Welcome to MillionaireProperty Makers

Hi and welcome to our first newsletter for 2013. We hope you had time for a break over Christmas and New Year.

2013 will be a very exciting time for Millionaire Property Makers as we split our time planning our workshops for the year, working our clients on their financial freedom plans, and of course, researching the real estate market and watching for new opportunities.

We hope you love the articles and information in this month’s newsletter

To your financial future

Steve & Manuel

THE PROPERTY

JANUARY 2013 GA

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Millionaire Property Makers, Suite 7/176 Main Street, Osborne Park WA 6017. Ph: (08) 9207 5600 www.MillionairePropertyMakers.com.au info@MillionairePropertyMakers.com.au

WINA New

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Before you rush online and start researching investment properties; workshop the newest investment theories over a beer and a BBQ; read the latest property success in your favourite mag; or attend the next property ‘pitch fest’ disguised as an information evening, we’d like to remind you of the investment fundamentals none of us should never forget - regardless of whether we are buying our first or fiftieth investment property. Here we go:

Jumping in the deep end is a dangerous learn to swim strategy and the same goes for property investment. Understanding how the property market works and being able to recognise an opportunity that fits your strategy is the key to sleeping soundly at night while building financial independence.

While it’s great to have a vision of where you want to be financially in the future, you need a plan and the ability to track how the plan is progressing. Just as an auto-pilot is constantly readjusting the course of a plane, you too need to know when you need to make the small adjustments to stay on track for your end-goal.

Once you have your target you will be thinking like an investor and seeing opportunities everywhere. The key is to keep your target in mind and filter every opportunity with the question ‘Will this help me reach my target without financial or personal stress?’

If you were serious about a sport, you would invest time in learning the rules and when the rules get too complex you’d call in the referee. The same goes with property investment. Engage professionals to learn the rules from, and get help when the rules start to create doubt and uncertainty.

Current and proposed council zoning can present opportunities for sub-division and accelerated capital growth. Land rezoned for a higher density of housing can leap in value overnight and present well-educated investors with opportunities to reap huge gains.

Property Investment 101: Building the Foundations of Financial Freedom

1Investment Education Comes First

2Know Your Target and How You’re Tracking

3Invest With Your Head and Never Your Heart

4 Know the Rules of the Game

5 Playing the Zones

Part 1

Millionaire Property Makers, Suite 7/176 Main Street, Osborne Park WA 6017. Ph: (08) 9207 5600www.MillionairePropertyMakers.com.au info@MillionairePropertyMakers.com.au

If your budget doesn’t extend to a team of tradesmen and landscapers to help prepare your property for sale, here are a few tips and tricks that can make an enormous difference when it comes time to sell your property.

Home Selling on a Budget Starts With the Exterior

First impressions count. That’s why your yard needs to be inviting. Trim back the bushes and trees, especially if they block views from the windows and make your home difficult to see from the street. Here are a few curb-side tips:

A Keep the lawn mowed, preferably on the diagonal.

A Plant yellow flowers such as marigolds along the walk or by the front door. The colour yellow sells.

A Wash the exterior windows.

A Paint or replace the front door and buy new hardware.

A Hose down the house to get rid of dirt and cobwebs.

A Buy a new welcome mat for the front steps.

A Wash or replace a front porch light fixture.

Updating the Kitchen on a Budget

Kitchens are the most important room in the house. It’s the heart and soul of the home. Even if a buyer is not much of a cook, the kitchen is still where family and friends tend to gather.

A If new bench tops are out of your budget, consider either re-grouting tiles, which is surprisingly cost effective and makes the kitchen appear clean and new.

A Buy new knobs and / or handles for cupboard doors. If you have 40 or so knobs on your kitchen cabinet, at a cost of about $5 per knob, your total outlay for new hardware will be about $200. New hardware will transform the appearance of your cupboards.

Painting the InteriorProfessional painters will probably charge you anywhere from $300 to $500 to paint each room, but with a little patience, you can paint the rooms yourself. This is not the time to get creative.

A Choose a soft off-white colour (never white), and paint every room the same colour.

A The painting will go faster if you paint the ceilings the same colour, but ceilings really stand out if they are a lighter colour than the colour of the walls. Lighter colours also make the ceilings appear higher.

Freshening Bathrooms on a Budget

If you have wallpaper in the bathroom, it’s most likely peeling and should be removed. You can rent a steamer to remove the wallpaper or strip it yourself.

A Consider replacing the toilet and vanity, especially if they are stained or particularly outdated.

A If the tub is stained, hire a professional to clean or refinish it.

A Replace water-stained shower doors or clean them with a lime dissolving detergent.

A Buy a new shower curtain and tie it back with ribbons.

A Hang fresh towels and lay down a new bath rug.

A Place scented candles near a basket of tightly rolled wash cloths to create a spa-like feel.

This month’s amazing home belongs to Joanne Ussery, of Benoit, Missouri who added a 727 extension to her home as part of renovations after an ice storm. It cost her $2,000 to buy the plane, $4,000 to move it to her lakeside lot, and about $24,000 to outfit it comfortably. Ussery did much of the renovation herself, and took advantage of the ample windows and storage bins, as well as lavatory. Ussery told reporters that she was mainly attracted to the idea due to the plane’s low cost and durability.

Preparing Your Home For Sale On a Budget

Home of the Month: First Class on the Right in the Lounge Room

Connect with us and stay up to date with the latest real estate news, views and happenings at ...

Millionaire Property Makers, Suite 7/176 Main Street, Osborne Park WA 6017. Ph: (08) 9207 5600www.MillionairePropertyMakers.com.au info@MillionairePropertyMakers.com.au

Copyright © 2012 Millionaire Property Makers Pty Ltd. Legal Notice and Disclaimer: This information is intended as a general reference. Results vary from individual to individual. No guarantee of results is given or implied.

Rick and Kerrie are thrilled that they will be able to pass this

knowledge to their children

Meet Ric and Kerrie Barker, pictured here with their children Jordan and Jasmine.

The Barkers have recently purchased their third investment property and are now building

a really strong wealth foundation. Kerrie says “they are still able to do all the things that a

young family wants to do and that is very important to them”. Ric and Kerrie now know

that building an investment property portfolio is not rocket science, it is just that we

weren’t taught this at school.

The Barkers are thrilled that they can pass this knowledge onto their children and ensure

that they can get a great start in life.

INVESTOR PROFILE Ric and Kerrie Barker

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