Hi Wayne

Don’t you believe it mate.
By the way the Chinese economy is going and not bowing down to the Americans there will be so many rich Chinese wanting to relocate in 10 years time there won’t be enough land to relocate onto let being a housing shortage.

And what about India. If they can afford to develop nuclear weapons there must be some…[Read more]

Hi Alf

Yes you are correct, there is NO stamp duty in NZ.

Also there is NO capital gains tax either.

Refer to NZ Suburbs for more comment.

Regards

Hi Guys

My Oskar loves rats particularly ones he can catch.

Regards

Hi Guys

Thanks for your thoughts on the matter. Here are two more postings from the other site.

Number One
“These rules are too restrictive. An acceptable yield for one person may be completely unacceptable for another. If you have a high income and lots of cash to use as a deposit you may be happy to accept a 7.5% yield. But if you have a low…[Read more]

Hi Steve

Thanks for the reply.
As you no doubt gathered the quote was from a NZ investor.

All except one of my properties are +ively geared and they are in 3 cities of NZ.

However for one reason or another I can not get enough on prior approval to be able to purchase the highly priced properties in the major cities.

Finding properties to fit…[Read more]

Hi Pinky

Now Eccles used to be in a show called The Goon Show. It was a radio show and featured the voices of Peter Sellers, Spike Milligan and Harry Secombe. I think Spike is about the only one left alive.
Other people in the show were Grippipe Thyne, Neddy Seagoon, Min and a few others I can’t remember because it has been quite a long time…[Read more]

Hi Guys
I like Fair Go. I also liked CSI: Criminal Scene Investigation until they moved it to Friday night which is my club night.[xx(][xx(]

Regards
Phred

Hey Arty

I said 20 posts per day not 140. You’ve got till late October to get your 1000 posts, not by next week.[!][!][!][!]

Regards
Phred

Hi Phred

Congratulations on the name change.[][]

Regards
Phred

Hi Guys

We have an Oskar.[] A ferocious little tri coloured fox terrier that absolutely hates possums. His tally stands at about 1300.
We used to hunt them a few years ago.[]
He would chase them up a tree and I would shoot them. Once I got it away from the dog I would pluck it. The fur is at the moment worth $60 per kg.[}][}]
He chewed Westan up…[Read more]

Hi Suzie

Congratulations. Now roll on for the tenants.
How many does this make?[][][]

Regards

Hi Arty

Go to it. My $100 bet is starting to look good again.

I have no tats, not really interested. One son has a big buzzy bee on one arm. His nickname is Buzz.
One daughter has a couple in various places. Her husband has a great big stud in his tongue. That’s not my cup of teat either.

Regards

Hi Dave

Give a Property Manager or two a ring and ask them what the rental situation is like in the area you are looking in.
Also ask them about the good/bad areas of the town, streets to keep out of etc etc.
I know of one PM who told a forumite that there were a few streets in a town that she would not handle rentals in.

Also get REs to fax…[Read more]

Hey Arty

What’s happened.
Has the boss at work wised up to how you are spending your time. You are about 40 posts down. My $100 isn’t looking too good.

Get posting.

Don’t take any notice of Pinky. You can discuss your property investing when you are home in bed with your partner.

Regards

Hi Harold

Try Jan Somers web site. I think an investor from Singapore made a posting about how much property he had bought in Cairns.
Certainly a cunning way of making a very quick buck now that everyone wants to buy there and prices have gone up.

Regards

Hi Steve

Your postings are getting as long as Minis.

Westan brought me a copy of your book and I have been spending the last few nights reading it. I am just about ready to reread the book and use a hilighter pen to mark the parts that tell me what I need to know and remember.

I am enjoying the thought provoking ideas that you have expressed…[Read more]

Hi Arty

Welcome back.
I’ve noticed your hair has turned white and there is a hint of a bald patch appearing on the top of your head.
I hope the tat didn’t hurt too much.

Regards

Hi Angelus

it is not the 11 Sec Rule but the 11 Sec Solution.
It gives a very quick indication if the property may be a good deal.
eg weekly rent divided by 2 times 1000 = purchase price.
Therefore on your figures (ave rent) $190 divided by 2 = 95 *1000= $95000.These figures would give you about 10.4% gross yield and therefore make the property…[Read more]

Hi Arty

Your absence has been noted. Quit sulking and get posting. I’ve got $100 on you that you will beat Sooshie to 1000 postings.

Pinkie please give Arty a prod into action.
How is he going to learn if he doesn’t ask questions?

Regards

Hi Guys

Cost NZ$6.95 per single copy and NZ$76.45 for annual sub.
When I log out I’ll be sending for an annual subscription.

Regards