PS

Did you know that loads of entire *countries* are highly ‘leveraged’ to the world bank? including the one I’m in and the one next door? and that the world bank is privately owned and was started after WWII to lend countries money to rebuild?

…..what about the US!!! i read the US is in debt to the world bank to the tune of US $18,000 per…[Read more]

hi anch,

“leverage

Definition 1
The degree to which an investor or business is utilizing borrowed money. ”

(i’m not ‘leveraged’ at all right now)

“Companies that are highly leveraged may be at risk of bankruptcy if they are unable to make payments on their debt; they may also be unable to find new lenders in the future. Leverage is not always…[Read more]

dressing down – totally!!

i was ‘clueless happy go lucky ex-pat on holiday fallen in love with the place all over again hippie chick’ and I think it might have worked….the low-status thing – in whatever way that works for you – tends to make people open up to you rather than fold their arms and look you up and down.

for this reason i wouldn’t…[Read more]

a vintage Aloha Hawaii theme!!!

….boys in hawaii shirts, girls in muu muus…sarongs etc…
flowers in hair….

entertainment – firewalking, fire-pois, hawaiian band w. ukuleles (tongan/rarotongan/tahitian band sounds similar..)
hawaiian or tahitian dancing….the MC is ‘elvis goes to hawaii’…
meanwhile on screen at back, old movies and tv…[Read more]

Hi there all

yes my renos have been done by tradesmen, all except for painting and decorating.

I think that let’s say i spend 10 it would have been 5 if i’d done it all myself, but then again, who has that kind of time? Not me and not when the property is a zillion miles from where i live and a plane ride. However even capitalising the purchase,…[Read more]

Hi Anch

so true. If it’s cheaper to buy than rent then why don’t people?

I think 1) and 3) are the biggest reasons, but 2) perhaps?

however if you bought your own home then it’s not giving you any cashflow – however good the deal – it’s taking away . -so people’s own houses are pretty much always negatively geared.

Although of course most…[Read more]

Hi anch,

yes, I’m following this plan.

I am just about to get a fourth property. Will let you know….this is where leverage steps in so I’ll keep you all posted…!

cheers-
Mini

0.093 seconds – and even a ‘well done!’

I have a friend who is buying computers etc second hand from e-bay and then selling them locally.
He is basically making his money on the principal you mentioned, because most people only buy something they can physically check out.
There’s some other reason why it works out well, something like that on powerbooks the warranty applies world-wide.

muppet!!!

Oh my gahd that is exactly the sort of deal I dream about!!
And if I had cash tomorrow to buy I would definitely check this one out!!! rotorua is a decent sized city,,,tourism…mainly the houses are more expensive than this so this could be a really good deal…especially if already tenanted and renovated….wow!!

Someone should check…[Read more]

“I think the 17% was on the $120pw on westan’s original purchase price of $35K. ”

oh yeah DUH!!!
Scuse me for having that little blonde moment.
I think perhaps I stayed in Byron Bay one day too long…hehe
no seriously, there is no such thing as spending too much time in Byron Bay. And yes, i looked at real estate in the window as you do while I…[Read more]

Hi Lucy, I bought twice under 20 and one under 30. All since April. The one under 30 is ‘delux’ in a grandmotherish way, with nothing to do
except plumbing, the other two were dumps and so i threw a bunch of money at them and they are super-fabulous now, new bathrooms, polished floors, painted, repaired, the works – and total for reno’s included…[Read more]

oh! A subject dear to my heart!

tried it in the US a few years ago. “oh my gahd” my body said,
“gimme some of that good stuff every day!!!”

So i was buying shots of it at great expense every day when it FINALLY came to Aussie (a year or so ago)

then I did some research into why is this stuff so…[Read more]

Hi Pinit, your bits are in ” ”

re “Actually the more I have been thinking about PGP (Positive Geared Properties) the more I agree that there is nothing intrinsically wrong with them! ”

nice one!

“Actually in a down market they would probably be the better approach. ”

I actually think that all three of the CF+Ve properties i bought this year…[Read more]

Man! Yeah you go girl!!!

As a wuss who hired profesional floor sanders to do my places floors, I can’t even imagine how hard that sounds. (yes i can actually because I talked to AD!!!) BTW the floor sander had emphysema from years breathing dust on the job – so bear that in mind too.

I have to say the pros were great – it was done in a week, and…[Read more]

sorry to harp on back to richmastery, but they do use spotters nationwide, and maybe that’s one place where you could pass your deals on. i mean become one of their spotters. i’m not sure what cut they give the spotter but it might be worth finding out.
richmastery.com.au

Hi everyone

i did the numbers on westan’s property after seeing someone say ‘why would you sell a property with a 17 percent yield ?” ….and i only got a 9.1 percent yield.

120 per week X 52 weeks is 6240.
Divided by 68250 = 0.914….

9.1 percent return

how did you get 17 percent?

i would say that as a generalisation, the cheapest houses in NZ are in the highest risk areas.

Either that or they need a lot of fixing up.

I heard that the higher the yield with investments, the greater the risk. I would say yeah that sounds about right.

Like the areas I’ve been buying in, sure they have great cashflow returns but the banks…[Read more]

I had squid that was still alive (the body was sliced but the head was still wiggling) in japan.

it was a great honour apparently so we had to try some.
I didn’t like it. it was gross. though i love sushi, i loathe raw squid (wonder why??!)

though i’ve never eaten it, I have a recipe for possum stew including the trapping and skinning part. If…[Read more]

‘brat’