A cashflow positive property is when your rental income exceeds your mortgage repayments, rates and other costs. It means that the property is self sufficient and doesn’t usually need a ‘top up’ when your mortgage repayments or other expenses are due. Unfortunately these types of properties are quite rare!
Archive | Renovations
How to turn your cashflow negative property into a cashflow positive property
Posted on 15 January 2013.
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3 steps to buying a renovator at a discount
Posted on 15 January 2013.
One of the best things you can do when buying a property to renovate for a profit is to buy under value to begin with. Why pay retail when you can help a distressed seller (buy their property at a discount), renovate it well and make a tidy profit.
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How to renovate a property out of your local area
Posted on 19 December 2012.
If you own, or are intending to purchase a property out of your local area – then renovating that property may very well seem like it falls in to the too-hard-basket category for you.
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Finding the best trades-people for your reno
Posted on 11 September 2012.
Finding good tradies to renovate your property can be like pulling teeth sometimes. Many don’t get back to you quickly. Others hand you ridiculous quotes. And some go weeks over their promised deadline. Having unreliable trades-people can cause real problems which can blow out your costs and turn a profitable job into an unprofitable one.
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Properties I’d love to Reno
Posted on 18 July 2012.
I’m constantly asked about how to choose a good renovator, so in my ongoing attempt to educate my readers, here are a couple of examples. Basically, I look for a property where I can keep a big portion of the existing fixtures and fittings. For this blog post I am focussing on exteriors, so I’ll be concentrating on what parts of the outside I don’t need to replace or spend a lot of money on.
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Licensed Building Practitioners Scheme
Posted on 26 June 2012.
Within the Building Act 2004 there was a requirement for Licensed Building Practitioners Scheme to be established to try and improve standards within the building industry and make building practitioners more accountable for their actions on site.
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Renovating to sell – 4 great curb appeal ideas to max your selling price
Posted on 26 June 2012.
If you’re planning a renovation soon, then the exterior of your property is one area to get looking just right. Whether renovating to improve the valuation or to increase your chances of selling, the exterior is the first thing you or your buyer sees.
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When to Reno and when to Run
Posted on 24 May 2012.
Renovating is an exciting concept for most people. Having the chance to pick your favourite paint colours, go shopping for all the appliances, fixtures and fittings and generally put your signature to something can be a real buzz.
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Renovate before Selling? Yes or No?
Posted on 19 April 2011.
If you own a property and thinking of selling, you might be wondering whether to invest any money in renovating – or just to sell it as is. This is an extremely common dilemma – and one that I am talking to people about just about every day.
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Renovating for Student Accommodation
Posted on 06 April 2011.
Renovating property to suit students specifically is a task that if done expertly, will reap an investor real long term rewards. Different to renovating a property for sale, or even a property to rent to a ‘standard’ tenant or family, student accommodation design must be, more than anything – practical.
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Choosing a Property to Renovate
Posted on 31 March 2011.
The current state of the economy has stopped a lot of people in their tracks. Many are of the view that they will ‘tread water’ for a few years until the economy improves. Others are taking this opportunity to pick up a bargain, often helping a distressed seller in the process and making a profit from their efforts.
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Exterior reno’s – maximising the first impression of your property
Posted on 18 March 2011.
The exterior of your property is the first thing your buyer, your tenant or your valuer sees, so it’s critical to get it looking spot on. Will you create a property exterior that is so-so and risk potential buyers and renters to just drive on past?
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Renovating Some Quick Tips
Posted on 14 January 2011.
Now that Summer is upon us we like to make our Investment Property look really nice there are several easy ways on achieving this.
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Seven Deadly Sins Of Renovating – Common Mistakes That Will Kill Your Profits And How To Avoid Them
Posted on 17 November 2010.
If you are thinking about renovating your home or investment property (for profit), then I’m sure you want to know all of the risks involved and do everything in your power to avoid them.
Posted in Renovations2 Comments
Wallpaper or Paint
Posted on 12 November 2010.
Do you use Wallpaper or Paint when renovate your home for investment or sale. There are two trains of thought some believe that Wallpaper looks better and some believe that painting is better and more practical.
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Bathroom Renovations for Adding Huge Value
Posted on 15 September 2010.
Although one of the smallest rooms in a house, the bathroom can be one of the most expensive to renovate.
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