Forum Replies Created
Hi,
Count me in for some more NZ IP’s this year. [biggrin]
Cheers, Nobleone [jerry]
“Making mistakes is just another another tool for learning.”
I recorded it… But still trying to find the time to watch it… Maybe this weekend.
“Making mistakes is just another another tool for learning.”
AusProp,
My use of the general terminology ‘just received’ was not meant to be taken literally.[blink]
Yes, my mailed API landed in my mail box about a week ago… I also reserve the right to use the general terminology of ‘about’ to mean ‘somewhere in the region of’. [biggrin]
But methinks that not having received my KPI since the October issue is a cause for ‘slight’ concern[confused2]
also leaving 2 machine messages at the KPI office and getting no reply is somewhat bemusing.
Cheers, Nobleone. [blush2]
“Making mistakes is just another another tool for learning.”
Hi All,
This is long… But you really only need to read the first third or quarter of it…
http://www.libertyforum.org/showflat.php?Cat=&Board=news_business&Number=293235913#Post293235913
Well though through and interesting.
Cheers, Nobleone. [guilty]
“Making mistakes is just another another tool for learning.”
Interesting…
our distinct personality, The Discoverer, might be found in most of the thriving kingdoms of the time. Your overriding goal is to go where no one else has ever gone before. Regardless of the number of available natural problems to be solved, it is not unusual for you to continually challenge yourself with new situations or obstacles that you have created. You are an insatiable explorer of people, places, things and ideas. You thrive on constant change and anything new or different. On the positive side, you can be creatively rational as well as open minded and just. On the negative side, you might be an impractical and indecisive procrastinator. Interestingly, your preference is just as applicable in today’s corporate kingdoms.
Not so sure about the procrastinator bit though!
“Making mistakes is just another another tool for learning.”
Beerwah in the Sunshine Coast hinterland, QLD.
Maybe some of the other Sunshine Coast forumites would like to catch up somewhere central?
PM me if you’re interested.
Nobleone [biggrin]
“Making mistakes is just another another tool for learning.”
Off topic…. But I vote for a speel chequer two!
“Making mistakes is just another another tool for learning.”
Hi The Mortgage Adviser,
Of course interest rates can go down as well as up… But I locked in now because I KNOW that at the locked in rate I can afford the repayments and still make a good profit each month.
Once 3 years has passed I will be in a much more secure financial position so it does not worry me where interest rates will be at that point in time.
Why gamble on up or down when you know you can win if you stay where you are?
Hi Salla,
Yes I am always looking, but I will only buy if the gross return is 10% or more, 12% to 14% would be preferable.
I’m no tax specialist and my set up works for my circumstances, I followed the advice of my OZ accountant as he is a property investor himself, he looked at where I am financially and where I want to be and told me the best set up for my circumstances.
He tells me that once I’ve paid tax on earnings in NZ then monies transferred to OZ come in as tax paid.
You really need to talk to a tax expert who can evaluate your financial situation.
This does not really explain in any better detail, maybe another forumite can help more that I.
Cheers, Nobleone [biggrin]
“Making mistakes is just another another tool for learning.”
Hi Salla,
I have 4 IP’s in NZ.
All purchased via an Oz trust, NZ financed.
I locked in at 3 years, lock in whatever you can because the future is going to be unpredictable.
As I have been informed, I pay NZ tax on my NZ income from rentals and any profits are transferred to Oz with tax paid status.
As I own 4 properties my PMs only charge 7.5% plus GST.
Chuckle … point 5. forget the emotions, forget the beauty, forget the wondrous scenery of Queenstown, check out the numbers, check out the viability, check out yourself… If you still want to do it then you’re right.
I might fly into the wind with other people on this forum, but at the end of the day, its all up to you.
Cheers Noble One [biggrin]
“Making mistakes is just another another tool for learning.”
HI Alexlee,
I’m in the same boat as you… Buy and hold and let the property work for you.
Property prices up or down I don’t care because all mine are + CF, nothing less than 12.3% gross.
In 20 or 30 years time they are sure to be worth a heck of a lot more.
I’m currently sitting and watching the QLD market patiently coz within the next 18 months there are going to be lots of bargains as the nervous wannabe investors decide to dump and run.
Cheers, Nobleone. [biggrin]
“Making mistakes is just another another tool for learning.”
OK Yack now that you’ve made the point about looking back in 12-months, here goes my basic plan for 2005.
Revalue 4 IP’s in NZ once all the reno and painting work has been finished around March.
Use the CG to buy at least one neutral CF NZ property with high CG potential or buy at least 2 more +CF NZ properties to increase my servicability and if I get any CG from them then that’s just the cream.
Keep watching QLD OZ market to see when the nervous folks start selling off so that I can grab a bargain.
Ideally would like to find a large block with sub division potential or a vacant block to get DA for townhouses.
Ask for and receive a pay rise from my boss.
Enjoy more family time.
That’s my basic plan, cheers, Nobleone [biggrin]
“Making mistakes is just another another tool for learning.”
Spanky you may have opened a can of worms here…
My biggest irritation right now is NZ contractors and PM’s that don’t get back to me in a timely manner, either by phone or by e-mail… Time is money especially if you loose a tenant because of some little problem that could have been sorted in less than a day if only contractors or PM’s had gotten back to me.
There are more… But I need to ponder and do some deep breathing exercises right now. [angry2]
Cheers, Nobleone. [xmas]
“Making mistakes is just another another tool for learning.”
FireCeasar,
I agree 100% with what Michael just said… Don’t rush into the current market without doing your homework… TWICE.
Cheers, Nobleone [xmas]
“Making mistakes is just another another tool for learning.”
Hi FireCeaser,
Nice forum name [biggrin] I assume it relates to the quote “Render unto Ceasar etc…”
I digress, I can appreciate where you’re coming from, was there myself 6-months ago and I remember thinking ‘Gee I really don’t have a lot of money to splash around on courses, property valuations’ etc.
But case in point, one of the best investments I ever made was a $200 pest inspection on a duplex in Mt Isa… They found termites and so I pulled out of the deal.
I had signed up at $120K and when the termites were discovered the owner took it off the market to address the problem… I now notice it is back on the market at $140K I assume that the vendor is trying to recover his repair costs.
So now the first thing I do is get the pest report in as it is the cheapest of all to do, if it is satisfactory then I get the building report done and finally if needed an electrical inspection (older homes).
Hope this little bit of the jigsaw helps you see the bigger picture.
Cheers, Nobleone.
[xmas]
“Making mistakes is just another another tool for learning.”
Apart from my signature, I like what my dad used to say…
“You can’t put an old head on young shoulders.”
And this is not really a saying but…
We the willing, lead by the unknowing
are doing the impossible for the ungrateful.
We have done so much, for so long, with so little
we are now qualified to anything with nothing.Cheers, Nobleone [blink]
“Making mistakes is just another another tool for learning.”
I’ve got nothing to add at this point… Just seeing if my new signature works!
Nobleone
“Making mistakes is just another another tool for learning.”
Michael,
I also see Yacks point… However he/we have to ‘get over it’ because there’s multitude of people out there all buying books and becoming instant property gurus and we can’t stop them all from making some mistakes.
As my father used to say…
“you can’t put a young head on new shoulders”
People buy cars everyday, some buy lemons some dont… It’s the same in property investing.
OK so we hand out advice on this forum if we’re asked, whether the askers take that advice and use it is up to them… Stop worrying about them.
As I like to say…
“Making mistakes is just another another tool for learning.”
Cheers, Nobleone [biggrin]
Hi All,
Since my last post to this thread I have been thinking…
In a nutshell, for any ‘noobies’ following this thread and getting mixed messages as to whether or not to jump into the property market at this point in the property cycle…
…This forum is populated by investors who have different strategies, which will determine whether they invest at this point in the cycle or not…
… Investors who have different goals, which will determine whether they invest at this point in the cycle or not…
… Investors who have different financial situations, which will determine whether they invest at this point in the cycle or not…
… investors who have different fears/mindsets/experience, which will determine whether they invest at this point in the cycle or not…
And so on and so forth… Add in as many different whatever’s you can think off.
The point is, until you as a ‘noobie’ have decided what your own personal investing strategy is and what your personal limitations are, then whatever is said on this forum is just someone else’s opinion based on their own personal circumstances not yours.
It all comes down to you at the end of the day.
Happy learning/investing/experiencing/growing/contributing etc.
Cheers, Nobleone
[xmas]Hi All,
A great thread and a long read from start to finish… But worth it.
My hat off to Mini for such a wonderful ‘from the heart’ post… Go girl![specool]
Also to MichaelWhyte for dispelling the stereotype that newbies are ill-informed idiots fairly salivating and frothing at the mouths to dive in for a slice of the pie while it’s hot.[thumbsupanim]
I too am a newbie to IP’s (6 months) but I have made my 4 investments by not over stretching my finances (currently 80%LVR), researching my areas, locking in interest rates for 3-years and plowing through the various threads on this and other forums.
We are all unique; therefore we all have different ideas, thoughts, strategies, limits, fears, phobias etc… So one size does not fit all in this or any other cycle of the property market.
So to newbies I say ‘go for it’ as long as you know and understand what you have to loose and are prepared to loose should it all go wrong.
On the upside you could also end up with a big s***t kicker grin on your face [biggrin] like Mini.
Either way it’s your choice… But remember to look before you leap.
Cheers, Nobleone [thumbsup2]
Aaaaaah… Thank you Foston… pretty obvious address when I think about it… [withstupid]
cheers, Nobleone [blush2]
