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nugen
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@nugen
Join Date: 2003
Post Count: 58
October 31, 2003 - 11:25 am
Fudge
You shoul be proud of yourself. Well done!
I have only just started with it but it is much better than mine.
One thing to consider is New Zealand investors and taking stamp duty etc out of the formulas.
Cheers
Nu Gen
nugen
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@nugen
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Post Count: 58
October 31, 2003 - 7:50 am
yes please
[email protected]
nugen
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@nugen
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October 28, 2003 - 6:04 am
Fudge
Can I have a copy too. I did one myself a while ago. Keen to compare it.
jamiedbeal”at”hotmail.com
Jamie
nugen
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@nugen
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October 24, 2003 - 5:41 am
Taylah
What is wrong with property under 80K? If you buy 2 that 160K invested positively etc. I guess you have to add stamp duty etc but the figures can work out.
Good Luck
nugen
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@nugen
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October 24, 2003 - 4:02 am
Don’t worry too much about the money. Do you love the country? If, so move there and you will probably be debt free with a little income.
Nu Gen
nugen
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@nugen
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October 23, 2003 - 6:29 am
Don’t just look in Mildura. There are plenty out there. Try other states, or more remote towns.
11 second rule may be hard to find but if you put 20% down as a depostit that may give +cashflow.
Nu Gen
nugen
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@nugen
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October 22, 2003 - 7:00 am
I’m on the Central Coast. Sounds like a good idea. I’ll call you.
Nu Gen
nugen
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@nugen
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October 9, 2003 - 4:16 am
I went and asked my bank manager this same question and he said if you have an existing IO loan and apply for another loan it will be harder to get as the bank sees that your debt is not reducing over the years.
Ask for yourself as I cannot fully remember the conversation. Either way I was talked out of it.
Nu Gen
nugen
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@nugen
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October 8, 2003 - 11:16 am
I just saw a good thing on Today Tonight tonight[] that showed quantity surveyors valuing the depreciation on all fixtures in the IP including building and reno costs before the owner even bought the house. Check it out on their site.
Nu Gen
nugen
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@nugen
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October 8, 2003 - 11:08 am
A little birie tild me that in some areas the tenant picks up the bill for the tenant finding commission(usually one weeks rent). Then you could say to the tenant “if you pay your rent on time for the duration of the lease I will give you a bonus of 1 weeks rent in cash”.
Ask your PM[]
Nu Gen
nugen
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@nugen
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October 5, 2003 - 9:35 am
I like all sorts of stuff.
U2, Jeff Buckley, Smashing Pumkins, Powderfinger, Queen, Stone Temple Pilots, and top 40 stuff. Beatles and older stuff is good too.
Nu Gen
nugen
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@nugen
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September 26, 2003 - 6:27 am
urgeman
You could get a close friend or family member to occupy the house and pay board. This way you get FHOG and rent it out. I say family or friend because it could get nasty if you try that with anyone. I have had friends that did this and it worked really well.
Nu Gen
nugen
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@nugen
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September 15, 2003 - 7:27 am
Just a couple of quick questions about investing in NZ…Can you claim interest paid on the loan?
Are there any extra charges from the NZ banks for being over here.
Nu Gen
nugen
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@nugen
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September 15, 2003 - 3:27 am
Teylu
I live on the Central Coast and will be selling shortly. Wanna buy a house possibly with extended settlement?
If you want I can email you details.
Nu Gen
nugen
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@nugen
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September 15, 2003 - 3:23 am
Sparker…..need an apprentice?[]
Housesitter…..I did a Certificate III in IT and now have a fine job. I definately would not be here now without that. I have since mentored a TAFE graduate who will soon be offered a full time job here.
If he/she really wants to do this good on em. Give them encouragement.
Nu Gen
[]
nugen
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@nugen
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September 13, 2003 - 9:19 am
I am a systems administrator at my local council on the Central Coast NSW. It’s heaps better than commuting but hopefully I can retire early from successful investing.
So if you have any problems with your PCs feel free top ask. []
Nu Gen
nugen
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@nugen
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September 12, 2003 - 5:01 am
I too have decided to do this. I have my wifes backing which was surprising. So I will commit us before she changes her mind.
I sold it to her like this…
We have a mortgage of $250K
Our property income each week is -$350/wk as it is our mortgage repayment.
If we used the equity to buy + cashflow IPs(1-2 at most the banks will lend) property income may reduce to -$250/wk at best.
If we sell and buy $500k worth of IPs our weekly property income would be at least +$250.
If I pay $150/wk rent. I am still left with at least $100/wk in my pocket.
That’s roughly a net difference of $450/wk that stays in my wallet. I can now use that to buy more IPs.
Please shoot me down quickly if this is wrong because the crib is going on the market once renos are done.
Nu Gen
nugen
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@nugen
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Post Count: 58
September 11, 2003 - 4:59 am
Ez-rent
Below is a link to disable system file protection. Generally it is a good thing to have, but annoying. There are also other settings you can specify.
http://support.microsoft.com/default.aspx?scid=kb;en-us;222473
I don’t have the program but have made this change before. Be careful though.
Nu Gen
nugen
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@nugen
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Post Count: 58
September 9, 2003 - 6:39 am
Westan
I too have been reading a heck of a lot of posts and seem to be lacking a wealth creation plan. I have read most of the books but would like to see what you use as a guide to measure your goals.
You seem to be one of the more experienced posters here.
Could I also send you my details?
Nu Gen
nugen
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@nugen
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Post Count: 58
September 9, 2003 - 2:50 am
Have you considered selling and renting or boaring with friends. The profit you make from your sale could go a long way.
nu gen