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Renovation Know-How,Tips, Tricks, Traps-to-Avoid and Interviews, & examples you can follow to be successful at property. Always  a great read.

 
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News

Buying Off-Market
When the market is hot, it is often beneficial to try and buy “off market”.

It may mean you are the only offer the seller is considering, or at the very least it should only be you and a maximum of a few others, instead of the 10 you can get from a great deal that finds its way onto real estate websites.
 
Top 7 Tips
Good things come in three’s; the three musketeers, the three stooges and the three Reno Kings!

This is an old subject, but it never seems to go away. Constantly we asked the same question, “Can you still make money doing renovations?” and the answer is simply, yes!
 
A Day in the Life of Geoff Doidge
Ever wondered how a Reno King spends their day managing a $20M property portfolio, with an annual rental income of $1.1M?

Here’s a glance at one of Geoff’s days across all areas of his life…
 
The Great Bedroom Hunt
At a past workshop clients were discovering areas for bedrooms and even better…space for Paul’s amazing ‘pencil ensuite’.

Even Geoff was caught up in the "Bedroom Hunt”.
 
Best Reno Bangs to make big bucks
1: How do you avoid spending too much on a reno?

Geoff: Your reno risk management starts right at the very beginning of the project… I mean, even before you buy the property!

You must be able to recognise the difference of a Gold-field from a Mine-field.
 
Announcing two Brand New Workshops for 2016
The Reno Kings are back and are holding their  first workshops in 2 years , coming up this February 2016.

Each of these  intimate workshops only have 27 spots available, so be quick.. so you don't miss out on spending the day with The Reno Kings!
 
More, More, More!
Giscard and Valentina are avid students of the Reno Kings and achieved fantastic results applying a number of their strategies.

Their existing character home contained 2 bedrooms and 1 bathroom and a front enclosed verandah.

They transformed the house with a cosmetic renovation into a 3 bed, 2 bath plus study home.
 
Time is not always on your side!
This property we look at makes you think hmmmmmm!

We have a nice single story property which is purchased at a fair price to be bulldozed down and another single story property is constructed.

As previously mentioned, PPOR’s don’t always follow the conventional rules for the property investor.
 
1 + 1 = 3
The Reno Kings are Masters at realignment i.e. moving the boundary to make one block bigger and keeping one of the homes.
This deal was different.

The original home was demolished and realignment completed to reveal two allotments.
The 604m2 parcel of land allowed a new home to be constructed and when completed was presented to the public via auction.
 
Strategy: LAND! They are not making it anymore
Close to Paul Eslick’s PPOR (principal place of residence), oodles of cash has been splashed on buying waterfront properties, only for the existing Taj Mahal to be demolished for the new, better and bigger Taj Mahal to be built.

What the? A savvy Investor knocking down one house to build two houses, makes sense, and it makes ‘emotional’ sense to knock down one to build one if it’s your PPOR.

But …according to Paul a few of these demolished properties were in much better condition than his own home, so what the hell is going on??
 
What our clients are doing...
The property was purchased in 2014 with the assistance of Justin Eslick from Investigate Property. 608sqm zoned LMR2 in a nice character area in Newmarket. Utilizing our A-Team, we receive Development Approval in January 2015, even though setbacks were not strictly compliant. The DA was for retention of the Queenslander home and two new townhouses in the backyard.

In July/August 2015 a major boundary retaining wall was installed, which was necessary to give us room for vehicle movements.
 
Geoff's New Farm Backyard Bliss
Way back when I used to work for a living, I bought 2 little houses in a run-down suburb called New Farm.
It had 2 things that I knew would guarantee I would make money.
Those 2 things were kilometres’! It was just two kilometres from the CBD.
 
Inner city acreage
When you’re on a good thing you stick to it and the boys were back at it in Kangaroo Point.

They picked a recently built, solid tilt up slab construction,  three level residence with ‘acreage’ in the backyard of around 300 square meters … you know the science for inner city acreage by now.
 
A 'no brainer'
A few years back Geoff and Paul picked up a good deal in Teneriffe, basically a large boarding house for exactly the same price as the Government land valuation at $460k.

Now this is a ‘no brainer’. You get the building for free and a huge piece of dirt 3k’s from the Brisbane CBD on the northern side in a once crappy and now booming area called Teneriffe!
 
$693k profit and rising
Paul’s backyard beauty was purchased in East Brisbane on a busy street for $337k. It was not a large parcel of land by any means just 531 sq met. The house was leaning quite substantially to one side, although the bones of the home were good.

After a bit of grunting and groaning by a builder with a pulley and chain, these bones were straightened. Result? 
 
Plan Plan Plan
7 Easy ways to make sure your reno goes to plan.
 
What Everybody Ought to Know About Carpets in Rental Properties
From a landlords perspective what is the smartest and most cost effective way to maintain the existing carpets in your rental property?  Should you even have carpets in your rental property at all?
 
This May Sound Weird But it's Worth Doing
Okay, well maybe not the microscope, but if you keep these 10 things close at hand when you're researching a property you'll be a step ahead of the competition and in a strong position to reduce your risk considerably.
 
The Frightening Truth About Buying Property Without the Doing The Right Research First
How to Be Smart in a World of Failing Property Investors

 
Here is a Method That is Helping Property Owners Sell Faster
Selling your house is all about business - whether it's your own home or an investment property.  Use the recommendations here to ensure your property appeals, and sells as quickly as possible.
 

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