Forum Replies Created
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 anyone wants it! Pretty wild!! (note o animal lovers, Unlike Aussie where they are protected in NZ possums were an introduced species with no natural enemy and they have spread to being a complete pest now that eats the delicate native seedlings not to mention kiwi eggs, etc
‘brat’
*gross out alert*
ironing rich people’s underpants in london with, um, nasty marks on them
I didn’t mind the ironing, really, at the time, it was just the underpants i minded
oh yeah once I had to sing an ad, to which the lyric went
” at the vacuum cleaner specialists, SUCTION CENTRES!!!’
of course it was the one that aired for a thousand years
how embarassingI don’t use ’em either
i don’t even know how
(don’t tell me!!)ok go!
steve od
you should go to the sydney or melbourne one….flights are relatively cheap these days aren’t they? I went down from syd to melbourne with my dad to the last APIM one and it was great.!
Specially more fun to go to it in a different city and stay in a hoey and eat out and stuff.cheers-
Minihi westan,
sure did, thanks – i wrote you a longish email back, did you get it? all of you look gorgeous!!! great to put a face to a name with muppet too!!!
I am bummed i couldn;t be there (byron was great though – am heading back there tomorrow for three daze, yeh!)
yeh bridgette is doing amazing stuff, i am trying to talk her into coming to the Steve seminar in november.cheers-
MiniPS tell diamond to get he *ss back here at the forums, we miss her
Bridgette!! yay!! you’re a landowner!! Cool!!
(and doesn’t that just make a huge psychological difference to one’s life???!!!)
To know you own your own little piece of turf somewhere!
So proud of you girlfriend!!!!
the next thing is what to do with the land? You could always look into getting a relocation house from somewhere and getting it plonked on there. There are actually house-yards and the price includes having it piled (NZ-speak for stumped) onto the section and connected to power and water.yeah i reckon your land will go up for sure!!
Re Dunedin i don’t think you could get in to the market there for 40K. However i might be wrong, but then it might be a dump and need complete renovation. What I’ve seen (but still cashflow positive) is around the 75-80 mark.
I know a girl who bought land at Himatangi beach for 15K and it seemed to double overnight, that is, as soon as she bought it she had offers to sell for 30K.
That’s a beach that’s to the left hand coast of Palmerston north or Levin kinda area. hokio beach too. trouble is the areas are small and there isn’t that much for sale there at the moment.cheers-
minic’mon pinit reply….!!
cheers-
Mini“they have fallen by 27% in Southland.”
re muppet’s post, yes that is true, but that’s what makes Southland and taranaki and wanganui areas the most ‘affordable’ in NZ and the areas where you are most likely to get +ve CF.
Yes it is possible to get +ve CF with cap gain potential (dunedin, waimate, milton, oamaru) but you have to spend a bit more to get in the market there, particularly dunedin, and Oamaru i have a huge vibe for. As an upcoming beautifula coastal town with heaps of beautful old white oamaru stone waterfront buildings, now being developed into tourism hotspot, the penguin thing brings in the people, europeans moving there and starting groovy cafes where a few years ago you couldn’t even get earl grey in the town let alone cappucino….Dunedin I have a huge vibe for as well….terrific place…beautiful….and still CHEAP to get a gorgeous red brick mansion right in town (relatively speaking!) Because of the young student population it’s like a mini-melbourne, it feels funky and alive. Much hipper than the more staid christchurch.
Ditto Milton, hard to find anything for sale there, but jobs going in there like mad
What AD said re: what does it matter if you only get a bit of capital gain if you are buying for cashflow? At a 20 percent yield after costs (still achievable) you get a ‘free house’ in five years and then it’s like free rental income forever indexed for inflation. even after maintenance, rates, and management.
cheers-
Miniat steve’s seminar I went to there was this young guy of 20 or 21 called Sam in a suit with a shaved head who steve got to stand up and talk about his first deal. it was something like 35K in bathurst renting for 70 or 80. He spent a few weekends on it renovating and painting and then got the rent up 35 bucks or something. I may have got this wrong but the numbers seemed impressive to me at the time, whatever they were, and especially as he seemed so young but had already got started.
Sam was very inspiring
please! – no chat room –
“hi PPL how is everyone tonight”
“good, How R U? grin smily”*grimace!*
blecccch!!
I agree, the main benefit of a forum is it’s ‘stored energy’.
leigh, you beat me to it!!
I call it the ‘dave model’ and when i read it, i thought, gee, that’s simple, even I can understand it. i’m not going to reinvent the wheel, I’m going to follow it exactly!! I had enough to get the first three freehold, and then fourth one i’m going to start leveraging. i figure i should be able to stay well within 70 percent if not more equity throughout the whole time. i think the magic is when over time the rents get more and more but the debt gets less and less and starts to get paid off more and more quickly.
cheers-
minihi bridgette,
baby! it’s great to see you here!! yippppeeeeee!!!!!
make sure you do a little looksee on the topic called NZ suburbs in the treasure trove folder, because it’s got heeeeaps of info.OK yeah tokoroa-
I was semi looking there for a while, at one in particular a while back listed for 30K and rented for 110 a week with sitting tenant, and according to the RE agent (who I really liked the vibe of – jenny lamberton -) was a good tenant. Why didn’t i buy it? Because it was made of untreated timber. eek. And the RE agent volunteered that it was already starting to rot….I was trying to buy structurally sound properties that would last me for a while if i fixed it up and untreated timber just sounded too bad. If my offer would have been accepted i would have proceeded with a builder’s report but it wasn’t. Looking back yep it was a great deal but since I reckon i found even better deals in a town not reliant on one industry – anyway they didn’t accept my offer of 23K (based on research that in that area properties sell for way under GV and that was a fair price) I didn’t get it.I don’t necessarily think that properties have gone up as such,
since then, – i just think that the cheaper ones have been snapped up leaving the 40K ones and up still for sale.Keep looking though as traditionally people put houses on the market in spring and summer.
zanis – great idea to contact the police. I accidentally bought a house with a gang member living next door that nobody wanted to rent for 6 weeks. (now rented thankfully.!)
but the weird thing is that i was over there for 4 days renovating it and didn’t notice anything, it was a really quiet cul de sac street and there was an old blind lame dog waddling about, not even a scary one, and people would wave and smile in the street. the RE agent says it was because of it used to be bad 5 years ago but the stigma remains longer than the street is bad. if you get what I mean.What else – yeh waimate – i have heard there are some businesses going in there so it could be great for capital gain in the future as well as rental demand. the only reason i’m not looking there is that North island is closer to my folks and friends and easier to get to if I need to.
wairoa – yeah don’t forget that unemployed people need housing too, and provided you get a tough rental manager (as many of them are and need to be in those areas) who only take tenants with references, then look at it like, at least they have a guaranteed income! Because it is quite likely that at the bottom of the market in a town like that you might indeed get a beneficiary as a tenant.
Now i have heard horror stories about a certain town in Queensland where landlords make their houses concrete inside and out because aboriginal tenants strip everything including ripping up floorboards for firewood. Now I don’t know if that is racist white people telling stories or true because I haven’t been there to see for myself. But I haven’t heard anything bad like that from NZ.
However……two of the places i bought were off the same vendor who hadn’t done any maintenance for 15 years. they were pretty trashed (though structurally sound – ) in fact bridgette you’ve seen pics so you know what I mean. And in the state they were in they attracted only the lowest kind of tenant because they were the lowest standard of house. Now they are improved the tenant they attract has changed too.
that’s all for now
love Mini
howev
Hi Aafreen,
good on you for learning all about it. I was clueless a year ago and I did some seminars and read lots of books and listened to tape sets…spent a fortune! My boyfriend thought I was spending too much on education at the time! Now that I’ve bought three IPs and can explain the numbers to any one he totally gets it and it makes sense. But before I had done it, my BF was my first critic. But it’s such a help to have early critics in the long run.
Luckily I didn’t need to ask my BF’s permission to invest and I had my own money etc, but I can imagine it would be hard if you want to do something with your partner but they’re resisting. I don’t think you need a financial advisor for the moment. A lot of them are employees and take your money and lose it for you. Rather than advising you on what might be a lot better – they don’t know about it, otherwise, they wouldn’t be working as a financial advisor in a JOB. Seriously, most of them are sales agents for various investments. Like a mortgage broker in reverse.
whoops gotta dash – finish this later
cheers-
Minihi Richmond,
*rant alert*
Yeah, I guess, after september 11, that’s when i first realised,
shock!!! oh my gahd, the media is *biased*!!!!!After that I didn’t take it for granted that the media (I’m talking about mainly TV here) tells the truth.
They care about ratings first….and really they are just showing ‘press releases’ a lot of the time – Dan Rather said as much in his excellent interview with Rolling Stone a little while after Sept. 11.
I can’t really rant more right here as this isn’t the soap box.
but just one more fact for you – American news programmes show 95 percent American content and 5 percent international. more than that and the yanks change channels.
Doesn’t that just really explain a lot?cheers-
miniI’m paying 10 percent in two different towns. But that includes letting fees, and full service. No additional costs either except that they mark-up any tradesmen work they supervise on my behalf.
I am really happy with both agents. One has dealt with an insurance claim for me, too.
cheers-
MiniIf a bubble is to burst without any economic indicators changing, then it’s the media’s fault for messing with consumer confidence. However if interest rates rise, that’s a ‘real’ thing that could affect property buyers for sure, and the negative gearing people will be hit the hardest. i.e. 90 percent of property owners. Why – because their properties will be even more negative, causing them further cashflow loss. If people then begin to sell causing prices to drop the negative gearing people will surely weep even harder. because after all the only reason to lose money into a property each month is to make money on capital gain down the track, right?
However we here are all Sophisticated Investors, aren’t we, who have all downloaded and read Steve’s chapter about what could happen if interest rates rise, and we’re prepared for anything and have allowed buffers in our calculations, right? Or else we’ve all fixed our interest rates, right? or else we’re selling, right?
“Low-doc’s loans baffle me, “
use a mortgage broker and let them do all the bafflement
as a fellow quantas telstra visa card devotee,
i got the same letter. The interest rate shouldn’t concern you, right? because you’re not in any consumer debt, right?
If you are, what the hell are you doing investing in property, huh?
trying to make 10 percent or so from your investment property after expenses (if you’re lucky) and paying out 18 percent on credit card debt???
That soooo doesn’t make sense and it’s NOT cashflow positive!!!!OK. So we don’t care about the interest rate.
we don’t care about these either, right?
*Late payment fee: $35
*Overlimit fee: $35because we’re not in consumer debt, right? So therefore we are never over the limit.
>*44 days interest free instead of 55
and we don’t care about this either cause we’re never later than 44 days right?All we have the card for is for emergencies, and basically to get airpoints for everything we buy, as well as ‘free book-keeping’. OK. we agree..
So the cost of that is
*Annual fee: $26
*Rewards program: $22 (for each cardholder)I’m Ok with that….It’s worth it to get the points. Is it? do you use them??? I travel overseas at least once or twice a year on points, and often it’s those extra ones earned off the credit card that meant I could go when I wanted to.
*Spend $1.50 to earn 1 reward point (previously 1 for 1)
yeah well it’s not as good as it was, but it’s still OK for mecheers-
Mini
