well said ablaze

and then, invested in property, you see the million never shrinks, it grows in value over time and so does the income, which if it’s rent, is indexed for inflation. So a million dollar block of flats returning 10 percent could be a 2 million block of flats returning 200k in 8 -10 years…isn’t that the length of time they say…[Read more]

hey Tung,

“I’ve not been able to sleep (excitement keeps me up til 1-2 am”

Yeah!!!!! I’m posting this at 2.45 am and I hear you! it’s almost like…the dawning realisation that it just could work and you could get there too…if not in 3.5 years then certainly in a couple more…and then…you have options you didn’t have before..which you can…[Read more]

Versace Trackies?
well I played at this $4000 a head (for charity of course!) ball at the Palazzo Versace the other weekend with this Famous Rock Star whose name I am loathe to drop, but suffice it to say he’s a musical genius and I do what I do with him for the fun rather than the money. it’s an occasional thing and odd bit of pocket money rather…[Read more]

Acey,

in the end it comes down to you and I being different in our fields of expertise. Mine includes bird-dogging and NZ investing. It’s your life and you can fill your time with whatever ‘big problems’ you like.

All I know is that I do the best I can, operate on full disclosure between my business partner and I and also with our clients, and…[Read more]

my indulgences:
too many to mention. anything from seminar fees, trips overseas, magazines, cigarettes, entertaining, concerts, every time I buy an expensive brand of anything, designer clothes, spontaneous days or weeks off, etc.

But here’s the magic thing about +ve CF. Firstly at day one of investing you don’t need to *give up* anything because…[Read more]

I agree, I feel also that darlinghurst is an area in transition. Moving away from the Kings Cross scummy thing into the up and coming, new apartments and trendy renovations, double income no kids, urban cafe society phase. doesn’t mean I am quite ready to live there myself being an eastern suburbs kind of a girl but as an investment I think the…[Read more]

Yep I agree, ‘definitions’ as per the law are a complex thing and so really the only person that can tell you if what you want to do and the way you want to do it and where you want to do it is legal or not is a smart and clued up property lawyer in the state where you are going to be bird-dogging.

I certainly don’t have a clue about every law…[Read more]

yes, it’s nuts and bolts as you would expect of an ex-accountant! anyone can think a house is pretty but once you know how to work out whether a house is going to make you or lose you money, you are away. Yeah, read Kiyosaki first to get mentally pumped, ditto Richard Branson, then read Dolf de Roos to get a simplified property investing overview,…[Read more]

who gave you advice and why doesn’t it sound good to you? cause in the end you will shop for advice until you find some that tells you what you already believe.

Go to your accountant and get professional advice. opinion shopping here will give you responses from a whole lot of investors. some earn 300k per annum from a job and own 2 negatively…[Read more]

hey kirsten,

you could either just put a contract on it and then pay someone to inspect it (builder’s + photos) i.e the house inspection company

or else you could get a rental assessment with photos and an idea of what would need to be done to tenant the property and for how much (at an agency not selling you the deal) and make an offer based on…[Read more]

Hi AliG, I can TOTALLY relate!!!

I had a lot of negativity from family and friends and people I wanted to run my idea past. Ah! where do I start? I wanted to buy Waiheke Island, which was CF+ve for 100k house and land. I didn’t, because an Auckland wanker friend of mine (I say that in love!) told me it was a terrible idea. Well, it went up 127…[Read more]

re: “The second factor to watch is world oil prices.”
Michael R said: Correct. But in the not too distant future, the world’s economies will be less reliant upon oil as a primary energy source.”

Michael R –
I agree with you, but don’t you think the US economy is buoyed by all the bazillions of dollars floating around as the world is on this ‘buy…[Read more]

Hi Ali,

I actually would recommend getting pre-approval and borrowing in NZ not Aus. then go shopping! Yes, Aus is a lower rate, but many of the gurus (like Dolf de roos) recommend borrowing in the same country because it’s a hedge against currency fluctuations.

also pre-approval anecdotally from many clients seems to be less strict on where and…[Read more]

Hi guys,

I have a friend who went to it in Brisbane and had a video set of the seminar. I kept falling asleep watching it as like people say there is a bit of ‘speaker’ and then a LOT of watching them play the game ad nauseum (properties posted around the walls of the room, you do pretend property investing and there are some that are CF+ve and…[Read more]

Used to be a gold standard. Countries had to buy oil in gold.

In the 80’s I think it changed to a US$ standard, countries have to buy oil in US$. The yanks said so…

All these bazillions of oil US dollars floating around kept the US currency buoyant.

Then the Euro launched. The US laughed.

Then some countries decided ‘bugger the US, we’re…[Read more]

Basically this is what I would reckon.
1) talk to a property lawyer and discuss what you want to do and how you want to do it legally which protects you and your client, and figure out the best way to do it legally and get documents drawn up – whether that be assigning, deed of nomination, signing up ‘as agent’, disclaimers, and ABN etc
or you…[Read more]

Hey Sonja, there is another person on the forum in the same boat as you X 2 (re your son) so I will draw her attention to it and maybe you guys can be moral support etc!!

Re the blind guy, yeah, a real estate agent was telling me about him. and I can put you in touch with the RE agent. PM me!

joy to the world

You never know, you can sometimes pick something up. the thing is that the cheaper the deal the more people want them!!
but yeah, we have something under 50 for sure
You would have to be on our mailing list though

joy to the world

Crashy! nice to see you again…how’s things?

joy to the world

As for your philosophical question as to how to get cashflow from equity, well call me old-fashioned, but what is wrong with RENT????

i.e. equity
go buy loads of high yielding CF+ve properties (or create them by building extra bedrooms, renovating, selling off a slice of the land,…[Read more]

“leave to God the judging ”

-well said. Re: rivkin, michael jackson, etc etc
We don’t really KNOW. we haven’t been asked to do jury duty. we only know the press releases. Why do we care about rivkin, jackson, jon-benet, whether the dingo ate the baby.

we should be too busy with our own lives, families, passions, kids, projects, plans, dreams,…[Read more]