2) There is a set of 3 x 2 B/R units for removal 1 kilometre from this block. (You can see where this is heading!!) I am currently in negotiations to purchase the building for $25,000.

Hi Guys,

Enjoyed reading your post. I wonder what is going on at the original site. Are you aware what is planned for the land that the old units are on? Why are…[Read more]

A friend of ours also just built a new home through a contract builder and they used a tinted roll on product. The end effect looked pretty good. Not sure of the product name or cost. Must be commonly available though.

Adding meaasured amounts of coloured oxide to the render mix will give you a long lasting effect.

Cheers

Great Post!

– Don’t guess what tenants and buyers want. Ask! Plan project around the yield and capital maximising improvements.

-Don’t over capitalize

-Everything is negotiable and negotiate with a smile.

-Keep a clean, safe and organised project. You don’t want to see a plumber or electrician with a broom in their hands.

-Choose finishes…[Read more]

Hi K3ymaker,

It will depend on your mind set or strategy. Our personal preference is to buy rather than sell. We would only ever consider selling under exceptional circumstances. Not to say we have not sold property before!

Waiting for the market to bottom out is a fools game. Do some DD and get into property now. There will always be some new…[Read more]

Since you’re already there, maybe you could consider property management as a part time job??? We certainly need reliable ones!

Very interesting idea Dr X. . Will have to give it some thought. In the meantime we are happy to help with any specific problems if you want to pm us as we have good contacts re local tradies and discounted…[Read more]

Hi Milly,

I agree with you and Dazzling about the mechanics car thing.

I grew up in a builders home (builders son). The old man specialised in rehabs and cottage work after doing 20 years in “town building”in mining communities. So when they settled down the home was a constant work in progress.

Not so much that there were alot of unfinished…[Read more]

Hi Guys,

We are based in Invercargill now as some of you know. We are still buying in this city and have found that good yields are still available. I suggest anyone thinking about buying in Invercargill jump on a plane and fly down here and or get on the phone and speak with some local agents.

If you are an investor interested in a cities…[Read more]

Nice post KP. Heaps of detail in there already but could you share what sort of house and land you rolled the profits back into. Are they single homes on blocks of seperate title or have you split another block/s and built dwelling on each.

Promise I will contribute a story soon!!!

Cheers

Just a few things to add re capital gains tax and the local buzz around at the moment.

As some of you know election time is looming in nz and parties are talking about the possibility of a capital gains tax for kiwis who own foriegn assest ie kiwis who own homes in OZ and shares etc.

Initial discussion has indicated that this should place…[Read more]

Imagine how much you can achieve in three years……

exactly KP. Also imagine how much you can learn in that time.

Real life, deal making, problem solving experience. Three solid years of it.
You will be way ahead of the pack.

Cheers

Hi All,

As some of you know Liz and I have moved to NZ. We have not brought a property since we moved here but still consider ourselves buyers not sellers. In fact, we consider ourselves investors rather than speculators.

I imagine there will be some changes in our portfolio over the next two years but our holdings on NZ property will increase…[Read more]

AM I BEING TO NAIVE?????? Please let me know if I am. The way I read the insurance policies, if a tenant punches a hole through a wall, the insurance will cover the repair cost and the rent while finding new tenants.

Hi Simon,

Remember most of these policies require that the property is uninhabitable before they will pay out for loss of rent. I…[Read more]

Hi Lisa,

We have done this before and it came up looking great.

Rendering is much more difficult than bagging and I would not attempt DIY rendering of the outside of the premises as if may come up looking a bit worse than before as some of the others have said.

So I would go for the bagging option. To start with you need to make sure the…[Read more]

Hi John,

Contact Denise Sadlier at SBA Invercargill. She is very passionate about investing and owns properties in the area. She also comes recommended by the property investors association.

Cheers

Hi Kerwyn,

Thanks. Yes I would like the details.

Cheers

sounds about right

cheers

Hi Luke,

You may have missed the boat on these areas. I brought my first little house in Kurri Kurri in 1995 for 54k. Conservative value of that one is now 250k.

On a positive note these towns no longer rely on mining and are not mining towns in the true sense of the word. The mines are anout 1.5hrs away by road. The areas rely heavily on…[Read more]

bps,

I have seen a few of these sorts of apartments in the major papers in Wellington and Christchurch and never made any real enquiries, that’s why I asked.

My gut feeling says to stay clear of this type of investment but I am a bit biased. I like to find opportunities where I can add value or properties with a larger land content that might…[Read more]

Hi yack,

Will you post to let us all know when it is time to buy, maybe you can ring the bell for us. No only joking.

I agree with you that it is good to pause and consolidate your portfolio. Fix all the problems whether they be people or the properties.

However, once that is done I can’t see myself sitting on the sidelines for years waiting…[Read more]