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I received my confirmation at work, when I was flat out….. so, MISREAD IT and sat down at 7pm tonight to get right into it…… BUGGER!!! …….. too late as it was 7pm NZ time..
I am very keen to see some comments as I am booked to do the Melbourne seminar with Dan in a couple of weeks. Flying from Sydney. Keeping it tight…… and looking for someone to split the room cost when I get there as well………If you are wanting to attract a younger professionals I have used curtains, with backing for light. I have sourced some from Freedom which were cheap/funky and very 'in'. A lot of younger prfessionals hate the old verticals etc…… romans are ok too however I have had trouble with soiling in the past. Look at the interior mags and you will see curtains used extensively now. Best thing is that if you shop around for the runner bars/ends etc it can save you heaps of expense.
Well no, no pink cady, what about a red jeep, not that flash. No feebies either.
Another one I am working on is a group of 4 smaller adjoining factory bays, close to commercial retail and I am trying to put together a group of similar retailers that can advertize, and promote the block as a warehouse outlet specializing in the field they are in ….say electronics, clothing etc. If I can get some good tenants together. Purchase the property on a delayed settlement and if the yield is sufficient hold or if not sell the bays, maybe to the retailer or an investor got to think about the exit stratergy more…..anyway maybe that’s the next one. It’s in my local area as well….I like to think of myself as a reasonable ‘investment detective'[biggrin]Probably around the 300K mark with something that can be improved upon. Yes I know that things are pretty depressed on the CCoast, however there has got to be deals ‘in them thar hills” I am presently looking at everything and anything that is put past my desk. I am, of course looking in other areas however as I live here I’m looking in my own backyard first.
Just working through the notes given at the seminar Slide 84 I am ok with everything outer than the fact of decreaseing yield. Am I to understand that say for instance you had a home unit in an industrial area and the yield was say 5% and because you changed it to offices that the yield would drop because of the fact that you changed the nature of the premises from resi to commercial, and the average yield for commercial in that area is say 12% and you are only receiving 5% .Also that, as commercial you may be able to raise the rental, which is another plus to the value ofthe place. Am I on the right track.
Investing in NZ. properties with NO piles.
I have done considerable research into investing in NZ. The best thing for me is that a long term friend of mine who has had a number of years experience in real estate sales in OZ has gained employment with a NZ firm of developers who only do residential, units, houses, and are one of only three ‘preferred’ developers that supply to the government, housing to the indigenous people of NZ.
Where I commenced this research was as a result of reading Steve’s book, subscribing to the forum, and then deciding that property was what I wanted to be involved in , in all ways. So I have successfully completed my property buyers agents course and, and am now licenced.
I have made a number of quality contacts and now starting to buy in NZ for myself. I am sure you are aware of the benefits of property in NZ, and I have seen a great deal of money going from Oz to NZ.
I can not buy all the properties I come across even though they stack up well and are positive geared.
If you wish to contact me and find out more, you can get me on [email protected]Regards
Malcolm BrownYes,I have to agree with the difficulaty in finding + geared properties. I too find the 11 second rule has nearly all properties not within a ‘bulls roar’ of being positive. Those that I do find nead a lot of repairs etc.
I would also kike to know a list of 1 to 10 of the features that one looks for in obtaining a + gear property if the figures stack up. Just interested to see what things other look for in a property.Regards
MCB
