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  • Profile photo of redwingredwing
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    @redwing
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    Loan to Value Ratio[^]

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    It Works..TRY IT

    [:D][:D][:D][:D][:D]

    REDWING

    Just Joking !!

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Originally posted by Rezix:

    I was just thinking a one time GUARANTEED, NO EFFORT REQUIRED return of 33% + inflation may be more suitable until I complete my education, start working full time, and have weekends/nights free.

    Where would you get a return like that especially Guaranteed..No effort required ( essentially no risk, high reward, high growth )..The *ding-ding-ding* noise is not the Bus..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Trev

    This gets posted every now and again here… the general consensus is ‘no’, but remember it all depends on your personal strategy..

    The Unit you looked at, you haven’t posted any details of costs etc associated and the deal.. hard to give an opinion..

    Whatever you do, you have to be ‘comfortable’ with your decision and have decided on a course of action based on many things..including risk level,age, what you expect/want from investing in property..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    CTL

    As Elves said, they may find you Finance or provide finance, then you’d be stuck !! adding in subject to finance, just so you have an ‘out’ if you change your mind is not the way to go..

    Apply for deals you only seriously want and add..subject to ( conditions as above ) which can give you an ‘out’ if the property condition etc is not as stated by the owner or problems become evident..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Post Count: 2,733

    Same problem……..

    taped it though [:D]

    To those that didn’t drop out, remember

    Risk + Effort = Reward

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Exactly.. Why sell, by the way ‘not selling’ will really minimize your CGT [;)]

    there are always other options, maybe post some details in the ‘help’ or ‘finance’ area of this forum..

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Post Count: 2,733

    Let’s handball this one to STILL IN SCHOOL [:D]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    MUPPET…

    AND BY THE TIME YOUR ATTITUDE CHANGES “SHE” CAN”T GET INTO ‘THOSE’ PANTIES [}:)]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Suze..

    Have a look at Westans post’s and some of the other’s re purchasing in NZ.. it can be done !!

    Me..never even been there…one day[^]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Originally posted by Nobleone:

    I have just released $88k in equity and I am thinking of investing in 1 of three ways.

    1. Buy block of land build new house and sell for profit on completion.

    Do the sum’s, how long to build the property, associated cost’s etc, approximate profit- (minus)taxes
    At the end of the day..what would be your approximate profit
    A- if all went to plan
    B- things took a little bit longer, you sold for a bit less

    2. Search for cash flow positive rentals.

    How many would you wish to purchase ? 2,3,4 ? where would you purchase, what area would you feel comfortable purchasing in ? How would you progress if there were problems ( maintainence/rent etc)

    3. Buy, renovate and sell.

    What kind of property would you buy/where, would you do the work, how much time would it take, how much could you increase the value by ? what associated costs would there be etc etc..

    Can you guys and girls give me some recomendation based on personal experience?

    ?Depends on “your personal experience” and doing what you feel comfortable with ! There is no right or wrong, many people have profited following each of these paths… which one do you prefer, which one fit’s your comfort/risk levels ?

    Cheers, Barry[:I]

    REDWING

    Bottom rung of the ladder ? well the only way is up !
    At the end of the day..do the sums for each strategy, the one you enjoy will probally be the one you’re good at !!

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Post Count: 2,733

    My 2c

    The journey of a thousand Miles begins with a single step !

    As has been stated, as Nike says “Just Do It”..

    Actually, attend your local library, look at the property investing book’s, and as a broader picture maybe read one of Noel Whittakers books, Robert Kiyosaki’s is a great read, The richest man in Babylon is a classic… P.S -Library’s free ( ask them to get Steve’s book )

    If you have some dollars to spend, see some of the recomended reading on this site..purchase Steve’s book ( Proceeds to Charity ) and get a ‘feel’ for what we’re talking about..

    Practice investing… look at properties in your real estate agent’s windows, imagine purchasing one, now what are your cost’s, what rental would you recieve, how much interest will you be paying..

    Join in this forum as you have done so..and read a ‘lot’ of the post’s..then ask some more questions..many here much more qualified than i are willing to help!

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Was on tonight on TT.. A day later

    Who said were ssslllllllooooooooooooooow over here !!

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    B4..was it you or S.I.S

    Hey ..see your getting the flood control activating you’re posting that quickly..

    Ha[:D]ha[:D]ha[:D]ha[:D]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Post Count: 2,733

    Was doing that

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Post Count: 2,733

    Now who

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    CHAN

    Stop breaking up your post’s and *racking* up the points with quick replies [}:)]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Thanks for the response Jamie[^]

    WOW..How good is this site, ask and ye shall recieve..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    As i’ve said before you can learn something from anyone, Skepticism is good cynicism is not..

    I’m glad you still walked out of the deal looking at the positive aspects Melbear..i feel sorry for all those that lost $’s

    From what i recall you seem to have a wealth of knowledge regarding most ‘guru’s’ and a great capacity to acquire knowledge

    Wish you all the best in your projects [^]

    REDWING[:D]

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of redwingredwing
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    @redwing
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    Not Quicker but definetly better….

    get out there and have a look around talk to agents, a lot of great deals don’t make it onto the net or a multilisting..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

Viewing 20 posts - 1,941 through 1,960 (of 2,376 total)