Dean Parker - Renovations
Date - August 2009
Time - 70 mins Approx
Interviewed By - Troy Harris
In this revealing 70 minute audio, Troy Harris from Active Property
network grills Dean Parker on how to make lump sum cash profits from
renovations. Troy asks Dean how he got started and takes questions via a
live webinar in August 2009. Listen to this audio to discover:
* How Dean finds out a property is for sale before an agent even has
a chance to ring him. After this tip was recorded some people
immediately wrote in that that tip alone was a GOLD!
| 01 - Tell us why you made the decision to take control of your destiny and become fully time property investors instead of working in a job. |
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Getting started, investing, getting ahead, lifestyle, fast track, making money, sacrifice, renting, education, Steve McKnight, Hot Property, Hondyman Magazine, The Complete Renovation System, Renovation Toolbox
| 02 – How long did your first reno take, and what did you learn from it? |
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Keywords: First renovation, 3 bedroom, 1 bathroom, tiles, mess, cleaning, task at a time, room at a time, living in house while renovating, time
| 03 – First joint venture deal was with our neighbors, how did it come about? |
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Keywords: Reports, confidence, renovation budget, renovation numbers, renovation costing, common goal, JV partners, joint venture, Renovation Costing Tool
| 04 - Using money partners and joint ventures to finance deals, what worked and what didn't? What is important in a joint venture or money partner? |
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Keywords: Rates, security, cash back, professional, JV partners, joint venture, money partners, reports, confidence, renovation budget, renovation numbers, Renovation Costing Tool
| 05 – What are the main aspects when you look for a reno to add more in perceived value? |
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Keywords: Cosmetic renovations, low return items, no return items, guttering, fencing, electrical, plumbing, adding value, minimal structural changes, street appeal, private open space, foundations, value
| 06 - What rooms / areas do you renovate that add the most value & what renovations would you recommend to someone who has no experience? |
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Keywords: Renovation process, dealing with trades, understanding the renovation numbers, valuations, cosmetic renovations, advanced renovations, private open space, trade tasks list, renovation budget, adding value
| 07 – What are the biggest mistakes that people make when renovating? |
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Keywords: Eight steps, starting at step 5 the buy stage, renovation budget, end selling price, over renovation budget, valuations, appraisals, target market, renovation mistakes
| 08 – Why are systems so important to property investing? |
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Keywords: Systems, avoid mistakes, grow business, efficiency, make life easier, checklists, The Complete Renovation System
| 09 - What property calculators do you use? |
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Keywords: Calculators, quick deal analysis, end selling price, purchase price, cosmetic renovations, advanced renovations, filter deals, cash required, profit, quick cash analysis, efficiency, renovation costs
| 10 – How important is being aware of every possible renovation cost? |
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Keywords: Renovation costs, avoid mistakes, full costing, quotes, profit, due diligence, system, checklist, Renovation Costing Tool, The Complete Renovation System, confidence
| 11 – Do you have a system to organize trades? |
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Keywords: Checklists, trade task list, filters, trades, property, tasks, organized, renovation process checklist, The Complete Renovation System
| 12 – How do you recommend obtaining services at a reasonable price and also the site management of the renovation while working full time? |
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Keywords: Relationships, project manager, project management, create time, annual leave, part time, seen on site, phone, working full time
| 13 – Do you recommend working with a mortgage broker or with a banker? |
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Keywords: Relationship, personal banker, business banker, bank packages, annual fees, bank application fees, confidence, finance
| 14 – What are the administrative items that need to be done for a joint venture agreement? |
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Keywords: Solicitor, legal team, loan agreement, interest, loan particulars, contract, finance system, joint ventures, money partners, confidence, professional, win-win
| 15 – How do you find your property deals and are they always in the same areas? |
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Keywords: Agent relationship, area specialist, relationships, spotter fee, incentives, newspapers, real estate agents
| 16 –Tell us about a current project? |
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Keywords: Latest project, renovation, block of units, external renovation, render, location, presentation, untidy, project management, early access, tenants, valuation, profit, short settlement
| 17 – How have mentors helped you to achieve your goals and give back to people too? |
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Keywords: Steve McKnight, Dave Bradley, Kurek Ashley, Martin (Marty) Ayles, Brendan Nichols, professionals,
www.propertysystems.com.au, experts, education, mentors, experience
