sounds good to me!

Cheers

very cold! Christchurch? am I getting warmer?

Hi Elbows,

Welcome to the site. This same questions has been asked before and usually gets the response “go and do the hard work and find out yourself”.

Nigel is on the right track with NZ. There are good deals around over here and another thing is that the industry is starting to mature. What I mean by that is that as the level of information…[Read more]

Yes Dazzling it does get a bit confusing. I (Don) probably spend the most time on the forum but Liz also makes a big contribution and spends alot of time reading and posting. Often we are on the forum together and discuss peoples views ans new ideas that we here about. We are very lucky as the investing is a geniune team effort. Yes it is all very…[Read more]

Dazzling,

Good Point and that is exactly why I am interested in the subject. Our portfolio contains a mix of properties including some of the cheaper ones. I was interested to see if any investors would share how the types of properties they hold has changed over their investing career.

Our focus has been residential property with a buy renovate…[Read more]

Hi Guys,

It is great to see that you are thinking about the structure of your investments. This will become very important as your planned portfolio grows in size and value.

There are many variables to consider.

The best advice I can give is to find a very good accountant and solicitor and go over your personal circumstances and your goals…[Read more]

On the other hand, the over 25s (and baby boomers in particular) may discover that the fortunes they have reaped from property investing are largely illusory, the under 25s find that house prices have returned to their historic trend (as they always have in the past), and the intergenerational rift will heal.

Hi Foundation,

You lost me a bit…[Read more]

Yes Quiggles that is an old number .

It would be good to get a more up to date number re ownership.

With the huge interest in the property market over the last few years you would think that the number of investors owning multiple properties would have increased.

It seems that there are many people on the forum who own more than five. Would…[Read more]

the others have got it right on this one. The dates are from the date of agreement. Thats when the GGT event occurs.

Cheers

is this a hotel style unit in Wellington?

yeah, I would move out and secure a lease at another property and then invest in a higher yielding investment. Seems like a lazy way to find an IP.

Cheers

Hi Guys,

Yes it would be good to find out some specifics about a story like this.

I mentioned this in a previous post but we went to a talk recently and were given a stat that 85% of the complaints about landlords that were serious enough to go to mediation were about Australian Landlords (in southland) . I am not sure why aussies are so…[Read more]

but my non-ressy tenants I haven’t spoken to since we negotiated the lease in October last year. I am just enjoying seeing the rent go in the bank…

JKM raises a point that is probably one of the biggest mistakes we made very early on.

Ignorance is not bliss. Just because the rent is coming in and the management report read okay does not…[Read more]

thanks for that one G7. Very interesting reading.

Cheers.

Hi Sg,

People say money follows management! Tenant selection, maintenance, maintenance programs, insurance, (landlords and building), finance (product selection) finance (debt reduction), record keeping and accounting, monitoring capital value and rental yields, meeting tenant needs to increase yields, exit strategies. You need to try and do…[Read more]

Hi Grant,

Peronsally the DHA property are not something I would go after. If you are putting yourself in a situaton where you put miney towards the property each week out of your own pocket you need to ensure that the loss is covered by capital growth.

ie you pay now because you think that the property will go up more than it is costing you in…[Read more]

Oh, and make sure you involve the whole family and have lots of fun along the way with your investing endevours.

Stargazer,

looks like you have some experience in property investing an have accumulated a bit of euity over the past few years.( the suburb you have purchased your IP in has not exploded like some but has shown some growth)

Good to see you putting your situation out there for people to examine. Did you do this to motivate yourself?

My advice…[Read more]

I have not heard of a person having a policy cancelled before now I come to think of it. This person must have remembered and event like that and been making a conscious decision not to insure.

In that case this person should probably question whether property investment (direct) is a suitable wealth creation tool for the.

No insurance!!! I mean…[Read more]

Thank inez,

There are so many variables in a deal like this. Firstly, we made our offer through an agent that we had dealt with before.

Although the market was very hot and the agent indicated that he had received offers of 105k I submitted a written offer of 100. In the offer I detailed info about how I would proceed with the deal and where I…[Read more]