Renovation Update #7 – Flat chat!

Renovation project


Renovation really is an active property investing strategy and we have been flat chat!

I’m well overdue for a renovation update but a few things have been getting in the way – namely – renovation!
We have been absolutely flat chat in an effort to get this reno finished ahead of schedule to fit in with…well….our holidays! Things are really coming down to the wire as we try to complete this renovation 6 weeks ahead of schedule! Not too much to ask, surely!

Now I did shoot some video last week to post but alas, forgot the tripod and when I played it back I was a little concerned that it would make everyone seasick watching it!!

The video is a bit ‘rough and ready’ so I apologize for the quality, but hey, that’s life sometimes – a bit rough and ready!!

The renovation project is really coming along – and even in the week that has passed since I took this video things have already changed massively!!

I’m about to head down to the reno house for 3 full days and nights of work! Speak to you soon!

http://www.youtube.com/watch?v=IOEyCquLr-U

Comments

  1. Toni-Ann Roehrig says:

    Hi there

    I know that you did your renovation as a joint venture with mastermind Jo!

    I was wondering if you could suggest the best structure when doing a joint venture on a Reno if one person has the money and no time and the other has time and the reno budget money? How do you split the profit – half / half???

    Your reno looks fantastic!!

    Thanks

    • Hi Tori-Ann

      Thanks for your comment.
      Setting up a JV doesn’t necessarily have set rules, it’s whatever the members of the JV are happy with.
      In our case for our most recent reno, Jo funded the purchase, I funded the reno, we both funded holding costs, I managed the reno, Jo did around 20 days onsite working on it and I did around 60 days onsite and we split the profits 50/50. This was just how we did it but you can work out whatever works for you!
      As far as structures – there are different ways to do it but for our purposes we setup a trust structure.

      Cheers

      Kaz

Speak Your Mind

*