Hi Clones,

Where to begin? For those of us who have a passion for property there are so many ways to make money out of it it is hard to understand why others don’t see it. So I suppose it is all about perception.

Sure you have the tax advantages and the higher gearing ratios but what about the ability to add capital value to your investment by…[Read more]

Hi,

Not sure where you can get this info for free but if you are willing to pay there are a few compaies out there that offer it.

API mag also has stats at te back and sometimes include the 10yr average figures.

Good Luck.

donandliz@xtra.co.nz – Experienced investors living in NZ who can find properties to meet your needs!

Project management…[Read more]

Hi Ned et al,

This argument has been raising its head as long as I have been reading and contributing to this forum.

I have just started offering property spotting and other services for investors to meet there specific investing criteria (sorry for the plug) in NZ. What I amn finding is that investors know exactly what they what. They have done…[Read more]

Hi Rich,

Well Done. You have well and truely satisfied the CGT discount period so half of your gain is tax free so that is the good news. The slightly worse news is that you will have to pay tax on the second half at your marginal rate.

However, if you are smart it will be quite a while before you have to actually pay that money to the tax man…[Read more]

Hi Donna,

I have not made a claim on my landlords insurance policies in OZ. Every year when they come around again for the briefest of moments I think about pocketing the premiums and sending the cashflow in another direction.

Landlords insurance like all insurance is a necessary evil. I have found with the NZ portfolio that we have only had to…[Read more]

The visible stuff in the bedroom is not really an issue. What you need to qualify is what other parts of your potential investment that the ants have turned into paper and ant spit.

What does the report mean by moderate structural?

donandliz@xtra.co.nz – Experienced investors living in NZ who can find properties to meet your needs!

Project…[Read more]

I would also agree with Michael. The trouble is that it would be hard for you to establish the true extent of the termite damage in the home and thus the require repairs and cost.

You would effectively be buying a property with a unknown downside.

I will qualify that comment by saying that if you are handy and could fix the potential problem…[Read more]

Hi Erwanjg,

Part of successfull investing is well developed financial discipline. You will really need to take control of your finances and eliminate any bad debt you have and increase your deposit. Nothing new there!

Reading Books and seminars work for some but nothing beats the experience of getting out there and doing deals in the real…[Read more]

Hi Pavlina,

As a general rule 12 weeks is about as long as we will let a property go without being inspected.

Make sure you check all you insurance policies so that the inspection frequency satisfies the requirements. This is critial for landlords insurance!

Cheers

donandliz@xtra.co.nz – Experienced investors living in NZ who can find…[Read more]

Hi Richard,

I am working on a short publication which may assist buyers in this area. Will post as soon as it has been completed.

Sounds good richard! Make sure you flick a copy our way also.

cheers

donandliz@xtra.co.nz – Experienced investors living in NZ who can find properties to meet your needs!

Project management also available -…[Read more]

seems to be working okay now westan..

have another try!

donandliz@xtra.co.nz – Experienced investors living in NZ who can find properties to meet your needs!

Project management also available – finding solutions for problem properties!

i’ve not been to Invercargill for a while, my understanding is its getting hard to find properties showing 9% returns, what are your thoughts

Hi Westan,

10% plus yields are achievable.

We have a property under contract atm in that range!

Cheers

donandliz@xtra.co.nz – Experienced investors living in NZ who can find properties to meet your…[Read more]

Hi Dohicky,

We live in Invercargill now and are investing full time. Not quite sure what sort of service you are after but feel free to drop us an email at donandliz@xtra.co.nz.

There are quite a few people on the forum offering full service bird dogging. Sounds like you just want somebody to view properties that you pick. Is that…[Read more]

Hi Terryw,

Sounds like a cool trip that you are on at the moment. I don’t have and direct experience investing in the region but it must be fun checking out deals in asia and other regions.

Maybe you could spread the risk around by putting a small group together or invest directly into a trust with significant holdings in the region.

I have…[Read more]

Hi Rabprop,

Get to know the area. Asking price may not have too much to do with the true value of the property based on comparable sales. Then as the others have said you need to find out the sellers motivation and be realistic about your own. If you are emotionally attached to it (hard not to be for a ppor) then it will be harder for you.

Good…[Read more]

Hi all,

Just read this thread. We are both 32… so now we are feeling very old in the present company.

All I can say to you little spring chickens is that momentum is very important. It is okay to start early but make sure you keep up the investing as there are so many distractions out there for people in there 20’s. (Especially if you have a…[Read more]

Hi all,

Just the one car at the moment.

1994 honda usa touring wagon bought straight of the boat for 7k. Imported from somewhere in asia.

Little gem.

Hi Dazzling,

If a 100K house is your pride and joy that you are struggling to pay off, it is probably inappropriate for me to term them as such…even though that is how I would accuartely describe them.

We all have to be careful on these forums not to make assumptions about the other contributors experiences and so on.

The tenants pay off…[Read more]

Don & Liz,

Who said anything about tying up your entire net worth in one building ?? What are you talking about ?? Owning a 13 MM block doesn’t preclude you from owning other assets ?? You need to widen your scope just a tad.

I’ll give you that one Dazzling! I don’t mind saying that my net worth is not 13 mill and this is probably why I was…[Read more]

YES! THAT IS YOUR PREFERENCE BUT HAVING MY ENTIRE NET WORTH IN ONE BUILDING POSSIBLY AT THE MERCY OF A SINGLE TENANT? THAT WOULD BE CRAZY. NO THANKS

NO CHANCE TO SPREAD RISK OR TAKE ADVANTAGE OF DIFFERENT CAP GROWTH TRENDS IN DIFFERENT AREAS OR CLASSES OF INVESTMENT. HAVING YOUR ENTIRE WEALTH FIXED IN ONE INVESTMENT IS PROBABLY A BIT QUESTIONABLE.

CHEERS