Hi all
Kurek Ashley, there is a free DVD of him with this month’s KPI magazine. Re Dolf de Roos, I paid $500 for a ten CD recording of one of his seminars…Really good, and second best thing to going to it live.

He’s more about buying ‘property with a twist’ than just on the numbers. He’s pretty good, got lots of great ideas, creative ways to…[Read more]

westan
as usual I take my hat off to you
you couldn’t be more on to it if you tried.
Was your knowledge of the SA and Hamilton industries about to go it there the thing that made you buy there? And how did you find out that info?

cheers-
Mini

alf- re due diligence, firstly use the net, I don’t know if you were talking about NZ or not but using…[Read more]

hi Richmond,

Dumps can be great (as long as they are structurally sound, which a builder’s report can tell you) as they are often half the price of the not-dumps, and won’t cost that much to fix up looks-wise- around 2K for example, for a handyman for say two days, materials, and $600 worth of paint. Can be big bucks to do plumbing, roofing,…[Read more]

Hi all,

I found those figures based on 1994 figures on the net, but I can’t find them again to post them!!

I saw a video of a seminar which was last year quoting similar figures (perhaps 92 not 94.)

I have also read that only 10 percent of properties are CF+ve.
Those few investors that have more than five, they’ve probably got some +ve CF ones…[Read more]

Hi there

If you get out 600000 at 7 percent and can invest it making a 14 percent return, shares+stocks/property/business, you should be about 42 K per year better off….

cheers-
Mini

PS Young gun – we are renting a house in Paddington for 400 per week, that would be worth 800K. The one next door has just rented for 500 per week and it’s not…[Read more]

Hi there,

Before you commit to build, have a really good look for what you could get for the same money in existing units or houses or block of flats for that price, and what they would return rent-wise. You may be able to get better returns by buying something older. Or maybe renovating some older-style units.

However building new has some…[Read more]

hey rod C drop your email and I’ll send you the guff I sent diamond

Diamond I will do the rest of it soon I promise!
cheers-
Mini

http://www.vocalbureau.com

I have to go back and look this up to be sure and I’ve lent the book to someone, but the reason RK wrote his book is that he’d retired financially free (remember building businesses, stocks and bonds, and real estate are the three ways to do this) – he became a millionaire, (velcro wallets) lost it all (to chinese-manufactured equivalents which…[Read more]

Westan, Aussierogue, – about that other book. Yeah well I hate to admit I have never read the whole thing right through, though from what I have read, I think the second half nails it better.

All in all, not a bad book, I think we’d be about due for a major update – (actually I believe the author has promised an update – though it wasn’t clear…[Read more]

buying the first one is the hardest for so many reasons….
am i doing the right thing? Am i going to lose money? what say it all goes wrong? what say I make a mistake? What say people laugh at me? What if, what if, what if, what if you don’t?
Which is worse? are you confident about the numbers? well go and tell the bank, and show them -!
I…[Read more]

yeah what’s happening with the MAP programme?
are you gonna announce it Steve?

BTW thanks for reminding me about wealth tips online, I just copied this part and emailed it to a friend who is the brokest person I know, to give him hope that even he too can become a millionaire for 77.5 bucks per week.
He’s not even forty either….

“Let’s say…[Read more]

hello

Diamond, check your emails,
your travel agent has been busy….
cheers-
Mini

http://www.vocalbureau.com

Hi all,

I think if you had a brand new desirable apartment in Auckland you could definitely request with the agent that you only wanted people who would sign a lease. I think that eventually NZ will go that way, investors will introduce it, people will get used to it, and it will eventually become the norm.

I don’t know if people are ready for…[Read more]

Hi KtKiwi,

>Minimogul, Whew what a large reply.

I know, I’m going through an obsessive compulsive forum phase b) i enjoy it.

>That $50k property will not be worth anywhere near $50k >when the next slump bites…
>Who wants to own a rental in a small town when property is >”out of favour” and vacancy rates go through the roof?

There will always…[Read more]

Hi everyone especially welcome KtKiwi

Very interesting to read your post.

I think that everything you say is true for most investors.
For the average investor.

Re: the BNZ thing if us resident Aussies want to be in the loop with things like that re: investing in NZ then subscribe to KPI magazine – I already knew about that from an article two…[Read more]

> Will there be too many rental props on the market and not >enough people wanting to rent? Will this force returns down >in a competitive market?

Hi there,
I believe the trend is that houses are getting less affordable and that the percentage of renters is rising. It follows that we need more investors. I’m no economist but it is logical to me…[Read more]

Not sure how much use this is to anyone but I’ll post it in case one day someone can use the info.
I only know about two NZ, in Wellington actually.
No Names Building Supplies in Adelaide Rd, Newtown.
My Dad has been scoping it out on my behalf and was impressed, even my mum loved it and couldn’t believe the size of the place and how much stuff…[Read more]

50/50 – you can’t get fairer than that!!
I’ve heard of quite a lot of partnerships where one half is the money partner and one is the time partner.
If I went into something with my folks I’d do the same – 50/50.

cheers-
Mini

http://www.vocalbureau.com

The thing which is so interesting is why this dude has to spend so much time and energy running RK down.
He’s probably jealous of his success and is living in fear/lack rather than abundance – he feels RK is ‘stealing his customers’.

A lot of those criticisms are just silly – RK isn’t saying education is bad, but he criticises the trend of people…[Read more]

>But you are very correct in assuming that crunching >numbers is not our forte.

Hi there,

don’t worry about that, it’s really not that bad, it’s only addition and subtraction and the odd percentage calculation which i found out how to do by finding some school -level maths pages on the net!! (just quickly – if you want to find out what…[Read more]