Hi All,

Just to update you… The ‘tenants’ were removed after going to tribunal, young niece turned up at court and admitted to not paying rents which the court has ordered her to pay and so far she is doing so.

Finally got the place cleaned up, fixed up and generally looking presentable.

Now PM2 has got snow bunnies moving in for the next 6…[Read more]

Originally posted by dmichie:

The main reason for the fall is the smaller than expected current account deficit in the US announced this week. It seems the weak USD of recent years is finally lifting America’s export performance and reducing their trade deficit.

Just adding my 2 cents here, personally I would not believe a word coming out of…[Read more]

Techowse,

It is people such as yourself that I was thinking of when I started this thread.

People who are looking for investments that give a good return and who may be instantly attracted to investing in the US because the numbers stack up great.

I was suggesting that as well as normal investment property due dilligence overseas investors…[Read more]

Techowse,

I don’t have a crystal ball nor am I a professional economist so I cannot accurately answer your question.

However as a personal investor I would certainly be interested in looking at purchasing US property if the US economy collapes.

Once things hit rock bottom there’s only one way for them to go…. UP.

But then you have to start…[Read more]

Hi Moneymad,

Welcome to the forum.

Be aware that some people/companies classify a property as cash flow positive once you factor in end of tax year tax refunds.

Personally I think that if you have to put your hand in your pocket each week to add personal dollars to your rental income to meet the mortgage payment then the property is NOT cash…[Read more]

Hi Techowse,

This is a very simplistic outline in response to your Q.

The point has nothing to do with the reported ‘oil crisis’ per se… The point is that right now across the world ALL oil is bought and sold using only the US dollar currency and because of this the USA is able to run up huge debts. (I’m not going into details here)

So if the…[Read more]

Hi Anubis,

I agree that the source I am referencing is somewhat lacking in rational economic discourse.

As I said this is just one of many articles I have read which are all pointing in the same general direction. Mainly US economic collapse.

It just so happened that I read this particular one yesterday and so it was at my fingertips when I…[Read more]

I was wondering who would be the first to use the expression conspiracy theories… Congratulations Anubis you won.

So you are of the opinion that the US economy is not financially unstable… is not overburdened by a huge balance of payment deficits… is not massively in debt that cannot be repaid and that if oil was to change to being priced…[Read more]

Hi All,

Anytime I get one of these unsolicited marketing calls, even if it’s the Red Cross asking for donations, about 10-seconds into the call you just know, so I just talk right over them and say “I never do any business or make purchases over the phone. Thank you.” Then I just hang up.

I’ve never had anyone call back.

Now if you really want…[Read more]

Hi All,

Just read thru this thread and noticed that some forumites posted that they were skeptical and thought it was too good to be true.

This sort of thing goes on all the time and not just in the building game.

Years ago I had a LOC with Citibank and recommended a friend to talk with the broker about getting a Citibank LOC themselves……[Read more]

Why is Sam Mann dropping off clean clothes and picking up dirty ones?[blink]

Or am I being sexist in assuming that Mrs Mann does the laudry!![blush2]

“Making mistakes is just another another tool for learning.”

Hi Ben,

Unless you’re a Kiw I think 90%LVR is difficult to obtain, although some people have managed it.

There is no stamp duty in NZ.

My solicitor charged around $550 per property.

Insurance was around $350.

Loan setup fees where around $500

Council rates are approx $1,000 pa

You may also need to factor in a building inspection and…[Read more]

Hi Westan,

The thought has crossed my mind, actually it was the wife who suggested it… But I will wait until March 31 and see what transpires… If I don’t get any joy I will be asking the Mungrel Mob to have a friendly chat with the squatters…

Agree on Harcourts… I’m with them now.

Cheers, Nobleone. [biggrin]

“Making mistakes is just…[Read more]

Hi Westan,

You hit the nail on the head… Are you having problems too?

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

Hi Dazzling,

I’m curious… Have you been asked to leave or is it your decision?

Either way can you tell us the reason behind the decision?

Forums need people like you in order to present a balanced character.

Don’t go!

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

HI Jake,

Here’s a wot if…

Wot if the tenant decides to move out just 2-months into the 12-month lease?

You said market rent was $130pw… But you’ve done your figures on a guaranteed 12-months rent of $140pw.

If you had to accept $130pw do your figues still stand up?

Just playing devils advocate here.

Cheers, Nobleone. [biggrin]

“Making…[Read more]

Moderators might also like to visit the profile of ‘getting there’ and remove the link to the web site!!!

“Making mistakes is just another another tool for learning.”

I’ve already parted with my moolah for the Brisbane weekend… See y’all there…

Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

Hi All,

Slightly [offtopic] but related to retirement, I got this story e-mailed to me…

About two years ago my wife and I were on a cruise through the western Mediterranean aboard a Princess liner. At dinner we noticed an elderly lady sitting alone along the rail of the grand stairway in the main dining room.

I noticed that all the staff,…[Read more]

Hi all,

Like I just said on Somersoft… Just another great reason for me to keep on investing in New Zealand… Do the various fed and state govts want to drive OZ PI’s out of the game?

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”