PropertyInvesting.com | pinkboy | Activity https://www.propertyinvesting.com/members/pinkboy/activity/ Activity feed for pinkboy. Sun, 12 Apr 2026 06:09:29 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9c86fe7a889caae422e3f6b9e083354f pinkboy replied to the topic Rendering in Canberra in the forum Value Adding https://www.propertyinvesting.com/topic/4404875-rendering-in-canberra/#post-4656839 Tue, 04 Oct 2011 11:59:46 +0000 Coloured render is tricky to get the right colour from a small sample (pretty much like trying to choose a whole house colour from a 2" square card from bunnings).  Going down the base/intermediate/topcoat paint option is safer, and the colour is much closer to what you choose.  Also be mindful that amature persons spraypainting could be d…[Read more]

]]> 5620d0305eb31b1c17c5d6fff46189e4 pinkboy replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum camjanice wrote:Thanks https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/9/#post-4652149 Tue, 13 Sep 2011 12:09:13 +0000 camjanice wrote:
Thanks Pinkboy.  I bought in Plantation Palms, happy with this purchase too with all the new development – schook, and shops in the vicinity.  Thanks for your info on Mirani and Marian.  Will pass this onto my friend.  (and wish I had more $$ to spend up on investing but have to wait!).

I think PP will do quite well in com…[Read more]

]]> 2b8eeb79afa2fb06c49980c61ab20f8b pinkboy replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum camjanice wrote:Pinkboy, I https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/9/#post-4652147 Mon, 12 Sep 2011 10:39:43 +0000 camjanice wrote:
Pinkboy, I would be interested to see what areas of Mackay you recommend, being a local.  I have a friend buying a house and land package in Mirani.  I was thinking it is a bit far out of town but maybe it is closer to the mines?  What are your thoughts?  Cheers, Janice

Hi JanicePersonally I think Mirani is just a wee bit too…[Read more]

]]> 6a2be3ea5a3a55c219d7ad2f0dc8fb42 pinkboy replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/8/#post-4652144 Sun, 11 Sep 2011 11:11:04 +0000 Portfolio PI wrote:
Hi All, for those following my regional research here is some information for Mackay on the blog. http://ppiqldtour.blogspot.com/2011/09/mackay-central-qld.html Thanks for following!

I live in Mackay and knew about 80% of all the projects you listed.  Some are a little outdated and some a definate NO GO, but I think you…[Read more]

]]> 50be1023f12555c6e92238bb05057531 pinkboy replied to the topic Collinsville QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/4404640-collinsville-qld/#post-4655294 Thu, 08 Sep 2011 11:03:42 +0000 engelo10 wrote:
I think the reason is because the mines arnt as developed yet in Collinsville, its pretty close to the water tho(well compared with the other mining towns). Supposedly they call it the RITZ of mining towns cause of its proximity to the ocean hahaha. I remember seeing it come up in the residex best rent property report last year.…[Read more]

]]> ff1f1abf2015fc58213fd32b0c31944b pinkboy replied to the topic Mackay, QLD or Singleton, NSW? 60K to invest! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404350-mackay-qld-or-singleton-nsw-60k-to-invest/#post-4653191 Tue, 02 Aug 2011 13:04:42 +0000 dcwwood wrote:
I'm definitely leaning towards Mackay, its a real muscle town offering so much more that just coal-seam gas projects. Pinkboy, the estates I'm looking at are Plantation Palms, Avalon and Mountain View. Do you have a preference – based on location to CBD, surroundings, costs, potential for growth etc? Will most likely be doing a H…[Read more]

]]> a7f5662b738a79a9b74bcda6c63292ca pinkboy replied to the topic Mackay, QLD or Singleton, NSW? 60K to invest! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404350-mackay-qld-or-singleton-nsw-60k-to-invest/#post-4653187 Mon, 01 Aug 2011 11:37:26 +0000 Where in Mackay were you looking to invest – suburb, estate???Which builder were you looking to build property with?Looking at house+land, or buying land then choosing builder?Fully furnished?  I live in Mackay, and I can help you a little should you need any questions answered , or I could point you in the right (generally right) direction.pinkboy

]]> 57e4444c36ac290d61bf1964453dd429 pinkboy replied to the topic Spotter fees - how can I put myself in front of potential clients? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404218-spotter-fees-how-can-i-put-myself-in-front-of-potential-clients/#post-4651768 Sun, 17 Jul 2011 07:38:01 +0000 csydney wrote:
Has anybody got some useful suggestions?

1. Get a job(s).  You will need deposit, plus expenses2. Learn the property game (joining here is a good start). Books, internet, possibly seminars dependant on situation are readily available.3. 1+2= Get youself into the game by contacting a Mortgage Broker (those that are on here are…[Read more]

]]> 42be74725ffcd620db8ba51f82ce101c pinkboy replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651603 Thu, 14 Jul 2011 03:16:38 +0000 Sounds like no exit strategy for any member of the venture was put in place before entering in the agreement together.  I havent got any specific advise for this scenario, but there will be (financial and emotional) lessons learned on this that is for sure.  It sounds weird, but exit strategy should be the first thing to consider when making mo…[Read more]

]]> b006dc0af9be2e0410793d4dad43930c pinkboy replied to the topic Property with 9 bedrooms in the forum Help Needed! https://www.propertyinvesting.com/topic/4404072-property-with-9-bedrooms/#post-4650791 Wed, 06 Jul 2011 09:39:30 +0000 cheng wrote:
When I told these issues to the agent, he mentions that he is selling the house not a boarding house amd I should understand the value of this IP that he is offering. The other 5 potential buyers do not concern with this issue at all. I am not what he implied on this.Is there any other way to avoind these issues?

Cha ch…[Read more]

]]> d52b7aba0282ca76126ac02a8ae1189a pinkboy replied to the topic claim depreciation of more than a year in a single year tax return in the forum Help Needed! https://www.propertyinvesting.com/topic/4404068-claim-depreciation-of-more-than-a-year-in-a-single-year-tax-return/#post-4650763 Wed, 29 Jun 2011 11:20:04 +0000 Red Flag.Imagine it…..claiming 40 years capital allowance depreciation on a brand new build straight up first year, then selling up because your circumstances with said property have changed, and probably because something has turned south, with no ability to repay what you have already depreciated.  Unfortunately no-one has a crystal ball to…[Read more]

]]> 8dc0804ee78217b02000668bc519fd39 pinkboy replied to the topic Duty changes QLD - Opinions in the forum General Property https://www.propertyinvesting.com/topic/4403950-duty-changes-qld-opinions/#post-4649967 Wed, 29 Jun 2011 10:55:05 +0000 gomez109 wrote:
So, if you wanted to make a bit of money from this, couldn't you buy a large block of land now (under the old stamp duty rates) and then commence building 3 townhouses for investment purposes on the land after 1st August, you could claim this 3 times, couldn't you?(Of course, it does need to make sense in its own right, but given…[Read more]

]]> 5bb0c8059d7b77dbac558947e0b2c67d pinkboy replied to the topic Alternative lenders when banks say no??? in the forum X + Y = Z Deposit + https://www.propertyinvesting.com/topic/4404041-alternative-lenders-when-banks-say-no/#post-4650604 Sat, 25 Jun 2011 04:28:53 +0000 X + Y = ZDeposit + Servicability = LoanCan you cash in any assets or bring money into Australia to purchase PPOR outright?pinkboy

]]> f1ab3611c11c51ab946eef34906bb2eb pinkboy replied to the topic Cost of Rendering Small 3 bedroom home in the forum Value Adding https://www.propertyinvesting.com/topic/4403987-cost-of-rendering-small-3-bedroom-home/#post-4650144 Wed, 22 Jun 2011 22:49:58 +0000 $6k-8k

]]> e2ef362bd96d9775716a13ee26c538a2 pinkboy replied to the topic Any one with a Small Bussiness!!! in the forum I run a business where the https://www.propertyinvesting.com/topic/4403862-any-one-with-a-small-bussiness/#post-4649338 Tue, 07 Jun 2011 11:00:21 +0000 I run a business where the general terms of all my suppliers are 30 days EOM and my clients basically stipulate thier own terms upon you which are 90 days EOM.  We are always forecasting work/payments etc 3 months in advance, so at the moment June/July are long gone, and we are looking well into August already!I cant speak for retail as we are in…[Read more]

]]> bccedbe071dd24b60ef2417f90b737e2 pinkboy replied to the topic Obtaining Finance For A Business? in the forum Finance https://www.propertyinvesting.com/topic/4403711-obtaining-finance-for-a-business/#post-4648407 Tue, 07 Jun 2011 10:35:43 +0000 Sash wrote:
Paul – Thanks for the insight mate, I briefly thought of that as a concept but thought it would be rare to come by.Shape – Cheers for the feedback regarding banks perception on income generated to business towards the loan repayments. After further research it still seems that the biggest hurdle will be a deposit. What is the highest…[Read more]

]]> d313b23d852ec5f270ffdaa6d49af1f3 pinkboy replied to the topic Asbestos in the forum Help Needed! https://www.propertyinvesting.com/topic/4403765-asbestos-2/#post-4648732 Sun, 29 May 2011 03:05:58 +0000 Would be very minimal exposure at best, I wouldnt worry too much about it!pinkboy

]]> 987ff672f297738dc555991460a0dbe3 pinkboy replied to the topic 14 days before settlement, can buyer be present during repair of property's carport ? allowed or trespassing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403562-14-days-before-settlement-can-buyer-be-present-during-repair-of-propertys-carport-allowed-or-trespassing/#post-4647275 Thu, 05 May 2011 23:04:00 +0000 I would at least obtain permission in writing, from whatever source (solicitor, vendor, agent).  Just getting 'the nod' might open a can of worms for your sale should the vendor get nasty about you picking up further defects etc in the repaired area.pinkboy

]]> 841334b835248e55997858dd1bcfa397 pinkboy replied to the topic How to avoid a kick in the teeth in the forum Help Needed! https://www.propertyinvesting.com/topic/4403533-how-to-avoid-a-kick-in-the-teeth/#post-4647081 Tue, 03 May 2011 09:47:29 +0000 Take a hammer to the pots!!! 1. It will make you feel good; 2. When they come around to collect, you can claim ‘they broke’!

;-)

pinkboy

]]> 103f3db87bc4322a111308290e4833d5 pinkboy replied to the topic Bunnings Credit Card $10000 Purchase Limit in the forum Creative Investing https://www.propertyinvesting.com/topic/4401500-bunnings-credit-card-10000-purchase-limit/#post-4634035 Sat, 23 Apr 2011 03:16:39 +0000 thecrest wrote:
After Bunnings bought out the main local hardware concern in a central west NSW country town last year, the application form for credit required the applicant to agree to using their real estate as security for default.Read the application form very carefully.Cheersthecrest 

I read this in my application for credit at Bu…[Read more]

]]> b3c7b38d95b06ff25f29c4262ea6657c pinkboy replied to the topic API Magazine article in the forum Do they contact you to be in https://www.propertyinvesting.com/topic/4403345-api-magazine-article/#post-4645837 Sat, 16 Apr 2011 05:29:12 +0000 Do they contact you to be in thier magazine?pinkboy

]]> 086d5250dd136fa384e2b1f052596cc7 pinkboy replied to the topic Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4401933-mining-towns-6/#post-4636509 Mon, 11 Apr 2011 13:03:25 +0000 jasonfonseca wrote:
Pinkboy, Could've hedged your spending in MAC camps by buying shares in the company. The share price performed fantastically in the 24 months leading up to their takeover. Could've made all your money back and more. Just a thought. ;) Jase

Currently charging the mines Accommodation at cost+15%, so I feel that is a reasonable…[Read more]

]]> 8929bad2f2cc41ebb82fcaa27df51b41 pinkboy replied to the topic Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4401933-mining-towns-6/#post-4636507 Mon, 11 Apr 2011 12:48:16 +0000 Ahhh, good ol' MAC camp accommodations!  I reckon I have paid off 20 odd rooms, and a couple of ablution blocks, possibly the mess and probably the laundry as well for them.  The newer camps are quite good, the older camps….well lets just say I am glad to be in my own bed tonight!pinkboy

]]> 262813f2555cfd45dff90623b3b32a56 pinkboy replied to the topic self employed and having trouble getting loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4403279-self-employed-and-having-trouble-getting-loan/#post-4645392 Sun, 10 Apr 2011 06:29:49 +0000 Jake H wrote:
ive worked for the same builder all through my apprentichip and in july i turn tradesmen and ill be contracting to the same builder. However there is an 80/20 rule that applies and i have to contract to another company 20% of my time. Although im guaranteed work every day the banks still regard me as self employed. i have enough…[Read more]

]]> 7b466fbc2f8b0565c6841759c3eb993e pinkboy replied to the topic Stamp duty Concessions in the forum Help Needed! https://www.propertyinvesting.com/topic/4403195-stamp-duty-concessions/#post-4644536 Wed, 30 Mar 2011 00:41:23 +0000 mucyx2007 wrote:
Thanks, MartyI will make sure they know about this, as long as they don't over do it…Cheers

Your post has now been publicly recorded as you being an accessory to the crime now, if you advise them to do it, but make it less obvious.If three cars go through a stop sign, the first at 2km/hr, the second at 20km/hr and the third…[Read more]

]]> ee13d39567beb5dc458f2ab8862e16f8 pinkboy replied to the topic Math Formula Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4402966-math-formula-needed/#post-4643185 Fri, 04 Mar 2011 03:40:31 +0000 Im no expert.I would think that stamp duty being only a one-off payment and then taken off your gross CGT figure when you go to sell, it wouldnt be included in a net yield calculation.  However, it could have a bearing if you were calculating to a controlled timeframe (say 5 yrs), which you could add into the 'annual expenses' divided by the…[Read more]

]]> 0816b669ca5357cb64049a7e05d6eaf4 pinkboy replied to the topic Math Formula Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4402966-math-formula-needed/#post-4643182 Fri, 04 Mar 2011 02:09:56 +0000 [{(rent x 52) – (all annual expenses) / purchase price] x 100.

Example:

[{($300 x 52) – ($4000)} / $300,000] x 100

[{$15600 – $4000} / $300,000] x 100

[$11600 / $300,000] x 100

= 3.87% net.

Happy to be corrected.

pinkboy

]]> eada71cd26f10fbf397654dba09f0dc1 pinkboy replied to the topic sea views with house $100k in the forum Help Needed! https://www.propertyinvesting.com/topic/4402903-sea-views-with-house-100k/#post-4642796 Thu, 03 Mar 2011 06:54:53 +0000 Having done the Ironman in Forster/Tuncurry, I can vouch it is a very nice area, close to nice beaches etc. I guess it would be a little bit of a sleepy town, with a lot of retirees in the area. I know nothing of it’s RE there, haven’t been there since the last IM there in 2005.

You would be hard pressed to even find land in Qld for $100k near…[Read more]

]]> 1e4bd06fd25da74862ad6b57a75d36b6 pinkboy replied to the topic Thailand Holiday - Whoopee or Not in the forum If it sounds too good to be https://www.propertyinvesting.com/topic/4402946-thailand-holiday-whoopee-or-not/#post-4643050 Wed, 02 Mar 2011 06:48:36 +0000 If it sounds too good to be true…

]]> 7a8738a66b7f5118df36404688ee1dec pinkboy replied to the topic Lenders Mortgage Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4402854-lenders-mortgage-insurance-2/#post-4642408 Mon, 21 Feb 2011 07:14:11 +0000 http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/1/4/1/1

Not sure if this link works from my iPhone, but on the NAB website, do a search for the buying costs calculator. It works out LMI based on the amount you punch in. I wouldn’t say it’s gospel, but good for doing close estimation of purchasing costs.

pinkboy

]]> 52d2294820d8da7ebe022a01d84c58c1 pinkboy replied to the topic So what rate interest rate are you getting in the forum Help Needed! https://www.propertyinvesting.com/topic/4402806-so-what-rate-interest-rate-are-you-getting/#post-4642010 Wed, 16 Feb 2011 07:26:04 +0000 My current rates vary from 7.16% to 7.36% at the Bank Of Qld. I’m not phased by rates, I know I can do heaps better, but my time vs saving works out to probably a little lower. I have an excellent relationship with our bank manager (wifes best friend, also our daughters are best friends in the same class at school), whom I can call/email at…[Read more]

]]> 419056fb2d7b941999b8c24dedd3cf02 pinkboy replied to the topic Ideas for Investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4402785-ideas-for-investment/#post-4641874 Wed, 16 Feb 2011 07:13:10 +0000 Mackay Regional Council has just released it’s estimates for the region, expecting to double population by 2030. Apparently we need 1200 new homes built per year to keep up with demand. With promising news like this, at least 1 investment in Mackay you won’t go too wrong. 1 minor setback maybe that you can expect some of the most horrendous rates…[Read more]

]]> 7ba39f1dc532a8464373a8dfa69bd997 pinkboy replied to the topic New business idea in the forum General Property https://www.propertyinvesting.com/topic/4401952-new-business-idea/#post-4636664 Sun, 12 Dec 2010 02:56:38 +0000 14281239 wrote:
I will gain my real estate license at university, there are two units I need to complete that automatically grant a real estate license so that will be no problem, do you think any other licenses would apply? And what would be a good way to start the business? My problem is my age, who takes a 20 yr old seriously in business! I…[Read more]

]]> f094733fc41ee9c66cc3073638100f24 pinkboy replied to the topic previous sales price data site? in the forum General Property https://www.propertyinvesting.com/topic/4400881-previous-sales-price-data-site/#post-4629901 Thu, 02 Sep 2010 23:45:38 +0000 The website is slightly flawed.  I searched our current block we are building on and it is still listed for sale $79k more than we bought it for.  We purchased in Aug '09.  It also has a $600k improvement on the block, so I dont like anyones chances at picking up the address at its advertised price!!!

]]> 4610799ba4bf894ed230f8699c8b68ef pinkboy replied to the topic Wire rendered house in the forum Help Needed! https://www.propertyinvesting.com/topic/4400723-wire-rendered-house/#post-4629078 Sun, 01 Aug 2010 10:44:40 +0000 Blueboard can be rendered, pretty common for the upper level of homes made of soft construction.

]]> f0146c39681c1f5cb1e3338363164f52 pinkboy replied to the topic Deleted in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400371-deleted/#post-4627002 Sun, 27 Jun 2010 11:01:19 +0000 not_so_lucky wrote:
The installer will still provide me with a receipt, it will just state that I paid him $7,500, but it will not state that I paid gst (if I choose to go down this path). Also, I have already paid a large sum of money to the installer (and paid gst).

So you are going to pay someone in $7500 physical cash?  Because if you pay…[Read more]

]]> 44917ac5f453dcb118e15ee52c3ad0f8 pinkboy replied to the topic Deleted in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400371-deleted/#post-4626996 Sat, 26 Jun 2010 11:29:23 +0000 I would keep in mind that for the sake of $750, not having any proof of purchase if a. a warrenty claim is required or b. an injury was sustained whilst working on the job or c. an accident happend from a structural shortfall etc, then I suggest you look at your situation a little closer.You then relieve the installer of any liability and assume…[Read more]

]]> 746c1245b7bab6ddba86cbe01dfa5b36 pinkboy replied to the topic First time IP in Mackay area in the forum Help Needed! https://www.propertyinvesting.com/topic/4400102-first-time-ip-in-mackay-area/#post-4625347 Wed, 02 Jun 2010 10:45:58 +0000 I live in Mackay, which development/builder?

]]> 4eddc157e324fc48e7829f9c0bc828ba pinkboy replied to the topic pretty excited :D in the forum General Property https://www.propertyinvesting.com/topic/4399979-pretty-excited-d/#post-4624680 Sun, 23 May 2010 06:30:50 +0000 Is this your house in Mackay?

]]> efe5c5838a2c36ecc93f8892e17df7ea pinkboy replied to the topic Property Investing in Mackay, QLD in the forum General Property https://www.propertyinvesting.com/topic/4399915-property-investing-in-mackay-qld/#post-4624429 Mon, 17 May 2010 09:54:39 +0000 I had the guy from Vanalay Constructions in my house, showing him plans etc for our home we are building, but we went with my uncle to build for the ability to help us out a little to get instant equity, so I can purchase a few more IP's.  I have been in a Vandalay Construction home, and it was very well finished off.   Solid choice.I have a pr…[Read more]

]]> 15a59d0864c52cb873da87155a598afa pinkboy replied to the topic Property Investing in Mackay, QLD in the forum General Property https://www.propertyinvesting.com/topic/4399915-property-investing-in-mackay-qld/#post-4624426 Mon, 17 May 2010 09:25:41 +0000 My wife and I looked at Plantation Palms, but it wasnt for us – but it is high on our list of potential IP places in Mackay.  There is a good mix of land sizes, close to schools and some shops, parks, 5 mins drive to beach, and about 10-15 mins to city.Cuttersfield, Ooralea would be a good place to start, though you will be staring down a $600k…[Read more]

]]> e90bf0726bac05edc5d0cc939c030f47 pinkboy replied to the topic Property Investing in Mackay, QLD in the forum I live in Mackay, have 3 https://www.propertyinvesting.com/topic/4399915-property-investing-in-mackay-qld/#post-4624424 Mon, 17 May 2010 08:39:24 +0000 I live in Mackay, have 3 properties here, plus also currently building our new PPOR.I have a look at the property guides/windows, and ring an agent probably once a month if I see something that catches my eye, but at the moment, many properties are still seeking inflated prices.  Capital growth over the next 5 years looks promising at the moment…[Read more]

]]> 062fe2d8f805ad0d60491d5721fc638d pinkboy replied to the topic building a personal home in the forum We are currently building https://www.propertyinvesting.com/topic/4399893-building-a-personal-home/#post-4624270 Fri, 14 May 2010 07:54:58 +0000 We are currently building our new house.  Slab finished this morning, so payment #2 will come out Monday.  Exciting times.  Still 6 months to go before expected completion, so we have some time to pick and choose colours, tiles, kitchen etc, but my wife is getting in early looking for cheaper deals for fitments etc with the end of financial ye…[Read more]

]]> abed85cad525bf6065c492c97e0d3aae pinkboy replied to the topic Can this really be Done??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399838-can-this-really-be-done/#post-4623954 Tue, 11 May 2010 11:16:46 +0000 I own and manage a protective coatings business.  Our bread and butter work is abrasive blasting and painting, but we also work in a couple of niche areas like industrial tiling, polyurethane spraying (Rhino Linings Industrial Dealer), scaffolding, epoxy flooring, and other protective coatings, plus we do small amounts of fitting and…[Read more]

]]> 1b5edbb575a46d2dc870053d7eb1476e pinkboy replied to the topic Can this really be Done??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399838-can-this-really-be-done/#post-4623946 Mon, 10 May 2010 11:04:42 +0000 Working for yourself is extremely rewarding.  My wife and I are your age, though we have run our own buisness for the past 4 years.  I started completly from scratch and had to work from the ground up.  I wouldnt say we are on cloud 9, but probably at cruising altitude.  I would suggest though having something to fall back on, or gradually wor…[Read more]

]]> 0b81daa709a47980021058c7b4cb5327 pinkboy replied to the topic Need help with estimating prices URGENT in the forum Value Adding https://www.propertyinvesting.com/topic/4399816-need-help-with-estimating-prices-urgent/#post-4623756 Sat, 08 May 2010 00:20:09 +0000 If I read this right?You are going to try and renovate a property that you have bought for 30% under unimproved value of the land determined by council?  And spend $70k+ on renovations, plus 1 week labour from yourself (50hrs x $50/hr = $2500), plus 10-20% contingency = $100k?You would be better off levering off the equity already from the land…[Read more]

]]> fd1310a33b7c5a0b22ffae7c20af7ea8 pinkboy replied to the topic How do I know if this is a good investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399575-how-do-i-know-if-this-is-a-good-investment/#post-4622455 Tue, 04 May 2010 09:40:29 +0000 These 'developers' always have thier ways to sucker people into thier web.  The way they are able to offer the last property in a stage has some very clever science behind it;Scenario:  You get the opportunity to purchase the last property in the stage.  What is so good about this property?  They tell you it is a bargain, as the next stage on off…[Read more]

]]> 048d4a4cf7b7e087a53efce4b9a09665 pinkboy replied to the topic How do I know if this is a good investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399575-how-do-i-know-if-this-is-a-good-investment/#post-4622452 Mon, 03 May 2010 12:08:46 +0000 I know the exact company you are talking about.  I went to thier 'seminar' in my hometown.  Shifty mob.  They invited me for a private consultation with thier 'finance guru' and showed me around all thier properties.  I went only for a bit of fun and some time out from my business.  I say they are shifty as when they were punching in my numb…[Read more]

]]> 3977a71840c882ba0424787881d4f1b2 pinkboy replied to the topic Mackay mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4399562-mackay-mentor/#post-4622384 Sun, 25 Apr 2010 11:08:01 +0000 I am in Mackay.  Where did you buy?

]]>