Some banks allow you to do it via the internet (ANZ does) with limitations on the amount you can transfer per day. I haven’t seen a way to schedule international transfer automatically – you may be able to ring them and do it over the phone. ASB has a ‘foreign exchange’ feature in their internet banking. It usually comes with some service fee so…[Read more]

According to Steve only a few of the original MAP (see Steve’s 2nd book) participants are still doing full-time investing. This would seem to hold the 95% theory pretty true. Even after some initial success and mentoring the temptation to let life get in the way is very strong.

Another Steve quote that comes to mind is that it’s just as hard to…[Read more]

Brilliant. Thanks for sharing Kiwi.

Brilliant. This principle is so critical. Thanks for sharing.

Hi MiniMogul,

Thanks for your post. I’m looking at a possible sub-division of an existing block of units in Hamilton. Have you ever done this before? We’ve spoken to a surveyor who had a quick look and said it should be pretty straight forward.

I’m thinking of tying the subdivision to the settlement date on the S&P agreement, but this would only…[Read more]

Thanks for the tip Richard – much appreciated. I will need to add some terms to our contract to cover this. Do you use specific wording for this provision? It sounds pretty straight forward.

I’ve had a second surveyor confirm this so it looks good to go. Thanks again.

Ok, perhaps I should have posted in the OS Deals forum. Well, I spoke to one surveyor who didn’t think there would be any issues. I’ll see if I can get a second opinion to confirm this.

Originally posted by voigtstr:
Anyone? We are going to the open home today, and I need the wording to put on the contract today

Basically the correct wording for the following gist “this offer will lapse if not signed by the vendor by (time) (date)” Does anyone have the exact wording handy? Please?

I realise this is months too late, but we’ve…[Read more]

Fantastic advice. This is a major decision in an investment career. If you can detach yourself from the emotion that comes from home ownership then you’re more than half way there.

Fantastic stuff MaiA. You solved his problem (poor marketing and needing cash) and made a profit via better marketing and no/manageable financial pressure. There are some really great stories on these forums if you dig hard enough. This is one of them. Well done.

Wow, some excellent ideas/thoughts here. Full marks to everyone!

Originally posted by Forklift:
…You have had many good pieces of advice given here already and hopely I can build on that. I still do not regard myself as seasoned, or any sort of expert, but we have done a bit…

Hi Forklift,

Great story – perhaps you should write a book too . Seriously, this is a great post from someone who obviously takes…[Read more]

Originally posted by alexpk:
Could someone help clarify the abbreviations in the pdf templates under the loans section

P/Y: Payment per year?
N: ?
Start / End ?
(PMT)$: per

P/Y: payments per year (12 = monthly)
N: Total number of payments
Start/End: Is the payment made at the start or end of the period – this has a slight affect on the…[Read more]

Hi Angela,

I’ve recently setup a structure that I believe is identical to the one that’s been proposed (possibly by the same accountant). The company acts as a corporate trustee for a family trust that ‘owns’ the property. The directors of the company retain full control and responsibility for the asset, but the company itself earns no income and…[Read more]

Hi Nugen,

This is a very popular, well discussed topic on these forums (and others). In short, if the properties were bought in your own name then the ATO will count your CG as income. Even having trust structures doesn’t automatically mean you won’t have trouble with the ATO. It’s an issue of where these properties are ‘controlled’ from. Even…[Read more]

I am really impressed with Rotorua’s council website where you can get zoning maps, aerial photos, rate details of individual properties and details about sub-divisions for zones. Check if there is a similar site for your target area.

http://www.rdc.govt.nz/Default.htm

KA2’ers,

Now that the dust has settled and most have resumed normal life, I was wondering if anyone (in Melbourne) was interested in getting together. The intent would be to simply keep in touch and motivate each other. Send me an email if you are interested. Thanks.
-Gary

Agreed. An awesome experience. So who’s up for a return visit later in the year?

How many coming to Tokoroa? Anybody want a conducted tour of Tokoroa?
Definitely! Getting an insiders knowledge would be invaluable – how do I reserve a spot? It’s very generous of you to offer.
-Gary

I can’t make it for this Friday, but I am keen to catchup again. It would be good to get other KA1 participants to come along too. So if there are any out there who want give us some pointers then please make yourselves known. Peter’s (giraffe) insights at the last meet-up were most appreciated by all.

Since there is less than 8 wks to go perhaps…[Read more]