I subscribe to KPI magazine and The NZ property Investor, and i occasionally buy API from the news-stands. i used to get API all the time, until I discovered the NZ ones, and seeing as that’s where I am investing for now, I find it useful.

but yeah, industry magazines, no matter what the industry, are invaluable.

A lot of the things I know about…[Read more]

land appreciates, buildings depreciate. Strata fees, blech.

i think stick with houses + land.
they’ll be the ‘gold’ of the future

“SIS
So you are one of the people who believe that there cannot be a bust? ”

Of course you are partly right in that property busts are more mellow than share busts.

but still,

I think its’ selective ‘believing’. Of course everyone who owns property in Aus doesn’t want there to be a bust. the ones who are the highest geared and therefore are…[Read more]

You were asking about wraps. Basically in a wrap you become a financier, and you make your money on a margin between what it costs for you to borrow, and what it costs the person buying the place.

the hardest thing about wrapping is finding and qualifying a lead. Most people who you would wrap to wouldn;t be able to get finance the traditional…[Read more]

” going dressed as a hippee…no shoes, no bag, no pens, scratch the head a lot, blow the nose, cough, clear the place out pretty quick eh? good tactics?”

elves, that won;t work, because people will mistake you for me… hee hee…

Does anyone wanna (kay?) email me your mobile number on the day? I was gonna come on Sunday, but now, I am torn,…[Read more]

nothing wrong with multiple streams of income, I’m all for it, in fact that’s my strategy! not just with property.

I just reckon that a lot of the ways property gurus teach investing only really works (is replicable) in a boom. but CF+ve investing is replicable over and over no matter what CG is doing. Hence 370 in ten years, carrying the 130 in…[Read more]

“im always talking about investing or property if thats what the converstation is about, but anyone here can talk to me about property all day long and no… lol i wont get bored… ”

totally agree SIS, viva la forum!

Richmond, ME me me, what about me, why don’t you want to come to Sydney and meet up with Me Me ME

pick ME

cheers – Mini

Oh…[Read more]

I agree. Lomas is about exciting as an Anita Bell book.

And of course Steve isn’t God, God has his own web-site

http://www.god.com

by a spooky coincidence, and if this is deemed to be advertising, then remove it, but you did ask what you should do with 42k and so here’s my answer. we have a property we are bird-dogging which is purchase price NZD 42K, which means less in AUD, you’d have enough to cover the other purchasing costs, and it’s a 16.1 percent return. It’s a 3…[Read more]

i think *selling* off the plan, as a developer, is okay, I mean I’m sure you’d make money. I guess i just don’t really think it’s a good idea to buy OTP so I would find it hard to be ‘selling’ it to someone.

The reason I reckon buying OTP is bad is that resale values seem to be a real problem, according to this article –

…..”A comprehensive…[Read more]

Aus prop, totally, and that’s exactly how I see my IPs, like little mini commercial properties. But because they are residential, they have the best of both worlds…returns which after costs including full management break even around 10 percent (same as a decent comm. prop) but also have capital gain, because it’s residential, (despite the fact…[Read more]

try NZ!

I only somewhat agree having done two renos.
Part of the reason i got them so CHEAP is that they needed maintenance and redecoration (but I must stress, were structurally sound.)

Solving people’s problems is the way to make money in real estate. i learned that from a certain millionaire property GURU

hey GURU, yeah you, the cute one with the…[Read more]

yeah and they didn’t have any what i would consider good deals.

wayne, it’s likely to be the area with the lowest median house price.

Yeah Kay, thanks for saying that, I get a kick out of it too, even though 2 out of 3 properties I own I’ve never been inside. (that, bizarre but true, includes one of the houses I renovated!!)

I must get around to having a picket fence put up to replace that shitty concrete blob of an excuse for a fence.

My first house cost 27,300. bought it last April.
Yes, still have it! probably worth 44-50K now.

it’s been rented out constantly for 110 per week.
it was a well maintained formerly owner-occupied villa, in good condition, in a town of 1500 which is about 1/2 an hour from a town of 45000 and on the ‘surf coast’.

20 percent return and it was the…[Read more]

Sunday for me

hi KH,

> Mini,
> Thing is, many people bought cheap properties prior to the boom- which have
> now doubled or tripled in price, so we can’t afford those *particular* types
> of properties anymore.

All properties have gone up, with the ‘ones that weren’t supposed to’ going up last, kinda like a catch-up.

>The post about people’s 1st…[Read more]

I have three CF+ve properties in NZ, yielding 20 percent each, 10 percent after holding costs.

“The houses priced <200K will always increase and demands will always be good and if not, it will only be transient because popn is always growing and people need a place to stay and they buy whats affordable.”

I so agree with that. In the nZ market…[Read more]