apparently finance is every investor’s hardest thing. If you have no cash and no income and debt then it might be hard to get finance. And if you did get finance, without an income not derived from the property, and even if the property is CF+ve, you expose yourself to a lot of risk if you are vacant, or the hot water cyliner bursts, or, or,…[Read more]

hi there OK
house number one 16 plus 9 = 25K
rent 95 p/w
95 times 52 = 4940 minus ten percent management fees = 4446 minus insurance 300 and rates 1200 =
2946 which equals more than a 10 percent return after holding costs. of course if you are borrowing add borrowing costs on, which will depend on how much you borrow etc and your rate. but as long…[Read more]

Hi, yeah, my parents have been on nzlongevity for a few months now. My mum’s hair which was grey is growing back with pigment.! My Dad’s arthritis seems a lot better. I bought about $90 worth of the liquid vitamins, colloidal minerals, and calcium an I’ve taken them and they definitely are really good. Unfortunately you can’t get the liquid ones…[Read more]

hi Mr Charchie,

yeah I could, but why not ask them here and I will try to help? Then others can read it too
cheers-
Mini

hi bruce, I totally resonate with the first three paragraphs and I agree that it’s no fun to be the only one with one’s financial shiznit together, that’s why I have been telling all my friends who are interested what I have been learning as I am learning it!

“To me, Australia needs to stop investing in property and put money into smarts, like…[Read more]

hi simon,

so what are the yields like there?
are they ten percent or are they better?
because like bruce said I would like more than 10 percent if there was no CG. Then again the yield is usually the lowest in the first year and then it gets better, basically because rents slowly rise, especially if inflation kicks in (which is linked to interest…[Read more]

Hi Bruce,

“But my view is that I have come to this newsgroup wishing to share a high standard of IP experience that may benefit me as equally as others.”

Bruce I think it’s fantastic that you want to share info, that’s what’s drawing the crowd here.
If you have any interesting stuff on tassie why not start a thread about it and tell us. we’re…[Read more]

“The notion of “mentoring” is a bit patronising, I reckon. ”

I so agree!! Um, no I don’t actually, what do i mean? I just mean – unless you’re well qualified.
A mentor to me is someone like Steve. Someone with 100 times the experience I’ve got and then some.

Sharing information and helping eachother is something different, people on the journey…[Read more]

hi steve!!!

i would also like to offer my best and warmest congratulations to you and julie on your new baby, yay!

cheers-
mini

I know Dolf de Roos raves about retirement accommodation as an investment, because we have a large bell curve in the population (globally as well as Australia) where the demand for this kind of housing is growing. Just like other factors which can show you predictable statistical probabilities of supply and demand, an ageing population is one of…[Read more]

good on you bear.

I agree that it’s easy for people to find the properties themselves for sale once you’ve disclosed details about where. I also think there are many different ways to structure the deal you do if you act as a property finder. This might vary from person to person as not everybody has the same needs etc.

I think a lot of the…[Read more]

hey young investors, When you say amazing returns, can you tell us what they were?

cheers-
mini

i think that if you don’t apportion a certain amount to ‘personal’ which sounds legit and justifiable then there is a chance the ATO or whoever just says that you aren’t allowed to claim.

cheers-
Mini

bear,
I meant….
“Wonders if any one knows just how much it cost to keep this forum running? I know and it shocked me when I found out.”

that bit!!!
cheers-
Mini!!
spill…?

PS you are as fabulous as you are. it’s not a competition! meaning, I call myself minimogul because I ‘only’ have three houses so far. yet it’s infinity percent more than…[Read more]

grrr oil prices and the US dollar, don’t get me started – and don’t bother to try to buy oil with anything *but* the US dollar, because otherwise there might just coincidentally be a reason that you have war declared on you, bah humbug

OK where were we, property….

“put it in the bank (returns 4-5% per annum at the moment).” true.
If your…[Read more]

funnily enough enjolady…heheh

yeh -this has certainly opened my eyes to some possibilities –

i’ll keep you all posted!!
all of you who dropped your email address can now safely remove them (just go to your post and edit it!) that’s an OK workaround don’t you think, i.e. to post your email, and then remove it?

!!!!
cheers-
mini

maybe some of you should start a mentoring group and mentor eachother. Like having buddies to be accountable to. set eachother goals,etc. It’s amazing how between a group of you, you might have the answer, even though none of you might be experts on your own.

just a thought.
cheers-
mini

BTW I can relate to your family being bored stupid by it,…[Read more]

ricky, I think it sounds good. I’ve got very good yields in NZ small towns. a lot smaller than 10k! Of course Aussie is different because it’s a lot bigger and the possiility is that towns are remote. But 1 hour 20 from a capital city doesn’t sound too bad. knowing the RE agent and there being employment makes it sound even better.

In fact,…[Read more]

bear, i’d love to know – can you spill???
BTW are you melbear?

cheers-
Mini

oooh prop, kinky….