PropertyInvesting.com | Reno101 | Activity

Reno101 replied to the topic Advice on investment land loss in the forum Help Needed!

Sat, 14 Jun 2014 08:55:38 +0000

Yep ,just vacant land ,don’t wont to wait another 4-7 years for it to turn around .

Reno101 started the topic Advice on investment land loss in the forum Help Needed!

Sat, 14 Jun 2014 05:54:31 +0000

Hi forum members, we are selling our land that we have held for 7 years because it did not perform as we thought it should have done by now .My question is are we able to claim back all our losses of bank expenses ( interest ,set up costs,yearly mortgage fees ) council rates / water rates, solicitor fees etc, this was set up on an interest only…[Read more]

Reno101 replied to the topic LIFE INSURANCE AND INCOME PROTECTION !! in the forum Help Needed!

Sat, 11 Jan 2014 07:13:51 +0000

Freckle it must be in your DNA – good genes LOL

Reno101 replied to the topic Property in Australia in still VERY cheap in the forum General Property

Wed, 08 Jan 2014 07:47:58 +0000

So true , it comes down to supply and demand , oh and a bit of waiting , or some cosmetic work to enhance the end price ! They ain't making anymore land – it's already there , just use it to maximise the best result .

Reno101 replied to the topic Renovating - how to get a good team in the forum Value Adding

Sat, 07 Dec 2013 20:45:20 +0000

Hi Miccalady , it may take time but word of mouth to Create a good tradie team works very well 1 good tradesman can connect you his contacts , and a stash of cash helps to float a project and keep you on the Reno instead of doing the job to maintain the project , good luck .

Reno101 replied to the topic Poll: DIY vs Tradies in the forum Value Adding

Sun, 01 Dec 2013 07:34:24 +0000

Hi Tom even just doing basic labour work you can save big dollars yourself , I myself jump right in like catalyst ,( but I do have the lic and exp to do it ) some things you are better paying the tradie and going to work , then you get a good quick job done right , nothing worse than having to redo work – yuck ! Good luck

Reno101 replied to the topic long term property optioins in the forum Creative Investing

Mon, 25 Nov 2013 09:39:47 +0000

Never heard of them either ,that's a different option scenario ?

Reno101 replied to the topic It's possible to Buy house for a DOLLAR? in the forum I agree with Josh , property

Thu, 31 Oct 2013 10:41:03 +0000

I agree with Josh , property deals can be done using very little money within a specified timeframe using an option ,but as a novice trying to enter this agreement you could come unstuck because of not knowing how this process works .Read more books on the subject and if still keen I suggest you find a mentor / coach to walk you through this…[Read more]

Reno101 replied to the topic realestate sales in the forum Help Needed!

Mon, 23 Sep 2013 10:38:33 +0000

Hi Noel ,yes I do specialise in renos (hence my reno101 name ) I buy Reno and flip them , but I never just jump in , every Reno I do my numbers before I purchase them , it's about maximum profit ,what regional area are you looking at to doing a Reno ? , shot me an email , renovations101@yahoo.com.au , Greg

Reno101 replied to the topic realestate sales in the forum Help Needed!

Sun, 22 Sep 2013 11:47:12 +0000

Hi Noel take into account it would be a slow start at first because you have to obtain your own listings which gives you sales, if you have got commitments towards your investments I would be very weary about stepping out to a new venture if you need that cash flow each week , I also have been told I would do really well in real estate sales , but…[Read more]

Reno101 replied to the topic realestate sales in the forum Help Needed!

Sun, 22 Sep 2013 06:15:24 +0000

Hi NBARN, welcome to the forum ,a few things to consider , as a novice entering into becoming an agent , most agents are paid on commission only ,and others on a small wage with a bonus attached .Seasoned agents have a big list of clients and find it easy to draw in the buyers on new listings they acquire ,and after a few years they get known…[Read more]

Reno101 replied to the topic Land Titles Office Charge in the forum Help Needed!

Wed, 18 Sep 2013 10:10:22 +0000

Yep the Government fees and charges usually catch people out , Death and Taxes you know what they say about that , it does suck though !

Reno101 replied to the topic Kansas City/Engelo Rumora :) in the forum Overseas Deals

Wed, 14 Aug 2013 11:31:59 +0000

Welcome back glad to hear your victory stories and advice ,cheers Greg

Reno101 replied to the topic BEST STYLE ELECTRIC COOK TOP FOR RENTAL - COIL, SOLID ELEMENT, OR CERAMIC GLASS??? in the forum General Property

Wed, 14 Aug 2013 10:49:00 +0000

Hi Mistro , I would go the ceramic glass top also , coils break and more to maintain in the long run , hope this helps ,Greg

Reno101 replied to the topic Investment Properties in QLD through Put and Call Option in the forum Creative Investing

Wed, 14 Aug 2013 08:34:40 +0000

Well done DCT , and yes agree the stamp duty is paid by the end buyer because you hold the option and are selling the deal to another party , and a caveat also covers yourself during the process, I did an option on a property which involved doing a renovation and organised the sale to the end buyer ,I was the option holder with a caveat in place…[Read more]

Reno101 replied to the topic Any thoughts about investing in Chinchilla or Miles? in the forum Help Needed!

Fri, 09 Aug 2013 09:24:47 +0000

Hi Mandy , I have worked in the area from Miles to Gladstone in the CSG industry ,and the workforce is seasonal as the projects are constantly on the move , so workers are always on the move , that would make it a big risk trying to lock in tenants .Currently a 1000 man camp is being built in miles to house workers for future projects another…[Read more]

Reno101 replied to the topic Buying our first property but unsatisfactory building inspection. Please Help ! in the forum Help Needed!

Mon, 29 Jul 2013 09:46:16 +0000

Hi , it sounds like your looking for a home to live in ,there will be a lot of work involved in redoing the repairs to make it right , the question is do you want to spend the money time and effort to repair it , if not, walk away , a lot of people cannot live in a house while doing major renovations , hope this helps – from a seasoned…[Read more]

Reno101 replied to the topic Body corporate insurance – what covers do you need in the forum General Property

Sun, 28 Jul 2013 10:46:56 +0000

Oh and ps $20,000,000 is plenty , office bearers never had to do it .

Reno101 replied to the topic Body corporate insurance – what covers do you need in the forum Hi Johk,we have had a few

Sun, 28 Jul 2013 10:45:01 +0000

Hi Johk,we have had a few duplexes over the years ,public liability and fire is all we went halves with the neighbour ,and with no body corp or manager to dictate their rules ,we just met once a year to discuss any issues . We also have had a few units with body corp over the years , we have sold them now because it was always about doing a…[Read more]

Reno101 replied to the topic 2Bedroom villa conversion in the forum Value Adding

Sat, 27 Jul 2013 11:03:04 +0000

Hi Mentee,the comments above have good merit ,I have done your renovation proposal on my own property 6 years ago ,but I did it for a pure profit renovation and resell project .It was a 2 bed x2 bath duplex with the room in the large lounge room to build in a 3rd bedroom at the end of it and it was 3.5 x4.0 metres which is a bedroom size , we…[Read more]

Reno101 replied to the topic Galilee Basin - GVK; Hancock; Adani; Bandanna Energy in the forum Help Needed!

Thu, 18 Jul 2013 10:02:57 +0000

Hi JT7 , I am currently working in the surat basin and surrounding areas, coal has hit it's peak and there's too much hype out there , be careful ! – I know lots of guys working in coal and it is a touchy subject , the CSG is the new kid on the block , if you or someone you know can visit the area you will see all the action from Dalby to Roma…[Read more]

Reno101 replied to the topic renovating with a tenant in place in the forum General Property

Sun, 14 Jul 2013 10:32:40 +0000

Hi mizfitz ,doing a Reno while having tenants in place is just asking for trouble ,it is easier while vacant , but don't over spend on major items if wanting to get a new valuation , some one else's eyes may not see the new value in what you have spent , they like to see kitchen , bathrooms ,laundry ,paint and carpet redone , the catch is not to…[Read more]

Reno101 replied to the topic Help for mould issues in the forum Help Needed!

Wed, 10 Jul 2013 11:45:24 +0000

Hi,Are the stumps wooden or concrete under house , damp will rise up wooden stumps and creep into wooden floors , if it was coming down from roof , you would see it in your walls , therefore it is coming from underneath , call in an expert , it will save you from complaining tenants and loosing money in the future

Reno101 replied to the topic Convert a duplex with body corp to freehold or strata title in the forum General Property

Wed, 10 Jul 2013 11:30:13 +0000

Hi J, how much body corp do you pay ? , also do you pay extra for fire / public liability insurance ? Is it just yourself and neighbour in body corp , or is there a body corp company who looks after the fund? , I have had a few units / duplexes over the years and all had different rules

Reno101 replied to the topic geting out of a property deal in the forum Help Needed!

Wed, 10 Jul 2013 11:10:47 +0000

Hi Daniel , did they give you an exact settlement date ? Look into a sunset clause , and or any non delivering of end product , ie body corporate items , do you have a solicitor who can look into the fine print