petronaMember@petronaJoin Date: 2008Post Count: 35
Always look up when you're viewing a property. Inside, this can reveal things like sagging ceilings and bad peeling in places like the bathroom; outside, it will tell you if the gutters etc look like they need work (whether this is repainting or replacement).
Feel the fear and do it anyway. Most people are naysayers, and out of the goodness of their hearts, try to discourage you from getting into property investment. However, most people retire to live on their super, a pension, or combination of the two. You don't want to be like most people!! As long as your decisions are informed ones, you'll be in the right ballpark for the kind of retirement most people need to win Lotto to have.js2Member@js2Join Date: 2003Post Count: 758
Latest tips i learn was.
1). That often it's paint that is raved about that adds so much value and is cost effective… not taking a hell of a lot of time to do. Paint is undeniably a great tool. But the refreshing ease of watching a skilled driver unload blue metal gravel to form a low maintenance 'total' rear area topped the painting for how quick and easy it is (where blue metal gravel is a good option). Explaining well to the driver that you want to do as little work as possible by leveling and that you want it evenly spread on unloading rather then dumping it in one big heap then working the whole day shoveling is key. And not bad on the hip pocket.
2). I thought the humble Hammer & Saw were two of the most important things to have as tool renovating but the Jimmy bar saved the day many times in lots of different situations.judithscottMember@judithscottJoin Date: 2009Post Count: 13aussierogue wrote:tip buy in a low market, sell in a high market
I agree with you really!VikkieSmith12Member@vikkiesmith12Join Date: 2009Post Count: 1
>>When posting on craigslist – change IP often, post 1 ad pr day with 1 verified phone – never flagged other people -it’s too unethical!!!
>> choose who to trust – be wise in choosing your real estate agent.
>>Think twice before buying property – try considering different factor that might affect you.jmielleParticipant@jmielleJoin Date: 2005Post Count: 31
If anyone is interested in seeing my video on a property renovation I did in 5 weeks. The house was valued at $325K with tenants. It looked an absolute mess. I gave them notice and decided to renovate it. 5 weeks later it sold for $415K. I invested around $20k on reno costs. So my tip is before you sell, think about renovating first. Sometimes new carpet and a splash of paint can add thousands. And always paint with wine!
katchardgutierezMember@katchardgutierezJoin Date: 2009Post Count: 6
– Always leave feedback or let them give you feedback.
-Always tell your client the truth.
-Always be open minded, learn to accept new things and never be afraid to try new things.Neville_DiasMember@neville_diasJoin Date: 2010Post Count: 2
Always be innovative. Think about other opportunities you can gain. May be small modification can increase the value of the property.
Get everything in written format. Verbal agreements cannot be proved in the court.YoungInvestorParticipant@younginvestorJoin Date: 2003Post Count: 377
Whatever happened to redwing? no posts for a while…god_of_moneyParticipant@god_of_moneyJoin Date: 2008Post Count: 971
Stop spammingYoungInvestorParticipant@younginvestorJoin Date: 2003Post Count: 377
Not spam mate – just interested.
Used to learn a lot from certain people a few years back and just wonder where they are.
Why so cynical?marx3bullMember@marx3bullJoin Date: 2009Post Count: 86angelodeleon808Participant@angelodeleon808Join Date: 2009Post Count: 9
SIMPLEST TIP IN LIFE:
Always Think Positively and Positive Things Will Happen.
You control your life's journey, you decide where to go.rickypleasMember@rickypleasJoin Date: 2010Post Count: 22
Try to advertise by all means as possible. You can do it by flyers, ads, posters; through online advertising; or by word of mouth.urbanedgeMember@urbanedgeJoin Date: 2010Post Count: 34
what a very awesome tips !! glad to came up in this forum .. thanks for sharing your ideas ! i gather lots of information from here ..heathersMember@heathersJoin Date: 2010Post Count: 26
Ebay is a fantastic place to buy second hand property investment books and courses at a fraction of their cost!The ImmigrantMember@the-immigrantJoin Date: 2008Post Count: 73
It's hard to offer a tip or two when I don't have any IP to start. But hopefully my first IP will commence soon.
But thanks for the wonderful posts offered on this thread; very educational.GeraldineMMember@geraldinemJoin Date: 2010Post Count: 81
1.. It the goal is to BE rich, you can't afford to be focusing on LOOKING rich.
2.. Treat tenants as YOU would like to be treated.
3.. Buy in areas that have more than one type of appeal – e.g. beach-side living, retirement destination.
4.. Build/buy properties that target smaller families – its the future.
5.. Its the land that ultimately has the value, so buy well located or larger blocks.
6.. Our best buys come from watching what hasn't sold, and making a lower offer before the price is reduced.
7.. Be willing to add value. This can give 'instant' equity, or your deposit, so you can go on to buy more.
8.. Look for areas that seem too cheap compared to nearby locations – they probably are!
9.. Ring local property managers before buying. They are a mine of information and generally helpful.
10. Don't discuss property with family or others who are not investing. Find people who are already doing it.last chanceMember@last-chanceJoin Date: 2010Post Count: 8
Buy an IP really just do it! Then buy another one and so on…retire young and wealthy
Newer is better. The building Depreciation on new buildings is fantastic
Don't buy your holiday home first…your aspirations will change over time
Enjoy the processmargaret carmodyMember@margaret-carmodyJoin Date: 2010Post Count: 1
we are considering buying a property in brisbane. we are looking for land and would like to know how much it would cost to remove old post war houses—so that we can use the land to build on.
Is it better to demolish or remove and sell to removalist or privately?
Also like to know if anyone can point us in a good direction for quality reputable builders/house designers and what the cost would be to build a small lowset 3 to 4 bedroomopen plan house, double garage and two bathrooms only. We are keen on mud brick or rammed earth?
Can anyone help