All Posts by Jo Vadillo

2 The Real Deal with Anthea and Robyn

The Real Deal ” Hidden Treasure! “

The real deal with Anthea and Robyn. In this month’s Member Spotlight Rachel Barnes will be interviewing Anthea and Robyn.
These two awesome ladies love to inspire, educate and network and they will be sharing with us a real deal that many would never have considered. 


Anthea  Greig started making money from property in 2008 with a corner block subdivision and renovation of the existing house. From there she has

  • Developed and sold house and land packages,
  • Renovated and on sold properties under a license to occupy.
  • Retrieved home owners from bank to foreclosure and supported a more humane relocation. 
  • Contracted and assigned properties for profit, both in joint ventures and solo. 
  • Developed 3-5 sites developments, Solid sites with development approvals.
  • Joint ventured development and managed rent by room houses. 


Robyn is a long time investor in property and she loves to do property development. Robyn loves the flexibility of property and she has a savvy knack  for finding deals! 

You can view Rachel's interview with these two amazing women here. 

Find out how these successful investors unearthed great deals and the experiences and knowledge gained along the way.

Buddy Buying Loans – How To Build Your Property Portfolio Faster

loans 2

 Building a property investment portfolio is a dream for many women seeking to achieve financial independence. However, getting your first loan under your belt can be challenging finance wise, but you do have options.

They say two heads are better than one. Have you considered pooling your resources to buy an investment property with a friend, business colleague or family member? Or maybe you have, but you’ve held back because you feared entangling yourself in a loan with someone else and what that might mean to your credit rating and financial status if it all went wrong.

Well hold back no more, as there are lenders in the market today who allow two borrowers to buy the one investment property utilising separate loans.

And the good news is – each borrower is separately responsible for their own loans.

These types of loans offer women who want to grow their investment portfolio the option to buddy up for success, by allowing them to split the cost of buying an investment property with someone else, while retaining individual control of their finances.

Consider the Benefits:

  • Pooling money could allow you to expand your property portfolio faster.
  • Allows you to borrow more funds than you could otherwise afford on your own.
  • You might be able to buy the property you want, in the location you want, rather than having to settle for a cheaper option.
  • Your credit rating is not affected by the actions of your co-owner.
  • Each borrower can decide on how they want to manage their loan own repayments.

Naturally as standard practice each borrower needs to show they can service the loan they are taking out, but this type of loan is certainly a great option. For example, say one borrower has a sizeable deposit and the other lacks deposit but has good serviceability. In this situation buying with a buddy could be a win-win for both parties.

However, in saying that there are things to be considered.

You should always buy with a like-minded person, someone with similar goals to yourself. And you need to make sure you feel confident that the other partner is financially secure enough to make their loan repayments.

With co-ownership it is also imperative that each party seeks out independent financial advice and a co-ownership agreement is in place before buying a property.

If it all goes wrong things can quickly turn into a nightmare, so it is important to protect your position. I recommend you speak to a solicitor and have an agreement drawn up that is specific to your needs and situation.

The agreement doesn’t have to be complex, but it will require you to have rules and agreements worked out in advance – this is crucial. For example, co-owners may agree that if one wishes to sell, the other co-owners have first right of refusal to buy their share.

Things to be considered might include:

  • The contribution of deposit and the cost of the investment property?
  • Should a sinking fund be set up to cover repairs?
  • How long will the property be held before selling it.
  • A plan to pay for unforeseen maintenance costs.
  • How various insurance issues will be managed?
  • Taxation/depreciation and capital gains tax issues clarified
  • On the sale to another co-owner, how will the sale price be determined?
  • Who determines the rent payable and the tenant?
  • Will either of the co-owners live in the property and on what basis?
  • How sale proceeds will be distributed and why a sale would take place?
  • How will disputes between owners be resolved?

Reading through this list gives you some idea of the things that need to be addressed. No doubt you and your solicitor will come up with many more which is why it is important to draw up your co-ownership agreement prior to purchasing. This way you can avoid any disputes down the track.

In regards to the finance and choosing the right loan for your co-ownership investment property, banks and lenders are continually altering their products, interest rate offerings and there’s always great deals to be found.

If you would like to discuss the right loan for your buddy buying journey or revise any of your existing investment loans just give me a call.

There is no doubt that when it comes to investing in property, knowledge is power. Whether you are new to property investing or purchasing subsequent investment properties, avoiding the common mistakes made by others will ensure you build a successful property portfolio.

Contact:         Tracy Kearey
Position:         Managing Director and Mortgage Specialist
Business:        Home Loan Connexion Pty Ltd
Mobile:           +61 (0) 417 738 469
Phone:            +61 (7) 240 4800
Email:             tkearey@homeloanconnexion.com.au
Web:               www.homeloanconnexion.com.au
LinkedIn:       https://www.linkedin.com/in/tracy-kearey-67631a22/

loans

 

Simple Ways to Add Value to Your Home?

Darren Wallis is the owner of Modern Solutions, a company that provides the services for the construction of stratco outback verandah and verandah designs. Your home is your life’s biggest investment. While maintenance for the same can go a long way, adding value to your property is equally important.

Outdoor living spaces are the best way to add value to your property. This is because it is a new addition and not just a remodeling of old parts of your home.

Having such a space added to your property can help price it at a higher level giving you a better price if you ever intend to sell it. Even if you don’t intend to sell it, investing in increasing your property will never be something you regret.

Like all redesigning decisions, adding an outdoor living space requires planning too. This includes choosing from a vast range of options. To make your decisions easier, here are a few ways you can add value to your property.

 

 

Modern Patio:

The number of residents in Melbourne that are choosing to invest in a patio is increasing as the days pass. There are also various new designs and structures that can help make any regular property look lavish and well invested in.

With additional features like bifold door and windows, roofing choices and retractable screens, modern patios are taking outdoor living to the next level.

Pergolas:

Pergolas are known to have slatted rooks that cover a patio-like structure while proving beneficial in its several features. These features include better shade, the better scope of lighting decorations and more greenery.

It also helps provide the comfort of an indoor living space while being situated outdoors. This is because it protects you from bugs and allows you to have beautiful curtains to make your living space livelier.

You can also opt for hanging flowers instead of lights or grow vines on this structure.

Gazebos:

Gazebos are similar in structure to patios; however, these can be used more extensively. Homeowners have been opting for Gazebo structures only to turn them into an outdoor lounging area, dining space, spa room, etc. A gazebo can also house your delicate plants or your coffee table and seating.

 

Landscaping or Gardening:

Choosing landscaping and gardening to add value to your home can be fruitful in resulting in an increase of 10-2o% of the same.

For those homeowners in Melbourne that love a green property, this option is ideal to delight your gardening senses. While you can enjoy the gardening part yourself, you will need to rope in a professional for expertise to get the best results and really increase the value of your home.

Proper installation is an essential part of landscaping and expert planning helps makes your expense worth it instead of turning out to be a waste.

 

Outdoor Kitchens:

While a lot of homeowners are indulging in outdoor dining spaces, the number of residents that are opting for outdoor kitchens is on a rise.

Such a construction revolutionizes the barbeque parties and takes away the need for an exhaust. This can also help your cooking experience be cooler and seem more interesting. Of course, this requires a proper set-up and facilities like electricity, gas, ice makers, burner, ovens, sink etc.

A table can also help keep your family and friends close and within hearing distance while you display your talents at small parties.

Outdoor screening room:

Imagine the amazing thrill of a cinematic experience outdoors. An outdoor screening room provides you with the same. These are also built to bear the extreme weathers of Melbourne, Australia which means that you can enjoy this experience all year round without having the hassle of removing the set up during the winters or monsoon. It is important to get a good professional to help you get the best results that will be durable too.

Lighting Options:

Inducing lighting options into your outdoor living space can make your outdoor living experience one that is brighter and more exciting. It also helps upgrade the aesthetic aspects of your outdoors.

While lighting can seem exciting it is important not to light up the place too much as it could be harsh on the eyes instead of creating a pleasant feel. Think about your decor and structure while selecting lighting and placements for the same.

Outdoor fireplace:

Take the adventurous feel of a bonfire and couple it with the comfort and peace of your indoors when you choose an outdoor fireplace. This can make some of the most boring family gathering a load of fun. It can also help you enjoy your outdoor living experience even during the harsh winters.

Counting the stars while reminiscing old memories with a cup of coffee can never get more exciting than at an outdoor fireplace.

Swimming Pools:

Adding an outdoor swimming pool or spa can help intensify the relaxation of your experience. You can also opt for a heating system that makes this addition usable even during the winters. This also takes your properties aesthetic rating to a much higher level.

Choose from these outdoor living space options to add value to your home and invest your hard earned money in your life’s biggest and most durable investment.

Have a professional help you with creating the ideal outdoor living space. They can also give you the best advice for your property and can give you better results by building structures that enhance your property and don’t stand out absurdly.

 

When Your Love of Property Becomes A Career

Belinda Wolrych

 

In most capital cities, it is very common to find a property professionally styled. The open homes always portray a lot of jooshed* up cushions.

Looking back, not too long ago, this type of service was really reserved for the most elite of households that would indulge in such a ‘luxury’ for their property. Usually the stylist would be tinkering with existing furnishings for the best effect.

Styling a home for sale is not just the domain of the wealthy anymore.

If you are looking to sell a property, it will sell faster and for more money if it is styled beautifully.

I am not even talking a total makeover. Simply having an outsider stylist’s eye on your home can introduce plenty of small additions (or subtractions) that can equate to some big wins for you as a vendor.

Humans are very visual and you want the wow factor when selling a property. You only get one chance of wowing a buyer. Look at all the makeover shows on TV where the before and afters leave the homeowner in tears and a dropped-jaw.

You want that effect for a buyer!

Property styling is a great option for an unfurnished home too; it creates life and brings comfort to a space. If the room is an unusual shape, or too small, furniture will display to a buyer how you would use a room to its advantage.

My good pal Belinda Woolrych launched her own styling career in the past decade on the back of a love of property and quest to work around her young family and not return to corporate life.

Belinda’s story sounds very similar to many women I met who loved property so much they trail blazed into a career in this space. Imagine doing what you love every day!

She has transformed her own business in the ensuing years as well as many homes and had a big impact people’s lives in the process.

Her insightful journey and opportunity to help others do more of what they love have been translated into her second book, Inside Makeovers: How to Successfully Transform and Grow your Property Styling Business.

I was lucky enough to get Belinda to share her story for Property Women on this webinar located here. You can download it in your own time and hear her story.

More importantly take a peak into some of the before and after examples she shares in this 30 minute webinar.

*jooshed…the official term for when you fluff up a cushion, pillow or a ‘throw’ for maximum interior designing effect!

WEBINAR: 

Belinda Woolrych) is an Author, Speaker and the Founder of Papillon Styling & Renovations. She published her first book, Rightsize Your Home: The Empty Nester’s Guide for a Stress-Free Downsize, in 2014.

She has transformed her own business over the last decade, as well as many homes and people’s lives. Her insightful journey and opportunity to help others do more of what they love have been translated into her most recent book, Inside Makeovers: How to Successfully Transform and Grow your Property Styling Business.

For further information on how to get a copy of Belinda’s book visit:

https://book.papillonstyling.com.au/inside-makeovers-belinda-woolrych

Your Exclusive Invite to Belinda’s book launch in Sydney:

http://papillonstyling.com.au/inside-makeovers-the-exclusive-book-launch/

This Month’s Woman in Focus is Michelle Lewis.

This month’s Woman in Focus is Michelle Lewis, who wears a number of hats in life.

She is a busy mother of three small children who balances her time between her husband, children, and renovating properties.

She purchased her first smelly, dilapidated property from a woman who owned 22 cats, grabbed some bleach, eagerly started renovating, and never looked back. Michelle currently holds five investment properties and has completed six renovations.

In this 30 minute webinar, she will be sharing her experiences, lessons, victories and next steps!

Property Women’s Member Spotlight is brought to you by Rachel Barnes

Rachel is a professional investor, speaker and property mentor. She has co-authored 5 books on property and has been a much featured and sought after contributor in the media.

Her personal strategy has been investing in positively geared properties and as a regular speaker for Property Women audiences over the past 10 years, she now shares her experience and expertise to help others.

If you would like to find out how you can work directly with Rachel you can visit her site at www.rachelbarnes.com.au.

We would love to hear your property story too – please email media@propertywomen.com.au to register your interest. Your story might just be the inspiration another is needing today.

If you would like a copy of Rachel Barnes book Property Is a Girls Best Friend visit our shop for fast and free postage.

Lucinda Starr

February Member Spotlight is shining down on Lucinda Starr who wears a number of hats in life.

She is a keen traveler, property investor, busy mum to two teenage sons, runs an Airbnb on NSW mid-coast, works in a part-time capacity for not just one but three jobs!

In this 30 minute webinar, she will be sharing her experiences, lessons, victories and next steps!

Many of you have probably met Lucinda as she also has been the events manager of Property Women nearly a decade. Hope you enjoy her story.

Property Women’s Member Spotlight is brought to you by Rachel Barnes

Rachel is a professional investor, speaker and property mentor. She has co-authored 5 books on property and has been a much featured and sought after contributor in the media.

Her personal strategy has been investing in positively geared properties and as a regular speaker for Property Women audiences over the past 10 years, she now shares her experience and expertise to help others.

If you would like to find out how you can work directly with Rachel you can visit her site at www.rachelbarnes.com.au .

We would love to hear your property story too – please email media@propertywomen.com.au to register your interest. Your story might just be the inspiration another is needing today.

If you would like a copy of Rachel Barnes book Property Is a Girls Best Friend visit our shop for fast and free postage.

 

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