Granyre,
yes absolutely! – deals are everywhere, the town is fine, if the deal stacks up, yes!

Del – yes couldn’t agree more!
Steve (or I, you, westan, or our spotters) may not be buying ‘this week’ because the numbers don’t stack up, or our offers are not accepted because someone wants to pay more, however as we all have bought there in the past…[Read more]

Okay, eeshole, why not?
Email me.
cheers-
Mini

NZ Versus Aus.

typical ROI we are buying in NZ is 10 percent + depending on the town. We will ‘stoop’ to 9.5+ for the right deal in the right town.

I recently purchased a 15.6 ‘with problems’ but then again I love problems, because as my Master taught me, aka steve, problem + solution = profit!

however we are able to find 10 percent deals…[Read more]

Well Westan good point, and actually I admit I have never invested in Tokoroa or Invercargill to be quite honest, but I may as well have because where I was investing in ‘town name irrelevant’, people said exactly the same things about.

Also, my business partners and compadres all have properties in Tok and I monitor all the deals we have found…[Read more]

Oh thank you Marc
Very sweet of you

for tinabell. torachan please see my previous post on the page before!

hi Tinabell

> How do we generate positive cashflow?
You have described a negatively geared portfolio which is now ‘maxing you out’.

> a) Increase rent and do up houses
yes – this is a perfect way to increase equity and income. however in the short term it is
worse because of…[Read more]

Torachan,

email me if you would like to be the proud owner of your first CF+ve property within three months. No charge, just because. I like a challenge. I see you trying to do something but you are self-combusting to the point where it hurts too much – both you and others here.

God Bless our parents and grandparents but they are not necessarily…[Read more]

“Jenny at Lambertons a call she is good to deal with and won’t sell you a dud”

*red flag!!!!!*
Crikey, reading that is enough to nearly make me choke.

An agent works for the seller

An agent is not a building inspector

An agent (even Jenny) does not have your best interests at heart, she has her best interests at heart first (making a sale).…[Read more]

The fear factor is alive and kicking it seems.
My point is that we are discussing the town, and it’s not the town per se, there are good deals and bad deals in every town.

“Sure the returns are great but beware of the
vacancy rates.”
couldn’t agree more, but if you look closer into it, “vacancy rates” vary with the condition of the property, the…[Read more]

Hi there
I use and am very happy with my accountant in South Melbourne – email me if you want the details.

Re ATO, yes indeed, I paid several thousands in tax mid last year and a few months later go a nasty demand for the amount I had paid plus interest. I called them, sorted it out, the problem was theirs of course, but luckily I also keep…[Read more]

Westan and Del I think there are still good deals to be found all over NZ, even in Tok. In a town like Tokoroa what I would look for is a lower price and a high yielding property compared to the exact same sort of house in other larger towns, and agree with what Robot said for the other criteria. Basically this principal applies all over NZ.

Well, quite.
One’s rents should be at market. If they are too low, you’re a mug of a landlord. If they’re too high, you’re a mug of a landlord.

Interest rates have nothing to do with the market rent, other than, if landlords collectively feel the pinch and with a sort of critical mass mexican wave all decide simultaneously (or through their…[Read more]

well interesting question stargazer

“Being not as enlightened as the other person/s how does one recipricate to say thankyou i really appreciate your time and input.”

Well, I think to be a mentee is to offer an energy exchange of some sort. You may not be as enlightened in property, but you may be extremely enlightened at something else that you…[Read more]

Bj nailed it and chris is sorta right. But let’s simplify it further. There are only two types of properties, positive cashflow ones and ‘other’. Positive cashflow ones put money in your pocket after expenses. All properties that don’t are negatively geared. I agree that positively geared properties SHOULD be a synonym for positive cashflow, but…[Read more]

ausprop,

‘come back, all is forgiven’! OK, well I knew that you were much too smart to not get it.

So anyway yah offshore. Because my devlopment happens to be overseas AKA offshore, a structure in the country I am building in seems rather boringly ordinary rather than trickily ominous, and all the rest of that stuff was ‘for entertainment…[Read more]

Bruham,

wow, that’s one of the nicest things I have ever heard and especially coming from you, anyone who remembers what we used to get up to will appreciate that as I do.!

“spoken to other investors and have found that a big help”

exactly, and seminars give you access to the sorts of investors (Steve, Dave, Tony, Reno Kings etc) for an entire…[Read more]

I have a great idea for you though, it is a way you can maybe help your grandfather win/win!!!!!!

Lets say you paid for a valuation on the property. let’s say it is worth 200k. (no idea, just picking a number.)

Then you go to the bank. And get a line of credit on the property. Let’s say 30k. Don’t go nuts to begin with otherwise it will be too…[Read more]

fall in love with the deal, not the property.
Otherwise you’re not an investor, you’re a consumer.

the ‘nice’-ness of a property has got nothing to do with how good an investment it is. In fact quite often I look for the most horrible disgusting property (for cheap of course!) and then sort it out. Amazing what a lick of paint can do, a new door…[Read more]

hi guys,

“a lady who claims she is a guru who owns a princely total of EIGHT properties”

well, when she got to the third one she joined the 0.7 percent of investors who own three or more properties. and what is it, only 70 percent of Aussies own a property, the rest rent (or something) so based on that math, that lady knows something that most…[Read more]

In NZ you can depreciate all properties, no matter how old or new. Another great reason to invest there, apart from no stamp duty, no cap gains tax, CF+ve, low entry, lots of legs in the market, strong economy, low unemployment, growing population, etc etc etc etc etc but I digress…
where were we…

bwendan you missed the fact that CF+ve…[Read more]