Sorry i forgot to put in the score nZ 54 to the convicts 45.

regards westan

Hi Yack

in case you don’t believe it some people have been extremely sucessful investing in cash positive properties. i know in my experience the best deals aren’t always the ones in my own neighbourhood- there a big wide world out there. There are many ways to make property investing successful and i know the way i do it isn’t the only way.…[Read more]

Yes Muppett you are once again correct.

It’s funny how you bring women into the discussion when we are talking about the way my team, Richmond, is playing (yes like womenno insult ment to ladies), They could certainly learn something from the scrubbers , i mean the silver ferns. For those who don’t know the NZ netball team is playing the Oz…[Read more]

yes guys

some good thoughts here.

Balmey, i never thought he was as tough a couch as a player. cetainly a legand none the less. after couching melb through those bad years, (still remember some of those facial expressions), doubt whether he’d want the job.

we need someone who knows how to win premierships. All those mentioned do.

westan

Well don’t let them hear that you have any free time on saturday arvo, they might come looking for you.[biggrin]. i’d better take this discussion on our beloved team to the forum fun.

westan

Well done Richmond

Whose going to be our coach for next year ??? What do you do Saturday arvo’s ?

Great to here some stories , lets hear some more.

regards westan

Muppet do you have a phone number for the Happiness institute ?

Just 3 days to go for you then you (Muppet)can be happy again (He’s on Holidays).

Perhaps we are missing a great business idea here ?
How about the “really happy institute” it wouldhave to be worth $300 per hour.
Or perhaps the “get serious Institute” for people who are way too…[Read more]

Wow Mel

that was very nice of you to do all that reaearch to answer the question. Keep up the great work, you know we all appreciate you.

regards westan

Hi all
setmefree to answer your question, yes i did do some stup work but not the whole house. Can’t really tell you how much it costs over here. but if you ever ask for a quote ask to get it repiled, yes repiled not restumped. They laugh at you if you call them stumps over here, i just tell them piles are a medical condition in oz.

bye westan

Hi Gocats

good to hear that all is well with your IP., good comments about rental in Invercargill with the onset of winter anyone buying there must ensure your home is well heated or it may sit vacant. Hopefully the next intake of students in July will taker up some of the slack in the 2brm market. One of our clients emailed me some info about a…[Read more]

Hi Yorker

i really don’t know anything about Vanuatu, except in the past a lot of shams have come out of there, be extra careful before you part with any money – you may never see it again.

regards westan

Hi Guys

Yack, from time to time people come to this forum and cause a little annoyance, they usually depart an find someone else to upset, hope to see you back here soon

regards westan

Hi Rugbyfan

go easy on Muppet it takes him a long time to read through the posts and i’m sure by the time he got to the end of the thread he had forgot your original post.[biggrin]

Sorry Muppet (he is actually a friend of mine)

regards westan

Hi guys

If you still have debt on your own home the best thing is to pay it down first as interest isn’t tax deductable on your own home. (what terry was saying)

The way i look at is if i pay off the principal then in effect i’m getting a 7% (or whatever interest rate the loan is) return on my money, if i think i can do better than 7% then i’d…[Read more]

Hi all

thanks Yack and Del for your contributions. Suireley the three of us aren’t the only ones who are making some money ???

please feel free to add your own story its interesting and encouraging to others,

regards westan

Good question nathan and thanks for the comments guys
i remember i used to have this discussion with a friend and he used to warn me that the banks would do this to me if my properties dropped in value, i said i’d never heard of them doing it, and didn’t think it would ever happen.
Nice to hear your experience and thoughts

regards westan

I’m with you Kay, i wouldn’t be wanting to be highly geared in such an uncertain market. If it was 1999 then go for it but its now 2004 and the market has run its race. Remember with leverage you can be in big trouble should the market drop 10%. Ouch, that will realy hurt in fact it could send people broke if they too highly geared, and suddenly…[Read more]

Hi PG

LOL [biggrin][laughing]

i was sitting with my wife, brother and his wife last night and she said “Good as Gold”, we all cracked up laughing, when i say it, it’s time to come home.

i’m going to start saying “good as Silver” to see how they react.

regards westan

Hi guys

i think if you can buy properties that are really 15% below market value why aren’t they buying them themselves and just putting them back on the market ???? I know in NZ there is a company that markets itslef as finding properties 15%-20% below market, all they do is obtain overinflated valuation.

I’m with Myydral too good to be…[Read more]

Hi John

there is a site called http://www.propertytalk.co.nz which is a NZ version of this place (but with more info- oops dare i say it).

check it out, Muppet is a fantastic contact regarding the north Island. Very modest but he’s owned IP’s in NZ longer than the rest of us and lives in the north island.

Feel free to pm me if you have specific…[Read more]