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Deal two in my millionaire goals.

June 18th, 2009




Just going to give you a little diary entry on the second deal. On the weekend i went up to my mums to see if there we’re any adds in the paper for a garage sale or clearance sale to look for things for a unit renovation. I could not find any. I wined at mum “what am i going to do now!!”. Mum passed the paper over and said go for a drive out and have a look at this property and pointed out an advertised cottage in the paper going for a very affordable price. I gave it a little thought and ummed and erred then we got in the car drove out to have a look. To cut a long story short the numbers stacked and i could add value via renovation, built in equity on purchase day and positive cahsflow from day one of about $50 per week. My negotiations could not get the price down any lower. They wanted the price they were asking and had people hovering around the deal on the day offering. I thought to myself the asking price was good deal anyway. In something i read from Steve McKnights book at the split second when i needed something to get this deal across the line. I remember it saying, “don’t look a gift-horse in the mouth”. I called instantly adrenalin flowing and put the offing in right on the full asking price. I couldn’t go wrong. “It’s what the vedor wanted”. The agent called later and confirmed the offer was accepted.  if your young and don’t know always remember, “Mum’s know what’s best!”

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Building a house or cubby hut project

January 26th, 2009

I began my development career by first learning how to build a house doing a three month Tafe coarse as Shepparton, Victoria.

The coarse takes you through Australian standards on how to build a house. With a mix of classroom theory and tests given along the way as well as the construction of a Cubby Hut.

When i get talking to people about my experiences i tell them i built a Cubby Hut first and it usually brings a smile to there face or they begin to laugh. But all jokes aside this teach’s you lot’s of stuff that you can use in the real world of renovations and developments. It stands for one year (the first year) of a builders apprenticeship.

My uploader didn’t work so i will get the photos in here some other time!

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