Ozi – Well done in creating this opportunity for yourself. ie getting out the and hitting the pavement.

I can help you with some of these

1) floor sanding 2-3k

2) Buy a steamer from bunnings at about $100 – make sure you don’t steam to much of the gyprock paper – you only want the wall paper off. Try not to get it too wet. steam and the pull…[Read more]

I habe not done a bathroom in oz for a couple of year but agree with the others that 20K is a bit step. Having said that bathroom is a very important area and it would pay to consult widely about what buyers in your price bracket expect.

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

hi redwing, that preview function is pretty cool and does alot for the site.

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

in order to do well out of property over the next 6 years or so it seems that investors are going to have to get off the back sides and make things happen for themselves.

Sitting back and riding waves of cyclical capital growth just won’t happen. Those that do well will be OPPORTUNITY hounds and information hounds. It won’t as much about fads,…[Read more]

Both forums have different things to offer but i have a feeling that this thread started by geoff about somersofts opinion of PI won’t be that popular – or in other words noone really cares.

Forums are fantasic because they are places where new ideas are shared BUT their comes a time when you have to get out from in front of the computer and do…[Read more]

hi – Cross lease is less than half the cost of a standard fee simple title but there are other issues to consider!

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

The biggest problem facing us is vendors that think their house is worth $1million when the average for that area is $300,000!

Agreed but sometimes you can do in half an hour over a coffee what an agent would take three days to do. Plus its heaps more fun!!!

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

hi all,

Exactly Cameron, and I personally would never buy in an area that a bank is “not willing” to finance.

Very wise!

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

good work on the reno DrX

I find people very interesting, particularly when you look at their backgrounds, finances and future goals and how it all totally relates to their mindset. me too

I have been doing a little bit of negotiating on deals privately of late with mixed results and I find going into people homes and speaking with them is…[Read more]

11k usd – wonder what that works out to be as a percentage of the new construction cost ie if this is 5% of the new construction cost ignoring land value (which seems like it is worth nothing or less than nothing when taxes are added in and holding costs and negative appreciation) then you have a property that has used up 95% of its usable life…[Read more]

far. I am not aware of any of their “qualifications”, but if I do my own checks (checking the numbers I’ve been given, getting the lease agreements, building inspections, council rates searches) are there any other things I should be wary of?

hi – these services are designed to reduce the amount of due dilligence that you have to do BUT early…[Read more]

yeah that’s what I meant but now that you say it not sure which is which. omcg’s are fairly nasty organisations – the bikes and leather are just about using force to gain market share – the rest is big business and these groups own many “legitmate” businesses and have fingers in many different pies.

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

I reckon they’d be OK to deal with, but never had to as yet…..being an ex-Harley rider myself, alot of their principles I agree with.

That’s a pretty interesting comment dazzling – suppose there are the teddy bear delivering type and the other type. ie organised criminal networks. You probably mean the teddy bear bunch?[blink]

I Buy Property…[Read more]

lets face it – as landlords we are offering a product to a client and they have the right to expect it to work and be in good order. The cost of that falls squarely with the landlord.

Managing agents have spend limits for non emergency work. Either set a low one and micro manage or find a good manager.

Even my nz tenants paying 10 to 14% gross…[Read more]

hi ritch, you need to talk to a broker – i have heaps of contacts if you are keen just pm or email and I will forward the details.

cheers

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

hi Stephen,

auction clearance centres are fantastic for ktichen and bathroom fittings. If you have time to go back a few weekends in a row you can save 50% of the cost of both rooms.

try and get a fixed price for labour up front.

cheers

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

two loo’s probably! Make sure there is not a way to have both first. Get someone to come out an do an on site inspection for you. Fresh eyes can make all the difference.

cheers

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

The advantages are that with apartment buildings we form syndicates to purchase. We are only buying established buildings and for that reason the banks look at these as commercial investments and will lend around 80%. The returns on these buildings and the potentional capital growth are great.

This seems like a sensible approach. For a few…[Read more]

well done dazzling – time to get creative and make a few changes to make it work!

Gatsby – we both invest full time (liz and I) and are pretty excited about opportunties popping up in the market where I live. After a year off without pay our resignations have been formalised and badge etc handed back without any ceremony. Just stuck it in the…[Read more]

yes – and as for “still renting” try out the search function on this forum for some very long debates about that topic!!

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