PropertyInvesting.com | RnP | Activity

RnP replied to the topic Reno with clean hands in the forum Value Adding

Thu, 16 Dec 2010 05:24:58 +0000

Hi Mario,If you have good renovation costing software you can actually do two theoretical feasibilities for both possible situations, one including you doing the work and the other if you outsourced it, then it will be a simple task of deciding which one is more profitable and suitable for what you need.Amanda

RnP replied to the topic Your opinion required - Reno to ravalue in the forum Value Adding

Thu, 02 Dec 2010 05:56:34 +0000

The best idea is to find out from your lender which valuers are on their panel and then choose one of those to get a valuation through. I think it's a fantastic idea to renovate and it's very handy to have such a great guide (being the unit nearby) as to what you can expect to gain once you've completed the reno. Uncertain times is an even…[Read more]

RnP replied to the topic Two Titles in the forum Value Adding

Tue, 26 Oct 2010 01:49:27 +0000

Correct Scott! that answer is a definate MAYBE. Council consultation is necessary to establish what is permitted in terms of dwellings per lot. It may be that one has a flood zone overlay or has some other covenant or restrictionn on it that impedes building ability. Hope that helps.Amanda

RnP replied to the topic about Renovations !! in the forum Value Adding

Thu, 21 Oct 2010 21:17:43 +0000

Hi Alex,Christmas time can be a little tough to sell, but then again some people love to take that time off work and spend it moving into a nice new house for a fresh start to the new year. You can play on that fact with you marketing if you decide to go that way. As Jane said though, talk with your team (solicitors, agents) to find out when t…[Read more]

RnP replied to the topic Renovation consultant in the forum Value Adding

Thu, 21 Oct 2010 21:02:14 +0000

As we are also in teh game of renovation education and assistance we couldn't agree more that having an expert who has been in the game for years and knows all the ins and outs is very beneficial for a renovation project. A professional does take all the emotion out, they've made the mistakes so you don' t have to and can teach you how to…[Read more]

RnP replied to the topic What type of reno do you recommend for 1st timer? (in Brisbane) in the forum Value Adding

Mon, 04 Oct 2010 02:45:58 +0000

It is correct that you make your money when you buy so due diligence before you sign the paperwork is imperative. Make sure you limit your search to a maximum of 3 suburbs so as not to overextend yourself. You must get to know those 3 suburbs like the back of your hand. Go to open for inspections, talk to the local agents, visit the local pa…[Read more]

RnP replied to the topic 2 bed unit close to cbd, adding value through renovations tips please. in the forum Value Adding

Thu, 23 Sep 2010 01:37:56 +0000

Make sure you know EXACTLY who your target market is, this should be aparent if you do good research of the socio-economic makeup of the suburb. Once you know who is most likely to rent out your property at the increased price you are after then ask a local rental agent what exactly are those kind of renters willing to pay more for. You'd be s…[Read more]

RnP replied to the topic Bathroom Accessories - A touch of class can really draw in the emotional buyers in the forum Value Adding

Thu, 23 Sep 2010 01:29:11 +0000

As long as your budget includes such items I think it's nice for builders and renovators to include as many little extras as possible, provided the perceived value is higher than the actual value of the item, therefor guarantee it to be a profitable exercise.Amanda

RnP replied to the topic viability of reno for a Unit (as opposed to a house)??? in the forum Value Adding

Tue, 07 Sep 2010 02:15:38 +0000

Hi,There can be benefits and negatives for each. The best thing to do would be to do a full feasibility using a good software package and make sure you cost out every single part of the project. It's very hard to generalise to a point of saying that houses are better than units. Generally, building depreciate whilst land appreciates, but wha…[Read more]

RnP replied to the topic Ikea kitchen in the forum Value Adding

Thu, 02 Sep 2010 01:14:50 +0000

Is this for an investment property or a property you are living in. As part of any successful investment/renovation you should do an analysis on target demographic of the area in which the house is it. Is it a lower socio-economic area, where they might be fine with ikea furniture? However if your in a higher class area it may be a detriment a…[Read more]

RnP replied to the topic Uncle Knackers Renovating Tips! in the forum Value Adding

Thu, 26 Aug 2010 03:00:32 +0000

Great Vids. We are also in the renovation industry. Amanda

RnP replied to the topic Is selling to start a new Reno typically worth it? in the forum Hi Mixed Up,Some people have

Wed, 11 Aug 2010 20:18:41 +0000

Hi Mixed Up,Some people have a very strict aversion to selling properties, but if your at your limit then NOT selling can actually hinder your overall wealth progress. There is some merit to actually selling properties if you think that it will free up some capital and allow you to invest elsewhere in something that may give a better return. I…[Read more]

RnP replied to the topic rental property investment - basic questions in the forum Help Needed!

Thu, 08 Jul 2010 22:18:14 +0000

Is there a strong reason why you want to buy in the city? do you work in there? It historically does not provide exceptional capital growth and rental return isnt a factor as you are going to live there yourself by the sounds of it. If you don't have a good reason to live right in the city, perhaps think about buying further out with more la…[Read more]

RnP replied to the topic Renovate and Profit - Melbourne 10th July 2010 in the forum Heads Up!

Tue, 06 Jul 2010 00:21:59 +0000

4 DAYS TO GO FOR OUR RENOVATE & PROFIT SEMINAR…there's only a handful of tickets left so call our office on (03)90057992 or go online to http://www.renovateandprofit.com/seminar to book.

RnP replied to the topic New Estate's in the forum Another tip is to get out

Fri, 02 Jul 2010 01:21:45 +0000

Another tip is to get out and actually drive around the suburbs. Sometimes big land holdeers will put "Development coming soon" signs up which will give you a good starting point to ring around. Councils are also another great start.Amanda

RnP replied to the topic Duplex feasability, cost and risk in the forum Value Adding

Thu, 01 Jul 2010 02:02:52 +0000

Hi,We have some tried and tested software available that accurately pinpoints every single cent spent on any kind of real estate deal. It's a very useful piece of software that is sure to help you. Check out http://www.winningformulasforsuccess.com/Reno-Tools-Package.Amanda

RnP replied to the topic Window Furnishings for new property to rent out in the forum Value Adding

Wed, 30 Jun 2010 06:36:25 +0000

Do a price comparison between a regular set of curtains and the aluminium shutters your considering and see what the difference is – if it's $1000 (for example) – that could be two weeks of rent. Best thing to do is ask local real estate agents and rental agents if they think its worth it. Would you recoup the cost in increased rent? How lo…[Read more]

RnP replied to the topic how is possible still get positive gear property in the forum General Property

Tue, 29 Jun 2010 03:18:49 +0000

Renovating for Profit is a time-tested way to make lump sum profits AND to increase rental return. If you buy correctly at the beginning (underpriced property) in a solid area and then add valule by renovating you can increase the rental return which can possibly turn a negatively geared property into a positively geared property. Amanda

RnP replied to the topic Renovate and Profit - Melbourne 10th July 2010 in the forum Heads Up!

Tue, 29 Jun 2010 03:02:10 +0000

Hi Everyone,Tomorrow is your last chance to purchase discounted tickets for the July 10th Melbourne Renovate and profit seminar. Visit http://www.renovateandprofit.com/seminar to book tickets.Amanda

RnP replied to the topic Renovating while you rent in the forum Value Adding

Mon, 28 Jun 2010 03:34:38 +0000

I think you should try to get the extra $3380 as every little bit helps. Pehaps ask your company if they would pay for rental money if you were doing a "rent to buy" property rental. If they say yes? Then just do up the paperwork as in a typical rent-to-buy deal. Amanda

RnP replied to the topic One bedroom Reno Help Required in the forum Help Needed!

Fri, 25 Jun 2010 02:24:16 +0000

Hi,Remember to keep the colour scheme light and airy for the best return $$$ – whites and soft light colours with only small splashed of colour for decoration if you wish. This is always best for rentals aswell and a neutral palette pleases most people.Amanda Winning Formulas For Success

RnP replied to the topic ARCHITECTS FEES in the forum Value Adding

Thu, 24 Jun 2010 00:08:16 +0000

Hi Marty,It does seem a little pricey. Perhaps check out a local draftsperson iinstead of an architect. they do similar things, but a draftsman is a cheaper option – at least for the first stage of design anyway where it's not that technical (usually) and the council's most likely will change bits and pieces of the design anyway. Did you get 3…[Read more]

RnP replied to the topic House or Unit in the forum Help Needed!

Wed, 23 Jun 2010 01:55:02 +0000

It's all about figures. Make sure you have a good piece of software that lets you enter all the relevant data. Then just let the $$$ decide which investment is best for you. You should be taking all emotion out of your decisions and focusing solely on the profits. As I'm sure you know, the other thing to remember is that you can manufa…[Read more]

RnP replied to the topic Corner Blocks in the forum General Property

Wed, 23 Jun 2010 01:01:32 +0000

Hi THGH,The short answer is, not always! Corner blocks are not necessarily priced higher. Sometimes if the real estate agent is on the ball and its a growth area ripe with developments everywhere they will highlight the corner block for development and market it that way specifically with a higher price tag. Sometimes, however you can get a c…[Read more]

RnP replied to the topic Looking for a mentor!!! in the forum Value Adding

Tue, 22 Jun 2010 04:01:30 +0000

Hi Melbproperty,if your looking for a less expensive option, please check out http://www.RenovateAndProfit.com. they have fantastic educational materials and software, way below other prices. They are also conducting a seminar for only $397 in Melbourne July 10th and Brisbane August 28th.