SIS I agree with you that 3 months total immersion is equal to….who knows how much time at a language school. The reason being that the best teacher is necessity. Which you have while you are there.

but about the ‘all i can do really is wait and see what happens’ – say what? Did all your property deals ‘just happen’ to you then? Didn’t think…[Read more]

“My husband is very very (frustratingly-so) conservative, and risk is not something he likes. As a result he has not progressed much financially as he would have liked. ”

hi Monopoly! I laughed when I read this because I can relate!
I don’t really want any risk or debt either, that’s my risk profile! Really and truly!! So guess what I did? I…[Read more]

There is no such thing as a definitive one post which says ‘this is everything you need to know about investing in Tasmania’. For every one opinion, there’s another who says the opposite.
Also,
something which was was true one or two years ago – i;m just making this up but i.e. ’15 percent yields in Hobart’ – might not be true today.

Hanging out…[Read more]

Dolf dee Roofs? more like it!

Look into Japan. Was there last month and have been investigating it a bit since i got back.
Been devalued for yonks, economy is so bad they say ‘can’t get any worse’ and may be on the up, 20-30 percent cashflow yields are common with tokyo apartments, language barrier a problem I guess, however there’s a large…[Read more]

I love this thread!!!

“Do you find that if you are talking to other people, as soon as they get the slightest hint (from whatever source) that you own more than one property, you get spoken to differently????”

Yes!!!!
With a lot more respect- !

I have dreadlocks, for heaven’s sake! So they often don’t even believe me anyway. Haha. Not that I…[Read more]

SIS!! I can’t believe it –
“finding a sincere and nice girl, who likes me for me, is hard for her to relate to,”

Why, do you have BO and a personality disorder or something?

Seriously, I think your mum is….ahm….confusing dating with an acrimonious divorce or something. Nobody you were ‘dating’ could ‘rip you off’, how could they?

Anyway.…[Read more]

I totally get this question and agree with the book’s advice. We rent an 800K house in Sydney for the poor landlord’s (had they bought the property today) 2 percent yield.

Meanwhile I have properties which earn me 20 percent yields in good old NZ which more than cover my half of the rent.

And here’s the amazing bit, my properties are worth only…[Read more]

start with one and see how you go!!

A house + land is still gives you the benefit that it has a ‘land’ component, but stick a house on it, and there’s an income stream likely to be higher than hiring it out the bare land for the local sheep to graze on.

So…you could take the 50K you could access, and use it (theoretically) to buy another property. In NZ that’d get you 30 percent…[Read more]

hi maxsim and elbowgrease and everyone else, glad to help.
re Lomas questions, thanks for posting them,

“Mini, here are the key questions that Lomas advocates asking. Have you seen her books?”

no – should I?

“She has not got as many properties as Steve but she seems to have some good pointers:
What is vacancy rate?”

yep

Council…[Read more]

good for you!!!

can you be bothered to share what those 20 q. are? be interested to know!

As for rental stats,
Tenancy services
http://www.minhousing.govt.nz/tenancy/index.html

is the site where you can find out what the current market rents are in each town or region.

As far as vacancy rates, just talk to a rental manager in the town not…[Read more]

Sound a bit like seratone,

http://www.seratone.co.nz

I used this on one of my reno’s that needed a new bathroom, didn’t even have a shower when I bought it! The seratone was about $130 per sheet NZD and we needed 4 or 5 sheets to do a whole bathroom. It took about a day. Give or take the plumber and the builder taking turns doing stuff. We put…[Read more]

do the ‘strata titling car parks’ thing in NZ. When i first heard about it in Aus (you could buy a single carpark as a mini-commerical property, leased back to the operator, for 7 percent return or whatever-) I thought how crazy, but I guess it’s the future. So AFAIK nobody’s done this in NZ, so the first person to do it in NZ I reckon would have…[Read more]

Latest news from nZ says Rural/regional outperformed cities. Why? Still undervalued compared to cities.

Australia?
No such thing as an undervalued property in Aus i don’t think. Yet. But keep your eyes peeled… As Aus is (at the moment) one of the most overvalued RE countries in the world. Hence all the gov’t mad tax schemes to penalise…[Read more]

> “Mini – if you’re not afraid
Heya Brent!

‘Afraid’ does not compute….
what is that?

>of rolling up your sleeves and doing a little
> renovating,

I did more reno-ing in 3 months last year (two properties) than most people do in a lifetime. I do understand the concept….

>there are still a few deals which can become 10%+ yields in
>…[Read more]

http://www.sydneygamescentre.com
worth calling them
they had them in stock a while back and still might do, or can order

Also try the large bookshops, my Mum bought the game from Whitcoulls or Dymocks in Wellington NZ so I would assume the Aussie big bookshops would have them too perhaps?

there’s actually a NSW developer called Jason Whitten who lectures or maybe mentors through the richmastery crew. You should just book a day with him for a grand or something and pick his brain.
maybe??

hang on a minute Lu, I was about to write I don’t mind a bit of RE agents poking nose in and possibly becoming part of the forum. Dunedin is ‘going off’ in capital gains and has huge rental demand, the latest thing i read is that Otago University has so many more students than expected that they are wondering where they are going to put them…[Read more]

Marrickville. It’s in the top 10 most popular suburbs for Gen-Xers (double income no kids, but even when we have kids, we still want to live amongst the action) and the *only* one where the median price was under 500K. This courtesy of a sunday paper pull out a couple of weeks ago.

hate the place myself, but also see that it’s an ‘area in…[Read more]

well reminded Acey! Happy Passover to you!