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Investors Choice - Renovating for Profit Hi Rixter, The course is definately not a DIY course. The only finger I lifted was the one I use to call my tradies. The course focus is on project management, cost analysis, ensuring you get the biggest bang for your buck, the best spends to add...

Investors Choice - Renovating for Profit Hi Rixter, I would also highly recommend Jane Slack-Smith of investors choice. The quality of the info she provides is fantastic especially for a course costing less than $100. Jane has loads of reno experience and isn't afraid to share some costly...

Hi Millsy, DD is 'Due Dilligence' or investigating and evaluating risks. Crest133 is advising people to do their research. In regards to tenant selection, I have paid an agent to find tenants for me. I have the final choice in who gets the property. I do this when I don't have much time or...

It's working ok for me.

Hi Tony, We all had to start somewhere and buying a property for quarter of a million bucks is a big achievement. My opinion is you should definately buy now. One, because time IN the market is so important in RE investing (so the sooner you get in the better) and two, because it's a great...

I go looking at similar properties and contact local property managers for their opinions. Once I know what the market rate is I reduce it by $10 a week. For a loss of $520 a year I have a selection of rental applicants to choose from. This makes it easier to choose tenants who are reliable and...

Hi Karma76, I've found having a list of good tradespeople on hand is really helpful. I have a great handyman, electrician, plumber and locksmith. I keep their numbers in my mobile phone. If a tenant calls me and needs anything I can call the appropriate tradesperson immediately. I let the...

I manage 12 lots of tenants myself as they are close to home (inner Sydney and North shore). Those that are further away I have managed by one of the local real estate agencies. I find managing my own properties really rewarding. I have a good relationship with all my tenants and find that they...

Congratulations Michael and Well done! Sounds like you've got a really interesting learning experience ahead of you. I look forward to reading your updates. Best of luck! Kelly

Hi GoddessK, Yes I have been absolutely amazed at the amount of people who know what we have achieved through investing and yet don't ask how it's done. I don't like to push investing on people but I have asked a couple of members of my family to read books that I think might give them an...

Great idea Les. My thoughts echo Kristine's.

The 'secret' to building wealth is leveraging. It doesn't really matter whether you invest in residential property, commercial property, shares or Business. The trick is to find the vehicle which will allow you to leverage most effectively. The reason so many millionaires/billionaires invest...

Simon, The obligatory 9% goes into my SMSF. I'm not willing to take a risk that legislation won't change again (many times) in the next 30 years. I actively invest in real estate, shares and Business. To me this makes much more sense. Cheers Kelly

Hi Simon, You can look at the changes to the super legislation that were just put in to place but unless you are taking your super out now or in the near future the changes may well be obsolete. If you're in your 30's it may be a good 30 years before you take your super. And there lies the...

Hi Peter, Congratulations and best of luck for your new adventure! You mentioned mobile phones that you can receive emails on. I've been really impressed with my BlackBerry. I receive realtime email without having to dial up and download my emails (which can be really expensive). This...

While we are on the topic of pest control.... I have a house in Kirribilli. Sounds lovely but unknown to many Kirribilli has a bit of a problem with Rats. Anyway my downstairs tenants reported seeing some rats inside the house (eek!!!). I paid around $600 to have the house treated for pests -...

2 for me please :) Thanks

To go back to the talk of market sentiment, I think now is a terrific time to be in the market. Don't forget that vendors are also being bombarded by the media's talk of falling prices and no growth for years to come. This has made lots of vendors prepared to accept significantly reduced prices...

Get rid of state governments!

Hi Sonic, I found them pretty expensive as well and went with NRMA which surprisingly was much cheaper. Happy Easter! Kelly