Tag: a

How To Build A Greenhouse – D.I.Y. At Bunnings

A greenhouse doesn't have to be bucketloadsof cash.

We're gonna make a simple one that you canmove around, and it's gonna have plenty of room in it for all your plants.

We're gonna take your garden area from this.

Tothis.

The good thing about a greenhouse is it cankeep you gardening all year around.

I'm gonna show you how to make a real easyone today.

These are all the tools and equipment thatwe're gonna need to build our greenhouse.

Just a few frames, a little bit of plastic.

If you're a keen gardener, you're gonna wantone of these.

I've got all of my timber pre-cut at Bunnings,and I've sectioned off and labeled all of my different components to make the buildeasy.

To make the base, get the hardwood sleepers,pre-drill and screw together with bugle screws.

To make the base for the floor, we are nowgonna add our timber, down to the bottom, leaving it flush on the floor.

That way you're gonna get a nice clean fit.

Once you have your framing, you can add joistsfor extra support.

This is going to provide the base for theflooring.

Now we have our sub-floor installed.

It's now time to flip it over and put on thecasters.

Use bugle screws.

There's no need to pre-drill, but make sureyou put the wheels with the stoppers on opposing corners.

To lay your floor, put your timber in ribside down, and layer that thirty-odd spacing to still allow for draining.

To make your frame, make the outer frame first,using the framing gun.

I know how big I want my door, so now I justhave to measure and put in my stud work.

Make sure you put in the second brace to allowfor the hinges.

So, that's our front frame made.

Now, let's go and make the door.

Make sure your noggins are flush to the frontof the door to attach your hinges.

To build this side, make a frame and put astud in the middle.

Repeat the process for the other two frames.

Once you've built your framework, it's timeto put the plastic on.

Wrap your frames in plastic, and fix it off.

Make sure you're wearing gloves, and makesure you attach the plastic to the inside of the frame so it looks nice from the outside.

So now we have all of our sides and our frontwrapped.

It's now time to attach the hinges.

Screw the hinges down to the side joists,and attach your pad bolt to the front.

Now the frame's almost finished.

Attach the frame to the base using bugle screws.

It's a little bit tricky, so you might needan extra pair of hands.

To affix the battens to your roof, arrangethem in descending sizes, so you get run-off on the back.

Transfer your measurements from your greenhouseonto some polycarbonate roofing, mark that with a bit of masking tape, and cut to size.

I'm using a metal blade on a medium settingon a jigsaw to allow for a clean cut.

I have measured mine out with a little bitof overhang at the front and at the back to allow rain to fall off.

The last thing we have to do is to attachour roof to our greenhouse.

We're gonna use some roofing screws to dothat.

Attach your screws into the crest of the corrogate.

You only need to do this every second one.

So, there you have it.

A fantastic little greenhouse.

Let's go and find a place for it in the backyard.

So, we have created our own nice, warm environmentfor all of our plants, turning your garden from this.

To this.

Singers: Bunnings Warehouse.

Source: Youtube

Greenhouse Growing: on a bench vs on the floor?

Basically there are various differences between growing on a greenhouse bench vs growing on the floor itself.

There are basically 3 things: one is drainage.

On the bench you get good drainage out of the plant material.

When you water the top, the water can run out of the bottom of the container.

On the floor it's tend to be more restricted so crops on the floor tend to stay wetter longer.

Second thing is temperature.

On a bench you can have the air actually go under the bench so it can warm the growing media up.

When it's on the floor, it tends to be colder especially in the winter months the growing media temperatures are colder.

So again you don't get that water usage it's easier to get root disease development.

Third thing that could be an issue with growing on the floor is sometimes you get imperfections in the floor itself, so you can get pockets of water that can wick water back up into the growing media which again adds to thing staying too wet.

Overall I would say that growing on a bench is better because you get better airflow, you can get the temperature warmer right next to the root system and it'll help dry out your growing media.

Source: Youtube

How do we know a tenant will pay rent? – Property Rant 021

Hey, guys.

Property Search.

ThinkGladfish.

I'm Brett Alegre-Wood and this is Property Rant.

So, how do we knowthat a tenant's going to pay the rent? And this is actually probably forbeginner investors because once you've had a few properties and you've had themfor a period of time and you've got.

everything's settled down, you realizethat actually it's very rare that things do go wrong.

And when theydo, if you've got a good agent, you address them, it's not an issue.

So,how do we know they're not going to pay the rent? The reality is we don't.

Wedon't control them, we don't control their lives, we don't control theircircumstances.

The best we can do is provide a property that has good, solidfundamentals.

Shops, schools, transport links, major employers and majorinvestments, you know, that's attractive to the tenant, that's well up kept, thatany problems are sorted out, and if we actually sort that out and we dealwith that stuff, then we're more likely to put ourselves in thebest position possible.

But that doesn't mean thatthey're not going to lose their job, they're not going toget pregnant, fall in love, break up, you know, like all the normallife things that happen that can cause financial strain.

So yes, we can dotenant referencing and we can do all that sort of stuff, but at the end of the day,you cannot control another person.

And you can do the best you possiblycan by getting a.

You know, the real key is getting a really good managingagent because the reality is in my experience of over 20 years is, whensomething's going wrong, it's often not just an isolated incident.

If theydon't pay their rent on time, you know, once, you might let them getaway with.

Second time, you know what? You better be ready to move them outbecause the reality is very rarely do they come back and they pay up and do all thatsort of stuff.

What you'll tend to find is lots of excuses and things like that.

And you can say, "Well, hold on.

But mine's an expensive property in agreat area and all that sort of stuff.

" Things still go wrong for people that livein those houses.

You know, we have just as many things go for expensive propertiesas we do for cheap properties.

Sure, cheap properties, you know, you canget into the housing association and things like that and they present theirown issues.

But if we're talking about vanilla lettings deals, if you like,which are normal mom and dads, families, that sort of stuff, stuffhappens.

You can only put yourself in the best position.

You cannot control theother person.

The important bit is when something does happen like they paythe rent late or they, you know, short pay it or whatever it is, that youhave a managing agent that gets on top of them, gets on top of it quickly and reallymanages that well.

And that is often the determination between having a real painin the arse, excuse the French, or just having a seamless, effortlessthing where yes, you may have to eject them, but you've got everything sorted,you've got everything in order and it just happens and it's in process.

And yeah, youmay have to try and collect some money off of them and you may lose somemoney, that does happen.

So, you can't control them, you know,but you've got to get over that and the reality is we're talking less than3% of the entire lettings.

And we've got over 1,250 properties thathave problems.

And that's any sort of problems from late payments through toactually delinquents through to major damage and things like that.

It's lessthan 3% of the time of the properties.

And obviously, some properties in morelower areas, yeah, that's when you have a lot more problems in those areas whenyou're dealing with a really low.

Low tenants, that's not right.

The low rentalfigures and low property prices because oftentimes, the spec of the propertyisn't as good and things like that.

So, it's not that the people areworse, it's oftentimes that the properties aren't up to the same spec, you know? Butalso, it can be that people down there struggle with money a lot more andthey're living on a more, you know, less than the margin.

Okay, guys,have a great day.

Live with passion.

Source: Youtube

Rent A House Or An Apartment In 3 Easy Steps

Hi my name is Edgar Mercado and in this videoI'm going to give you the three easy steps you need to take when looking to rent a houseor an apartment and save time, money, and headaches so.

Stay tuned! Step 1- find home or the apartment you'relooking for.

Searching websites such as rentals.

Com or zilllow.

Com provide you with a big listof homes or apartments that are for rent in your area.

The only bad thing about this isthat most of these websites are not updated often enough and therefore have a lot of outdatedinformation so you need to be patient and take some time to make phone calls and makesure that the home you like is still available.

Step number two is by far the most importantstep.

If you follow these steps it will save you time, money, and a lot of hassle.

Here'swhat you need to do: First, Obtain a copy of your most recent creditreport.

I know there are websites such as credit karma.

Com and others where you canget you a free copy of your credit report.

Just be sure that it is free and that youwill not get charged later down the road.

This way you can use this copy with everyone of the places you apply for a lease without being charged $25 or so for every time youdo.

Talking about your credit report, Please note that while you may or may not have anexcellent credit, it will not ultimately be the deciding factor to obtain the lease agreementsigned.

What landlord's and homeowners renting their property are looking in your creditreport is any previous evictions you may have on your record.

It may also be a good ideato have another person cosign with you but understand that if you fail to pay your renton time it will also affect the person that is cosigning for you.

Next, gather all your most recent paystub's as well as the history of your previous residenceduring the past 3 to 5 years.

Have at least 3 to 5 references of people that know youand can be called to be asked about you.

Finally, bringing and already filled out rentapplication and your checkbook.

I put A link to one you can download in the descriptionbelow.

By doing this are showing that you are prepared and you're not there to wasteanybody's time.

Step number three, be honest and willing tocompromise- When you find a rental you love, make sure“not to ask for any special concessions,” Many prospective renters make the mistakeof asking if the security deposit can be divided into payments over the first few months orif the rent could be lowered, or if they can be allowed to have pets when there is no petsallowed.

Considering that the landlord may have already been on the fence about acceptingyour application, asking for special circumstances may make him decide you’re too much of arisk.

“Ultimately,” it is the owner of the propertywho must decide if you are the best fit to live in his property.

So make it easy on yourselfand have all of the above ready and get out on the hunt.

I guarantee your applicationwill stand out from all the others because you are showing that you are prepared andready to moving in.

Thank you so much for watching! I appreciateit! If you like this video please be sure to like, comment, and subscribe to my channel4 more real estate related tips and as always "let's make home happen!.

Source: Youtube

How Do I Rent Out High Priced Properties? – Real Estate Investing

Joe: Hey everyone, it's Joe Crump.

I've gotanother question here.

Boy, I'm going to kill this name here — Rajav Guktah.

Hopefully,that's pretty close.

Rajav: "The challenge that I'm faced withis simply carrying costs.

Three or four years ago, you could virtually buy any propertyand rent it out for positive cash flow.

" Joe: I'm assuming you're meaning with 100%financing.

Rajav: "This was on account of two primaryfactors.

1) it was prior to the massive appreciation we've seen, and 2) interest rates were lower.

Large amounts of cash to use as down payments are not available to me.

The one investmentproperty that I do own, I purchased by leveraging equity in my primary residence.

The investmenthas done well but I'd like to be able to pick up some new things.

"Joe: Well, first of all, never borrow against your current property (the property you livein) to buy your investments.

Never ever do that.

There's no need to do that.

Don't takethat risk.

You can lose your property.

You can lose the house you're living in.

Peoplesay, 'Well, you've got to take some risks to do investing,' and I agree; you have to.

But you don't have to take that kind of risk.

Protect your house — protect the house thatyou live in.

That's the first order of business.

Joe: You also don't need to go get loans tobuy these properties, and you don't need to wait until you get your next chunk of moneybefore you can put down another down payment and buy another property.

That's just completelywrong thinking.

So don't buy properties that way.

Use creative financing to do it instead.

Joe: The way that you find people that will do creative financing is by using marketingthat works.

So use the right type of classified ads.

Use the right type of internet marketing.

Build lists of buyers.

Build lists of sellers.

Build lists of investors, and you'll be ableto use this stuff.

And by building a list, what I'm talking about is an online databaseof these people.

It's not difficult to do if you have the right software and the rightknowledge.

Joe: You just need to learn this process.

You can get all of this stuff from my "Push Button Method".

That's at PushButtonMethod.

Com.

You can learn how to build those systems and how to build those marketing tactics.

Joe: But even if you've got none of that stuff, you can put a sign out in the yard that says,'I'll buy your home.

' Or, 'I'll make a guaranteed offer on your home in 24 hours' and your phonenumber.

You'll put deals together using that if you put them in the right places.

Joe: Do it handwritten.

Do it on cardboard.

Do it on Coroplast.

Don't make them fancy.

Don't spend money on these signs.

These signs should cost you two bucks.

You can get a pieceof cardboard for 90 cents and you can get a couple of grape stakes or tomato stakesand staple them on there, get the yellow cardboard and write on there in black, 'I'll Make AnOffer On Your Home Today' and your phone number, or, 'Guaranteed Offer On Your Home In 24 Hours.

'Joe: These are great ads and they will work.

Make sure you put them into high traffic areas.

They won't stay up very long, but they'll work.

Joe: Now, there are a lot of other things that will work and that'll also be very effectiveif you get into some of these more advanced techniques that I teach.

Joe: Just get started.

Just do something.

Just take action on what you're doing andyou're going to make money.

Anyway, good luck to you and keep buying properties.

Don't letit stop you.

Joe: I don't think I answered the question,though, because you asked about the values going up.

When the values go up on a property,one of the things that you can do to sell that property is to sell it on a lease withan option to buy.

Now, instead of renting the property, you're selling it, so the buyertakes a whole new perspective from this property.

Joe: Let me give you an example of a propertyin California that I had.

This was back in the 80's actually.

It was $495,000 if I rememberright, and it had a payment on there, because the interest rates were very high at the time,of $4,300 a month.

Now, you can go rent a house like this for about 27-2800$ at thetime, and I had to figure out a way to get that payment covered, because I either hadto sell the property, and I had the problem of selling the property because the marketwas going soft on me, so I had to find a way to get that thing covered because at the timeI had the loan in my name.

That was crazy; that was a crazy time.

But I did it.

Joe: Anyway, so I had to get that payment covered.

So I went out and sold it on a leasewith an option to buy.

I told the guy, 'Look, you're making payments on this property thatcosts you $4,300 a month so you're going to need to make payments on this property thesame as if you were buying it.

And if you can't make that payment, you can't affordthis property.

' So he saw the logic to it, he bought the property, he's making $4,300payments, and he eventually exercised his option and took it over.

Source: Youtube

Renting vs. Buying a home | Housing | Finance & Capital Markets | Khan Academy

Welcome back.

I'm now going to take a slighttangent and cover a topic that, I think, this is probablythe single most important video that reallyanyone can watch.

I go to all of these partieswhere I go see family.

And my wife and I right now,we live in Northern California.

And we're renting.

And I like to pointout, by choice.

And I have family members,why don't you buy? You're at that stage inlife, that's a major milestone, all of this.

There's a lot of pressureto buy.

And when I tell friends,I tell them I'm not going to buy.

Because I think I'm prettyconvinced, almost 100% convinced, that housing pricesare going to revert back.

And I'm going to do a bunchof presentations to justify why they will.

But then my friends, they'lljust throw out the statement that I hear from them, thatyou hear from real estate agents, because obviouslythey want you to buy.

Well, isn't buying alwaysbetter than renting? And I think that kind of commonwisdom comes out of the notion of, when you have amortgage or when you borrow money to live in a house, everymonth that money that you give to the bank is kindof going into savings.

That's the perception.

While when you rent,that money's just disappearing into a vacuum.

In this video I'm going to workthrough that assumption, and see if that actuallyis the case.

So let's say I have a choice.

Let's say there aretwo houses.

This is house number one.

And this is house number two.

And let's say that they'reidentical houses.

These are three bedroom, twobath, townhouses some place in Silicon Valley, whichis where I live.

And I want to live inone of these houses.

I'm indifferent as to whichhouse I live in, because they are identical.

So living in them is theidentical experience.

I can rent this housefor $3,000 a month.

Or I could buy this housefor $1 million.

And let's say that in my bankaccount right now, let's say I have $250,000 cash.

So let's see what happensin either scenario.

Let's see how much moneyis being burned.

So in this scenariowhat happens? I'm renting.

So in a given year, let's justsee how much money comes out of my pocket.

So in a given yearI pay $3,000.

$3,000 times 12 months,so I lose $36,000.

So I'll put a negativethere, because that's what I spend in rent.

$36,000 per year in rent.

And then of course Ihave that $250,000.

I'm going to put that into thebank, because I have nothing else to do with it.

I didn't buy a house with it.

And let's say that I can,in the bank, let's say I put it in a CD.

And I get 4% on that.

So let's see, 250, that'swhat? $10,000, I think.

That's 0.

04.

Right, I get $10,000 in interesta year on that.

So I get $10,000.

So plus $10,000 a yearin interest.

So out of my pocket, for theprivilege of living in this house, in Silicon Valley, withbeautiful weather, out of my pocket every yeargoes $26,000.

So that's scenario one.

So what happens if I give into the peer pressure of family, and realtors, and themortgage industry, and I buy this house for $1 million? Well I only have $250,000, whichis more, frankly, than most people who buy $1 millionhouses have.

But I have $250,000 cash.

So I need to borrow $750,000.

So I take out a mortgagefor $750,000.

And I'm going to do a slightsimplification.

And maybe in a futurepresentation, I'll do kind of a more complicated one.

In a lot of mortgages, when youpay your monthly payment, most of your monthly payment,at least initially, is the interest on the amount thatyou're borrowing.

And you pay a little bitextra on that, to bring this value down.

That's called payingoff the principal.

You can also take aninterest-only loan, but the component of the interestis the same.

Essentially, when you take atraditional mortgage, kind of a 30-year fixed, every monthyou're paying a little bit more than the interest, justto take down the balance.

But for the simplicity of thisargument, I'm just going to say that we're doing aninterest-only mortgage.

And then maybe with anyextra savings, I can pay down the principal.

And that's the same notion.

And right now, if I do 25%down, and I'm buying a $1 million house, I'll have totake a $750,000 mortgage.

I don't know what agood rate is, 6%? So let's say at 6% interest.

Soto live in this house, how much am I paying justin interest? Well I'm paying $750,000times 6% a year.

So $750,000 times 0.

06 is equalto $45,000 in interest.

That's coming outof my pocket.

And of course, on a monthlybasis, that means in interest per month, I'm paying,just to get an idea.

I'm paying about $3,700, $3,800in interest a month.

My mortgage actually might besomething like $4,000 a month.

So I pay the interest.

And thenI pay a little bit to chip away at the wholevalue of the loan.

It takes 30 years to chipaway at the whole thing.

And over time, the interestcomponent becomes less, and the principal becomes more.

But for simplicity, this is theinterest that I'm paying.

$45,000 a year.

And then of course at a party,when I start to explain this, it's like, ah-ha.

But interest on a mortgageis tax deductible.

And what tax deductible means,is that this amount of money that I spend on intereston my mortgage, I can deduct from my taxes.

I can tell the IRS thatI make $45,000 less than I actually did.

So if I'm getting taxed at,let's say 30%, what is the actual cash savings? Well I'll save 30% of this.

I'll have to pay $15,000less in taxes.

How does that work? Well, think about it.

Let's say I earned $100,000in a year.

And I normally haveto pay 30%.

So I normally pay $30,000in taxes.

Right? This is, if I didn'thave this great tax shelter with this house.

Now I have this interestdeduction.

So now I tell the IRSthat I'm actually making $55,000 a year.

And let's say my taxrate is still 30%.

it actually will probably godown since I'm — but let's, just for simplicity, assume mytax rate is still $30,000.

So now I'm going to pay $16,500in taxes to the IRS.

So how much did Isave in taxes? So I saved $13,500 from taxes,from being able to deduct this $45,000 from my income.

So let's say tax savings,plus $13,500.

Now what else goes intothis equation? Do I get any intereston my $250,000? Well, no.

I had to use that as part of thedown payment on my house.

So I'm not gettinginterest there.

But what I do have todo is, I have to pay taxes on my property.

In California, out here we haveto pay 1.

25% in taxes, of the value of the house.

So what's 1.

25%? So, taxes, this isproperty tax.

And that's actually taxdeductible too, so it actually becomes more like 0.

75% or 1%.

So let's just say 1% justfor simplicity.

Property taxes.

So 1% times $1 million.

That equals what? 1% of $1 million isanother $10,000 a year in property taxes.

And notice, I'm not talkingabout what percent of my mortgage goes topay principal.

I'm just talking about moneythat's being burned by owning this house.

So what is the net effect? I have a $13,500 tax savings.

I have to pay $10,000 –actually I have to pay a little bit more than that, butwe're getting a little bit of income tax savings onthe deduction on the property taxes.

And then I actually have to paythe $45,000 of interest that just goes out the door.

So I'm paying $41,500.

Notice, none of this $41,500is building equity.

None of it is getting saved.

This is money that isjust being burned.

So this is a completelycomparable value to this $26,000.

So in this example — thisexample is not that far off from real values.

Out here in the Bay area, I canrent a $1 million house for about $3,000.

But in this situation I amburning, every year $41,500, where I could just rent the samehouse for $26,000 out of my pocket, when I adjustfor everything.

And then people a couple ofyears ago said, oh, but houses appreciate.

And that's what wouldmake it up.

But now you know, very recently– we know that that's not the case.

And in the next video, I'lldelve into this, and a little bit more.

I'll see you soon.

Source: Youtube

Real Estate: Buying, Selling & Renting : How to Rent Out a Home That You’re Trying to Sell

Hello.

My name is Penny Smith.

I'm a licensedreal estate broker in North Carolina, and today I'd like to talk to you about how torent out your home that you're trying to sell.

If you're selling your home, and you're doinga rental on it, I highly recommend that you do a rental that's a month to month.

If youdo rent your home as a lease, a twelve month lease or a six month lease, then the new homebuyers will have to honor that contractual contract and will have to keep those tenantsin place through the lease.

That's going to eliminate some buyers for you.

So if you doa month to month, then that contract, they can be given a thirty day notice and theyhave to vacate the property, depending on what the buyer's requirements are.

Or thebuyers can pick up that month to month, and keep them in the property if that's what theirintention is, is to buy investment property.

So it's my recommendation that if you do haveto rent the home during the time that you are trying to sell, that you certainly donot limit yourself with buyers by having a lease in place, but have a month to month.

And that's my recommendations on how to rent your home while you're trying to sell.

Thankyou.

Source: Youtube

Real Estate: Buying, Selling & Renting : How to Rent an Apartment or House

Hello, my name is Penny Smith.

I'm a NorthCarolina real estate broker.

Today I'd like to talk to you about how to rent a house oran apartment.

There's quite a process that you need to go through.

Once you find theproperty that you want to rent and you know that the price on that property is what youwant to pay, then you need to sign a contract.

If the owner doesn't already have preprintedcontracts then he may require an application as well.

And which you will have to providehim with your personal information so that he can do a search to make sure that you area suitable renter.

And then he will have to provide you with a contract.

He can buy thosecontracts at Office Depot or get them form his personal real estate agent.

In each caseit is his responsibility to provide them.

I highly recommend that you have someone toread over that contract to make sure it's in your best interest.

Whether that be a realestate attorney or a family member that you think has some experience with contracts.

Those are my recommendations on how to rent an apartment or house.

Thank you and I hopeyou have a good day.

Source: Youtube

Building & Renting Real Estate : Where to Find Houses for Rent on the Internet

Hello my name is Penny Smith and I'm a NorthCarolina Real estate broker.

I work for Live Oak Real Estate.

Live Oak Real Estate dotcom.

It's a great source for finding houses on the internet.

If you are looking to buy,sell or rent anything you can find it on the Internet.

Craigslist is a great site in whichyou can go and look and find an array of different things on the Internet for sale.

To includehomes, also to rent, to include houses and apartments and even yachts.

You can find ayacht to rent on the Internet.

There are a lot of properties and a lot of ways to searchthe Internet.

Go have fun and look, I know you'll find what you want and that is howyou search the Internet to find properties.

Thank you and I hope you have a good day.

Source: Youtube

Building & Renting Real Estate : Where to Find Houses for Rent on the Internet

Hello my name is Penny Smith and I'm a NorthCarolina Real estate broker.

I work for Live Oak Real Estate.

Live Oak Real Estate dotcom.

It's a great source for finding houses on the internet.

If you are looking to buy,sell or rent anything you can find it on the Internet.

Craigslist is a great site in whichyou can go and look and find an array of different things on the Internet for sale.

To includehomes, also to rent, to include houses and apartments and even yachts.

You can find ayacht to rent on the Internet.

There are a lot of properties and a lot of ways to searchthe Internet.

Go have fun and look, I know you'll find what you want and that is howyou search the Internet to find properties.

Thank you and I hope you have a good day.

Source: Youtube