FiveCommon Misconceptions About Valuation.

Property art in there you’re going to have to do kitchen renovation bathroom renovation you know paint and carpet those sorts of things on the way so that will give you a greater understanding of the worth of a Renault when it comes time to go okay now understand completely I can do a kitchen and a bathroom and full rent  for X dollars because we’ve done it beforehand if I do that a possibly a plus B equals C you know it’s a profit so yeah and again the key on that stuff is you’ve got to know your numbers haven’t you and work out a worst-case scenarios exactly Thank You happen okay another strategy for a lot of people is buying off-the-plan so obviously you’re buying on.

A beautiful picture maybe buy today at five hundred grand in  or months it’s reality and it’s worth and you could almost get eighty percent finance and buy it for nothing yeah tell us about the pros and cons of that and the likelihood of that actually happening people go to the casino too but you know it’s uh it’s something that buying properties off the plane is not something that I’m an advocate of at all it’s something I’ve stayed clear of throughout my whole investing career the reason being is that you’re buying someones you know developers come into bought by Brisbane Property Valuers.

The game they’re going to build something in a cell with the glossy brochure and everyone’s getting a big massive kickback from it from a commission from the real estate agents whatever for selling that property I have bought countless bulk buyers of properties from developers where developers went bust bought properties half the money of what the original buyers are paid for it and it’s it’s something I’ve seen too much you know blood on them.