Often the farming community is serviced by fuel distributors. They receive bulk deliveries mainly of diesel and these distributors may travel some distance to service the community.

Steve you said the tanks were owned by the Caltex Distributor who no doubt supplies this site. That Catex Distributor no doubt, supplies the farming community as…[Read more]

Hi guys,

Its seems to me that property investment is at its worst point in 5 to 6years. I beleive that property price are way to high right now to start accumulating and to be holding property right now is a great risk.

This is a broad generalisation, not every country, city, or suburb will move at the same rate or within the same timeframe. I…[Read more]

Don’t base all your opinions of the fuel industry on retail margins alone. Remember that most of the major oil companies are involved in exploration, wholesale and retail. Each area commands its own margin. With oil prices at a high most of these companies are prepared to suffer losses in the retail area because they’re creaming it on the value of…[Read more]

Steve,
Of course I’m interested. Even just for the sake of viewing figures and making comparisons.

Cheers
Jeff

Hi Steve,

All my sites have been fine except one. The tanks were lifted by Mobil but I managed to keep the mechanic on as a tenant and still get a reasonable income from it. The failure of this site was largely due to future roading changes and Mobil could not determine if they would have enough time to get a return on their…[Read more]

Getting into commercial property first is fine HotProperty. It is just that the normal course through property is with residential because people understand it more easily and the entry level tends to be a lot lower.

If you are more comfortable with the risk involved with commercial property then it is highly recommended

Cheers
Jeff

Residential is a fantastic stepping stone to commercial, but I wouldn’t go selling off all my houses to buy one big commercial property. Best you move into commercial carefully and learn to walk before you run.

If you had a hundred houses you comfort level would already be greater with regard to price. Look at buying a smaller commercial…[Read more]

Steve,
I own a few petrol stations in NZ and have worked for Caltex Oil in Australia.

The steel underground tanks can leak over a period of time but there lifespan is dependent on the water tables in the area.

These days the u/g tanks are fibreglass strapped to a concrete slab and with an indefinite lifespan.

In the good old days the oil…[Read more]

Hi Matt,

What do you want to know about smelly Rotorua?
I have a good portion of commercial property in Rotorua and a couple of houses as well.

I was dragged up in that neighbourhood so am only too willing to help. There are good areas and bad but you can still find a bargain in both.

Some Property Managers will not take on IP’s in Fordlands…[Read more]

There are a stack of Mortgage Brokers in NZ, some even contribute to this forum (ie NZ Mortgage Broker). Mike Pero Mortgages has just listed on the NZ Stock Exchange and there are many others if you refer to the NZ Yellow Pages (www.telecom.co.nz)

I suggest you make contact with one of them. Try and select one that is in the general geographical…[Read more]

Sorry Miracle, I tend not speculate on property in this way, unlike the sharemarket. The most common clauses I have used in the past are: delayed settlement, subject to arranging tenancy or just a general due diligence clause.

If you are interested in getting options to buy properties and on-selling them before you have to settle you should get…[Read more]

I agree with your earlier post Kay, quantity is not always the best option.

When I first began in property I bought “as many” cheap houses as I could. Now I spend more time on each deal ensuring better quality, growth and potential. The deals are in a much higher bracket now and part of the equation before I buy is what I can do to “add…[Read more]

A “put” option gives the holder the right to sell at a specified price (strike price) with in a specified time frame (expiration date)

A “call” option gives the holder the right to buy at a specified price by a certain date.

You take out a put if you expect prices to drop and a call if you expect them to rise.

Derivatives provide good leverage…[Read more]

Westan,

We don’t need a Happiness Institute in NZ – we’ve got sheep.

Jeff

I would be interested to know how you get on in Vanuatu.

It is a place I have considered but haven’t had time to research.

Jeff

If this makes you feel any better I have also had roof and guttering problems.

I contracted a roofer to repair the leak and he has told me the roof is shot and needs replacing (est $10-15k). Anyway, he repairs the roof to the best of his ability and stops further leaking until such a time as we can replace the roof.

Now the tenants are taking me…[Read more]

Sorry Misty1 for the delay in reply – I’ve been shopping!!

No, the pinball machines and pool table collected about $800 pcm for the first 6 months and then the income began to decline. The method is to have a number of sites and you just move the machines to new locations.

I moved over to the coast and the Diner changed hands so just took the…[Read more]

Misty1

A few years ago I bought 2 second hand pinball machines and a pool table for $3600 and placed them in a small suburban diner on a 60/40 split. For the first 6 months they collected an average of $800 pcm.

I now keep them in my games room, they’re great fun after a few ales

Cheers
Jeff

Hi Dreamweaver,
Yes you can transfer the IP into the name of the Trust at a later date. It will cost you legal fees and probably something regarding the mortgage transfer etc.

I probably wouldn’t bother with the one, just ensure you purchase future IP’s under the appropriate structure.

Cheers
Jeff

Hi Jo,

Surely though, option A must have a value as a deal – what price would it be worth to you to opt for A instead of B.

Perhaps that price might be worth offering as you don’t know what the other guy is offering. You’d be kicking yourself if he put in a low offer and got the property.

I say make offers for both at the prices you are…[Read more]