They have been around for a while, I bought a floppy once, but didnt do any more…too fiddly and time consuming for me…(but hey it was a while ago)
Hi scully
thanks for that.[
]regards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
Originally posted by ginamarree:Hi, I have found heaps of bargins at garage sales and through the neswpaper ( trading post, weekend shopper – in QLD).
OK OK this seems to be going into a competition into whose the cheapest, so I’ll toss my (used) bit in as well [
]I find the monthly unburnable rubbish collections are great. And the council publishes their dates in advance, so you know when to take up jogging!
My 8 min walk to work takes me past flats. I can tell you now, flat dwellers chuck out much more than house dwellers!
In the last 6 mths I have furnished my loungeroom with:
1. Nice CD/cassette/radio stereo system
2. Speakers far better than the above would have come with
3. Soft low chair
4. Coffee table (that needed $10 worth of wood insert cut to size by local timber shop)And today a fridge popped on the verge. But that one’s staying put (‘don’t be too greedy….leave something for other people, etc’).
Had a thought today. Buy a 12-240 volt inverter & extension lead and keep it in the car. When there’s a promising item, you drive up to it, plug it in and try it without taking it home. So you can leave the stuff that doesn’t work.
Now if you’re not careful you could get yourself a Darwin award, blow up the car and become the centre of embarassment for your neigbourhood, so do it low key.
Regards, Peter
redwing’s theme…we are building so for the garden i’ve bought a hundred plants in tubes at $2 ea, get some old pots, bita local dirt and 6 months later, $10-15 plants for $2…and all native. For those in northern Perth go to Lulfitz nursery in Wanneroo
my favourite is to go to church late, after they have taken up the collection, we save heaps each week.[
]try this one. you give for God’s work and see what He does for you with compounding interest.[
]Hi All,
From my experiences, second hand has been the way to go when setting up an IP. Here’s a few purchases I’ve made to improve the appeal of my properties.
– The Salvos shop is always good for cheap blinds and curtains. Did a whole house for $50.
– I’ve purchased ex-rental plants. They’ve usually lived a short life in the foyer of an office building and are a bit tattered, but they’re pretty cheap and come back to life with a little care.
– Add secondhand wardrobes instead of installing builtins.
– Installed exhaust fans in the kitchen and bathroom, along with a ‘whirly bird’ in the roof. Wired the fans into the light switch to make sure that the tenant uses them. This will reduce the chance of mould and will prolong the life of the paint in these rooms. Less work and money down the track.
– Since the landlord pays the water bill, install a watersaver shower head, and give the tennant an efficient high-preasure hose nozzle with trigger to use when washing their car. In SA, this is required for water restrictions too. Also consider an underground drip system for gardens and mulch between tennants.
– I’ve used garage sales and auctions to pick up cheap paint, tiles, carpet, garden tools, a garden shed and carport, air conditioner, etc. Save heaps on the new price.
And some general frugality tips that I’ve aplied over the last few months, mostly common sense.
– Quit smoking! I’m working on it and transferring the savings into one of my loans every week. Feels good to see the balance diminishing faster and feeling healthier at the same time.
– Walk, ride a bike and use public transport. Good for your health, the environment and your wallet.
– If you regularly travel distances by yourself that are too far to go by bike and public transport is not convenient, consider a small motorbike or scooter. A second hand Honda Dio or Yamaha Jog 50cc can be purchased for around $1000 and will pay for itself in a few months through fuel savings and reduced wear and tear on your car.
– Stop buying that latte on the way to work. Just have an instant coffee when you get there instead.
– Stop buying food court lunches. Once a month I have a big cookoff and fill my freezer with meals to take to work for about 1/4 of the cost. Also means that I have better control of portion sizes to help keep the pounds off!It all adds up and will mean I have the deposit for my next IP much sooner.[
]Cheers,
MikeIF YOU HAVE TIME, Manage your IP’s yourself. You don’t even have to choose the tenants ie: you can do a “To Lease Only” contract with an agent so they can find and check out your prospective tenants properly for you and then you do the rest.
I give the tenants an option of a deposit book to pay directly into my account or they can set up a periodical payment. I don’t have to even collect the rent, they put it straight in the bank.
If you have to evict someone, you can then pay a property manager to do the court paperwork etc or you can do it yourself too. I’ve found the general collection of rent and inspections take minimal time, as does ringing for the odd plumber etc. when needed.
For those in WA who want to consider this, there’s a handbook at the newsagencies called “The Landlord’s Handbook”. It was only $9.95 when I bought a copy a couple of years back and it’s saved me about $700 last year alone.
(Note: Only do this if you can keep the emotion out of looking at your home, other people might not live like you do and just becasue it’s untidy doesn’t mean it’s unclean or that it’s not be looked after.)
Fortune Favours the Bold.
A friend of mine manages his units (
and his partners properties ( 3 )Himself, they rent his mothers Ip ( so she has great and stable tenants..He uses the Quokka ( same as trading post ) as it’s free to advertise for tenants [^]
Another person i know takes a trailer around on Kerbside clean-up day’s, he fixes stuff up and then has a garage sale… he enjoys it..
Also some shires here will deliver the “mulched” branches from the “green roadside clean-up’s” or any trimming of trees near powerlines etc for free to your property, the catch is you have to take the “whole” load, a friend contacted her local shire for this, used what she needed then had other friends come and pick up the remainders “Free Mulch”
That’s all for now- at work[V]
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Just got a quote to lay tiles in a small kitchen area. 10 sqm – straight lay.
The quote was for $550 with me providing tiles, glue and grouting it myself.
Did it with a mate in less than a day for $100 for material inc tools and $40 for a guy to cut 20 tiles to shape for the edges.
Damm good job too.
I learnt a new skill and saved a packet. This tiler I imagine would have been twice as fast as we were so he is on a good wicket I reckon!
So my tip is to have a crack at it yourself. What you learn is great and the money you save makes it worthwhile too!
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Some sites to look at
http://www.nutsandboltstv.com/
http://www.bankrate.com/dls/news/advice/20031229a1-Top10.asp
http://finance.ninemsn.com.au/money/
http://moneymanager.smh.com.au/
http://www.whittakermacnaught.com.au/
http://www.thegardengurus.com/
http://www.burkesbackyard.com.au/
http://moneycentral.msn.com/investor/home.asp
http://www.bricksandmortar.co.nz/
http://www.apimagazine.com.au/
And that’s just a few on my “favourites list” some you’ll find interesting others probally not.. hope some of you enjoy these..
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Thanks mate [
!]It is past 2am and I got to sit up another few hours to read through these [
]Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
No Rest for the wicked, MortgageHunter [}
]REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Hi Guys
Too many web sites to list so here is the link for many NZ sites.
http://www.propertytalk.co.nz/modules.php?name=Forums&file=viewtopic&t=241
Regards
A great site for people who want to give up smoking is:
You can download a non-smoking meter, which show how many cig you have not smoke, the time clean, and the amount of money that you have saved.
This meter really help when the cravings are bad, you just check you meter and look how well you have done.
My Meter Shows:
Smoke Free: 1 Month, 1 Day, 9 hours, 50 min, 35 sec
Cig not smoked: 648
Money Saved: $233.35Doing well…and $aving Money asa bonus, 2 guy’s at work will like that site, i’ve told them they’ll save about $5 000 yr on what they smoke!
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
How about ideas like this?
or do you want more realestate type ones?
What I could do was get the most out of what we had. The basis of this
strategy is to get ‘One More’ use out of everything. The best way to do
this is to measure everything. Then experiment with the least amount
of
product required to do the job without compromising the effect desired.
Once this is identified it becomes automatic.For example – by measuring the clothes washing detergent we get one
more
wash out of every bottle! I use the lid of another cleaning product
that
holds the exact amount and this is left conveniently with the clothes
washing
liquid.This may sound trifling, but if you do this over a year it adds up.
The
savings you make on washing liquid alone (based on five washes each
week
for 52 weeks of the year) amounts to over four bottles a year – just by
using the ‘One More’ strategy!If you do this for EVERY product in our home, the savings add up to the
equivalent of a free hamper of groceries by the end of the year. The
bonus
is, practised over years this strategy compounds just like compounding
interest. Eventually there is that little bit extra in the grocery
money to
buy a product in bulk.This saves on the per volume cost of the product and means that if I
continue
to practise the ‘One More’ strategy, it won’t take as long until there
is
that little bit extra again to buy the next product in bulk, and so on.We try to apply the ‘One More’ strategy to everything. ‘One More’season
of
wear for clothes, even if it’s only worn for gardening. ‘One More’ use
when
an item is no longer fit for what it was bought. For example – broken
crockery becomes mosaic!What we do not apply the ‘One More’ strategy to is servicing,
maintenance and
repair. These activities are time sensitive and it is a false economy
to
wait to attend to such things.Wasp
**************************************************Its not what you earn but what you do with what you earn
Hi all
Another site with lots of various money saving tips (and a free newsletter)is
http://www.cheapskates.com.auCheers
[biggrin]i am so frugal.
one word: EBAY
I had some great deals through it and bought most of the items for my reno from there, including the kitchen sink!
ALSO when I was doing my reno, rather than throwing everything away or paying the rubbish guy to come pick up everything, I listed it all on ebay, even if i only got $1 for something I was making money instead of paying for removal of it, great for old bathroom vanities/toilets and old kitchens as well as carpet.
One mans junk is another mans treasure – so true!
A Tip I read for when out and about on Family Excursions
KEEP IN TOUCH FOR FREE WHEN OUT AND ABOUTOur family saves hundreds of dollars a year on mobile calls and I still havepeace of mind knowing my children’s whereabouts since we started using this clever tip. Instead of bumping up our mobile bills with all the usual ‘I’m running late’ or ‘Can you pick me up’ calls, we keep in touch for free using walkie talkies!
It started as a game when the kids got walkie talkies for Christmas but on taking them out of the house they quickly realised that they work well n many places such as shopping centres, sporting events and so on. The walkie talkies we use have a working radius of between 500m and 3km, which is ideal for those inevitable ‘I’ll be there in five minutes’ type of
calls, or to locate one another if we get separated in a large venue.
Instead of being charged for making a mobile call, we communicate on the walkie talkies for free!This system is also used successfully by my sister-in-law and her
family and it saves us between $20 and $30 a month on our mobile bill. This adds up to a total saving of between $240 and $360 a year! For the initial outlay of around $60 (we use the Uniden UHF walkie talkie twin pack from Dick Smith
for $59.76), this is an easy way to make a great saving!Note: It is a good idea to buy proper models from electrical stores,
rather than toy store models. There is little difference in price but a big difference in quality.“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsSorry to be a ” sore contributor” for the first time but I have to say:
1. I cannot believe some of the things people do to save a buck… Wouldnt you be better off putting your time and energy into research or education or investing….
2. Westan..please tell me your not serious about the Church thing!!!!
3. Ebay… you cannot sell anything on ebay without them charging you adveretising fees…? I have an old toilet I just took out of my Ip as part of a reno…..If I put that on the front lawn for council pick up or advertised on ebay —would you bid for it????Sorry but I have friends that are so so frugal that I am embarassed for them……..Live life….You work to live not live to work!!!! Start living… After all isnt it what life is all about… Yes many of you may sporn me and say.. its the way to financial freedom etc…. but what about the journey there..???
Snowflake
]
]
and his partners properties ( 3 )Himself, they rent his mothers Ip ( so she has great and stable tenants..
!]
]
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