[Reno101Participant@reno101Join Date: 2013Post Count: 26]

June 14, 2014 - 6:55 pm

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

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

January 11, 2014 - 7:13 am

Freckle it must be in your DNA – good genes LOL 

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

January 8, 2014 - 7:47 am

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 .

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

December 7, 2013 - 8:45 pm

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 .

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

December 1, 2013 - 7:34 am

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 

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November 25, 2013 - 9:39 am

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

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October 31, 2013 - 10:41 am

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 process  as it does pay well once you know the strategies , I enjoy doing  renovations ( buy , Reno , flip em )  I got some coaching  a few years ago about options  and applied it to my next  renovation project  as an option , end result $70,000  in 7 weeks  , if I was a novice this would not have been achievable , my  full story  is on their website ( Massland  $70.000 in 7 weeks renovation option )  I hope this helps you in some way deciding what to do , but give it some time and thought  , because that's what  an option is time with creative thinking . Greg  

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September 23, 2013 - 10:38 am

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 , [email protected]    , Greg 

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September 22, 2013 - 11:47 am

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 I much prefer this side of the fence doing my own deals etc , Greg 

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September 22, 2013 - 6:15 am

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 around town through constant advertising .In my case of dealing with agents over 15 years doing property deals you get to meet the good the bad and the ugly ,many drop out because its too hard to compete and or a long time between contracts so the money dries up very quickly , very different to a weekly wage that people are used to getting .Then there is the 10% of agents who just seem be born for this position , I know a few of them and they are very good and ethical at what they do and they make a fortune , but they do put in many hours a week day and night and at 7 days just to be up the top .Just a glimpse of the agents world from my eyes dealing with them , some might say it is different with there agents , but it does come down to how much effort the agents put into promoting themselves to  obtaining your listing to create sales ! Hope this helps in someway ,Greg 

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

September 18, 2013 - 10:10 am

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

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August 14, 2013 - 11:31 am

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

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August 14, 2013 - 10:49 am

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

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August 14, 2013 - 8:34 am

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 ,12 months option , deal done in 6 months from option to sale ,good deal with good money made . cheers Greg

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August 9, 2013 - 9:24 am

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 reason to give it a big miss,hope this helps in some way .

[Reno101Participant@reno101Join Date: 2013Post Count: 26]

July 29, 2013 - 9:46 am

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  Renovator .

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July 28, 2013 - 10:46 am

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

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July 28, 2013 - 10:45 am

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 renovation and resell ,we did  prefer the non body corp because we could do what we wanted with gardens , fences ,pathways etc outside , hope this helps in someway .

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July 27, 2013 - 11:03 am

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 also did a Reno on the rest of the unit  and resold it for a very nice profit , a 3rd bedroom really does add extra dollars to the bottom line. My concerns are that the new bedroom will be under size therefore making it a study , and directly off the kitchen  = no privacy ,also to relocate the kitchen to new location is big dollars to relocate new plumbing and electrical , island bench  with plumbing and electrical  all has to be cut into the concrete slab to reach its new positions .If you feel the extra money spent is worth the return then go for it , but my concern is the size of the new room created , good idea to mark out with chalk on the concrete slab to get a feel of the new spaces created , hope this helps in someway .

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July 18, 2013 - 10:02 am

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 to Gladstone , it is buzzing , but you still need to do your due diligence , hope this helps in someway  .