eww, KAY!!!! this really scares me, and shows how desperate Aussies are to buy up the dregs of their well and truly boomed property market. YES broken hill is CF+ve but it’s so risky as it’s so remote and only relies on one industry. It’s not a tourism place, it’s not on the state highway one en route to whatever and there are about a zillion…[Read more]

ah, ok then
So two of them might have only got to 65 properties in 3.5 years, still pretty Ok though
I’d be happy with 20 in 5 years

NZ Bird Dogs. SOLD OUT! More deals coming…

kay,

“was enabled by a differing property market”

totally, which is why I’m buying in NZ now for the time being not Australia. You can get the exact same kind of properties Steve and Dave started with – i.e. a similar looking 3 bdr house on freehold land like S and D were buying, 60K, rents for 130 per week, regional towns, and will go up in…[Read more]

hi jo,

‘not a bargain to be had’ was probably while we were at the top of the boom here. OK. But we’re over that now. I believe the bargains are now popping up already and will continue to do so – it’s like, at the exact time when property becomes really unpopular and everyone’s dead set against it, even westan’s over it *shock horror!* those few…[Read more]

When I told my parents I was going to buy a property every three months for 5 years and then pay them down for five years, they laughed…but I’m doing it anyway.

There will be always people who say ‘you’re dreaming!’ and ‘it can’t be done’ who outnumber the ones actually doing it by 999 to 1, or more!

Only 0.5 percent of Australian investors…[Read more]

AWwwww! I’m gonna cry…
*dabs eyes*

llloovveee

ooh and property four just fell over. but am gonna get a different one instead…

NZ Bird Dogs. SOLD OUT! More deals coming…

“Retirement Villages would be just throwing our money to the wind.”

Ouch! How can looking after your mother be classed as throwing money to the wind? If that is ultimately the kind of care your mum will need, instead of saying ‘we can’t afford it’ or ‘it’s not worth it’ – say ‘how can we afford it?’ and then go solve that problem.

I think the…[Read more]

sounds good waz specially if in Q’land. Bear in mind if the RE agent is admitting 3k or repairs it could be 30, if you know what i mean. Why not put a contract on them subject to satisfactory building and pest, and pay someone a couple of hundred bucks to give you a full report and an idea of cost.

$120 for a 5 bedroom house seems…incredibly…[Read more]

I certainly never posted for stars, they didn’t even have them when I started here.

Like the e-bay thing where the longer you have been there and the more deals you’ve done with positive feedback the better, you get your little stars. i think that’s fine.

I am proud of my stars because i know how many hours of reading, writing and learning it…[Read more]

Yeah I know some supposed gun accountant in melbourne who charges 800 per month to run all the complicated structures he loves his clients to set up (wonder why??)

NZ Bird Dogs. SOLD OUT! More deals coming…

yep,

realenz.co.nz

NZ Bird Dogs. SOLD OUT! More deals coming…

hi Michael R,

“and others “at a much lower price” with no capital growth potential”

I do not believe there is such a thing as no capital growth potential. The world has an increasing population.

As far as where I invest, for the time being, NZ, – there is so much demand from people wanting to move to NZ that the NZ government has deliberately…[Read more]

Hi Guys,

comes down to which is better – CF yield or CG?

all other things being equal, a dollar now is better than a dollar in the future.

That’s been proven.
So a property with 10 percent yield and 0 growth is better than a 0 percent yield (i.e. own home, vacant land etc) and 10 percent growth on paper.
(all other things being equal such as…[Read more]

hi westan,

mini here, we actually charge 1500 now. But we include title search,as it has to be done within 5 days of the contract being signed, 30-40 photographs of the property, and a lot of service. so we believe it is good value.

Adam, “I wonder if another independant valuation would agree with the one supplied by richmastery ?”

Well…[Read more]

Yeah…Queensland better than melbourne cause of population growth. Do some research on google and don’t quote me but I’m sure I read that melbourne – 0 percent growth and q’land 4 percent. growth equals demand equals rising prices.

re financial planner, I’m so not one, but I could work out the numbers for you and show you. meaning, anyone…[Read more]

“take a look at what Noah went through with the government ”

yeah, but he was finally able to build his ark anyway, hehe

seriously though, WESTAN!!! YOU ROCK!!! legendary investor, fello bird-dog, all-round nice guy, ethical in his business dealings, and friend in real life as well as on the forums.

learned so much from him as have many friends…[Read more]

“Does this sound logical or am I dreaming?”

Not dreaming, but 38 bucks per week surplus has to cover insurance, rates, vacancy and insurance.
And maybe property management.

So do the numbers on what that costs annually and it could be a property you have to pay into.

I don’t generally purchase properties with returns less than 10 percent if…[Read more]

I can’t quite get the difference between ‘them’ – i.e.

“the greedy thought they were going to make a killing and get rich over night.”

and you now

“look for the gloom and you will make a motso”

There is a hidden bias in what you have written, which is you believe people who bought property in the past were a) greedy b) wrong and c)…[Read more]

Hi Geo, you could just buy the property in NZ in your own name for the moment and then transfer to the trust or whatever later.

No stamp duty in NZ so not a big deal.
buys you a bit of time to wait for the right advice.

My two cents- cheers. Mini

NZ Bird Dogs. SOLD OUT! More deals coming…

Hi Monopoly,

sorry about the ‘sad’ bit if you took offence to it.
I LIVE for someone opinionated and strong enough to have a bit of back and forth with.

So now let’s go a little deeper into what I wrote and why. On re-reading your post, it seemed you were looking for…reinforcement that you CAN be moral and make money. A little like a post of…[Read more]