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DB could definately be a winner for the right type of buy right now imo.[
]Hi Mini, one question[
], you guessed it, why don`t you buy them!, surely you could purchase these at the drop of a hat, they are free houses and like you said the more the better, past debates and all things considered this is a fair question.
Recently I read an article regarding Auckland tenancies which would put a major scare into anyone investing in NZ.
In a nutshell, it said rents are dropping by huge amounts due to “fussy” tenants and places remaining vacant for long periods.
With so many investing there in these CF+ properties already, wouldn`t this translate to the same problem in any area, but especially the cheaper higher yeild areas?.
If this were happening in a city such as Auckland couldn`t that be a bit of a gauge for the rest of NZ?, especially considering the vaste amount of overseas investors they are now attracting?.I say go for it Blowie!, I have the same opinion of the North of Brissie, especially if prices have only gone up by 80% in the last couple of years, that`s no where near the mark.[
]Mini I`m very positive with R/E and merely took a negative break[
], but do you believe it`s possible for anyone to lose in R/E?.
Are you the least bit concerned about the greater divide between the rich and poor?.
Do you see how if too many investors bought investment properties it could become a problem and that maybe the lucky few will survive but the vast majority of these investors could have serious problems.
Saying R/E investment and financial freedom is easy is comparable to saying relationships are.
I do believe in being positive in life but just because it`s all gone rosy for you doesn`t mean it will for others, you have an answer for everything, life ain`t like that and neither is R/E and the fact is right now is not a good time for the majority/inexperienced to be getting excited about being financially free in R/E.
You said I ducked a question but then go on to admit it can`t now be done in Aussie, maybe NZ…then where?. You are recommending that inexperienced investors buy overseas?.[][][V]Im 38, and bought my first place in early 20`s, but did take a fair break from it, so in fairness probably ten yrs.
I`ve studied the property market, countless books etc since the beginning but in all honesty really seriously seeking financial independance (didn`t believe I could really do it) for probably only 5 years.[]
Reminds me of one of the first books I ever read regarding success/investing etc, when around 14 yrs old (my dad gave me it), Napoleon Hill the author talking about how long he researched Think and Grow Rich, can`t remember exactly but it was a long, long time, maybe 20 yrs, it may have been double that, in the making lol.
I`m sure he did ponder for many years how the rich and successful got that way but I seriously doubt he set out to write and intensely research the book that long ago.[][]
On a bit of a tangent, something about this book annoyed the heck out of me, it took me many years to figure it out, finally I realised the whole basis of the book was repeated affirmation of orders to the brain, and after he had gone to great lengths to explain how very little is known about the human brain!, meanwhile he was one of the richest men in America primarily from a book where the results totally depend on a central theme he freely admits to not having the foggiest idea about, go figure!.[]Originally posted by richmond:how close are you to getting to where you want to be markpatric? Considering the length of time you’ve been investing you must want a pretty expensive PPOR
cheers
rI have been investing a fair while but I spent a lot of money along the way, and made business mistakes early on, but my ppor should be worth between $500,000 and $600,000, it would take a little luck but I could almost own it by christmas. (touch wood)
Once I hit that point I will be in a good position to do renos fulltime, but probably only three a yr.
That`s my short term goal.
But once I`m there I`ll take a big deep breathe and probably take a break from R/E for a while.
Today actually was a big step toward this goal, by chance I ran into a excavator operator who was in the area and all of a sudden he is currently doing the driveway and right up high on my acreage where there are some magnificent veiws, and it`s being done so cheap I still can`t believe it. He got to about half way in a day, it`s transformed the block like I never thought possible!.[:o)][:o)]I agree with Kay and Rebecca 100%, it is too easy to become a repulsive type in R/E, I go through stages of investing but always double check my state of mind along the way, you just can`t constantly seek out maximum dollars all your life, you need to get some comfort and find other interests, in fact I would like to buy into some form of business and get right out of it in two years.
Money is important but good family and friends are far more important and the idea of hanging out with successful types in order to further yourself makes me want to chunder to be blunt about it.[]PS. bdsm =Buddism??
]
], you guessed it, why don`t you buy them!, surely you could purchase these at the drop of a hat, they are free houses and like you said the more the better, past debates and all things considered this is a fair question.
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