Hi Geoff,

Great to see the population trend in Invercargill well an truely on the up. Good to see a forcast for long term sustained growth.
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Good Luck.
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Does it have a view?

Hi Alaine,

Found one property in Hamilton with current tenants paying $260/ week and asking for $209,000.

Hopefully you would be able to find a better return than this. Might pay to use the search function to see where some of the other forum members have been investing. Purely for the types of return achievable and the discussions about pros…[Read more]

Two jack russels. Girl called tiny and the boy scampi. Not very original but one was already named before we got him.
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Good Luck

This Weeks Predictions;

Eeels

Broncos

Cowboys

Raiders

Warriors

Bulldogs

Roosters.

Good Luck.

I know property investing is long term but in Steve’s newletters he seems to be recommending that people sell underperforming assets now (ie: before further interest rate rises). Isn’t this house underperforming given the cash on cash return and return on investment?

Not really. You say there is no debt associated with this property and…[Read more]

Picking the colours and how you will redecorate your IP, no matter how ‘cheaply’, is one of the most fun parts of property investing and one which is really rather satisfying!

Agree, if you are not having fun why bother really. Got to make the place somewhere the tenant likes living. Give it a bit of a personal touch.
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Good Luck.

Sounds Good. Not sure about the forms you are talking about as we are not from SA and don’t have any property there.
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Don’t know if going to vendor direct at this stage would be appreciated by the agent. Might think you are trying to exclude him/her.
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I think that you have to keep your goal in mind. In this case are you looking at this…[Read more]

Hi Breej,

So do any of you think I should just do the negotiations myself through the phone and fax?
Should I just ring up the agent myself ask if the property still on the market and I’d like to make a written offer?

Just a few extra things. If you go this way try not to make the agent think that you are a seperate and new party in the…[Read more]

Ah… but can the knight beat north queensland. Knights get gidley back this week. Wonder what impact he will have?

Hi Wayne,

Well done in the negotiation. It will only get easier for you as you get more experience.
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Good Luck.
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Come on the Knights!

Go Joey!

Derek has a very good point. You can achieve some very good results on a budget but it take a bit more than just waiving your cheque book over the yellow pages.
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5k is probably on the mark if spent wisely. I can’t really see the benefit of paving yards and doing decks etc unless you are going for resale(immediate). Paint and fittings are the…[Read more]

Gee.. not sure if the owners would have the right to copy and onsell the plans. I’ll have to think about that one some more over this coffee.
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Good Luck

HI Geoff,

One down side is some towns have long lead time to get works done due to a lack of tradies.

This can be a problem and we have experienced this. One negative experience we have had is with a smaller place that needs a bit of work.
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Asked pm to get some quotes and she came back saying that the locals were to busy to quote and would only…[Read more]

Hi Nobleone,

Hope this situation gets resoloved for you quickly. We will be on a trip up that way soon if you need some fresh eyes or some photo’s etc.
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yes, i’ve actually got rid of the property Bought it for 65 sold for 110 k eight months later so i can’t complain , but her poor management was a facture i my decision to get rid of it.

Well…[Read more]

We have changed all our policies to the national bank nz. They also go through tower. Not sure if the anz and national are running seperate insurance businesses have merged as well.
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Good Luck

Hi Westan,

There are some great thiongs in the pipeline for Invercargill which i will share with you all another day.

What’s the goss?

Hi Alexmmc,

“We have been told that banks will not let you access the accumulated equity in NZ property to leverage additional property puirchases”

nz has a modern flexible banking system with all the appropriate products to access equity.

regards.

would love to comment but our api has not arrived yet either?