Hi Lucifer,

“Selling an option on a property would be hard to define as bird dogging.”

for the purposes of our services, it is very much bird-dogging – i.e. we find deals for investors with a lot of the DD already done (not builder’s or valuation usually, although there are some that offer that but they charge about $2000-3000 more than we do.…[Read more]

Hmmmm, I don’t much like renovating properties – that is, slapping paint around on a roller is fun for 2 hours, but i did it once for 4 days and the novelty has worn off. Besides I don’t have time these days, there are fish to be fried and television programmes to be made!! but I digress….

Nevertheless, it’s the disgusting dumps that (if…[Read more]

I am ‘bird dogging’ (definition: finding deals for investors – the ‘how’ is very different from bird dog to bird dog) in NZ and it’s legal. (Specifically, we inspect, negotiate and sign up conditional offers and then assign the contract while still in the due diligence phase.)

We do this ‘on spec’ and then offer the deal to a client list who are…[Read more]

http://www.backpack.co.nz/

the BBH network is ‘it’. The rating system makes it easy to pick a hostel. The info is online, but also, when you get there, pick up the hard copy booklet.

freedom air is fine. never flown it myself as I haven’t needed to get to those places from international, but know loads of people that have. Virgin also flies to…[Read more]

cocr seems a little low considering that you could probably get that on a term deposit.
are you expecting capital gains or rents to rise?

Is the COCR figure etc based on best case, but what are the numbers like worst case?

apart from that in general terms Dunedin is fabulous, but have you ever been there?
i would recommend it.

cheers-
Mini

joy…[Read more]

Hi there,

several months ago while in NZ I saw their neon signs up. I think it was at a roundabout in Wanganui! i called the guy up, being semi-anonymously asking questions without giving too much away, ‘what are you doing? how are you doing it? Who are you? I might have a property for you, but you’ll have to tell me a bit more about yourself and…[Read more]

Buying a negatively geared property for capital gains is speculation. You are speculating that the market will go up. (otherwise, only emotional buyers should apply! Luckily there are always loads of them, because although investors (in their utter arrogance, bless their hearts) think they’re driving the market, it’s actually HOME OWNERS that are…[Read more]

Yah….i.e. evidence that what I am saying is true -t hey don’t get news about the rest of the world in the US. (and if it ain’t on the news, it didn’t happen.)

so if I sum up by saying ‘it’s not their fault, it’s the media’, would you agree or disagree? …oh news media guru?

joy to the world

OH BTW Richmond did I ever say i LOOOVED hanging…[Read more]

“Never argue with an idiot……”

Let’s get back on track. Let’s talk about lemmings…lovely, lovely lemmings…

joy to the world

God loves you Monopoly, but I, flawed human that I am, find it damn hard.

joy to the world

+ve CF property means that the costs of holding are less than the income from the property.
Just a bunch of sums really.

If you want a worksheet to fill in, get Steve’s product buyer beware, which are the ones I use – or at least used to use, before I figured out the quick way which is a yield of X percent or better is going to work for me if I…[Read more]

richmond,

ok fair comment, and YAY!!! about the agree part!

I was only calling them all ‘poor little’ because the americans get only the “news that will attract viewers” i.e ‘about US!!’ , so they don’t get the whole global picture. They get a bias. And so, “biased” becomes their “truth”=

They believe, “because it was on TV – it must be true.…[Read more]

ridi, henry, ozi, wow!
thanks!!
Yah, I’m all about the heart and sOUL, baby
and keeping on going now that I think I have *finally* gathered a bit of momentum. Reading the book about the mappers was a bit of a kick up the bum and then hanging out with some of them was even better.

joy to the world

super ted, “you already know what made the news for the next week after and what gets 5 minutes airtime.” yes indeed, which is what is wrong with the media in the US. More than 5 percent foreign content and people change channels, because they are not interested….

that kind of explains why America is the way it is. the poor little couch…[Read more]

Hi Marc,

Hmmmm…a lot of what you said sounded a bit like
the kind of person that would say ‘I’m not racist but, those XYZ’s, they aren’t like us’ – which is racist y’see.

Ie…quoting you
“The divisions that are alive today are due to …..blah blah blah….. we are by no means equal. We are substantially different all of us….blah blah…[Read more]

Here is the truth, and unfortunately I know that there are some here that will find this the hardest to deal with. It is: that the back of bourke properties (i.e. mine, steve’s in ‘west wendouree’, westan’s, del’s etc) that have way way way outperformed the blue chip or the up and coming inner city areas for capital growth. The highest performing…[Read more]

Hi derek,

the bit you quoted wasn’t me talking, it was me quoting a professional licenced building inspector I hired. My advice is always to consult a professional, and I forget that so many people don’t do that. don’t ask us! Ask your building inspector! that’s what you pay him/her for.
With my property the fibro sheeting was not a roof either,…[Read more]

I agree. Anywhere can be CF+ve. even Sydney, in the blue chip suburbs, I’ve seen ‘potential’ CF+ve…just like it says in the steve book #2. believe it or not. it’s all about how you put together the deal. For example, a 12 bedroom mansion within 4k of the city near popular tourist and local amenities might not be CF+ve as a family home or…[Read more]

and brilliant thoughts they are too PK

joy to the world

Hmmmmmm….5 posts ..your approach being to ‘spam’ the same question on every single topic category. Well, it doesn’t make me 5 times more likely to reply, that’s for sure.

” im currently reading steves book 1 to 103 properties in 3.5 years, ”

honey, that’s 130, not 103.

Lesson number 1: You need to pay attention to detail. If you just swapped…[Read more]