New Property Concept

[Reno Funders]

Didnt come on here to "advertise".
Came on here to chat, debate, and listen to as much negative feedback as possible.
Saturating market in large areas, I would use services like this www.propost.com.au
In melbourne, sydney, etc. And of course other methods.

If it doesnt work, Im thinking of starting a company to rival 2 Minute Noodles.
Im thinking One Minute Noodles.
Its the same ingredients but you just put them in the bowl a little sooner.

Been some great feedback on here, so thank you everyone. Awesome posts from so many people.

 

[Robbo2621]

Nobody has mentioned the fact that the poor vendor will have to live in a building site (or find alternative accommodation) for however-many-months while the renovation is taking place...

Try putting something up on Kickstarter.

This Is a good point, what does happen to the vendors while you are tearing out kitchens, bathrooms, walls, demolishing the house? Do you put them up in a rental, hotel, a tent? Or is it up to the vendor to find and possibly pay for alternative accommodation?
Or do they live in whilst the renovation/demolition happens

 

[redwing]

Nobody has mentioned the fact that the poor vendor will have to live in a building site (or find alternative accommodation) for however-many-months while the renovation is taking place...

Thought of this also

Re: The Bullldoze and build again scenario, or even major renovations, this would would seem to leave the PPoR occupants homeless for a period?

 

[redwing]

Great find by Ace on a similar theme, some nice before and after shots on that site also

I did see this in The Age Article

They

1. Assess your property
2. Manage the planning & permit process
3. Manage the subdivision and oversee the construction process
4. Sell the property

 

[Reno Funders]

This Is a good point, what does happen to the vendors while you are tearing out kitchens, bathrooms, walls, demolishing the house? Do you put them up in a rental, hotel, a tent? Or is it up to the vendor to find and possibly pay for alternative accommodation?
Or do they live in whilst the renovation/demolition happens

All costings are equated into a job. If it is viable, its done. All the basic procedures are made as per any major reno.

The fact is, this service we offer, doesnt yet exist.
Thats why even people on here, are searching google to even find anything like it.
If you already knew of such a service, you would have mentioned them off the top of your head.
NOW you CAN mention it off the top of your head.
Reno Funders

 

[JenJen]

I have read this very long thread with interest, and still have a few unanswered questions, despite the fact that some have already been asked. If you could shed some light, on the following, that would be appreciated.

Your envisaged post-reno target market, that wouldn't happen to be cashed up Chinese investors or similar would it?
Also, you imply that you have one big investor, but haven't given any more details. Can you shed some light?
Thirdly, can you please give some more detail telling us who you actually are? You have told us who you are not, and hinted at your background but that's it.
From what you have written, and the way in which you write, I feel there is more than meets the eye, and the gaps in the information, and repetition in your posts actually speak volumes. Why the beef with the banks? Have you personally found them to be a major obstacle or perhaps have friends who have? And if so, would you be willing to explain? Maybe you have a Profile you could refer people to...?

Thanks

Jen

 

[china]

All costings are equated into a job. If it is viable, its done. All the basic procedures are made as per any major reno.

The fact is, this service we offer, doesnt yet exist.
Thats why even people on here, are searching google to even find anything like it.
If you already knew of such a service, you would have mentioned them off the top of your head.
NOW you CAN mention it off the top of your head.
Reno Funders

Thats a very valid point. It is fairly unique. You had best push forward with a launch date, copyright the tradename, make a motza and then get out before imitators can come.

 

[china]

Your envisaged post-reno target market, that wouldn't happen to be cashed up Chinese investors or similar would it?
The cashed up Chinese are not really interested in these small jobs. They are much more interested in multi-million properties which would not be the target market for reno funder.

Also, you imply that you have one big investor, but haven't given any more details. Can you shed some light?

This would be very useful information. If the "investor" was the Commonwealth Bank, this would give much more credibility to the whole venture.


Thirdly, can you please give some more detail telling us who you actually are? You have told us who you are not, and hinted at your background but that's it.
From what you have written, and the way in which you write, I feel there is more than meets the eye, and the gaps in the information, and repetition in your posts actually speak volumes.
I guess it is the idea which is most important. As long as he is not a convicted criminal or someone with a long history of property scams, then I am not sure of the relevance of a detailed biography or his age.
Thanks

Jen

So, overall, we need more info.

 

[see_change]

Banks? I dont know anyone who likes them.

.

I like them . They lend me money to buy properties that otherwise I couldn't afford to buy.

What's the problem with that ?

Again all we're hearing is emotive hype .

Cliff

 

[geoffw]

RF, if you want to discuss banks and what nurses get paid, please start a separate thread.

Please keep on topic on this thread.

 

[Reno Funders]

We do give money. To renovation companies. Thats the funding part.
We work intricately with the best renovation companies to help maximise a vendors property.
Term "giving", is because we are acting on behalf of the vendor, to fund what they otherwise cant afford, which is many Australians.
Most Australians cant afford to get more loans from banks, and banks even often decline anyway.

Since 2010, banks really starting stamping out renovation loans.
Banks arent intricately involved in the renovation anyway.
There is where our service and product greatly differs.
We are involved with Pre Renovation, Renovation, Sale, and Post Sale. United with agent, vendor and renovation company, to achieve optimal results.

See article below.

http://www.news.com.au/money/proper...renovation-funds/story-e6frfmd0-1225911244853

 

[Aaron_C]

That article is misleading. Bridging loans are not favoured by banks because they are a pain in the ***. Lots of paperwork, for a loan that is going to be the same as before.

 

[scha9799]

It is not a brand new concept, ask anyone done VF before, it's just a handyman special and sandwich deal. Any many investor doing VF understand it.


What I interested to know is what RF's investment background ?


Please you can kindly tell a bit more about your story in property investment.

 

[turk]

We do give money. To renovation companies. Thats the funding part.
We work intricately with the best renovation companies to help maximise a vendors property.
Term "giving", is because we are acting on behalf of the vendor, to fund what they otherwise cant afford, which is many Australians.
Most Australians cant afford to get more loans from banks, and banks even often decline anyway.

Since 2010, banks really starting stamping out renovation loans.
Banks arent intricately involved in the renovation anyway.
There is where our service and product greatly differs.
We are involved with Pre Renovation, Renovation, Sale, and Post Sale. United with agent, vendor and renovation company, to achieve optimal results.

See article below.

http://www.news.com.au/money/proper...renovation-funds/story-e6frfmd0-1225911244853

Once again, You don't "give" money to renovation companies you purchase their services.

If you seriously think you are giving money away why not give it to the poor nurses.

 

[Reno Funders]

It is not a brand new concept, ask anyone done VF before, it's just a handyman special and sandwich deal. Any many investor doing VF understand it.


What I interested to know is what RF's investment background ?


Please you can kindly tell a bit more about your story in property investment.

Quote mainstream business link that offers exactly what we offer please??

doesnt exist, thats why everyone on here is googling frantically to even find such a thing.
If you knew, you would name business off top of your head

 

[Ace in the Hole]

Reno Funders, can you at least register your business name to make it look like you are serious about this?
All talk and no action achieves little.

 

[Reno Funders]

Quote mainstream business link that offers exactly what we offer please??

doesnt exist, thats why everyone on here is googling frantically to even find such a thing.
If you knew, you would name business off top of your head

 

[handyandy]

Quote mainstream business link that offers exactly what we offer please??

doesnt exist, thats why everyone on here is googling frantically to even find such a thing.
If you knew, you would name business off top of your head

You seem to be having a problem you keep posting the same thing.

 

[pinkboy]

It is not a brand new concept, ask anyone done VF before, it's just a handyman special and sandwich deal. Any many investor doing VF understand it.


What I interested to know is what RF's investment background ?


Please you can kindly tell a bit more about your story in property investment.

There is no story to tell - he only knows the 'theory' of property, and not very much at that.

I on the other hand, know the theory of brain surgery....Im thinking of a backyard start-up scam.....anyone want in? $0 upfront for 50% share!


pinkboy

 

[Reno Funders]

You seem to be having a problem you keep posting the same thing.

we await an answer

Quote mainstream business link that offers exactly what we offer please??

doesnt exist, thats why everyone on here is googling frantically to even find such a thing.
If you knew, you would name business off top of your head