Hi

We own a few cheap houses in NZ (a couple around $100k) and have rented them successfully for years. I’ve looked at some of the ones around the sub 100k range and you really do need to do your dd. Just because someone is living in it does not mean that it is fit for habitation i.e. standards in rural NZ can be extremely poor in terms of…[Read more]

Hope I’m not hijacking this post. I’m trying to understand the calculation ‘$100k income is $1.7m invested at 6% yield.’ I have about $1.1m invested in property, about $400k is debt. Does the calculation above rely on tax deductions on $1.7m debt. I’m just trying to get an idea of my own cashflow from investment.
thanks and sorry for pushing in!

Thanks Benny, I’ll have a look.

Hi Richard,
Thanks I’ll take you up on that.

Hey Richard

Thanks so much for your motivational comments. I need them as have no one else to talk IP with, and I love it as much as you.

I have a problem with numbers which isn’t great for an investor (:/) but I pay my accountant a lot of money so hopefully have that covered and he does have his reasons for current structuring. I’ve used ANZ…[Read more]

Hi
Thanks for your replies. Sorry the figures are confusing and I wasn’t clear. I was confusing myself with some properties paid, some not, and currency conversion. Possibly not that much detail is needed. One of the properties is a UK one bought years ago, that we couldn’t sell due to GFC. Its worth about $370k. The system there has been kind…[Read more]