get a builder’s report and then you’ll really know what you’re up for.

http://www.vocalbureau.com

does that mean you got a zillion emails too containing pif and scr attachments? It’s so annoying, I don’t have a virus and Macs are immune to this sort anyway but I still had my email ‘hacked’ somehow so people were getting emails from me with virusses, which I never sent…!!

I think I have sorted it out now

cheers-
Mini

PS Yeah trout fishing…[Read more]

alf

please someone correct me if I am wrong here but i think that cashflow positive properties are in general not found in the cities. A lot of people are saying they are not available in Australia, but they most certainly are and people right here on this forum are not only finding them but buying them.

However…about that capital city rule -…[Read more]

Muppet
I will so!!!!!!!!!
December Jan, but maybe even sooner!!!!

I will definitely think about this gig idea….hmmm……!!!!!!!
hey drop me your email address again???

cheers-
Mini-MONGREL

http://www.vocalbureau.com

it’s not a rule. It’s just a quick way of calculating if your property is going to be cashflow positive at 10.4 percent (meaning rent should cover the mortgage plus costs.)

You are welcome to calculate it the slow painful way i.e. 50K property, rents for 100 per week, 100 times 52 weeks is 5200,
divided by purchase price of 50K equals 10.4…[Read more]

it’s not a rule. It’s just a quick way of calculating if your property is going to be cashflow positive at 10.4 percent (meaning rent should cover the mortgage plus costs.)

You are welcome to calculate it the slow painful way i.e. 50K property, rents for 100 per week, 100 times 52 weeks is 5200,
divided by purchase price of 50K equals 10.4…[Read more]

it’s not a rule. It’s just a quick way of calculating if your property is going to be cashflow positive at 10.4 percent (I use it as a minimum yield where the rent should cover the mortgage plus costs. You could be CF+ve with a lesser yield with depreciation etc but it’s not a given – yields over 10 percent should be well and truly CF+ve)

You are…[Read more]

Dear Alf and others out there

Like I said before “The deals are out there.”

I’m trying to be helpful here but really guys, c’mon

>Mini how did you come across the one you mentioned in n.z.

I looked for it!! Simple as that. And, it’s been on the internet for months for all to see.

>Did you know the area
not really, I mean I’ve been there twice…[Read more]

yeah for example here’s one I found a while back,

Ê$ 35,000

RENTAL INVESTMENT CENTRAL TOWN
For location you wouldn’t find better. Two minutes to Polytech, two minutes to Town. Spacious five bedroom villa. Newly painted both inside and out. Private rear section and elevated for views. Leasehold Land (Lease $670.00 pa). Rates ($1200.00). Rateable…[Read more]

crashy,

“At a yield of 2.7%, Sydney buyers WILL look for better returns elsewhere.”

yeah, it’s called ‘capital gains’ – while negative gearing like mad all the way. The way I’m working this particular market as a Sydney-sider is by renting someone else’s negatively geared nightmare at a calculated 1/3 of the price of an interest-only loan to buy…[Read more]

hi diamond,

>MINI: That`s awful! How much damage was done to the floor >surroundings?
no clue as have never been to that house!!!!!!!!!!!! Property manager said firebrigade dismantled chimney and declared it ‘unsafe’ – so there is a big hole and house is unliveable. Says that brickwork people will do the rebuilding including floorboards.
>I…[Read more]

Yeah Muppet

I actually thought ‘was that my fault? Should I have had the chimney swept?’
Probably!

Anyway luckily nothing happened to the *people*.

cheers-
Mini

http://www.vocalbureau.com

i know we are just about ren-ed out but I would still say that a budget reno to clean a place up and make it bright and fresh can make the difference to rent a place out for just that little bit more to make it more CF+ve as is adding value things like whiteware , cable, etc

http://www.vocalbureau.com

thank you terry!
crashy, I didn’t know you were a kiwi, hello properly!
A westy as in west auckland??

http://www.vocalbureau.com

Hi

Re Crashy v. Westan,

AFAIK the top of the market suffers the most in a property downturn and the bottom of the market the least. So you can get the 3 million places for 2 million, perhaps – that gives crashy his 30 percent less – because less buyers in that bracket. but the ones under 500K if there is such a thing in Sydney, will never go…[Read more]

yeah I’m all for it, it’s fun, a bit like watching two people….uhmmm…
play tiddly winks

*winks*

http://www.vocalbureau.com

yeah

*enthusiastically*

It must be Steve’s way of rewarding obsessive/compulsive internet-addicted geeks who spend waaay too much time online hanging with ‘virtual friends’ and shootin’ the breeze about property investing

*shocked, looks as self*

especially good if you hardly know anyone in real life that can remotely relate to what you do,…[Read more]

i like it

http://www.vocalbureau.com

well done crashy

http://www.vocalbureau.com

I love it!

-i suppose it has water views???!!!

BTW can we all post pics somewhere or can only you?
I’d love people to be able to post pics

cheers-
Mini

http://www.vocalbureau.com