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  • Profile photo of waz11waz11
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    October 12, 2005 - 11:48 pm

    Blair Onishenko from Landlords Link LTD
    0011 64 6 347 2602.

    By far the best property manager I have ever had.
    Absolute pleasure to deal with :)

    Cheers,

    Waz11

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    June 7, 2005 - 1:35 am

    Its parts of the USA.

    I dont know how accurate the statement about not needing to take a gun with you to collect the rent is though.

    There’s been heaps of discussion about the US on the forums – have a read it may or may not be your cup of tea…

    Waz11

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    April 6, 2005 - 2:46 am

    Terry,

    Excellent I was hoping to hear that it was not going to cost me a tonne of cash.

    Thanks for that.

    Waz11

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    March 1, 2005 - 1:26 am

    Mini, SeaFire,

    Bradley is no longer with Stoneman Financial Services. Have a word to Ron or Mark Stoneman or even Kelly at reception.

    They are always more than helpful and should be able to fix you up without any issues.

    Cheers,

    Waz11

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    February 27, 2005 - 11:46 pm

    Mini,

    Congrats – I think you will do well..

    Question for you : Is this development in NZ?

    I too am doing my first development this year – in NZ. Would be lovely if I could make that sort of profit margin….

    Good luck with it

    Waz11…

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    February 18, 2005 - 6:38 am

    Jenny1,

    Excellent work for your nephew – thats quite an impressive effort – I wish I could start run a successful business – yet alone do it at the age of 17!

    There are a few young investors around that you come across every now and then. Myself I was 21 (I think that was young ;) ) when I bought my first IP. 2 years later my partner and I now own 5 houses and a small block of Units.

    I think your nephew will do well with investing – seems to have the right sort of mindset for his future and finances.

    Good luck to him.

    Waz11

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    January 10, 2005 - 3:47 am

    Hi,

    I have been buying in NZ since March. Since then we have seen an average 30% increase on all our properties (5 houses & 1 block of units). The areas we have invested in seem to be still going as strong as ever and so we continue to use the equity to reinvest in NZ. All properties are +ve cashflow and we have had very little vacancies.

    I will definelty be staying focused on NZ.

    Waz11

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    December 23, 2004 - 2:13 am

    Wow – not the kinda news i was hoping for – thanks though.

    Profile photo of waz11waz11
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    November 16, 2004 - 1:47 am

    Done… and Done…

    Thanks mate.

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    November 15, 2004 - 11:54 pm

    does it matter that it is done now? and not at time of purchase?.

    are they usually expensive?

    Profile photo of waz11waz11
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    November 11, 2004 - 3:55 am

    Cheers Redwing…

    LPT’s ?

    Waz11

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    November 11, 2004 - 12:08 am

    hi,

    I have a few more quesitons:

    – can you borrow money to put into a commercial trust (ie: will a bank give you a secured loan against the units you have in the trust?)

    – I have read of average returns being anywhere from 8% – 15% per year. Is there anything else that needs to be payed into the trust? IE: any group bills or anything – any other hidden costs?

    – if there are no other costs that are involved then you basically are making a percentage return based on how much you are paying on interest for the loan to buy into the trust ( assuming you can get a loan for this) ie: interest on loan = 7% return = 12% – therefore actually profit = 12%-7% = 5%. does this seem corerct ?

    any help would be appreciated..

    Waz11

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    November 7, 2004 - 11:46 am

    Hi,

    Thanks Steve. Your answers were exactly what I was after. The type I was interested in seems to be the ones that are listed on the ASX.

    I will follow your link and try to research what I can from what you have given me.

    Really couldnt have asked for more information at this stage so thanks again.

    Cheers,

    Waz11

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    October 29, 2004 - 3:05 am

    **PropertyGuRu**,

    Really appreciate your help here. Is it usually an expensive excercise for a bank to change you from P&I to IO ?

    Waz11

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    October 29, 2004 - 2:01 am

    So basically if i work out the tax bracket i am in then I work out how much tax i paid on the interest of my loan i can then work out how much i would save on it…

    plus then i would have to work out estimations for depreciation … would there be anything else i would need to consider calculate?

    Waz11

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    October 29, 2004 - 1:08 am

    PropertyGuRu,

    Im not too worried about the CGT – i realise that if i make it an investment property then i will have to pay this at the time of selling. I am more concerened with my cashflow at the moment..

    would it be consider very wise to do it the way i mentioned (would i receivesave quite a lot) or would i only be saving myself a small amount?

    Waz11

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    May 21, 2004 - 1:57 am

    Hey,

    I agree with Lizzy. Memory techniques really open your mind to be able to remember endless amounts of information. When practicing these techniques I used to be able to remember 100 inanimate objects by number, forwards, backwards, in and out of order in under 2 minutes! These techniques become so helpful when studying.

    Also look at mind mapping which can become quite useful.

    Isnt it funny how you have to spend so many years leanring but you are never really taught how….

    Waz11

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    May 9, 2004 - 4:41 am

    Thanks for the responses guys.

    I actually made a mistake though, its not 30 minutes away its 30kms.

    i will check with other RE about the rental possibilities for the area etc.

    The total land size would be about 2000m2, ie 1000 per property.

    Who would I contact about zoning etc?

    Thanks,

    Waz11

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    May 8, 2004 - 11:32 am

    I appreciate the advice. The main reason I was asking the question is to see whether most people would see 2 houses next to eachother at a cheap price was possibly a good idea because of possible future redevelopment etc. I appreciate the advice about the need to investigate further into the areas of zoning etc. That is definetly something i will have to look into.

    There aren’t tenantes waiting to get in, however it seems that the area has a pretty high need for people renting so i dont think it would take too long to fill the places.

    Thanks guys,

    Waz11

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    May 4, 2004 - 12:34 am

    hi,

    I am talking about council rates and water etc. I am mainly interested in houses, so no body corporate fees would come into effect.

    I just cant see how people can buy thexe little places and still make a profit because from what I have seen the council/water rates seem to be almost similar to the more expensive places that would bring in a bit more rent.

    I am really sorry if I have confused anyone [confused2]

    Maybe someone could put some figures down for me? say on a 80k property, 7% interest etc..

    Thanks,

    Waz11

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