[TerryParticipant@talsarJoin Date: 2014Post Count: 7]

July 19, 2014 - 6:20 am

Yip your right
The ones I have come across have lied through their back teeth, conned every one they come across I.e. Contractors
And then have gone broke
A typical person in this category is very excitable runs around a lot looking busy, but doing nothing, can be very friendly & engaging looking to earn lots of money with no real effort
Promise every thing deliver nothing but cayouse & frustration
Early warning signs are large grand plans quickly followed by being late and unreliable
They dont necessarily have to be a developer they can contractors as well, some of us are even lucky enough to employ them for short periods, I guess the they become contractors, then developers then broke
How ever their are some real clever ones who keep all Their money, but there is another name for them

I would strongly advise all to stay well away from people who fit into the above

But hay best of luck

• This reply was modified 9 years, 9 months ago by  Terry.

Terry | TRC Property Services
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[TerryParticipant@talsarJoin Date: 2014Post Count: 7]

July 16, 2014 - 12:10 am

Thanks for the replies

When I meant sell discreetly I meant quietly sell the property with out the signs and tramping feet of busy buyers and real estate agents
I made the mistake of doing the deal in my name
Borrowed 300k total cost to build 440k value 450k rent anualy is $20,800 or $400 per week rental manager 9% rates & insurance $2,500 per year
The house is in New Zealend so there is no stamp, it is a principle & interest loan
I did things the wrong way
I forgot my initial goal which was to buy positive cash properties
I don’t have to sell if I put in another 30k it will become positive, I can move it over to a company/trust which is already set up ( you can gift at present there is no limite ) and refinance
I think perhaps on reflection I am annoyed with myself
I have no sentiment towards the property, I must admit though it was a great build not having a client for 5 months I enjoyed going to work :-) and I would have like to continued, sold and built another but the big BUT, it’s back to the drawing board and start again
Maybe with the same plan or revised plan, licking my wounds but the cuts aren’t to deep
I apologies if it sounds a bit of a ramble but it is good to put it in writing,

• This reply was modified 9 years, 9 months ago by  Terry.

Terry | TRC Property Services
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July 12, 2014 - 9:38 am

hi there
I take it as a given that you have a great property manager and that you trust them. RIGHT?
a great property manager will have trades that work for them on a contestant basis, get them to do the work for you
why would you want to take a week of work, loss of income, meals, accommodation, +++++
at the beginning, during and at the end of the project demand photos lots of photos
have faith in the people you employ but check up regularly videos are great as well
good luck

Terry | TRC Property Services
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Remember: nothing stays the same and you can't make change with out changing

[TerryParticipant@talsarJoin Date: 2014Post Count: 7]

July 12, 2014 - 9:24 am

depends on the property
if all it needs is a quick coat of paint because you are going to bulldozer it next year hire a spray unit and paint it all one color because it wont matter
if it requires any form of quality unless you are an experienced painter get a tradesman you’ll save your self time and money
and a whole lot of heart ache

also bare in mind that if you don’t know what you are doing any job you do will look great to you even a really crappy one

Terry | TRC Property Services
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[TerryParticipant@talsarJoin Date: 2014Post Count: 7]

July 12, 2014 - 9:09 am

hi there
it may not be a licensed “trade” but it would come under some form of licences or registration as singularly it is the most important part of the construction to keep water out, it would pay to check with the local building authority, you may also require a permit from the local shire or council, other wise you as the owner could be liable

• This reply was modified 9 years, 9 months ago by  Terry.

Terry | TRC Property Services
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July 8, 2014 - 11:42 pm

Hi there
How did you end up in this position ?

Terry | TRC Property Services
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Remember: nothing stays the same and you can't make change with out changing