Dear Steve and David
I did attend second time around, but found parts of it repetitive, having heard it before.
It was nice to talk to like minded people though.
May I suggest, dear Steve, if you are game to do this seminar again, pitch it at different levels, eg. beginners and advanced.eg. one day each.
Beginners can have their motiv. speeches,…[Read more]

Worth it 100%
They will chase up tradesmen, if something needs repairing etc etc, pay property bills for you, check tenant references.
After 4 or more proerties, you cna ask for a discount, 5%commission in my case.

I am sorry to hear! the risk of owning property and renting, ie being a landlord.
Has the r/e property manager done his/her homework on this tenant and checked out references.
I did have an inherited tenant, who stopped paying rent and eventually disappeared into the night, leaving behind a pigstie but no structural damage.I had some help from the…[Read more]

Its already partly done but may I suggest having a much more structured forum.
Eg. Break up into different topics:
Finance, Renovations, wraps, tenants,
Structure (company/trust/individual)
buying/selling, negotiations, legals,
Real estate property managers, tax/accountancy issues, developers, courses/education.
These are to name a few.
It would…[Read more]

I did start doing that also Dianne, but found the book-keeping very frustrating because I was forever transferring money between accounts.
There is a better way!
I strongly recommend a good book-keeping software, eg quickbooks, is the one I use and am familiar with. You can also get Myob.
it is well worth the outlay as your…[Read more]

We had a similar situation buying a beautiful apartment on the gold coast, with the original intention of living there.
It was very much negatively geared and what makes these places even more expensive is body corp fees (almost 7000 p.a. in our case). We sold at break even point, when we decided to stay in Melbourne.
i think to hold this sort of…[Read more]

I am in the process of prepaying my interest, the bank has to redo the loan papers.
I am only doing the one property we hold in our names, since those held in trust arent earning a positive income.
My approach is cashflow neutral/capital gain, more like Stuart’s approach but not in any way as gun-ho.

Great to finally meet you Sooshi and to know that this really is your name.
You made the best single mum with 9 kids.
Your role playing was just wonderful.
I agree with you totally and it was good to hear how other are doing it and how you can adapt it to your own use.
Well, this is an opportunity to take well-considered,careful stepping stones in…[Read more]

Just to let you know, have just found a tenant for 1 property, maybe a tenant for the second property, on a casual basis.
It’s always a relief to get them tenanted again, it makes a huge difference to cash flow.

I PAID $40 for one and a half hour parking in the city one day, I almost fainted in disbelief! A money spinner? Lets all get together and buy a car parking building.

We are now up to seven properties and NO WAY able to stop working and live off the income generated.
I think property is a long term investment but certainly doesn’t generate huge cashlow, and definitely not enough to achieve a replacement on your current income, you need to think through very carefully as to how you could achieve this with…[Read more]

I owe 3 carparks in fitzroy st, St kilda, in my superfund.
They are leased to major car park operators, I get a return into my superfund every month, they pay all outgoings, no rental vacancies, no tenant hassles, very little or no worries.
Car parks are often advertised, if they are on a lease back it seems to be not a problem.

My properties offer fantastic value, as previously mentioned, things are still slow.
A few for lease signs up around the area.
I’ve got two property managers, both pretty good.
my sister in law just purchased north of Brisbane, brand new, about to be completed, tenants already waiting and willing to pay 230 per week.

My impression, in the outer eastern suburbs is, that rentals are slow.
Can anyone comment.
Our properties are very neat and tidiy, not overpiced, but just sitting there and waiting.

He must have been very impressive for you to fall asleep.

Is there anyone left in NZ?
Or at least, are there plenty of tenants?
What is the vacancy rate?
Is there stamp duty payable in NZ?

Excellent comments.
We are now starting to get onto our 7th property in just 2 years.
We earn a very good income and have one son, who I suspect is our largest expense.
We live very modestly but comfortable, because cashflow even with those properties don’t allow for extravaganzes, like o/seas trips, big screen Tv’s, fancy cars.
Our lifestyle is…[Read more]

Agree totally Gary, no reflection on the integrity of a propeprty investment company.
You have to remember that these people will take their cut and its the consumer that has to pay.
That’s fine if you are not able/willing to do the ground work yourself.
unfortunately no one will hand you the perfect property/share/investment on a platter and you…[Read more]

How about distributing any profit to a company, which has made a say share trading loss, can the distribution be offset against the loss?

Interesting question, I think developers have high risk and therefore have high profit margins.
I am sticking to developing my suburban backyards, so I know roughly my profits, risk and my choices are high in terms of keeping the backyard land and building, selling the land or keeping the backyard and selling the fronthouose or keeping the lot.