I don’t think its should be a matter of putting aside what SIS has or hasn’t done. SIS racks up multiple posts on the forum offering advice, chuckling in the forum fun areas with colleagues, and such.
For one who has such a “presence” (read number of posts and physical time spent on the forum) its only fair that he back up his claims with some…[Read more]

Yack, whether or not I subscribe to a magazine bears no relevance to my ability as an investor or otherwise. Who cares who subscribes or who buys it at the newsagency? Yes its a great magazine, but its only one source of information. I wouldn’t base my life’s investing on it.

CastleDreamer

Hi elysium, have you done this? When you read the wording of the grant I am sure it says that you are not eligible if you have ever owned residential property previously – irrespective of whether it was an IP> Can you give me your reference?
Cheers
CD

CastleDreamer

Ginamarree, you can also try searching this site using the search function on the left side boarder. Try looking up some of the key terms from your post and see what other people have to say.
Cheers

CastleDreamer

If you have a mortgage on your own home, pay that off first – as interest repayments on that are nondeductible. Do IO on the investment, and put the P bit that would have been on the Investment onto the home loan to pay it down quickly

Cheers
CD

CastleDreamer

Hi Ginamarree,
welcome to the forum

Manage yourself or use a PM (property manager)?
This will depend on how comfortable you feel, and how much information you will want to gather. If you chose to manage yourself, you will save around 6.5-8% in management fees, but you will need to do your homework in case something goes wrong. I recommend going…[Read more]

If its a family trust, you can set it up to say any family you like I think. Check with your accountant or lawyer.
Cheers
CD

CastleDreamer

Yep your right, I guess I read the quote in my post as meaning really ‘don’t try and rent out the renovators dream!’ let someone elses skanky unrenovated dream be the property that sits vacant. Yours aren’t skanky renovators dreams anyway Mini, you did them up and now they are cute little properties with Cash Flow AND capital growth!! All…[Read more]

Hi Mitzu,

feel free to PM me any time. If I can’t help, I’ll ask someone who can…
Cheers
CD

CastleDreamer

1993 – Brick and tile 90K Logan. Rent 150/wk, interest around 11.5%. Sold in 1996 to take a year off work – sold for on paper loss of 10K: (see…. if I had bought positive cash flow I would not have needed to sell it!!!!!!!
It all makes sense

CastleDreamer

Nice blue page. lots of information (not) who are these people?????
I emailed them to: “Who are you? What do you do? There are no connections on your site???”

CastleDreamer

“His advice to property investors is to keep your investment property occupied. He says it is important to buy a unit or house that is low maintenance and does not require a lot of money to be spent on upgrading it.

“Buy a place that is not a renovator’s dream. You want a place that is attractive to renters”

Makes sense doesn’t it? If you have…[Read more]

Hi there,
I am also after Wealth Guardian if anyone’s selling second hand!!! Maybe I could check on ebay !!!!!!!!!
CD

CastleDreamer

Hi KBH, yep that’s my understanding – if you buy it to use as an investment then you don’t get the grant.
However, (this is not financial/investment advice, you need to check it out with your own accountant) I have heard that you only need to live in the place for six months. That six months has to start within the twelve months after you buy…[Read more]

Hi Martin where did you hear that about commercial property and not being able to buy in own name?????

CastleDreamer

Hi James, for simple straightforward conveyancing, try conveyancing works in Brisbane $295.00 plus outlays. My properties have cost around 5-600$ tops for purchases.
Cheers
CD

CastleDreamer

Hi Ozboy,
NZ agents I have dealt with have all wanted a 10% deposit when contract goes unconditional. You could get a deposit bond for that deposit, but the 20% I am talking about is the 20% “cash/LOC funds/whatever” that you put into the deal so the bank only lends you 80% of the purchase price of the property. My understanding is that a…[Read more]

Matt,
lender is Westpac, but if you try the front door, they will tell you that they only lend to O/S investors who put down 50K per property – which is not much good if you intend to purchase a 40K property!!!! Its also not much good for chewing up deposits.

I am happy to give you some specifics about my NZ lender if you PM…[Read more]

Hi Mitzu

I agree that a property manager is probably a good thing.
Someone suggested that you could have a go managing yourself, and then change to a property manager if it didn’t work out. I wonder how you would know it wasn’t working out (apart from the obvious of missed rent – I think you’d notice that straight away!!!) I have four…[Read more]

Hi again,
I have decided to lend only 20% to my trust and borrow the rest in NZ – precisely for reasons Mini stated – hedging against currency fluctuations – I prefer the idea of having my lending in the same currency as the property owned.

Hi Matt, what sort of interest rates are you getting – I’ve got option of 6.79% in NZ lending for a…[Read more]