Forum Replies Created
Mini
thanks mate
recovery[
][][:0)]
hi recovery,
yes I did get your email, sorry, I must have read it and not replied, I will reply later on>i try and get my friends into this PI stuff
>and it is hard going
>I dont think I am a lemming as ypou poited out .54% of the pop >is not herd followingI agree – I mean, I’m the only person in my circle of friends who has a bookshelf full of materials to try and improve not just my mind but my investing knowledge, not to mention the three seminars I’ve spent $$$$ on
[]I am gratfull I have one mate who is into this
as none of the others are
I feel sorry for them, when it comes to retirment they will be srewed living on <25K
I try to explian the power of using the banks money to make money
and all I get is what if the tenent leaves
what about white ants
what about interrest rates
what about the bloody weather….
too scared to have more than one loan at a time
and pay it off as fast as they can MADNESS>but I am going over to NZ and getting as many
>of those good PI as the bank will lend
>if interest rates go up tp 10% I will be
>still; coveredgood on you! There seem to be less in NZ under 30K these days but there are still many under 40K. In fact what I have learned, from starting at the bottom of the bottom of the market, is that if I had spent a little more I would have (for example) got better houses in better areas that although the yields are not quite as good probably would have been easier to rent to the ‘perfect tenant’. I will eventually work my way up the market into those kind of properties not to mention some cap. gain ones, i’m thinking
you learn by your mistakes
I have, when it comes to money info gets into my head faster and stays there
>I just look at county OZ PI’s
>and surpised and shoked at the low number
>of PI there and the ones there are under contact
>NZ is looking goodyeah – I felt the same – believe me I looked in Aussie first before resorting to NZ, and found that there was nothing really that I could afford that I liked – I think I was about a year too late for areas such as bathurst, ballarat, etc
there is still good buys in NZ
I glad I have this time off work to get them
and thinking of giving my pretend job away as it gets in my way of this>thank you for all your help and the writing
>such huge reply to this disscussion groupthanks, my boys have been away for four weeks so I have had lots of time to do lots of self-indulgent things such as spend and unhealthy amount of time on this forum! Plus I am between deals (waiting for one to settle, etc) so not so busy looking for deals for hours as I was.
>I am a happy PI investor and also profitable one
I am not profitable, yet, but I am sure i will be in the long term. I have figured out that even with a 50 percent vacancy I can still be CF+ even with finance, so I reckon it will all come good in the next month with my three baby IPs.
good luck with you next deal hopfully you will put into pratice what you learn into them
I have found it gets so easy spotting a good deal
I always get pest and building report and speack to the rental person to find out what the rent will be not what the sale person tells me
also look at other angency see what is for rent
cheers-
Mini
thank i ahve your email
recovery[
]
mini
i try and get my friends into this PI stuff
and it is hard going
I dont think I am a lemming as ypou poited out .54% of the pop is not herd following
but I am going over to NZ and getting as many
of those good PI as the bank will lend
if interest rates go up tp 10% I will be
still; covered
I just look at county OZ PI’s
and surpised and shoked at the low number
of PI there and the ones there are under contact
NZ is looking good
did you recive my email?
thank you for all your help and the writing
such huge reply to this disscussion group
I am a happy PI investor and also profitable one
bry
][
]I am gratfull I have one mate who is into this
