yeah i’ve never heard that either.

Wherever they get their money from (I think most will be super – it’s only a 5 percent minority who have assets enough to support them in retirement isn’t it?) they will still need a place to live!

crap site!
I emailed them, though!….

> hi SIs,
>
> “Hi Mini,
> actually i was thinking about, offset gearing would definetly suit you, in
> your current position, the reason being is that you have an excellent lot of
> cashflow,

when you say ‘excellent’ it’s about the average NZ wage, about enough to top up a 300K 5 percent yielding Q’land property. And be neutral.

but I am…[Read more]

thanks SIS.

OK, as i understand it, what you call offset gearing, I would call ‘having an overall portfolio which is CF+VE’.

In that case you are a person after my own heart, which is what I am aiming to do. but since we’re not in a boom right now and i think I’d be buying at top dollar right now and not get much growth for a while maybe, I’m…[Read more]

Hi Kaye,
I paid $26 per square metre. A whole house cost me – ah I can’t remember, was it 1200? 1600? I think with the more expensive one,(the green house) the guys also steamed off the lino in the kitchen and bathroom, which was a heck of a job as it was some pre-60’s weird glue that was sticky and hideous. Also they removed the carpet, nails,…[Read more]

“Now we need to work on Leigh K, Mini Mogul and Pisces. Well there are some battles you cant win.”

yack, that’s correct.
You can’t!

hehe

There is something really really bogus about SIS, the student with the part time job, who’s cutting down his hours, controlling a 2.1 million portfolio that he built up in 12 months, buying more 300K+ properties like mad, overseas in ‘secret locations’, (of course).

Also, a lot of your arguments are bogus non-arguments anyway, like saying ‘low…[Read more]

i wonder how much fun paying into a negatively geared property will be for people if they’re not getting capital gain for 2-3 years.

When interest rates start to drop again, which will be a while, and not until all the heat has gone out of the property market which the gov’t thinks is overinflated,
the media will announce it with a whoop and…[Read more]

thanks kay, actually q’land is not really my area of expertise, although I’m watching it for the future. I guess, even though they have all these people moving there, there has been so much of a building boom that perhaps there is an oversupply of rental accom. I guess it all comes down to supply and demand.

Where I am buying, there is a strong…[Read more]

One of the towns I invest in has 70 people on the waiting list for a rental property, 300 on the books, and only 8 vacant, (which are unrentable dumps.) Town size is 3500, i wouldn’t call it remote, as it is 3 hours drive from a city of 1 million + with major regional towns on the way. Also in very scenic area, tourism etc.

Often towns like this…[Read more]

late 90’s = interest rates higher = competitive for rentals = rents high

interest rates coming down = lots more buyers = less sellers = more demand = less properties = rising prices = not as many renters = rents come down.

future –

interest rates rise = media spreads fear = consumer confidence down = not as many homeowners deciding to buy now =…[Read more]

get the property assessed for rental by an agent not associated with anyone selling you the property and ask them if they would manage it for you. (if they say no, wouldn’t touch it, we;ve had nothing but trouble, don’t buy the property!)

Try not to buy the worst house in the worst condition in the worst street in the town, right next door to a…[Read more]

exactly. Russ.

SIS, the country property bought in 1991 for 5k rented for 20 bucks a week is today worth 50 K and rents for 130. The yield in year one is 20 percent, , and in year 13 it’s 130 percent.
Plus capital gain. Which might not be much as a percentage, but it’s something – I mean, the house is worth 10 times as much as in 1991. Sydney…[Read more]

yack, as usual it’s you leading the pack of nay-sayers, but as you know, I’m always up for a debate, so here goes;

“If Spotters reckon the properties are any good and offer great positive cash flow surely they would move heaven and earth to buy or keep them for themselves.”

You forget that the perk of the job of being a spotter is that you…[Read more]

freedomfinder,

“how many of you are out there ?”

there’s me, Leigh who’s my bird-dogging partner, and westan who is a good friend, legendary investor, and fellow bird-dogger.

“what areas are researched and how ?”
I specialise in the NZ north island and in high cashflow properties. -basically, the kind of properties that are hard to find in…[Read more]

“My husband and I are wanting to purchase 10 or more +cashflow IP by the end of this year,…. I am willing to buy almost anywhere in QLD, providing it has great returns.
Thanks,
tyoung”

I know a couple who can help you. I’ve mentioned them recently on other threads. They know the area backwards, and are a successful investor couple who have made…[Read more]

Lawrence, two out of the three houses I bought were crappy. That is, structurally sound from the builder’s report, but needed repainting inside,
a bunch of repairs. like the property westan describes, 18K needing 7 k of work, that’s about right. But the thing is that then you don’t get the “”They don’t mind staying in crappy accomodation, ” kind…[Read more]

“NZ seems to have somewhat higher interest rates than Australia at the moment.
”

Matt B, yeah that’s right, so at the moment if you could get a LOC secured against an Aus property and go buy a NZ CF+ve property with the cash, you’d be winning.

However i did read an article on dolf de roos’s site (lots to read there, dolfderoos.com) that he…[Read more]

I totally disagree that +ve geared properties don’t go up in value. they do. I can’t believe you said that, SIS!! I have proof.
*calls westan to the mic….*

OK glad we got that straight.

You also said ‘you will begin to lose money’.
and that ‘you hate to say it but it is true’.

Sis, sorry, but baloney. *let the debate commence.* Having said…[Read more]