Theodore Collette · Australian Property Investor · Theodor Collett on Why Staying Focused Is the Key to Success
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Formed a joint-venture renovation project where the builder and investors were paid only after the property was sold
“We are talking about a joint venture ... would allow us to essentially not only do one-off deals ... but potentially do a pipeline of projects with them, where there's ownership and skin in the game”
“Once we've purchased for people, we've also got a project management service that can also manage that entire renovation process... and we've also got the property management side of it as well”
“Go revalue your property, lock in that equity, get it on an interest only loan ... you can reset the interest only term after five years ... that locks in 10 years, a full decade, of access.”
“There was already a WhatsApp group chat of investors that had like 40 investors at the time. They were sharing tips about like realtors, property managers, contractors, and stuff like that.”
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