06:04:51 +0000 mspartal

Like I have said before the costs involved in buying and selling makes things very difficult when you want several properties.

I believe the way to get over this hurdle is to use another strategy and that is to buy, renovate and refinance therefore avoiding all the associated fees incurred when you buy and sell.

This allows you to add…[Read more]

]]> 484f4f864336de7501c43bcbde13dbb2 Pickworth replied to the topic Doubling the worth of your IP in months in the forum Creative Investing https://www.propertyinvesting.com/topic/4384647-doubling-the-worth-of-your-ip-in-months/#post-4543238 Tue, 30 May 2006 04:21:07 +0000 Dazzling

I’m back !!!

I have been a bit busy lately with sorting out tenants for my industrial properties, and doing a couple of residential developments, I haven’t had time to scratch myself – ( I like to diversify ).

Seems like you’ve missed me.

‘ you will never go broke taking a profit ‘

]]> b8b75f1d3c40f662f23e8593a7b9a68d Pickworth replied to the topic who sign's the contract in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385610-who-signs-the-contract/#post-4547931 Thu, 25 May 2006 09:16:09 +0000 Hi

We purchase in the company name as trustee for the ‘ family trust ‘.

‘ you will never go broke taking a profit ‘

]]> 8d98e1c7ee9677ef5b923979c8cabb66 Pickworth replied to the topic 25% return on total amount invested? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384973-25-return-on-total-amount-invested/#post-4544876 Tue, 11 Apr 2006 04:33:06 +0000 Hi

Helped a developer with some finance a few times and had plenty of security.

It can be risky of course but if structured carefully it can be a great little earner.

We knew the developer and have been able to help – and of course have been well compensated – up to 35%

Better than bank interest!

‘ You will never go broke taking a profit…[Read more]

]]> a9e420cce34917c395fdad03abb32989 Pickworth replied to the topic Using Buyers Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4384976-using-buyers-agents/#post-4544897 Tue, 11 Apr 2006 03:51:43 +0000 Hi

If you go to the home page click on forums and then click ‘search’

‘ You will never go broke taking a profit ‘

]]> d197bb24eaef99328564e3350a0f3dde Pickworth replied to the topic Renovation as a career in the forum No Subject https://www.propertyinvesting.com/topic/4383924-renovation-as-a-career/page/2/#post-4539406 Thu, 16 Mar 2006 03:45:58 +0000 fernfurn

Have you looked at ‘ buy, renovate and refinance ‘ as a strategy?

This would save you money on the transaction costs.

‘ You will never go broke taking a profit ‘

]]> 7ca56d7e90541c6127b40d2d7ab7018e Pickworth replied to the topic search function? in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4384234-search-function-2/#post-4540865 Thu, 09 Feb 2006 05:06:21 +0000 gavinh

Look under forums on the main page then ‘search’

Regards

‘ You will never go broke taking a profit ‘

]]> ce45bd8eb9131b07c7748f7c6f879bc4 Pickworth replied to the topic process of buying a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4383723-process-of-buying-a-property/#post-4538287 Fri, 06 Jan 2006 10:18:01 +0000 voigtstr

When signing a contract ‘subject to finance’ I would suggest that you add the phrase – ‘of the purchasers choice’.

This is a safegard for you as you may end up with finance from anyone with rates and conditions you wouldn’t like – eg vendor finance.

]]> 900b48be443620aa2b4839a7a25d29d1 Pickworth replied to the topic Damage in the contract period in the forum Help Needed! https://www.propertyinvesting.com/topic/4383507-damage-in-the-contract-period/#post-4537067 Tue, 13 Dec 2005 02:24:06 +0000 Jenwren

I’m in Vic and made another purchase recently. Once you sign a contract with your deposit you then have an interest in the property. As such it is in your interest to take out your own insurance.

Regards

‘ you will never go broke taking a profit ‘

]]> e69c4755ac3ff7049d5514f07b25b5c9 Pickworth replied to the topic Auctions: Finance approval in the forum No Subject https://www.propertyinvesting.com/topic/4383424-auctions-finance-approval/#post-4536733 Mon, 05 Dec 2005 08:30:58 +0000 Cabo Wabo

If you need finance and have approval then you are ready to go.

You do not need a valuation.

Regards

‘ You will never go broke taking a profit ‘

]]> 212d03b0c9d6d90e852723bade8b2c5b Pickworth replied to the topic What are section 32's? in the forum No Subject https://www.propertyinvesting.com/topic/4383450-what-are-section-32s/#post-4536835 Mon, 05 Dec 2005 08:17:30 +0000 thek

Try this site

http://www.lawyersrealestate.com.au/conveyancing/section.asp

Regards

‘ You will never go broke taking a profit ‘

]]> 1bc662c5832d809bf1dbc9d9683cad66 Pickworth replied to the topic Journey with Metropole in the forum No Subject https://www.propertyinvesting.com/topic/4383331-journey-with-metropole/#post-4536072 Tue, 29 Nov 2005 05:20:40 +0000 YC

I know Michael well and am currently doing a development with him. I certainly have no hesitation in recommending his services.

You can be involved in the process as much or as little as you like.

If you need any more info you can PM me.

‘ You will never go broke taking a profit ‘

]]> dc257dc3fcc267694191ec773058ecfb Pickworth replied to the topic Are YOU buying or selling in the forum No Subject https://www.propertyinvesting.com/topic/4383153-are-you-buying-or-selling/page/2/#post-4535091 Wed, 16 Nov 2005 10:53:17 +0000 Just bought and rented – pending development in twelve months

‘ You will never go broke taking a profit ‘

]]> 6b5c1a386de3e9ffbe8dd12bd6642bc5 Pickworth replied to the topic Bl**dy Banks.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4382182-bldy-banks/page/2/#post-4529264 Sun, 18 Sep 2005 05:17:04 +0000 Which bank lost me because of their costly fees and charges. When I went to close my account they asked why and after I had explained they said oh we can match that – too late.

They were more than happy to rip me off in the meantime and were now offering zero fees and charges to keep my account.

I know it’s not a big issue but it’s the culture…[Read more]

]]> d7fa28fd81d87f438c58d115642de756 Pickworth replied to the topic Commercial property vs residential in the forum Help Needed! https://www.propertyinvesting.com/topic/4382260-commercial-property-vs-residential-2/#post-4529881 Sun, 18 Sep 2005 03:38:36 +0000 Hi

It depends on your strategy – do you want growth or income ?

I need the income so they work for me as I find that any capital growth is a bonus.

They fit nicely into a balanced portfolio.

]]> b0a7b8ec43619e363d9527afc1918a61 Pickworth replied to the topic Cashflow 101 in the forum Help Needed! https://www.propertyinvesting.com/topic/4382256-cashflow-101-3/#post-4529871 Fri, 16 Sep 2005 11:02:55 +0000 PM me if you want to proceed.

‘ You will never go broke taking a profit ‘

]]> 6194656034fb6b20cbd9229281102651 Pickworth replied to the topic Cashflow 101 in the forum Help Needed! https://www.propertyinvesting.com/topic/4382256-cashflow-101-3/#post-4529869 Fri, 16 Sep 2005 10:37:06 +0000 Both games are complete and were purchased when they first came out. Original price $390. Token price only $100. The games have been great and have been a good learning tool. I would be happy to see the games being used again as we have moved on from board games and are now involved in property development.

Where are you?

‘ You will never go…[Read more]

]]> cf2f0409bf82b24597c60f7fdf0ae83b Pickworth replied to the topic Cashflow 101 in the forum Help Needed! https://www.propertyinvesting.com/topic/4382256-cashflow-101-3/#post-4529866 Fri, 16 Sep 2005 09:35:39 +0000 The games can be purchased from powwowevents.com.au

‘ You will never go broke taking a profit ‘

]]> 7789546d6906151d1f299b078631ff87 Pickworth replied to the topic Cashflow 101 in the forum Help Needed! https://www.propertyinvesting.com/topic/4382256-cashflow-101-3/#post-4529865 Fri, 16 Sep 2005 09:25:51 +0000 I have cashflow for kids and cashflow 101 – both in great condition if you still need them.

‘ You will never go broke taking a profit ‘

]]> 853da0a4d5c371ec69d138c33375b93a Pickworth replied to the topic Will polishing floor boards help my sale? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382252-will-polishing-floor-boards-help-my-sale/#post-4529807 Fri, 16 Sep 2005 04:17:35 +0000 g’day robo

I agree polished floor boards look great, modern and maintenance is easy. Down the track another ‘quick lick’ and they will be as good as new.

I am certainly putting them in my new development.

‘ You will never go broke taking a profit ‘

]]> f6ec194298b050698a17789c1fc99bfb Pickworth replied to the topic Advice/ thoughts wanted on possible business idea in the forum Help Needed! https://www.propertyinvesting.com/topic/4382253-advice-thoughts-wanted-on-possible-business-idea/#post-4529818 Fri, 16 Sep 2005 04:07:33 +0000 grossrealisation

Is there anything you don’t know or haven’t done – you are such a wealth of information. It’s great having you as part of the team.

‘ you will never go broke taking a profit ‘

]]> 0d0a30b8267fd5f03d77ee29ab0781b6 Pickworth replied to the topic Pretty proud of this one in the forum Creative Investing https://www.propertyinvesting.com/topic/4382158-pretty-proud-of-this-one/#post-4529055 Thu, 15 Sep 2005 00:57:23 +0000 mkc

I love it when a plan comes together !

Well done.

‘ You will never go broke taking a profit ‘

]]> a06611dbd2344693b41a8c71ef8cc9dc Pickworth replied to the topic $1 deposit!!! in the forum No Subject https://www.propertyinvesting.com/topic/4380629-1-deposit/page/3/#post-4519051 Fri, 19 Aug 2005 10:34:45 +0000 I have just put down 2K on a 600K property and everyone was happy.

‘You will never go broke taking a profit’

]]> 1348f0c9e4dac84ec07bb4d4c7d05a65 Pickworth replied to the topic The advantages of trusts in the forum Help Needed! https://www.propertyinvesting.com/topic/4381650-the-advantages-of-trusts/#post-4526018 Fri, 12 Aug 2005 08:22:04 +0000 mgs2

The main reason why trusts are used is to protect assests from attack.

A trust also allows you to own nothing but control everything.

‘You will never go broke taking a profit’

]]> 2d9ced4b3b26b2a205ef646555398830 Pickworth replied to the topic Attn Developers - What PROFIT margin is a goer?l in the forum Value Adding https://www.propertyinvesting.com/topic/4381646-attn-developers-what-profit-margin-is-a-goerl/#post-4525961 Fri, 12 Aug 2005 07:16:56 +0000 Giddo

With the current market conditions I would be looking at a profit margin of 15 to 20% with a buy and hold strategy. That adds up to a lot of dollars.

Better than bank interest and yes I do factor in the risk.

‘Your will never go broke taking a profit’

]]> 17bb3bb7b8fff6c9166b2c55c2380c6b Pickworth replied to the topic Building Approval Disclosure in the forum General Property https://www.propertyinvesting.com/topic/4381623-building-approval-disclosure/#post-4525814 Fri, 12 Aug 2005 00:05:39 +0000 Dazzling

Thanks for your reply. I agree with what you say – what you see is what you get. However I do believe that it is the responsibility of local council to follow up as many are illegal and do not have permits.

Years ago local councils used aerial photography to monitor such activities.

I have also recently required a permit and had quite…[Read more]

]]> 2c97c36d5f14c6f3c53ae63d617f0fa1 Pickworth replied to the topic Melbourne investor group in the forum General Property https://www.propertyinvesting.com/topic/4381512-melbourne-investor-group/#post-4525175 Fri, 05 Aug 2005 01:40:18 +0000 Property Passion

Yes and they meet monthly in Prahran – email John Baragwanath [johnbaragwanath@yahoo.com.au] for details.

(I hope John doesn’t mind me publishing his email address)

Regards

‘You will never go broke taking a profit’

]]> d96ab6f57abd5f86817f82a8a6f85823 Pickworth replied to the topic Investing In Frankston in the forum Value Adding https://www.propertyinvesting.com/topic/4378098-investing-in-frankston/page/2/#post-4502775 Tue, 10 May 2005 09:29:18 +0000 Monopoly

Hi

For your info that freeway/tollway is now called EASTLINK.

New signs going up everywhere – at great expense !

Regards

‘ You will never go broke taking a profit ‘

]]> 93ef0c256d4ca8c403973f7d95d46476 Pickworth replied to the topic The benefits of property developing in the forum No Subject https://www.propertyinvesting.com/topic/4379213-the-benefits-of-property-developing/page/2/#post-4509497 Thu, 05 May 2005 08:28:15 +0000 Resiwealth

I understand that this seminar does, in fact, have a money back guarantee……..and it’s all about your financial education.

‘ You will never go broke taking a profit ‘

]]> fb99a562ca07ed9bfa7b261150f4d98b Pickworth replied to the topic Dealing with RE agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4379152-dealing-with-re-agents/#post-4509120 Tue, 15 Mar 2005 08:45:41 +0000 Hi Gamay

I’m in Melbourne and it sure works here !

I would be asking other agents in your area – half a commission is better than nothing.

Don’t give up !

‘ You will never go broke taking a profit ‘

]]> 1bcf20eeaf7315424e445af34eb48b58 Pickworth replied to the topic Dealing with RE agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4379152-dealing-with-re-agents/#post-4509118 Tue, 15 Mar 2005 07:59:24 +0000 Hi Gamay

The answer is yes ! Like debtdogg said the first agent will have to split the commission.

I have a great agent and we do this all the time if the right property comes up with another agent.

Good luck

‘ You will never go broke taking a profit ‘

]]> 3f5640504c9922c1bcb0cd14a009f061 Pickworth replied to the topic Need to Contact kwilko! in the forum Help Needed! https://www.propertyinvesting.com/topic/4379100-need-to-contact-kwilko/#post-4508892 Fri, 11 Mar 2005 04:42:52 +0000 Use ‘ member information ‘ for contact information – top left of page – to send email or use …..

http://www.pfsfinance.com.au

‘ you will never go broke taking a profit ‘

]]> b428d6d8768e2c741326d7f67876c35d Pickworth replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/11/#post-4442419 Tue, 08 Mar 2005 07:26:05 +0000 Mulgrave VIC

‘ You will never go broke taking a profit ‘

]]> d8422888074477ebf6a70edf87a44208 Pickworth replied to the topic Tell me about retail and commercial property in the forum Help Needed! https://www.propertyinvesting.com/topic/4378670-tell-me-about-retail-and-commercial-property/#post-4506158 Tue, 15 Feb 2005 04:54:14 +0000 Dazzling

I’m with you – having success with both commercial and industrial. Great yields, capital growth and long leases……

Regards

Mr Pickworth

‘ You will never go broke taking a profit ‘

]]> 28c5eed92ba83c4fd8412273ff5bcc21 Pickworth replied to the topic Released at last! in the forum Heads Up! https://www.propertyinvesting.com/topic/4378316-released-at-last/#post-4504160 Tue, 01 Feb 2005 10:24:00 +0000 Hi Steve

Have just ‘ fired up ‘ the ‘ investment detective ‘ …..’ looking good’ …..

Regards

Mr Pickworth

‘ You will never go broke taking a profit ‘

]]> dfce69bf632b3fefc89ff33e087aef71 Pickworth replied to the topic Property Managers and Management in the forum Help Needed! https://www.propertyinvesting.com/topic/4377973-property-managers-and-management/#post-4502006 Fri, 14 Jan 2005 05:01:24 +0000 Michael.

Very useful report.

Ta !

‘ You will never go broke taking a profit’

]]> 6e681cb0a8cd0812c31d9ec88e0bb392 Pickworth replied to the topic commercial property in the forum Help Needed! https://www.propertyinvesting.com/topic/4377565-commercial-property-13/#post-4499215 Fri, 24 Dec 2004 06:00:39 +0000 Hi Rooinek

I have invested in commercial and industrial for the last ten years and have done very well – huge ‘realised’ capital gains and great cashflow.

With regard to industrial the secret is to have the ‘right size’ and a good PM. I tend to favor 300-350 sq.m.

However I am finding suitable properties harder to find now as a lot more are…[Read more]

]]> d36d94a81d9a260b733f0c6f676d4cf9 Pickworth replied to the topic How can people live???!! in the forum General Property https://www.propertyinvesting.com/topic/4377061-how-can-people-live/#post-4495983 Fri, 19 Nov 2004 10:40:29 +0000 Hi

I have to agree with Richmond – it really boils down to not what you earn but what you spend’.

Your first step is to get your consumer debt under control.

Regards

‘ You will never go broke taking a profit ‘

]]> 816fca82042a3a6cf9a2526566cff95d Pickworth replied to the topic Purchasing 'off the plan' in the forum Help Needed! https://www.propertyinvesting.com/topic/4377011-purchasing-off-the-plan/#post-4495585 Mon, 15 Nov 2004 07:57:26 +0000 Hi Jenny

Thanks for your reply, I do appreciate it – zoned industrial 1

cya

‘ you will never go broke taking a profit ‘

]]> ed7da688ce59120bc0d5eda243a47c2c Pickworth replied to the topic Purchasing 'off the plan' in the forum Help Needed! https://www.propertyinvesting.com/topic/4377011-purchasing-off-the-plan/#post-4495583 Mon, 15 Nov 2004 06:27:04 +0000 Thanks Yack

Nothing is ever guaranteed re tenancy however the property is in a prime location & I have other cashflow +ve investments to cover any shortfall.

Sometimes you need to speculate to accumulate.

Thanks again for your reply.

‘ You will never go broke taking a profit ‘

]]> 0e7482106cd055a75238f705386e98d4 Pickworth replied to the topic Commercial Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4376725-commercial-property-12/#post-4494229 Fri, 05 Nov 2004 08:54:13 +0000 Hi Markk

I have some industrial properties in the south eastern suburbs of Melbourne. The most recent valuation revealed capital growth of 25% over 3 years. I am investing for passive income so that is a great little bonus – better than bank interest !!

Just for your interest I have recently sold a commercial property in a shopping strip for a…[Read more]

]]> 00da4f1de6043a2e89230cc050cc83f3 Pickworth replied to the topic Commercial Property in the forum No Subject https://www.propertyinvesting.com/topic/4376725-commercial-property-12/#post-4494227 Fri, 05 Nov 2004 03:24:30 +0000 Hi

Don’t forget industrial properties. I am receiving great yields and capital growth. The tenants pay all outgoings and because they run their business from the property it is in their own interest to look after the premises.

Regards

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