Pumpkin,

re: boyfriends, don’t you just love a man who is handy. Not being sexist or anything and realising I could do a lot of it if I was into that kind of thing, but I have found that I am not!

My perfect idea of ‘doing’ a reno is controlling and paying for it, but not necessarily labouring. OK I don’t mind ‘working’ on a renos as morale- and…[Read more]

Rosemarie, RM! –

well figuring that you are Swiss, I’ve been pronouncing your name the German way in my head (german was my first language!) – is that correct?

cheers-
Mini

joy to the world

I am loving this discussion which touches on the spiritual ramifications of wealth. If there’s one word that I’ve learned the meaning of since learning to become – and then becoming – an investor, it’s ‘leverage’. Leverage is power.
I LOVE how there seem to be more enlightened millionaires (meaning that care about living an ethical life and giving…[Read more]

Hi Rosemarie, Oh, I think I got you confused with Rose.

OK investing. I would say Queensland might still be good but I think NZ would be as good or better.

As far as specific towns and suburbs go, a few months ago KPI magazine quoted the top ten cashflow suburbs in NZ. kpimagazine.co.nz
I would recommend subscribing to both NZ property investing…[Read more]

hi BB, I agree with you about strata fees/corporate levies and I haven’t bought that kind of property myself either.
Lower end of the market can definitely mean you buy a property with problems. That’s probably how come you got such a bargain in the first place! I have spent about 9k and 14k on a couple of mine doing complete maintenance on the…[Read more]

carports?? I bought a house with a carport once for 16k last year! but i don’t think if it hadn’t had a carport it would have been worth 6k…
I reckon if the house was worth 100-200k and you added a carport it would definitely add value, but then the more expensive the house the better the carport needs to be, I guess. I mean with one of those…[Read more]

Hi Rosemarie,

are you talking about your own home, what will be a principal place of residence in Aus, or an investment as such (i.e. one you buy on the numbers).

I’m not saying that people can’t get emotional about their investments, or that PPORs can’t end up good ‘investments’, or that you shouldn’t no whatever you want to your PPOR to make…[Read more]

Maori Lease-hold land is no different to any lease-hold land, i.e. owned by the church or whatever.

Ages ago I was looking at a lease-hold deal in Greymouth South Island which was some crazy numbers like freshly painted inside and out, 4 bedroom, right next to KFC/shops/town down drive along the road from the local Polytech, 35k, valuation 55k,…[Read more]

man, those Aussies must be laughing so hard, it’s pronounce Teh POOKIE by the way not te PUKE…hahahhaa

joy to the world

Hi Kaye, I remember when I came to Sydney about 8 years ago it was crazy trying to get a rental property. everything seemed SOO expensive, even for a tiny one bedroom flat with no balcony or view or anything, and even for those kind of places there would be ten applicants and there was just so much competition. Then suddenly rents went low about 3…[Read more]

> Why would anyone who is fortunate enough to have a property which is returning
> more than it costs to maintain, put it up for sale???

i don’t so much think it will be the positive cashflow people putting things up for sale unless they believe they are selling at the top of a boom for CG. Most of the investors I know who sold CF+ve properties…[Read more]

!!! This is great!

I wish I had known “GD&WVVF – Grinning, ducking and walking very, very fast”

when I needed it!!

cheers-
Mini

joy to the world

Hi there,

well my fellow investors and I have done probably close to 40 flips in the last year, and the way we do it is to put a contract subject to due diligence within 20 days on a property in our own names (perfectly legal) and/or nominee. (perfectly legal).

Then we advertise the property to our clients along with pictures, what we reckon,…[Read more]

property guru, lovely!

tell me more! PM if necessary!
cheers-
Mini

joy to the world

OK, I admit, I’m a NZ property bore! But in time, the +ve CF properties will pop back up in Australia. Interest rates high, rents rising, property prices, errm, ‘flattening’, time passing, people going off properties, more sellers than buyers- when those conditions start to dig in you will find the deals again. You’ll also find 90 percent of…[Read more]

Hi Kaye,

“Neil Jenman doesn’t seem to like Whitton: ”

Neil jenman doesn’t seem to like ANYONE!

jason Whitton is a NSW developer and yes a youngish guy, maybe mid thirties.

joy to the world

Dear Steve McKnight,
re:

“Hi,
I’d gladly pay $5k for a property with positive cashflow meeting my requirements.”

Hehe…so what are your requirements??

cheers-
Mini

joy to the world

We are still getting 10-11 percent returns in growth areas and higher than that (up to around 14 percent if we’re lucky) in stable areas in NZ.

I would say it’s almost essential to get pre-approved for NZ purchasing before you go shopping. Very hard to sign up a deal subject to finance and then get finance in time. pre-approval seems to take a…[Read more]

Hey Dan,
what a coincidence,

I emailed you from Sydney a while ago and you wrote back. It’s so cool that you are posting here.

thanks for the links.

cheers-
Mini

joy to the world

Marrickville? Still a dodgy suburb in my book. Pay half a mill to live amongst gangs and shootings? HMM. The thing is that I think you might be able to get the A-grade Sydney suburbs for that kind of money pretty soon! I guess that means that I think capital ‘loss’ is likely if you are trying to SELL in the next year or more.
If you are trying to…[Read more]