setmefree replied to the topic are there any positive cashflow properties left? in the forum General Property 20 years, 4 months ago
Barry,
Just curios how did you find your NZ properties if you haven’t seen them before, did you use someone like westdan and what was your experience ?
thanks.setmefree replied to the topic why do you want financial freedom ? in the forum No Subject 20 years, 4 months ago
I am in a cynical mode here : all this saying a job gives you satisfaction, meaning to your life,
blah blah blah …… is all a conspiracy by the government & the wealthy class – the government wants you to pay tax, & the wealthy class wants you to work like a dog. Just like the travel industry always advertise to have a holiday you need to go…[Read more]setmefree replied to the topic Approx 8% rental returns, where???? in the forum Help Needed! 20 years, 4 months ago
okay that’s it, boys & girls you all got timeout.
I am not surprised 8% yield properties do exist, but to say you can find them with eyes closed is an exaggeration. Even when I spent $230 on a Residex +ve report many of the areas included have a miserable 4% gross yield (by the way I won’t buy from Residex again, it was a total waste of money !).…[Read more]setmefree replied to the topic Fibro House – is it worth it? in the forum General Property 20 years, 4 months ago
I would not knowingly buy a property with asbestos, or if I do will remove it first. All the assurance that asbestos is harmless if undisturbed is like saying there is no risk in playing with matches near a petrol tanker as long as the spark doesn’t contact the petrol.
setmefree replied to the topic Feasibility in the forum No Subject 20 years, 4 months ago
Hi there,
Can’t remember exactly what the equation is. Do a search in this forum. But roughly it means at the current interest rate, to have cashflow positive a property should return around 10% and this may have to change when the rate fluctuates.
cheers,
setmefreesetmefree replied to the topic why do you want financial freedom ? in the forum General Property 20 years, 4 months ago
Hi Monopoly & folks,
Thanks for the advice. It just my little whinge. Change of job, yes. I guess if I want to change the world I need to change the way I see the world first, especially the corporate world.
cheers,
setmefree.setmefree replied to the topic Who’s going to the seminar in July? in the forum No Subject 20 years, 4 months ago
For those who attended Steve’s seminars in the past, what are your opinions, are they worth the $495 charged ?
setmefree replied to the topic why do you want financial freedom ? in the forum General Property 20 years, 4 months ago
One more thing, money is not my objective to invest in property,but the freedom to do whatever I like is.
setmefree replied to the topic Forum Abreviations/Codes in the forum No Subject 20 years, 5 months ago
thank you Celivia, you are a champion.
setmefree replied to the topic Forum Abreviations/Codes in the forum Help Needed! 20 years, 5 months ago
I saw people wrote ‘…. PM me’ all the time, does it stand for Post Me me, Please Mail me, email me ? Been trying to locate this abbrievation in the forum. Can someone take me out of my misery, please.
setmefree replied to the topic Wantirna in the forum General Property 20 years, 5 months ago
I work in the city and need to go to Watirna sometimes. Even in off peak traffic it takes a taxi almost an hour to get there. Newish area to live in and okay if you work in the neighbourhood, but it seems so remote from anywhere else in Melbourne. As mentioned earlier the public transport is shockingly inadequate.
setmefree replied to the topic Time to share some success stories in the forum General Property 20 years, 5 months ago
westdan, did your house need restumping and how much did it cost because I am thinking if it is worthwhile to restump a IP in NZ.
MiniMogul, are your properties in fairly small towns, and which state if you don’t mind.setmefree replied to the topic Making a small fortune in NZ Real Estate… in the forum General Property 20 years, 5 months ago
Now boys and girls, I have a picture of a bunch of kids standing over a poor child in the school yard. I don’t know if what Bill said was right or wrong but everyone can have an opinion. Without someone like Bill this forum will be much less interesting.
setmefree replied to the topic sinking stumps in the forum Help Needed! 20 years, 5 months ago
Just wondering if the sinking is caused by the original stumps not put in properly (may be not deep enough), or if the soil is unstable another restumping may be needed in few years time (throwing good money after bad !). Any builders/architects in this forum ?
setmefree replied to the topic in trouble in the forum General Property 20 years, 5 months ago
Thanks everyone for your kind advice. We will try to get a loan and see how it go. Hopefully it is just a small obstacle in our journey to finanical independence.