This particular property is the only one close to my home and I have met the tenant through doing maintenance on it and we get along well and he is a great tenant!!

Hi tracy D,

Tempting isn’t it!

* Never self manage. Just don’t do it!

Regards,

Don.

D&L Property Projects Ltd
Sourcing Quality Investments in New Zealand.Email to receive…[Read more]

Hi,

This is a very important and overlooked issue by many. Obviously when portfolios get larger ie over 10 properties then it may be a bit crazy around tax time.

Talk to your accountant and find out how much extra the full accounting and book keeping service is. You may be surprised at how cheap it is. Just send them all the receipts and docs…[Read more]

for example, a large property was bought for a 1.2m on almost 100% loan….within 12 months before they could develop it, the market turn, and it was sold at morgagee auction for 360k (only 2 people at auction)……they lost their home…….today that property is worth 1.5m
great CG if you bought at 360k
pretty ordinary gain if you paid 1.2m…[Read more]

forster keys – very nice part of the world – we used to call it florida as kids because of all the “high pants” and white shoes.

D&L Property Projects Ltd
Sourcing Quality Investments in New Zealand.Email to receive current deals & New Zealand Information Sheet.
DLPP@XTRA.CO.NZ

Yes! That little book was a good read. Maybe it is the aussie rich dad? Peter Spann seems to advocate a balanced common sense approach to investing.

This bit was my favourite,

There is no such thing as “the big score”. Wealth comes from persistently following a quality income and investment strategy and developing our skill level in applying…[Read more]

Hi Fern,

Will let you know. What i did not want to do is get the sticky black stuff on the rest of the roof. Will do the soap thing and have the hgh presure cleaner on standby.
cheers

D&L Property Projects Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org

Hi,

Not alot of freehold land available in these areas. I’m pretty sure tonga and a few of the others you must have a family connection to the island.

Every few months it seems that someone in the media makes comment about plans for a pacific passport . Possible impact would be population drain from rural areas on some of the islands.

Would…[Read more]

If you say you can’t find them you won’t.

If you say you can find them – you will!

Exactly!

D&L Property Projects Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org

interesting question – hopefully one of the accountants on this forum will have a go at it.

This is one for investors to be wary of in markets where the listed sale price is strongly (but wrongly) linked to the rental yield. Or free weeks rent etc etc.

We have just been asked by one of the major real estate agencies in town to do some…[Read more]

love those books, have them both on audio – reminds me I will have to throw them into the mp3 again.

Perceptions of wealth versus reality.

Also strong lean towards to proven wisdom of counter cyclical investments, early adoption of new ideas and goal driven individuals. loved it.

[blush2] forgot to divide by 10 – was getting a bit…[Read more]

Great thread.

Thanks for the imput into this thread michael. I enjoyed reading everyones questions and comments.

cheers

D&L Property Projects Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org

Hi All,

I need your advice. Have a older brick home with a 5 year old long run iron roof that has never been painted and looks new. I dont really want to paint the roof but there is one section stained by coal near the chimney (metal).

Does anyone know of a product that will remove the stain. Or am I up for a paint job. Most so far say only…[Read more]

Hi Brc,

Yes but it is expensive. In nz it starts at $380 per square meter supply only. The lighter the colour of the paint the more expensive at the lower quality glasses will cover with the darker paints. Light paints on the cheapest glass will give a green tinge.

Looks very swish though and would make a kitchen in the right house/project. Not…[Read more]

Hi Guys,

In one of my rentals in the hunter valley we fitted hardwood floor boards as a bench top. The nails are concelled in the tongue and groove. The edge was routered and finished with polyurethain? . Looks great and the beauty is that any rough treatment can be sanded out in between tenants.

Thanks wylie – keep the tips comming. There is…[Read more]

Hi Steve,

Thanks for posting. I agree and believe your comments are still valid a year on.

In my adopted home town of Invercargill property is still “ticking away” and there are still 10% gross yield opportunities. In Fact we have been finding yields 12 to 14%.

Employment is increasing at many times the national average and rental demand for…[Read more]

insurance seem high at $1000 on $50k investment – does this include landlord protection? If so you dont need to budget for vacancy..??

Not sure about that Jeff. insurance that covers vacancy would be nice. Most policies I know of cover vacancy due to damage and broken fixed term leases.

Cheers

D&L Property Projects Ltd
Sourcing Investments…[Read more]

Hi Samuri,

Have you used this institution for fiance. What else can you tell us about them. Are you a resident in Japan.

Cheers

D&L Property Projects Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org

Hi,

Yes!! doing one as we speak and you are right the price is surprisingly competitive. Don’t even think about sourcing the steel from a kitchen fitter or supplier. Go wholesale and get someone to cut it for you. A standard jigsaw with the right blade will do the job if you are confident. The sheets come as standard 1200 x 2400 at 1.5 mm thick.…[Read more]

cheers

D&L Property Projects NZ Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org

I like your tag line Adam. There is something there for all of us. If this one does not work out don’t get discouraged. You will eventually be able to buy a property that fits the bill.

D&L Property Projects NZ Ltd
Sourcing Investments that fit.
DLPP@xtra.co.nz
Email to receive current deals &
New Zealand Information Sheet
http://www.nzproperty.org