TELECONFERENCE – PI.COM SEPTEMBER 2009
DEAN PARKER INTERVIEWED BY STEVE MCKNIGHT
| 01 – Tell us how you first got interested in real estate? |
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Keywords: Getting ahead, lifestyle, fast-track, making money, sacrifice
| 02 – Tell us about your first renovation |
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Keywords: 3 bedroom, 1 bathroom, mid way through renovation, task at a time, room at a time, cleaning up, not living in house while renovating
| 03 – How did you overcome the problem of lack of the confidence? |
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Keywords: Started small, part time, built knowledge and built own confidence with small deals
| 04 – What is your latest renovation? |
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Keywords: Block of 8 2 bedroom units, renovated outside only, renovating exterior only, close to centre of town, untidy, project management.
| 05 – What are some of the common mistakes people make when renovating? |
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Keywords: Eight step process, starting at step 5, educating self, target market, renovation costing, over budget, reno costs, end selling price, adding value, making money.
| 06 – Do you do any of the work yourself or do you hire contractors? |
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Keywords: Project manage, DIY, trades, outsourcing.
| 07 – How do you manage the renovation if you can’t be at the site yourself? |
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Keywords: Create time, unpaid leave, annual leave, coordination with trades. Steps in renovation process, reno cost, cash required.
| 08 – How does your money saving formula work? |
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Keywords: Quick analysis, quick deal analysis, all property costs,
| 09 – What type of property renovations do you like concentrating your attention on? |
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Keywords: Cosmetic renovations, minimal structural changes, low return items, no return items, electrical, plumbing, street appeal, private open space.
| 10 – How can you double your renovation profits? |
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Keywords: Education, prepare yourself, know what you want, project manage, time, money, area specialist, identify target market, reno costs, renovation budget, end selling price, valuations, real estate agents, inspections, furnished, 100% complete, profit.
| 11 – How do you identify a target market? |
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Keywords: Finding a property, free searches, RP Data, properties in area, different type of properties, enjoyment.
| 12 – Do you avoid any type of home construction? |
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Keywords: Profit, Brick veneer, fibro, cosmetic renovation, structural
| 13 – What would we do differently? |
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Keywords: Educate, adding value, profit, make money with renovations, apply over and over.
| 14 – Tell me about a deal that you didn’t buy but you should have? |
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Keywords: Fear, lack of education, system, numbers
| 15 – On average how much time is spent on a cosmetic renovation? |
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Keywords: Renovation process, settlement, 6 months, coordinating trades, research
| 16 – Ever lost money on a renovation? – No because you can get an end valuation? |
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Keywords: Valuations, fear, identify end selling price.
| 17 – Where can get a copy of the check list? |
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Keywords: Renovation Toolbox, The Complete Renovation System, education, manual, renovation steps, case studies, ideas, systems, checklists, profit. Sell with price and web link
