wow! Way to go CastleDreamer! how many do you have there now?

NZ Bird Dogs. Wanganui 11.4 percent – PM me!

we could just call this ‘capitalism versus communism’.
I like the one where the individual who works hard and strives for success can improve their circumstances. Where countries are more productive, where there is choice, and freedom. Not the one where you stand in the line for your standard ration, free thinking is discouraged, and everyone…[Read more]

“Seriously, if that is the case, why bother with circular quay, surfers or the like???”

Uhm,,, I dunno. Maybe you’re a squizillionaire and you want somewhere flash to live? Maybe you need to lose some money to save tax? (heheh)

“Maybe these places are better off as their remoteness will mean you actually get some peace and quiet, away from the…[Read more]

I am very pleased with myself as I have just reduced a credit card by $3000 and actually had the credit limit decreased. The outstanding balance was transferred (internally with ANZ, so no credit check) to a new product card with a 7.99 percent interest rate for transfers from other cards for 6 months, and 10.99 percent for all new transaction.…[Read more]

I know an excellent spotter based half in Sydney, and half in Q’land, but he concentrates on Q’land properties. He can also tell your friend why!
Get your friend to PM or email me your/their address if you want and I’ll forward it on.
That goes for anyone else too, but please no tyre kickers. My friend is willing to talk to people I refer, but I…[Read more]

there is absolutely such a thing as waterfront CF+ve.
cheers – Mini.

clue: it’s not circular quay

Castledreamer-

anyway, i think you’re impressive

cheers-
mini

not wanting to give too much away if familyfirst is not prepared to share, I can definitely vouch for familyfirst as a fantastic person and investor who I have dealt with!!

“From the above I’m interpreting the general trend to be:
+ve Cashflow IPs generally don’t show much capital growth.”

That’s what I always thought, but I have found that (at least in NZ) CF+ve areas tend to be the most undervalued areas! And they go up the same amount as everywhere else, just that, they do it later – the growth ‘wave’ starts in…[Read more]

Hi! Great stuff Di.

”
You need to build a relationship with some agents & buy the properties that DON’T get listed ”

AGREE!!

“Remember list price isn’t the same as the sale price.”
agree!!!!!

“If you make 100 lowball offers & one gets accepted…”

DISAGREE!! Firstly, a waste of paper. Save a tree! And it’s not going to end up building good…[Read more]

I think it’s better to have a cash discount and do repairs yourself than get the vendor to do them – the vendor might do a cheap job but not a good job.

Also stamp duty is only 2-3 percent isn’t it? So on say a $3000 discount that would only be an extra 60 bucks??

re: positively geared.com, “They charge a fee, but are well worth it!”
They charge 4400. I talked to the guy at length. Yes, builder’s report, LIM and maybe a bit of web-printout is included in the price, but let’s say -comparing it to how I’m doing it, I guess is where I’m going with this – we charge $1200 to assign the contract over to you, and…[Read more]

Barry, no worries. i don’t know if it is your first property or not but the waverly one was my first. So I can relate to all the jitters. Jitters is one of the reasons I waited a year to see if the property was going to stack up – and that’s a YES! With some nice impressive rental histories to print out now.

Just TALK to a rental agent not…[Read more]

Yeah, I agree with Marc, if you love the tenant, then get a new property manager. but then stay more at arm’s length than you have been and let them do theirr job! I.e. let the PM make the decision, and inform you they’ve given the tenant notice, rather than you taking responsibility for that which you obviously feel uncomfortable about.

However…[Read more]

I have a property in Waverly! Yay!
It’s probably just about doubled in value in a year compared to similar properties on the market now, and as you probably noticed there’s not a lot for sale! AFAIK there is rental demand there as there was a year ago – back then, they had NO properties for rent there and needed some, had three people on the…[Read more]

Hi there,

As far as I know Kieran Trass is very reputable and has been spotted on this forum as KtKiwi. Don’t think he likes any properties outside Auckland though. i.e. that’s his area of expertise. I get his deals emailed but they are usually priced in the hundreds of thousands.

1. Relationships are key – the more you can chat in a personable way the more information you can get – i.e. people skills are key.
2. I learned how to pick an area which is going to rise in value, before everyone else catches on.
3. The better you know the market, the better you can spot a deal. Knowledge is power.
4. Don’t listen to anybody who…[Read more]

Re: “If you wish to follow your dreams, net worth counts, not cashflow. Just ask your bankers.”

I disagree. I have met many people who are following their dreams in my life, but I can’t ever remember one of them being a BANKER. I wouldn’t say that generically bankers are authorities on the following of dreams.

High net worth is only as good as…[Read more]

I have four properties ….man, that rolls off the toungue really nicely….well actually, I only have three. Which I own 100 percent – no finance. but have a contract to sign for IP #4 on Tues!!
Am about to get first ever loan in my whole life . this will effectively double the size of my asset base so is actually a bigger deal comparitively for…[Read more]

yeah henry-! And only 3 percent of them are investors themselves apparently!

Bear, I do that too! I find that playing ones’ cards down a bit, low status, works a treat.!!!

And like you I suddenly turn all smart and savvy at a certain point in the deal.

Interesting about all this ‘asking price’ stuff.
I was interested in a property for 23K.…[Read more]