Hi Benno,
I have just returned home from
geraldton, (2 hours ago ) and yes i did come home with 2 more investment properties. You need to be quick as everything seems to be sold as soon as it hits the market. The government is spending a lot of money on the foreshore and removing the eye sore railway line ,and im told also there putting a…[Read more]

I to are searching for the right software package so I would greatly appreciate the PIA PRO programme.

Many thanx
rigscaf@bigpond.net.au

Lots of great comments there [8D] Although seems most peeps already knew about regional areas were looked on differently by lenders as to urban areas. Personally im just learning this industry so im finding out lots of good info daily especially the great information that gets posted on these forums so keep it coming people as its helping me…[Read more]

Works with windowns 98 second edition no problem

another option is to find out how your accountant came up with those numbers? even if you still owed the complete amount from a interest only loan on the 5 properties . A refinance today would be 552000 @ say 6.5 % would give repayments of 35880 pa rental income at todays market prices would have to be in the facilinity of ip1-190pw,…[Read more]

Depends i guess if there principal and interest loans or interest only loans, if its p/i you should be able to refinance on the properties and have a big reduction in your repayments to hopefully produce a positive income from the rentals,especially on the 1997 ,2000 properties.
Just my thoughts ?

Here is an excellant site for New Zealand Stats on just about everything you need [^]

http://www.stats.govt.nz/domino/external/web/prod_serv.nsf/7bf6387b49c5291acc256b16006b54ee?OpenView

Just some info i thought might be of interest to people looking in NZ . yeilds = Students x rough on house divided by good demand for rentals = hmmm[?]

The six urban areas in which New Zealand’s universities are located – Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin – contain between them 63.9 percent of the c…[Read more]

Well done Robbo sounds like you hit the jackpot with that property , i hope mine goes as well as yours, in saying that i really cant see any reason why it wont as its in a sought after area .
And thx Kat , you have given me hope again [] Cant wait for sewage now so i can start the developments []

Thanks for the replys Karan and Josh, I am on a high tax bracket (47%)and i can afford to hold and negative gear, its jsut ive changed my way of thinking from neg to pos after actually trying to learn a little bit about this game []
I work in the offshore industry so i only work on average 7 months of the year which gives me good free time to shop…[Read more]

Thanks rubbachook for you thoughts, To make my delema even more confusing whether to hold or flip is that the block is 1200 sqm so my original plan was to hold then put a house on the back of the block or even units . But to do this i have to wait for sewage to go thru which is happening in 2 years. The house which backs on to mine has come up for…[Read more]

Thanks sis for the calcs , Your right but i was only going by the 11 sec rule which makes the 100k 300 pw look pretty appertising[] Depends how you look at it , using opm id rather pocket the 150 than the 102 becuase the outlay would be the same if you structured the loan right (100% finance opm). Hope you follow where im coming from []and again…[Read more]

Hi Kelvinh ,
Im more of a risk taker so id like to follow up on some of those properties you listed . So could you please post the locations so i can do some follow ups [8D] (especially the 100k 300pw [])
Regards Risky

Your not the lone ranger there Dave, ive read numourous posts not only on this forum stating the same thing. It is hard to find a cheap property with a pos cf in Perth. I havent been able to find one but instead of giving up ive looked outside my local hunting grounds (could even be called my comfort zone) and have found many 11 sec properties.…[Read more]