Hi,

I attended a seminar a little while ago where the presenter said that all we have to do is own our own home and one investment property outright to be in the 5% wealthiest people.

Curious – how did the presenter suggest that this was achieved by the investor. Was it simply to pay PI payments on both over 30 years or do something a little…[Read more]

thanks gross – will be an interesting read!

I Buy Property http://www.cashflowproperties.co.nz

Just as, for example, the national ownership of Ford Mustangs would be a very small %. That % would be much higher if you surveyed the members of a Mustang Owners Forum.

Shame we cannot run a poll here to show that more than 5% of this forums membership invest in real estate. But I imagine the numbers would be significantly higher.

Agree – that…[Read more]

Do you believe that he is right because if he is only 5% of people on this site are actual investors and my caculations make that 2100 people leaving 39900 people who are lookers

Interested thread – not sure what the numbers would translate to but the idea that alot of people do not participe in property investing must be true.

I suppose with…[Read more]

just wanted to add – as for the kiyosaki books, what is the harm in churning one out every now and then. Most of the stuff i have read by that group is light hearted, motivational and mostly useful.

I Buy Property http://www.cashflowproperties.co.nz

I just read that 46% of homeowners questioned in a survey said they would be in severe financial hardship if interest rates increased by just 1%!!! Also, just under 20% said they would be forced to sell there home if such an interest rate increase occurred.

I wouldn’t argue with that statement – after living on the northern beaches in sydney for…[Read more]

This from yesterdays press also;

House prices in south keep defying gravity
21 June 2006
By SUSIE NORDQVIST

Predictions of a softer southern housing market have failed to materialise.

Prices continue to climb with a shortage of houses for sale.

Real Estate Institute of New Zealand figures show the median price for Southland was $130,000 in…[Read more]

[quoteDo u find many value add deals around?
][/quote]

Hi Guys, It funny – just when you think all then good ones are gone the phone rings and something unusual pops up – or you look at something you had passed over a week earlier and there is something you missed in the council file – or you make a phone call or visit the land titles office and…[Read more]

most stuff you read from property authors and “gurus”, the tape set and seminars (have never been to one) talk about the wisdom of identifying opportunities (usually in a down or flat market) that the “herd” can not see. Why is it we all expect to get rich doing exactly the same thing as everyone else. Or in other words waiting for market forces…[Read more]

hi Wake – access is a funny one – although I always ask for it – I never give it when selling – there are good reasons for that!

I Buy Property http://www.cashflowproperties.co.nz

Don’t go down the ‘solvents’ road as this is smelly and dangerous.

Yes. Bad idea – it worked but would not try it again. The hall is done now and shinny with three coats. Almost worth the effort.

cheers

I Buy Property http://www.cashflowproperties.co.nz

when importing from japan to oz there are some serious duties to pay – but not sure about nz to oz.

I Buy Property http://www.cashflowproperties.co.nz

turps will break down some of these glues. very messy and time consuming. we are doing a hallway at the moment – not sure if I would tackle a whole room.

I Buy Property http://www.cashflowproperties.co.nz

selling ?? 40k profit will look a bit different after taxes and selling cost – just personal opinion but while still working you could hold and leverage into others. The property will compound from now off a base of 200 rather than 160 which will make a considerable difference over the years.

i think calculating hourly rates etc can be a false…[Read more]

well done !!

I Buy Property http://www.cashflowproperties.co.nz

My two cents worth – personally, I’m a big believer in karma and the old adage that what goes around comes around.

Me too!! Any short term gain will be overshadowed to the power of 10 by the amount of business and opportunities you miss out on.

I can’t remember but isn’t there something in contracts in NSW where the purchaser warrants that…[Read more]

Hi sarah – it does have to be a permanent shift and only certain countries – check out the ato site.

I Buy Property http://www.cashflowproperties.co.nz

We used to deal with this industry daily in our old jobs – never saw anyone ask for a receipt but some people put these services on eftpos and credit card believe it or not [blush2]

I Buy Property http://www.cashflowproperties.co.nz

Best Move – Getting Started early and young

Worst Mistakes – neglecting management

Books – Peter spanns first and second – recognises a balanced approach and welcomes other assest classes as part of an overall stragey

I Buy Property http://www.cashflowproperties.co.nz

can move away from ppor for a time but still nominate it as principle – idea was so people who were forced to move away for work and rent house were not penalised by paying tax upon sale – but can only have one ppor at a time

I Buy Property http://www.cashflowproperties.co.nz