I’m hoping to buy 4 more this year in an area with around 10-11 percent CF and (I reckon) unlimited CG

or else, like westan, the classic property with problems, (cosmetic) which you can fix and turn into 20 percent yields.
Once i figured out how easy it is to call people, get quotes, have it done, and how inexpensive it is in NZ, it really set me…[Read more]

hi Marisa,

on the contrary, i believe there are still heaps of three main kinds of deals i look for around

type a)
10-11 percent in good nick, rent as is

type b) 17-20 percent yields once renovated/maintained, (including capitalising the cost of that into the purchase price)

type c) 12-16 percent and the odd maintenance issue, or maybe could…[Read more]

“Hello.
Please I need your advice
I’ve founded new investment company. Does anyone work with them?”

Ummm, dude, if you founded the company, you’re supposed to know that kind of stuff.

If you mean ‘found’ then I take it this is your ‘due diligence’?

(I wonder if your English is good enough to even go there….)

>Does anyone work with…[Read more]

haha melbear, my house which cost me 16k had a land value of 800 bucks, so even with freehold properties, you can often depreciate just about the entire purchase price anyway, hehe!

I remember seriously looking at a property for 35K about a year ago in Greymouth, NZ. (west coast area.) GV 55K, 5 bedroom, right in town next door to the KFC, views,…[Read more]

hi all

yeah the standard going rate seems to be 10 percent in NZ ‘full service management’. Just depends what is included for this. 5 percent sounds good, but maybe they charge you through the back door instead, i.e. separately for this that and the other. letting fees, inspections, what not.

Also the poor (i.e. Sydney) landlords with 2-3, 5…[Read more]

yep – you’d want to achieve about 15-20 percent if you bothered fixing up an old place – otherwise just buy the 10-11 percenters in good nick.

I did it twice (on purpose to maximise my cash) by buying ‘problem properties’ that were no use as they were (even though tenanted, it was the wrong sort) and by sorting out those properties maintenance…[Read more]

the louder someone is yelling, the more fun I find them to debate with.

I have no idea, really, – I think I am cautious (I.e., I would and do tend to follow someone’s advice who has done what I want to do before, i.e. Steve)

but the world, AKA people that don’t invest, has told me ever since i started that ‘I’m crazy’,
(10)

but as i have 100 percent equity I actually think I’m super-conservative – so far i’ve been…[Read more]

phil – AKA “Still finding my forum feet ” –
I reckon you’ve SOOO found them. Couldn’t have said it better myself.

joy to the world

Kiyosaki said diversify so often means ‘deworsify’ – people have to rush around doing all sorts of investments because nothing is doing particularly well.

monopoly, like you I owe nothing on my investments but I am about to start (gently) gearing – number four property will mean rents from 4 properties cover repayments on one. Property 5 will…[Read more]

I built a garden shed (kitset,) $390 on the tenant’s request and and charged the tenant an extra $5 per week, 130 percent return on shed p.a.

tenant was really happy, too

joy to the world

“A true definition of a +CF IP should be….”

A while back we had here ‘the true definition of a millionaire should be’…….

opinions ranged, and nobody could agree. *yawn*

tax strategies, income, equity, LVRs, borrowing capacity, too ‘rent-reliant’, no money down – one juggles these kind of factors when one invests to be able to keep on…[Read more]

Yeah, there’s a name for people who do things just to waste time or get up people’s arses, and that’s ‘tyrekicker’.

So Martin is an employee/agent/sycophant of Jenman, surprise, surprise, (not) – Jenman is probably paying him to be the bad cop so Jenman doesn’t get his hands dirty. I wonder if Martin realises he’s being used as a sacrificial…[Read more]

Hi afloat, I thank and respect you for sharing.

4 million people plus?

like the population of NZ. i certainly haven’t kept quiet about the great deals you can get in NZ.

geronimo,
“Just look at the Oasis band, imagine having them as tenants? Scary.”

Hmmm….are you saying the reason not to invest in Manchester is because Oasis are from there,…[Read more]

westan has beat me to it, i would have said exactly the same, Auckland, Hamilton, Tauranga in that order, although maybe the Rodney district and north of Auckland as far as Whangarei would come pretty high up the list.
You can totally get CF+ve in the centre of Auckland right now believe it or not.

joy to the world

marc – yeah, and in the end trading is a job – you don’t trade, you don’t get paid.

joy to the world

I didn’t think it was insensitive in the slightest. I was trying to figure out if wallpaper was being ironic or something? nevertheless i am working on the come-back from hell, complete with calculations. just so I can make a fair comparison, Could you tell me what the rent was per week on the property back in 1987? and what it is now? Or was it…[Read more]

afloat, fabulous!

re: “What ever happened to buying in an area you know v.well ”

If I limited myself to that (i.e. London, Sydney, Melbourne, Auckland, wellington, LA) I simply wouldn’t be in the market now! I just made it my business to get to know other areas which had properties which fit my investment criteria.

Have you heard of ‘who moved…[Read more]

DD, have a fabulous time – you guys deserve everything you get.

*respect*

joy to the world

i agree henry. let’s say the actual bird-dogging costs $1500 then they are marking up builder’s report and LIM which together cost say $500 max, at least 400 percent.

I guess there has to be something there in case they spend upfront on due diligence and don’t take the deal, but really their clients are being charged this few hundred percent…[Read more]