Hi,

Owning land is a generic growth strategy. It usually delivers no income, other than agistment and storage, so because it is growth orientated, it tends to be speculative.

As investors, our job is to make the money money, in the quickest time, for the least risk and lowest aggravation. As such, what is right for one may not be right for…[Read more]

At the heart of it, not much has changed in respect to the act of real estate investing, however, technology has impacted the way a property is advertised for sale (still essentially a classified ad, but online not in the paper, so now there can be photos and more text), transferred, and managed.

As for tech advances: perhaps block chain…[Read more]

LOL.

Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.

The principle is this though: a mortgagor is different to a guarantor.

The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]

LOL.

Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.

The principle is this though: a mortgagor is different to a guarantor.

The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]

Hey Tony!

How are you? Well, I hope.

I see the RESULTS office is up for lease again. Are you guys moving somewhere else, or working from home?

I note that you only seem to post when you are plugging a workshop to feed into RESULTS sign ups. Why not start a discussion about the topics here, rather than simply advertising the workshop?

Thanks,

Hi Steven,

Let’s look at each in turn:

Stamp Duty

You are right in that purchasing multiple properties takes advantage of the ‘stamp duty free’ threshold for each property, and this could add up to quite a lot of savings depending on your total investment capital.

Applying your example in Victoria to calculate stamp duty, 4 x $250,000…[Read more]

Hi mate,

I am sorry to learn of your challenge.

Sometimes in the past I have found that it is easier to offer a carrot, than a stick. This means incentivising the tenant to move out, rather than paying money to force them out.

Perhaps “You’ve been a great tenant, and I want us end on the right foot. If you agree to move out by <date – which is…[Read more]

Hey mate,

This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?

If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.

Sorry I can’t be of more help. I do think you…[Read more]

Hey mate,

This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?

If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.

Sorry I can’t be of more help. I do think you…[Read more]

Hey mate,

This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?

If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.

Sorry I can’t be of more help. I do thinkk you…[Read more]

Hello and thanks for your post. That is quite a gift that you have inherited.

Before answering your questions, I’d encourage you to think about the investing strategy you would like to pursue (income or growth), together with your available funds, risk appetite and skill. Once done, then consider how this asset fits into, and meets, your needs.…[Read more]

G’day,

I understand why you’d want to post this to a forum board to get some idea of the issue, but given the specific nature of the question, and its complexity, I would urge you to seek the help of a town planner as soon as possible.

Regards,

– Steve

Howdy,

Thanks for asking, but there are no certificates that come with these courses. I think you might be confused with my Property Apprenticeship that came with a Cert IV in Business (if completed). However, that course, and that certification, are no longer on offer.

Bye,

– Steve

Hey Peter,

Thanks for your question. Yes, there are heaps, and heaps, and heaps of questions to ask, and matters to address in due diligence… if you want to make an informed purchase that considers risks and rewards.

This has been the focus of the recent study groups I have been running (Inner Circle 1 and Inner Circle 2), where I showcased…[Read more]

Not me mate. I hopped out a fews ago when the ones I bought were redeemed, or became ‘stale’ as they were not worth redeeming / enforcing.

Would I do it again? Probably not from afar without some presence on the ground to keep an eye on things.

Also, with investment yields  on the way down as investors chase return, tax liens have been p…[Read more]

Pre-approval is an indication, not a guarantee. Finance will always be contingent on the lender’s risk assessment of what is bought. If the valuation comes back lower than the purchase price due to initial repairs, you will need to chip in more cash. If the house is a knock-down job, they may only provide a land-valuation.

If you sign up but…[Read more]

Well, I normally do much, much better trying to buy at a fair price, rather than a cheap price.

A couple of times I have bought a bargain, usually because the property has been mis-marketed, its potential not understood, or just lucky. For instance, I once bought a property the next business day after it went to auction with no buyers making a…[Read more]

G’day,

Perhaps rephrase what you are looking for and seek tomorrow’s value today. That is, get ahead of the value curve, rather than trying to find a needle in a haystack, that is… it’s unreasonable shopping at ALDI and expecting David Jones quality. Cheap is as cheap does.

That said, assets are ALWAYS being mispriced (over and under) and…[Read more]

Oh golly. Now you are plumbing the murky depths of my memory.

I looked at this long, long ago in the hope of maybe picking up a cheap property, and here’s what I found:

a. Most of the things sold are personal effects (cars, household stuff, not real property)

b. I believe they must be auctioned, not sold privately

c. Auctions used to be…[Read more]

Thanks Steven. You bring a good practical perspective to the discussion about ways to get more timely and relevant data than a single broad measure.