Hi Bornfree.

Yeah I agree. Well done for getting into the market. Seems like you have the right attitude.If you keep an open mind and stay willing to learn new ideas and keep your mind open to new opportunities you will do very well.
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Remain flexible and keep your eyes open.

Simply can’t go past Kelly Thompson at LJ Hooker. Professional and efficient.

Hi, Just a thought. Landlords insurance is now readily available in NZ. The industry is getting a bit more competitive. The cost is well worth it.

Would have started investing earlier and leveraged more in the early years.
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If you had to leave the country (forever) in a hurry and could only take one suitcase (20kgs) what would you put in it and why?

Not so long ago Peter Spann was in the forum answering some questions. I have read both of his books and found them to be very informative and motivating.
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Peter freely advised that his seminars are not for everyone and that there was no information that you could not get from his books. I respect him for such and honest answer in a public forum.…[Read more]

HI DD,

It’s exactly like that in our suburb. You can rent brand new 3brm townhouses for 250-280 per week that are listed for sale at 510-600k. When we bought our home in the same suburb (2001) we paid 240k. Old fibro homes selling for 500k plus are renting for 200 per week. Just does not make sense to have a half million dollars of non…[Read more]

Ettalong Beach, NSW. Moving to NZ this month.

Thanks ozi. That clears up some of the confusion over this issue.
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Regards

Don and Liz

Hi Ozi,

Were you able to open a personal bank account or did you open one in the name of your company/trust etc. Did it have net access.
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Regards,

Don and Liz

Hi Dazzling,

It’s a business decision for alot of residential tenants. Like many people in the forum we rent out ppor for cashflow reasons.
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Good luck.

ratherBfishn, I wish I had bought in portland in 2001 or 2002.[biggrin]
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I tend to agree with the others. There is no harm in consolidating your position right now. You may be better to sell one or both of these properties and get back into the market when you are in a better position to move forward. It would be better to have capital in the…[Read more]

Hi Resiwealth,

Alot of the ideas you are talking about are in the millonaire next door series. I found them fascinating books to read for many reason. The most obvious was the way the data was collected. ie finding actual millionaires and asking them questions and following up with indepth questions in a focus group situation.
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Some of the ideas…[Read more]

Aussierogue has a very good point. There are plenty of people in this situation. We are also renting ppor and if the agent asked as for more rent we would do exactly the same thing (if we were not already in the process of packing boxes).
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It may be nice to think that we can control the market, however, as individuals it is highly unlikely that…[Read more]

Hi Sparticus,

As mini said before most agents will do the appraisal for nothing and be happy to do it (the ones worth their salt anyway).
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If the selling agent won’t let you into the property to make reasonable enquiries (including the appraisal) then their may be a reason.
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I don’t want to get to far off the track but sometimes the properties…[Read more]

Hi Mini,

Good to see banks having more confidence in the area.
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Regards
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Don and Liz

Hi Bill,

Welcome aboard.
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Do you currently own any property in NZ. If so would you mind disclosing where.
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Good Luck.
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Don and Liz

Hi,
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Bill has a valid point. When we first applied for finance in NZ in 2003 the bank pre approved 500k but told us they would not finance tokoroa at any LVR. At that time I did not even know where Tokoroa was and had not asked then to finance property there. Then again plenty of other people have bought there in the mean time and profited from…[Read more]

Sounds good Simon. Have you ever had any problems with the administration of this or have you found that the utility cost stay reasonably stable over time. ie are not that big an issue.
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regards

Hi Sparticus,

I have found a good question to ask is “do you have a tenant in mind that could move into this property this week at the x dollars you have just quoted with the property in the condition it is in.”
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That will give you an idea of how accurate the rental appraisal is.
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I had a situation once where I got a written rent appraisal from…[Read more]

Cool,

Is there any way you can limit the electricity use etc or will the consumption level/cost be determined by the tenants.
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Good Luck.