Hi Chan,

interested to know what you are loving about the retirement village. I mean about the deal. How do the numbers stack up if you borrow at 100 percent, 90, 80, 60? Just make sure it IS actually a good deal you are jumping through hoops to buy.

cheers-
Mini

What’s so boofheady about Richmastery guys?

*scratches boofhead*

I’m sure I was a millionaire in cash once, but blew it all in the space of a few days. Yes…my last Bali Holiday.

So, I go for equity. i.e. you owe the bank 800K but you own property worth 1.8 mill.

Millionaire is just a benchmark which means ‘you’re sorted.’
Easy enough to live on 100K a year, an easily achievable income from 1 million equity.…[Read more]

Carlover, badabing! that’s right, you’ve just reminded me of something I forgot, but which we should all remember, which is that it’s FIRST HOME OWNERS who drive the market, primarily. They are not necessarily ‘investors’, meaning they don’t care or know about yields, they just care about buying the best house they can afford.

the market used to…[Read more]

I’ve also heard a rumour that, building on the growing tourist entertainment $$$ up that way, they’re building a ‘Scratch your Arse World’.

Elves,

good on yer mate.

I was part of an 8-person business venture a few years ago, which lasted about 2.5 years before splitting. the main problem with 8 people was making a decision. Firstly, getting a quorum people to either turn up or have their input phoned in, wasn’t easy! Secondly, nobody was ‘the boss’ – it was a democracy. Eventually…[Read more]

Pisces, I hear ya.

Re 10K for a seminar, I really really wanted to go to a dolf de roos seminar and it was thousands and you had to go to the Gold Coast (yuck.) So i didn’t, and instead bought the CDs of the seminar for $500. it was good, but I guess I could tell from the seminar how much fun it would have been to go. That’s when I started…[Read more]

There’s a card called ‘supersaver’ available from 7-11s. in fact there are many different brands offering 5 cents a minute to the UK, US, etc etc.

Without having to spend 99 or 199 to become an ‘affiliate’ or a ‘consultant’ and get into MLM.

i’ve been using the supersaver to call NZ on property deals lately and it’s unbelievable value.

cheers-
mini

chan,

*heeheeeeeee*

“Keep going, you’re on your way to financial freedoom”

free-DOOM, !!!!! heheheheheeeeeeee

lovin’ those variations!

Yes, for the record.

but how many will think ‘yes, YAY!’ or ‘no, YAY!’

The Yes, YAY!’s will think, cool, maybe sometime soon, i will be able to find a house i can afford or a deal that stacks up seeing as there might be a few more on the market.

the no, Yay’! will say, phew, don’t have to sell up just now.

interesting huh…

cheers-
mini

Yay wilandel, yay Rebecca 1,

*respect*

Mini

A ‘depreciation schedule’ might not make sense on a 35K (older) property such as I own, but it might make sense on a brand new apartment costing 350K plus, to spend $420 and get one. Basically, get one, if it will save you more than it costs.

when buying an IP, the list of things I add up to get my actual in hand return are – and they are all…[Read more]

“The real risk is with those people who are handing over control of their money (sometimes $145,000) to people they have never met. These poeple are making incredibly dangerous claims that they can make 40-60% per annum by writing options. These people will be the ones that will truely be the biggest losers.”

This is something I was wondering a…[Read more]

Hi Michael,

I for one value your comments. Yes, ‘as noted in a prior discussion’ we don’t agree on everything, but I totally get that you’d be operating in what I’d call the opposite end of the spectrum to the new investor, i.e. me, whatever kind I am. Anyway, it’s all good that there is someone like you with your knowledge and it is appreciated…[Read more]

talking to the locals and backpacker types who work in queenstown for a season or a year or so, rental accom is really hard to find in q-town, so a lot of people are now commuting from Cromwell which is about an hour. So you could take a look there, too

yack, “I cant see how the lord of the rings effects real estate prices in NZ.” so I take it you haven’t seen the movie then? Because otherwise it would be obvious, wouldn’t it?

hehe!!

Steve, you asked me to comment on this thread, but really, it’s out of my league. (but hey, i will anyway!) A friend of a friend made millions as a 20-something…[Read more]

Hi jars, welcome back!

I have no clue on the holiday home, because 10 million is out of my, ahm,
area of expertise shall we say, but i just wanted to say hi!

cheers-
mini

i will try and do it as a webpage. (just in case there are more…!! heehee!!)

haven’t done it before, but should be able to figure it out. give me a few days tho’.

cheers-
Mini

kay, I sent you one, which seemed to go through, the second two bounced, maybe your hotmail is full?

cheers-
mini

hi kay, PM me your email address and I’ll send you some pics of mine, all under 30K. A picture paints a thousand words…

cheers-
Mini