funny what lifw throws at you

Hi Tag?

welcome to the forum and good luck with the investing. Keep reading and researching but remember nothing beats the experience of doing! Get out there and make some offers. Most of all have fun.

Cheers

also delaying the purchasing decision for that long will have a positive effect on the demand for rental accomodation as would be first home owners wait until they qualify to purchase?

This is a hard one JD. Not sure what you should do but here goes.
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The repayments you have on this property are what you would have expected when you got into the deal. ie you knew there was a shortfall. There is nothing wrong with that particular strategy.
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In this case the capital gain has not materialised which has you worried.
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Considering…[Read more]

Hi,

You can also get lucky. I hardly ever initiate conversations about investing around friends or family. However, I am very lucky to have family and friends that are very interested and have also invested so it makes it easier.
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You get better at picking the naysayers over time and learn to give them a wide berth!
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Good Luck.
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and this weekd tips!

Sea Eagles

Storm

Dragons

Warriors

raiders

panthers

anyone have anything different?

The only trouble with the airless spray is the time you spend masking the windows and doors etc. Should be no probs to paint over the laminate using the products that the others mentioned.
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Cheers

Good point CD. The IRD treats undistributed trust income much more favourably than in oz. So in theory if you have truely cash positive properties you can leave the excess income within the structure without making distributions to the beneficiaries at home in OZ or wherever. The OZ tax office will smash undistributed trust income earned by aussie…[Read more]

True! However, seems like a step in the right direction for encouraging national savings. The buzz is that probably only around 1/3 or 1/4 of NZ tax payers would be inclined to join the scheme.
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The rest could either do better on their own or plan to do better and never get around to it.
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I was just reading that the scheme gives you access to…[Read more]

you are on the right track with the basic reno’s at this stage of the game.
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If your goal is to on sell this property there is an argument for leaving the kitchem and bathroom reno until the very end so that the new purchaser gets the full benefit.
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Don’t forget there are fixed rate products out there that let you redraw your additional…[Read more]

Hi Dr X,

How did you go with this purchase? Has it settled yet? Are you in a position to disclose the location?

cool Dr X

Hi Dr X,

What street is the small plaza in? What sort of return are you getting for the commercial property?

not sure if knights can beat the warriors. They are at home but they have not even looked like winning this season.
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Roosters are due for a win but against the dogs it will be a big ask.

Is it all over for the knights?? Looks like it will be the wooden spoon for them this season! they can’t even beat the bunnies – that’s bad. They play at home this week, is anyone game to tip them?

Take Marc’s advice about not doing the job yourself. I did it once 15 years ago and saved bugger-all. It took me ages, too – especially the edges. The finished floor looked okay, but I could definitely see where the machine got the better of me – that big belt sander takes some wrangling

Sure if you are only going to do one house. However, if you…[Read more]

savvy investors should do well in any market. Good to see some robust discussion on the issue though!

Great news,

Good thing about these figures is that they are supported by major commercial activity and infrastructure investments in the region as well.
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Good Luck

Hi Smithy,

You can get a direct flight to Dunedin for around $200 plus tax and accom for around $80 a night. Invers is certainly doing well right now but it is definitely a town that I recomend seeing before you buy (as with all places).
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Even if you leave the buying to someone else if you go there you could pick your street or even the block…[Read more]

Would have to agree with you Geoff. There is a very positive vibe in the South at the moment which is finally being backed up by the numbers.
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Good Luck