Have you read a book by Martin Roth and Chris Lang titled “How Investing In Commercial Property Really Works”?

Another suggestion is to make contact with several commercial real estate agents and find out what they have listed. You will need to know the location, size of building, net rent, tenant, terms of lease etc. This way you’ll have some…[Read more]

Originally posted by OSienna:

I don’t think you were making much of a point in the first place.

Firstly if you cannot understand my point then there is not much more I can say.

The original post was asking for comments on Newland’s new book, “The Day The Bubble Bursts”. You responded by making a broad generalisation based on his previous book.…[Read more]

Originally posted by OSienna:

Ibuycashflow, if that’s your criteria for judging an author then you’d probably not recommend any of Robert Kiyosaki’s material either. He was once a homeless bum and a bankrupt back in the 80’s. Try expressing the same sentiments towards Kiyosaki, but be prepared to for the wrath of his many supporters.

You really…[Read more]

Originally posted by OSienna:

Would Newland not argue that he has learnt from his past mistakes? Surely that can only add more credence to his advice.

I’ll reiterate the first half of the paragraph
As with any of these books and advice you have to learn to understand the pros and cons of property investment rather than take someone’s word as…[Read more]

I haven’t read Olly’s latest book “The Day the Bubble Bursts” but have read a previous book of his called “Lost Property”

It gave some very good examples of how people lost money on property through panic, over extending themselves, greed and bad judgement.

Olly himself lost a lot of his wealth after the 1987 sharemarket crash but has since…[Read more]

You need to find out the going rent rate per square metre of space in order to make comparisons with your subject property.

Location is an important factor determining both rent rates and value. (eg backstreet strip shops have lower rents than high street shops or malls)

Retail rates are effected by the likes of pedestrian count, vehicle traffic…[Read more]

Just a point to remember, many mortgage repayments on IP’s include a principle content. This reduces the amount of the loan over time and also reduces the amount of deductible interest.

So why would you want to do that when you have a mortgage on your PPOR that is not deductible?

It’s best to apply all the principle content to your non…[Read more]

So a relatively small number of people who previously couldn’t afford to buy a house can now afford to buy a house as housing affordability rises. Once these people have bought, the additional demand will abate unless interest rates continue to fall.

I don’t know where you get your data on, “the relatively small number of people”, I would be more…[Read more]

A 10% increase in your property value with a 10% inflation rate means the ‘real’ increase in value of your property is 0%…

If you put down a 10% deposit on a positive or neutral cash flow IP then a 10% increase in the property value would reflect a 100% increase in your deposit, 10 times that of inflation.

We are property investors for a…[Read more]

Have you not heard of Price Elasticity of Demand (economics 101 again) Price is directly influenced by demand.

Lower interest rates will of course make it more affordable to buy a house, hence increased demand.

Your views on value, whether it be fair or rational only become relevant regarding supply. If supply can match the demand then prices…[Read more]

To arrive at a Ten Year Average, we must look further than just the Last Ten Years.

Correct Foundation, but then that’s averages.
Define average. Analyse the data and don’t generalise it, you will find that even when prices do not increase across the board there will be some who run below the average, some will match it and some will exceed…[Read more]

Introduce yourself Blondie “Hi, I’m the boogie monster”

When should you retire?
– when you can afford to
– when you reach the age you can recieve the pension
– when you’ve achieved all your goals
– when you find something better in your life

While I won’t manage the conversion myself I will have active involvement – are you looking for a job?

By the way “Hot Rock” is taken and their associated bar is called The Lava Bar, which I think is pretty cool.

Just had a couple more to think about.

The Lamb and Gumboot

and Steam Rock

Originally posted by foundation:

No but most people could have maximised their capital gains by selling mid to lat 2003. I was also inferring that somebody who had only ever ‘invested’ during Australia’s biggest ever housing bubble is not really in a position to give sound financial advice, particularly at this point in time…

It has hardly…[Read more]

Three questions to answer:

Where am I now? (write it down in terms of wealth)

Where do I want to go? (eg millionaire by 30)

How do I get there? You need a plan that you can constantly refer to and revise if necessary. Check periodically to ensure you are on the right track

Cheers
Jeff

http://www.open2view.co.nz

I wanted to avoid using the location in the initial name because I have my eye on a property in another town which is also suitable for a conversion.

If it’s any help though, it’s Rotorua NZ.

Cheers

Answer: A ride on lawnmower

Question: How do you fix the brakes?

Good one Rodm,

I once knew a girl nicknamed Spanner and I’ve just realised why they called her that. Talk about naiive.

How about “fair suck of the sav” or in one case “fair suck of the sauce bottle” – I guess this is where you’ve crossed the line from hard bargaining to unreasonable.