Forum Replies Created
- Originally posted by alicam:
Alister Cameron
WebSlave
PropertyInvesting.com[whip] Mush! Mush! [whip]
Just FYI, WealthGuardian is available again in the online shop area of PropertyInvesting.com.
Visit https://www.propertyinvesting.com/resources/11.html to find out more
Brent
Originally posted by HHH:Hi
Why will this be the last 100?
HHH
There’s no great rhyme or hidden reason behind doing a last run of 100.
There’s no replacement on the cards at this stage (so it’s not one of those new model stock clearances which car companies do), the information is still current and people still want to learn from WealthGuardian.
It’s just because we won’t be producing one of the bonus components anymore (the Tales from the Trenches audio cassette set).
We had 100 spare in the office, and after this we’re retiring the whole WealthGuardian package.Brent
Hi Fish,
Word is the final 100 copies of WealthGuardian will be released on PropertyInvesting.com sometime in the next few weeks. And once these are gone, that’s all folks.
If you’d like to send an e-mail to admin @ propertyinvesting.com (removing the spaces of course), I can let you know about the release of those 100 WealthGuardians just as they’re released.
Brent
I like the way you think
I’m not sure what it will take, but I’ll bring it up with the propellerheads and maybe they’ll be able to work something out. I do like the idea though
Brent
Hi getahead
Best guess – I think your laptop may have a huge screen resolution.
Right-click on your desktop and go to Properties.
Click on the Setting tab up the top of the window which pops up.Where it says “Screen Resolution”, shift the bar to 1024 x 768. Click OK.
This should solve the problem
Brent
eek!
Click here – https://www.propertyinvesting.com/forum/subscription_list.asp
And then click on the relevant “Unsubscribe” button
Brent
Sorry guys – this is my fault.
I was away for a week (on my property buying trip), and came back to a backlog of things to do including four or five hundred e-mails to reply.
I’m working through all of the e-mails, including all the wrap kit requests, but it’s going to be a few more days (tuesday the 20th is the day I’m committing to having completing everyting) until everyone gets a reply.
I just wanted to let you know that I’m committed to getting back to everyone who has contacted me in the last two weeks, and am doing the best that I can.
Mush Mush [whip]
Brent Hodgson
PropertyInvesting.comhrmm… does this happen every time you click on the bottom link?
I just tested it out, and it doesn’t look like there’s any javascript in the link, and it should go directly to the post..
To be honest, this is the first time I’ve come across this
Brent
let me test this out….
Some links have changed since the site was updated…
Give https://www.propertyinvesting.com/xmas.html a shot
Brent
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour! Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? PM me!
Originally posted by MiniMogul:hang on a minute Lu, I was about to write I don’t mind a bit of RE agents poking nose in and possibly becoming part of the forum. Dunedin is ‘going off’ in capital gains and has huge rental demand, the latest thing i read is that Otago University has so many more students than expected that they are wondering where they are going to put them all.
So don’t write those deals off straight away, do your homework. Having said that I do like yields more than ten percent personally but then again I wouldn’t mind getting a property in Dunedin.Mini – if you’re not afraid of rolling up your sleeves and doing a little renovating, there are still a few deals which can become 10%+ yields in Dunedin. (Mainly in South Dunedin).
The problem is, you’d more than likely need to be on the ground for at least 2 weeks to project manage the deals.You’re also able to rent by the room, or rent places with furnature to students, which can increase your yields.
But if you do plan on renting to students, location can be very important. “Scarfies” would prefer to walk to the University as parking can be a pain, and ‘walking distance’ tends not to be very far – particularly when it gets very chilly in winter (snowfalls etc).
Brent
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
90% LVR?
I’ve spoken to several Aussie investors with good financials who had trouble getting 70% LVR’s.
If you can get 90% finance at good rates for good deals *anywhere*, then you da’ man!
See if you can get a discounted rate if you refer a few more clients, and I’ll bring them some deals too.
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
Originally posted by viralk:Thank you guys, investors who have bought properties in NZ, can you please tell me whereabouts I should be looking to buy in NZ.
Regards,
Really depends what you’re after.. There’s still a lot of great deals out there. But a lot of wolves in sheeps clothing (pardon the pun) are out there being advertised to the ‘investor market’.
If you’re wanting ‘permanant’ pos CF for retirement – look at places and properties that you believe are unlikely to see you with excessive vacancies (the silent profit-killer of positive cashflow deals). Also, do your numbers – rates can be higher in NZ to Aus (I guess because populations tend to be lower and dispersed over so much more area)
You might consider the South Island (Dunedin, Southland, Otago etc.. Smaller ponds like Gore seem to be fished out at the moment though).. Some areas in the north are interesting too – most of these are mentioned on other forum posts.
Or you could be after short term cashflow plus capital gains… or long term Capital Gains full stop… or you know you need $100k p/a to retire, but only have $X much in savings, so you need low-cost, high yield rentals which give you an entry into the market…etc
I guess it comes down to what you want.. (Look up The Path of Least Resistance in From 0 to 130 Properties in 3.5 Years)
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
Because I have a lot of deals go over my desk at the moment, I’m seeing a bit of the NZ market right now.
I’m shocked at some of the things Australian investors are buying.
Agents know that Aussies are willing to buy sight unseen, and are usually prepared to buy (funnily enough) at Steve’s 11 second solution calculation! (around 10-10.4% yields). These deals are being snapped up within days – often with 2 or 3 offers within a day if the listing agent knows a few investors up north or across the Tasman.
Chatting with an agent I know in Invercargill (way down in Southland), he’s now saying that with so many investors hitting the market, it’s begining to get harder to rent properties.
This is not to say that you shouldn’t be buying in NZ (or that you SHOULD be buying for that matter)
I would recommend that anyone looking to invest (in NZ or otherwise) take on three key points.
1. Always, Always, ALWAYS do your due diligence – get something which backs up every assumption you have made.
Put clauses on the contract which say you won’t settle until these assumptions have been proven.
(PS – don’t just put in a finance clause and have this cover everything. Often this loses you credibility – be honest and transparent right from the start, and more often than not the Agent will do whatever he or she can to help you, and get the deal across the line)2. Consider bringing someone onto your team who knows a little bit about the market, and can understand how the subtleties work. Perhaps a bird-dogger like Tasman Investor or Mini in the North, Westan or Myself in the South.
(Don’t be a tyrekicker and pump these people for information though – if they’re good enough to help you and be on your team, they’re good enough to be paid for their time.)3. Don’t get swept up in the deal. There’s kazillions of them out there – in Oz and abroad. Even though people like ‘Tasman Investor’ talk about changing their investing criteria because too many deals are slipping through his fingers – this doesn’t mean you need to go for the first positive cashflow deal you see.
Positive Cashflow deals are not scarce – and neither are investors whom agents know can be whipped into a frenzy and will possibly make a bad decision.So keep a cool head, and know what you’re getting into.
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
I just wanted to say it’s great to see Sooshie’s name about the forum boards again..
Welcome back Soosh![inlove]
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
Hey Prop16,
Do you have any ad or popup-blocking software? Because the links open up in a new window, this could be the cause.
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
Originally posted by breakingout:
on the “fast track” tape did you mention that “buyer beware” was available online. if so do you order it through the online shop or is this a bookBuyer Beware is only available online via PropertyInvesting.com
also if you are looking for the loaction of certain enterprises – you suggest local papers but if you are looking at areas outside were you normal live and work how do you access them?Enterprises? [blink]
I can’t remember the reference.. what do you mean?
Perhaps you can use the YellowPages online, or get someone to mail you the paper? Some local papers reproduce themselves online in PDF format.
how specific is appropiate when replying to questions on the forum – I understand there is a line between being helpful and losing you sales – but where is itlol – it’s ok – just post. So long as your posts aren’t defamatory or advertising, they should be fine.
Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
You might be lucky and get a reply from Steve, but he’s been extremely busy of late.
Also, you’ll find that a lot of people don’t even read long posts.. short and sweet posts seem to get replies faster. You might want to split out the 4 questions into 4 posts.
Originally posted by reno:
2/ Re: P&I or IO loans. I am not sure what your reason is for preferring P&I loansSteve’s Grandpa had a saying which went a little something like “You’ll never go bankrupt if you don’t owe a cent”
Steve has a saying “If you have a plan for getting into debt, also have one for getting out of it”
3/ Although prices have risen a lot, for the sake of this example wouldn’t it be better to have one house rather than four for a total of say $200k value and assuming rental +ve cash flow was $60 a week in total either way. By buying four you would have 4 lots of conveyencing and potentially 4 times the maintenance/repairs.[eh]
There is no answer to this.
If a deal is positive cashflow, it’s positive cashflow. If there are four of them, then bonus.Maybe it would have been better for Steve to have less properties, but more expensive properties, but we all agreed that “From 0 to 13 properties in 3.5 years” wasn’t as catchy as “From 0 to 130 properties in 3.5 years”[wink]
The reason was probably because at the time, there were a lot of cheap positive cashflow properties.
4/ Positive cash flow of $15-$20 per house: A lot of people appear to be only getting $15-$20 per week. Is it worth the risk for this amount considering a minor repair or maintenance issue could swallow the entire years income in one go.You ask – Is it worth the risk?
If the deals which you’re coming across provide $15-20 per week cash surplus, and if this is too much risk for you, then don’t invest in these deals.Brent Hodgson
PropertyInvesting.com
Admin ManagerI’m going on a property buying tour!
Want to receive the e-mail diary of my trip, hear about some of the great Positive Cashflow deals I find, and perhaps discover some great opportunities for yourself? e-mail or PM me!
