Hello Fish,

I can recommend our accountant who we have used for around 5 yrs…

His name is Paul Bright, he is a director of Armitage Downie. Paul is based at Warragul, but also operates from their Yarra Junction office!
He is into +ve cashflow property.

Tell him WILANDEL referred you….[thumbsupanim]

Bye,

Del

I’m off to NZ again, to…[Read more]

Hi Castledreamer & Muppet,

CD: glad to hear you seem to be enjoying your trip… How’s the weather?? Do I need to bring my woolies?

Weather is lovely here this week. Autumn in Victoria is a nice time of year.

Hope you are leaving me some good deals, I will be there in a week.

Perhaps I could catch up with Muppet. I seem to be the only…[Read more]

Hi Fish,

Do you have a loan on this land or is it fully paid off?

If you do have a loan, and you’ve already had a large gain in value then I’d definately SELL, and move on to a deal that is not using equity to fund it.

A 20% deposit is the only way I’d go in this RE climate…

Just my opinion,[exhappy]

Del

I’m off to NZ again, to search for…[Read more]

Hi Scremin,

We can understand what you are saying…[strum]

We also were in a rut until recently, as being self employed, and trying to get really focused in property, as well as keeping our 2 girls entertained was very difficult.

For entertainment on weekends we dragged them from town to town searching for positive cashflow deals. Not much…[Read more]

Hi Marianne,

They are out there, but not jumping out to bite you anymore!![blush2]

We found a pretty good commercial deal in Western Victoria a month or two ago, it’s not settled yet, but basically I’d suggest considering New Zealand.

There are still lots of deals there, although not as many as there were 6 months ago.

As Steve McKnight say’s…[Read more]

Hi Nobleone,

I have some properties in NZ including Tokoroa.

I would strongly suggest to you, that if you are serious about investing in NZ, that you take a week off and go and visit the place yourself.

I would never advise any friends to buy sight unseen over there, without at least knowing the town.

Investing in NZ as an offshore investor…[Read more]

Hey,

Bec broke the rules too many times, and so she is out! [strum]

But wasn’t it great that the AFL Tribunal dismissed the charge against Hawthorn’s SHANE CRAWFORD [inlove]..

Glad to see that the AFL aren’t as tuff as Steve..[party]

Del [thumbsupanim]

Hi Jaffasoft,

I won’t speak about other people on the MAP either, that is up to them to speak for themselves.

However, all I will add is that you don’t need much money to think creatively![party]

In fact, the less money that you actually have, the more creative ways you will find to do “no money down” type deals.

We are seeing some very gutsy…[Read more]

Hi all (again),[whistle]

Rugbyfan,

I knew my example would get someone’s scrutiny..

Anyway, I guess my answer to the “hypothetical example” would be –

I’d only sell in that example if the next deal was going to be bigger and better.

I feel like a politician!!

I did recently sell one IP that we had under a year which we paid $80k, rented at…[Read more]

Hi Kay,

Exit strategy – buy a place with a set goal of how long to hold it…

I will give an example – don’t stone me…[blush2]

I buy a house for $80K – just say it rents for $160pw – Not too bad return…
I might hold it until the value reaches $100K, then I sell it, and with the $20K profit and my initial funds in the deal, use that to buy 2…[Read more]

You’re right Kay,

It was not meant at you.. I actually missed reading yours – sorry..

I agree with your comments about controlled debt.

One thing the Map has taught us, is to always have an exit strategy when you are BUYING a property, and to continually try to keep your investments working hard for you. Don’t go for the buy and forget…[Read more]

Hi Leigh,

Congratulations, I guess we never managed to catch up before you went for that cuppa!!

Oh well, the door is always open when you realize that Melbourne is heaps better than Sydney![party]

Only joking, best wishes for the future.

Keep in touch,

Del & the crew xxxx

Hi,

As one of the “misguided”[grad] ??? MAP participants…

All I can add is that everyone on the MAP program has totally grown up as investors, and we look at making money from property from many different perspectives now. Not all have achieved the $1mil magic figure, but that doesn’t matter. The “JOURNEY” of the MAP is the GREAT thing…We…[Read more]

Hi Castledreamer,

I must say that I agree with you. I used to LOVE being a regular part of this forum, and highly respected the moderators for their words of wisdom.

I have not been here much of late, as I find I am not learning much here anymore. The petty disagreements back and forth are so needless. We are all here to learn and help others…[Read more]

AUSSIE AUSSIE AUSSIE – oi oi oi !!!

Well done,

Del []

Hi Yack,

I think the short answer is:

THOUSANDS!!

That’s why it’s so much harder for all of us now!

Del []

Hi Recovery Man,

Don’t know if this helps, but it might be a start…

http://www.taupo.govt.nz

Regards,

Del

Hi Dan,

Welcome to the forum!

I see you are from Alaska – a beautiful place.
I would love to get there one day.
Well done on the log home.[:o)]

Regards,
Del

Hi David & Lesleigh,

They also sold a few along the way!

When a property had appreciated in value, they would sell it, pay out their loan & with the profits from the capital gain, move on to buy two (or more) smaller properties again. And so on, and so on! Basically, sell one, buy three!

Not a bad way to accumulate…[Read more]

Hi Borgie,

There are lots of us forumites who buy property in NZ, as residents of Australia.

There are very complex laws for offshore investors, so I suggest that you seek qualified legal or accounting advice on this.

There are ways around it, but you must do things correctly.

The person you are referring to on the Today Tonight program is a…[Read more]