Hi Vernon,

This one comes up quite a bit and you will get a full discussion if you try the search function.

Obviously its about mitigating loses. I vote yes for landlords insurance. Others vote no.

Just read your policy and don’t expect it to cover things that it does not. Excesses can be large and as you will read there are issues with the…[Read more]

Hi Saint,

On one level all these cosmetic jobs should cost almost the same as in OZ. You should have no trouble getting these jobs done over the phone but you may notice some cultural differences when dealing with the Kiwi tradies and service providers.

Have you seen the property that you are trying to add value to?

IN your situation I would…[Read more]

well done tigers!!!!!

Yeeeeeeeehaaaaaaaaaar

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi,

Get on the phone or do some face to face. The net is virtually useless for this sort of thing.

How many people out there get meaningful responses from REA via email.

Investing for yield only is a waste of time! Pick the area, be secure in its fundamentals and then find a suitable investment in that…[Read more]

Hi KRS,

Regrets?

Should have left work 3 years ago. In hindsight the hardest part is getting your head around the idea.

We have left full time employment. Left a job that caused us the rise at 3.40am each day and return home at 9pm.

Now we choose to get up at the respectable hour of 7am.

Don’t be fooled. You may find that you do more…[Read more]

Hi,

Can’t say I have ever furnished a house to sell it.

Seems to work well on TV. [biggrin]

Seriously though perhaps the advantage is in creating an emotional attachment to the spaces in the home rather than it looking like a box.

In that area of Newcastle the market is going to demand a very high quality finish (the old steel town has…[Read more]

Tigers to win by two tries! Fingers crossed!

Cheers

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Colourbond or other steel products are much easier to repair.

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi Grossrealisation,

This is a bit of a confusing exercise. Have to be carefull that you are comparing apples with apples.

In Invercargill we a looking at deals with yields up to 11%.

There are higher yields but I personally would not touch this end of the market.

But we are also looking at deals with rental yields around 6% which serve a…[Read more]

Hi Elly,

Thanks. Good luck with the investing!!

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi Richo,

Everyday it seems that I meet someone with new ideas about investing. Each person has a view on where the market cycle is going. Just using the term “market” might whip certain people up into a frenzy. It will be quickly pointed out to us that there is no one homogenus market for anything let alone property. Maybe oil or something but…[Read more]

The airport here in Invercargill has just been upgraded as alot of you already know.

It is taking international flights when bad weather in Queenstown prevents landings there. Virgin has apparently been in negotiations to take up slots and fly direct into the city, however, there is alot of talk about this project at different times. We will wait…[Read more]

Hi F1Jordan,

Try this;

Part A.

*Take a break and give yourself a bit of time to re-energize. (Try 10 days without thinking about anything to do with investing) after that

*Speak with a broker (experienced and someone you can get along with) and find out exactly how much you can borrow.

*Ask yourself why you want to find a cashflow positive…[Read more]

Okay! How?

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi All,

Must say that I agree with the “vibe”of ths post.

I mean you have to do your DD of course but once you are grounded and have a plan what is the point getting bogged down in the details.

Get out there and do some deals.

Learn through doing.

Cheers

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi Mei,

Just goes to show that you get what you pay for and this especially applies to financial and legal advice. You have obviously paid for and received sound advice and will reap the rewards.

We should spend as much time selecting the professionals we use as the investments themselves.

Good Luck

donandliz@xtra.co.nz
NZ Investors…[Read more]

Hi All,

Just wanted to add that we also have big raps on this region. Have one there and choosing to hold it!

Every time we are up that way it seems that something new is happening.

Cahflow opportunities may be limited at present but there is money to be made for savvy investors in that region.

Cheers

donandliz@xtra.co.nz
NZ Investors &…[Read more]

Hi Dr X,

So true and why is it that when someone does open that packet of tim tams in the fridge we have to eat them all?? Who knows??

Cheers

donandliz@xtra.co.nz
NZ Investors & Property Spotters
Renovations & Project Management

Hi Nathywally,

So you have a PROP with some equity.

You sound like you are handy? Will your family and friends kick in and help.

Sale of you PROP should be tax free. How about doing a buy renovate sell if you can handle living in a bit of saw dust. Maybe one a year for few years.

cheers

donandliz@xtra.co.nz
NZ Investors & Property…[Read more]

Voirin,

The cards themselves are not a real problem. Being in control of your personal debt is.

In your case using them for a business expense (renovation) is sound as long as you are adding true net value to the properties and you can get your capital back in time to account for the interest cost.

Good Luck.

donandliz@xtra.co.nz
NZ…[Read more]