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For the moment, the $56k take out is in an offset account, so I'm not paying anything for it. When it comes out of the box to play, it will be going into another deal, so there will be another rent or dividend income stream to offset the interest cost on the $56k.

OK, more numbers required, I think. Assuming all funds in the deal are borrowed in some shape or form and a current rate of 6.31%. Contract value $250,000 Stamps etc $12,000 Reno Costs $10,000 Interest on $272,000 @ 6.31% = $17,163 pa Other expenses inc Strata...

She is, according to her, THE ultimate property developer. For $5,000 or so, you can get her DVD course AND attend the Boot Camp. If you're one of the chosen one's, you will be invited to fork out $20,000 or so to join the "Elite" group and learn the secrets of property development. Very...

Carly Crutchfileld's tips include: 1. Tell everyone to bring their credit card 2. Tell everyone there aren't enough places in the program for them all and some will miss out on this "once only" opportuity. 3. Don't invite Dazz Then watch them run to form a not so orderly queue waving...

I guess I don't have much of a future as a spruiker selling "renovate your way to profit" seminars and mentoring programs. I could have spun the numbers any way I liked to get the results I wanted to show my "students". Might have to settle for just telling it how it is. For free.

Fair point, Dazz. I don't disagree, but we all look at things from our own point of view. From my perspective, I had no money in the deal in that the deposit and the $12,500 in stamp duty and fees etc. were funded from equity released from other similar deals. The real payoff for me isn't the...

It was the same bank. The property was sold below market, but it would have been difficult to achieve much more than the $250k price without a lot of work. I've been following this formula for a few years now. My "profit" is a combo of buying well (and low) and adding value through a very...

I bought a small Villa last year. Contract value $250,000 Spent a month (pre settlement) renovating it. Reno cost: < $10,000 LVR 80%, so loan was $200,000. Soon after the reno, it's rented at $260 per week. Revalued by the bank a few months later at $320,000. SO, retaining the 80% LVR, I...