we have been full time investors for 13 months now – we both agree that it is the most rewarding work that we have ever done. Okay some is mundane but seeing an aspect of a deal that others perhaps don’t or making something work that others could not gives us a real buzz. Don’t wait to long to take the plunge or it may never happen. Carl barron…[Read more]

not telling [biggrin][biggrin]

I Buy New Zealand Property – All types and conditions dlpp@xtra.co.nz

hi Kiwi – I’m with you. I fix all rates in the buy and hold structure and I am carefull to ensure that they won’t come off at the same time. I have 5’s 3’s and 2’s. There is a 1yrs at 7.4

I Buy New Zealand Property – All types and conditions dlpp@xtra.co.nz

The numbers look good, unfortunately, the inspection revealed a tired old property needing lots of cosmetic and some not so cosmetic work done to it. Briefly, it needs
– interior & exterior painting (inc. replacing some weatherboards)
– leaks and some rot in ceiling and bathroom floor
– cistern & pan need replacing
– rotting windows
– evidence of…[Read more]

No Probs – your pm suggests you are on the right track – best of luck.

Don

I Buy New Zealand Property – All types and conditions dlpp@xtra.co.nz

see I knew you weren’t nuts giddo[thumbsup2]

I Buy New Zealand Property – All types and conditions dlpp@xtra.co.nz

i have never used it but reckon there has got to be something to it – don’t want to go all x files on ya but some homes just have a really bad vibe for no good reason – has anyone ever come across that or am I nuts[blush2]

I Buy New Zealand Property – All types and conditions dlpp@xtra.co.nz

true the agent that sells the most properties may not get you the highest price!! They are probably the best at making both parties conceed until agreement is reached – it is a different thing really.

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ

not an accountant either but me make 3 – terry is probably at little righter (?) as unconditional date would be the reaching of an agreement ie all conditions satisifed – now that i have typed that I am not really sure – best to pay someone.[blush2]

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand…[Read more]

why the big loss – is there alot of consumer debt mixed in with the loan ?

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ

yeah – do what terry said and resist the temptation to go anywhere near the place – last thing you want is a tenant claiming he is missing a plasma or something – in nsw youo can get an emergency hearing if you are worried about rotting food in fridges and things like that – hope it is the same where you are. take someone with you when you go and…[Read more]

battleships v jarrah

will they battle is out to see who keeps the green yoda head.

Hi tamtam,

along the way you will diversify and also make capital gains that will insulate you from higher rates. You will be able to find investments yielding much higher net rates than property. The beauty of property is the unbeatable gearing that it…[Read more]

Quote:
[Especially with this Innisfail disaster where are investors left in terms of mortgage payments on a property with no roof in a town with 4000 less jobs than last week/quote]

landlords insurance should cover the rents until the property is repaired – then again who is goingto be there to rent the houses – won’t be banana pickers -…[Read more]

Hi Stevieb,

Cool. Can’t really do deals on this forum but I suppose I could post details of some that have been done to get an idea. I have some good resi stuff on the go right now at 10% yields but the commercial stuff is not a done thing and I am still learning quite alot and meeting different people with expertise in this area.

I could…[Read more]

Hi Guys,

We are doing heaps of DD on these deals that are popping up – ie smaller type properties under 300k. Holding off for now as a local developer has a job on converting a park area into an industrial zone on top of all the other commercial development going on so we are not sure what impact this will have on existing premises and what sort…[Read more]

amanda – have you tried using the matt enamel in trim – seems to be popular in new homes at the moments

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ

or you get a value with comparable sales and the house next door to yours which sold 3 months earlier, same size, built buy the same builder is not included – the mind boggles

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ

giddo – you are completely nuts [biggrin] only joking!

that sounds about right and no doubt certain areas will perform better than others

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ

hi – dulux has a range called directions in white – can’t go to far wrong just mixing a matching off that chart. Best thing is that they also mix into each other so that excess paint can be poured into the others to make new colours that are similar or to tint the undercoat a bit – no waste

cheers

Positive Cashflow NZ Property Deals.Email to…[Read more]

have a read of Frank Lowys biography “pushing the limits” by jill margo – good read with more real life stuff than you could imagine

Positive Cashflow NZ Property Deals.Email to receive current deals & Free New Zealand Information Sheet DLPP@XTRA.CO.NZ