Hey Kerry,

Just wondering if you have the following for sale still, and how much they are; Buyer beware and renovating for buckets of cash?

Thanks, Scott.

Hi all. Thanks Jamie for that link to the spreadsheet, should help alot with crunching the numbers. On that, does anyone allow a certain amount for maintenace, and other ongoing costs, or is there a rough % that people allow?
Thanks.

Thank-you Catalyst for your reply. Are the properties CF neutral before the reno’s or after? And, what do people mean by ‘crunching the numbers’? It makes a little sense but would like some clarification.Thanks

Hello everyone, thanks again to all your advice and suggestions. I have another question. I have been considering taking on the strategy of reno’s. Mainly due to the fact that I am in the trade industry myself, and have a few close friends who are too. Is it wise to think that I can buy a investment property that is in need of renovation, carry…[Read more]

Hello everyone.
Thanks to all for the input, all your suggestions and advice have been taken on board. I hope to be making my decision in the near future so I can begin on the investment road.

Thank-you Paul for suggesting another stratergy, I have heard of vendor finance but never really looked into it, I will check out those sites ASAP.
Another query I have is how to calculate a ‘profit and loss statement’, similar to that of a business I suppose. SO, what costs are involved with having a property, and if there is a format or a sheet…[Read more]

Thanks heaps guys for the reply’s, its good to get some hands on advice from other people playing the game. One last question I have, is there a rough set of guidelines for doing your due diligence? I know it includes doing your research on the area, owner occupiers vs. investments, people per household, infrastructure plans, but sure enough when…[Read more]

Thanks Derek for the reply, are there any sites or books you can suggest on reading to get an idea on the pros and cons of each? I have a few written down, however the more information the better I believe.Thanks again.