“I am in the hunt for cashflow positive investment property ”

honestly – the best info on the subject all in one place is to spend 30 bucks and buy steve’s book ‘from 0-130 properties in 3.5 years’.

I just don’t think Shannon has enough vocal talent to really cut it. if he wins it will be about looks, not talent. I think he will have a lovely career hosting karaoke competitions, appearing on celebrity big brother et al, doing th frank sinatra tribute show and playing the Rooty hill RSL. kinda thing. maybe the odd bit of charity.

I don’t know…[Read more]

Pinit,

you said

“Do you see what I mean!!!!
More than 150 people have read this thread since I first put up my post. Only TWO people have aknowledged it and said they would be interested …
Goes to show…”

perhaps that’s because nobody reads your posts any more.
I mean, why should they? You said

“I started reading this thread … Some posts…[Read more]

fields,

I found something I wrote a while back, it’s from the NZ thread in the treasure trove, and I’m copying it here.

The first bit is by KtKiwi (who is saying much the same as you) and the second bit is me.

“Be wary of small towns… I say this ONLY because I have seen several property cycles in NZ and I know what happens when we are in a…[Read more]

Hi Mitzu

yes you will have to get a lawyer in NZ anyway to buy properties so you may as well get them to be your power of attorney too. That might be your best bet.

cheers-
Mini

Just watched it tonight – Guy and Paulini are the send chills up your spine vocal talents. I hope they win.

hi ironman, drop your email address. cheers – Mini

i agree with westan, for me 10.4 percent (11 sec) is a *minimum* and I have achieved 20 percent with all my properties and intend to continue (if buying for cashflow.) No, they might not give me that much capital gain, and if i was hoping for capital gain (and in the future I might add some of those kinds of properties) – know knows, I might…[Read more]

i agree with westan, for me 10.4 percent (11 sec) is a *minimum* and I have achieved 20 percent with all my properties and intend to continue (if buying for cashflow.) No, they might not give me that much capital gain, and if i was hoping for capital gain (and in the future I might add some of those kinds of properties) – who knows, I might settle…[Read more]

“i think all the time is the best time to buy”

stillinschool, that’s the best thing I have read here all day.
totally!!!

cheers-
Mini

brilliant Muppet. Thanks.

Can’t say i can ever see Panmure becoming the next Ponsonby though. About as likely as Blacktown becoming the next Paddington….

hi lawrence –

http://www.wcc.govt.nz/publications/reports/archive/qoflife/page13.html

scroll down to the table with the most affordable areas for houses in NZ. then concentrate looking in the three most affordable areas. And at the bottom of the market. That’s where you will likely find the best yields. The properties could also be challenged.…[Read more]

Hi Bill,

” But then, I did get 7 emails requesting that I reserve 4 BSS’s.”

loved this thread! But….you have been setting yourself up as a ‘I have a zillion years experience in RE and finance, I’ll mentor people’ and you’ve been acting like a mentor. You have gathered a captive audience and i like the maths puzzles and so on that you’ve set…[Read more]

hi taylah,

firstly I wouldn’t call Cairns a rural town….

yes you are right about the lower end of the market, in my experience the better returns are found there.

It sounds like you are looking for +ve CF properties in the places where you find negative geared ones.

If you are ‘deciding on an area’ based on “growth, population and…[Read more]

if you believe ‘there are no more deals out there’ you won’t find any.

don’t buy into that. there are a lot of us with deals we are finding (recently !and right now) and we want to help others find some too.

why would we do that if there aren’t any to find. Why would we introduce others into a market if we thought there wasn’t enough for…[Read more]

welcome michael, thanks for your post, will take it on board.

cheers-
mini

hi all,

“Instrument played by Mini = Property
I think she mostly play in NZ”

well said!

cheers-
Mini

melbear – yeh totally.

Hi Dino and everyone,

not jumping to anyone’s defence just yet – but over the last couple of years, I spent….
$30 rich dad poor dad
$100 various ‘get your financial sh&^&^t together’ books
$70 robert kiyosaki live
$800 robert kiyosaki pack including board game, CDs, books, etc
$30 real estate riches book
$140 dolf de roos live (shouted a…[Read more]

results of 2 recent valuations –

16 plus 9 spent – valuation 19
19 plus 11 spent – valuation at 25.

But…valuer said ‘you’ll be able to sell them at value plus 10K’.

*jumps up and down with frustration!*

why didn’t he add 10K onto his figures then?
I asked for current market valuation…. I know there are no houses that good for that price in…[Read more]