How about writing a book/ebook (in your spare time) about your experiences and or a guide to help newbies 
Property related ideas for making more money
- Thread starter westminster
- Start date
How about being a "property investment consultant" or mentor business? You sound like you have a lot of experience that most of us don't have. I usually prefer mentors who have "walked their talk" for many years.
Hi Myf,
I've been thinking along the same lines, even thought of starting up a property management business here in Hobart. But it sounds like too much work, too lazy for that lol! The other idea I've been toying with is self contained short stay accommodation. Buy/reno/rent out to holiday makers. My two cents
I had thought about this a long time ago but forgot about it as it was too hard when I had a job but it might be just the thing now. Thanks for the reminder!
How about writing a book/ebook (in your spare time) about your experiences and or a guide to help newbies
I wonder if there is any money to be made with this. I suppose it would go hand in hand with mentoring.
I think I'd like this I just don't know how to start it up.
I could be wrong but I don't think people would stay at Berriedale because of MONA. I think most would stay close to the city and it seems the MONA ferry is a popular way of getting there, even I would take the ferry and I'm not a tourist.
That's why if I were to go down this route I'd be looking at Battery Point or North Hobart, good bases for activities all year round.
I thought of one today - renovator / project manager, but targeted exclusively at interstate buyers. Interstate-only would be your specialty.
I have some friends buying interstate that won't consider buying anything other than new / near new / OTP cause they don't know anyone to help them with a fixer-upper.
I have some friends buying interstate that won't consider buying anything other than new / near new / OTP cause they don't know anyone to help them with a fixer-upper.
Hi, i think writing a book is your best bet, it wont tie you down like running accommodation would as you could just write whenever wherever you feel like it.
I also think theres a strong market for property investing books, make it in hard copy and an e book, perhaps set up a blog or website where people can pay (or not) for extra content. It could even be tailored content which could lead well to mentoring consulting etc in the future (no quals required like a Proj Mgr).
Personally i feel theres a lack of decent IP books as well, margaret lomas makes a new one every now and then but its like groundhog day when you read each new edition.
Another cool thing would be a compilation of successful investors storys (maybe the ppl from somersoft) with actual realistic and transparent data unlike whats often in the magazines.
Good luck cheers
I also think theres a strong market for property investing books, make it in hard copy and an e book, perhaps set up a blog or website where people can pay (or not) for extra content. It could even be tailored content which could lead well to mentoring consulting etc in the future (no quals required like a Proj Mgr).
Personally i feel theres a lack of decent IP books as well, margaret lomas makes a new one every now and then but its like groundhog day when you read each new edition.
Another cool thing would be a compilation of successful investors storys (maybe the ppl from somersoft) with actual realistic and transparent data unlike whats often in the magazines.
Good luck cheers
I went to a renovation seminar a while ago, there are services like this already that cater for investors and homeowners. I haven't used the service myself.
http://www.transformationsau.com.au/about.html
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Teach me please
... in all my years of investing I think last year I had the worst case of bad PM/tenants in that order.Hi WM
Unfortunately the down side is you need huge volume to make decent $ if you go down mentoring or BA and then you have another day job, commitment etc. is that what you really want?? Perhaps you could be making more money from just taking on another profitable development, even a JV if you are cash strapped and you are selling your knowledge and your JV partner throwing in the cash.
I like S McK model LVR big time, where he is the educator, puts together manual and on-sell to many via seminars, sties etc, less work and more money.
With your knowledge and enthusiasm I think you will be flying whatever road you choose
Cheers
MTR
Unfortunately the down side is you need huge volume to make decent $ if you go down mentoring or BA and then you have another day job, commitment etc. is that what you really want?? Perhaps you could be making more money from just taking on another profitable development, even a JV if you are cash strapped and you are selling your knowledge and your JV partner throwing in the cash.
I like S McK model LVR big time, where he is the educator, puts together manual and on-sell to many via seminars, sties etc, less work and more money.
With your knowledge and enthusiasm I think you will be flying whatever road you choose
Cheers
MTR
Yes you're right - I don't want another 'job'.
I do want to do something though to grow my own skills and help others.
I do want to do something though to grow my own skills and help others.
I've got it...
The bloke that drives around collecting scrap steel before council clean up gets to it... Ok sounds lame so far... But as you get around you'll see what work is going on renos, developments, maybe drug lab then you can drop off a business card for handy man/jack of trades type work - cash of course so you don't need any fancy"tickets" or even assistance to developers or people that may be struggling with renos.
That's my dream anyway... A bloke was doing something similar when we were renovating, came to collect some scrap steel I left out then had a chat with me. He said he could do pretty much anything, all while knocking of in time to pick the kids up from school! His wife had the"proper"to appease the tax man
The bloke that drives around collecting scrap steel before council clean up gets to it... Ok sounds lame so far... But as you get around you'll see what work is going on renos, developments, maybe drug lab then you can drop off a business card for handy man/jack of trades type work - cash of course so you don't need any fancy"tickets" or even assistance to developers or people that may be struggling with renos.
That's my dream anyway... A bloke was doing something similar when we were renovating, came to collect some scrap steel I left out then had a chat with me. He said he could do pretty much anything, all while knocking of in time to pick the kids up from school! His wife had the"proper"to appease the tax man
...go on The Block
Oh to have a million tradies at my beck and call and the drama!! I do love some of their ideas though.
I think this is a good idea. Strategy sessions really help some people.
So an update to this is that I have my first client.
I'm giving development mentoring/assistance to a Perth member on here for their first development. As they have already purchased their land I'm helping them from DA process forwards.
I'm giving development mentoring/assistance to a Perth member on here for their first development. As they have already purchased their land I'm helping them from DA process forwards.
They are doing a triplex.
