G’day, I was just wondering Mel if you could direct me to a good NZ real estate website?[biggrin]

Cheers
Damien

Howd, once again thanks for all the replies! Just to address some of the statements in a few of the replies, a property that pays of the mortgage as well as putting money in your pocket is great no matter how much if gives you, from $2 to maybe even $1,000, because that money that you are not working for, its money that is working for you! On…[Read more]

G’day, i’ve just read your two post, and still am only an ametuer in the property investing market, just some still looking at the numbers, but you said that the interest is 70K and that your rent is 40K(i take it this is the entire rent from all your properties) but this means that each year you are negative gearing and losing 30K per year, which…[Read more]

G’day, Thank you both for the replies, I think the main obstacle that i am trying to say is how do you obtain a positive cash flow property, even looking at the +CF caculator, it doesn’t seem as though you can create positive gearing realistically, as the (rent)-(loan repayments)-(yearly expenses)=negative gearing, property prices are just so…[Read more]