Hi,

I can also heartily recommend Results Mentoring. If you are serious you need to invest in yourself and doing this program will help you reach your goals.

It worked for me because I was ready and had resources to work with, so it just bridged the gap between doing a deal and doing a “good” deal. I know other members who are more aggressive…[Read more]

I know in my own personal case I found it easier to go back to the well when my properties were producing more cash than the interest payments. So, what can you do – target the highest yielding proprties which will make it easier to accelerate you portfolio growth down the track.

It all gets down to your own personal goals. My goal is to go for…[Read more]

The main question is what is the prurpose of your purchase?

We’re assuming you’re looking at this house as an IP. It’s a great area to live, close to Uni and transport etc.
It will always be in demand for those very same reasons.

Are you looking for yield? If so, look elsewhere. If you want growth perhaps you’re on a winner.

Is there anything…[Read more]

The answer depends on you.

Are you happy with the tenant? Do they pay the rent on time?

Is it easy to find a new tenant or is their a glut of properties.

I own several rentals, some local, some interstate, some overseas and I need to rely on the input of my rental manager on the ground.

Many of my tenants move on to month to month arrangements…[Read more]

I agree.
Very wise advice. I own serveral rental rpoerties that could easily fall into this description. I knew in advance that I might be buying cheap because there was some remedial worl to do. Or to put it another way, the previous owner couldn’t be stuffed doing it.
In the first year of ownership I spend more on outgoings than rental income,…[Read more]

I love ugly looking houses!

There I’ve said it. You can’t be afraid that that property you want to buy is not one you’d even “like” to live in. I own a handful that I most certainly would NOT want to live in.
However my goal when I purchased was to attain a positve cashflow so I could potentially buy more and more.
In my experience the homes that…[Read more]

Steve is the man. Follow his advice!

You have to find your own path though. I have had some success with shares (doing it the old fashioned way – Buy, it went up, I Sell!) and am now looking for cashflow positive property deals.

I have bought in Gold Coast and NZ in the past 24 months and the most expensive home I purchased was less than…[Read more]

Can’t help you on that property. Go back and ask youself “What is my goal? What retrun do I want? What is my exit strategy?”

In realation to BA I used one when purchasing a unit in Neutal Bay NSW. I’m in Melbourne, so that’s why it was attractivfe to have someome “hunting” for me who knew the lay of the land.

In the end it was a good purchase.…[Read more]

It’s good that you’re thinking about how to move forward!

I did a few things over my investing life that wer “borderlne” or tricky. Not necessarily by my own impetus, but becuase I was led to believed they were a “great opportunity” and so on.

I have learned that you have to stick well clear of the “line” and be on the side of the angels with…[Read more]

Bottom line is this. It’s better to spend a few thousand end get youself eduated. Do Steve’s apprenticeship or Results Mentoring.
Better to spend your money up front, in the opne, on coaching and teaching, rather than comission to sellers.

I spent some time 10 years ago looking into it and didn’t move forward. I have since spent $10k plu son…[Read more]

Not sure what the controversy is. You may or may not agree with all thet Neil Jenman has to say.
I spent some timne working for a Jenman agency in Melbourne’s East and came away convinced that the majority were involved becuase they wanted to make a bit of a difference and not rip people off or mislead them.

I’ve also had a fair bit to do with…[Read more]

This is a similar property to one I bought in my SMSF last year.

http://www.realestate.com.au/property-unit-qld-surfers+paradise-114193959
It may or not be cashflow positive depending on how much you want to put into it from an equity point of view.

Why did I personally like it?

Company title which meant low entry costs (yes there’s some grief…[Read more]

You can certainly sytart as SMSF with yor $50k. I did so some years ago with a similar amount. It simplk means you take control over your investment. It’s not for everyone, but anybody who wants to take responsibility for their own future and has some experience would find it beneficial to do, IMO.

I personally traded in stocks with an amount…[Read more]

Hello peeps! The fund is going great from what I can see. I invested early and it’s taken some time to find traction but looks like it’s about to reach a tipping point. If I had more spare cash I’d invest again in this fund right now!

Why am I posting this. Becuase the fund WILL close in the next 6 weeks. Please don’t come back in 2 months time…[Read more]

Getting back to your original question “Should I hold it or sell it?”
What was your plan when you were thinking about buying? Was it to increase value and rental return so you’d get a cashflow? Perhaps not if it’s costing you to hold it. Could you sell it and take a profit?

Steve often says “what else could I be doing with my money?” and that is…[Read more]

Did you take any action on your plans to invest in NZ Cunnin?

I have handful of properties on the North Isaland that are now bedded down and have been brought up to a reasonable maintenance level. I’m now looking forward to having to deal with making a cash profit each year. Nice problem to ohave to consider.

Cheers,

Dwight

Back to the original post – I fully agree, you need to have team in place, and invest time in finding and nurting said team.
I’ve bought a number of properties in NZ, and whilst it’s not particularly “foreign” to an Aussie, you need to have :
Accountant
Solicitor
Bank Manager
Property Manager

all in your sights and on the same page.
My ongoing…[Read more]

Hi Oranje,

I’ve bought a handful of investment properties in NZ over the past 2 years. Forget going to to Aussie banks. If you have the ability to service a loan and cash for a deposit it’s no different to being over here. You just need the normal documentation.
SOme NZ banks have an affiliation with local Aussie banks which would aid in setting…[Read more]

Hi Grace,

Have you had any success looking for deals in NZ?

I have bought properties in Rotorua with minimum pain having applied for finance directly to bank there.

I also looked in Wanganui which has a lot of cheaper homes that could also be positive cashflow.

Once I got started in Rotorua it was easier to leverage my local knowledge so I…[Read more]