Hi Melissa,

Yes, these properties still do exist, even in today’s market, however, NOW may not be the best time to buy your first investment property.[]

Personally, I would try to avoid getting too excited, and I’d sit back and get organized. I’d arrange my Accountant, Solicitor, Mortgage Broker (for pre-approval) etc, and then I’d save like…[Read more]

hi redwing,

I agree with you about this site compared to others.

We are lucky to have so many knowledgable people here who share their time and experiences with others, for free.

Thanks guys & gals,[]

Del

That is actually good!!

We are in the middle of shifting house this weekend. Having no forum will keep me from getting on the computer…(except I’m on now)[]??

Sorry, gotta go and finish unpacking. Where do you accumulate all that stuff????????

…Just had to do a test to see if the computer still worked….[] Thank goodness – it still…[Read more]

I’m with you Westan,

I’d always pay cash for a car.

Del []

Hi,

We also have bought a few in housing commission areas with no regrets. Our tenants are all happily paying on time every time, (so far).

As long as they are tidy inside & low maintenance, they will still attract a quality tenant.

Go for it,

Del

Hi Lawry,

If you use the search function, you should find heaps of stuff on NZ sites and towns.

Just be aware, as an offshore investor there are taxation issues.

Good luck,[]

Del

Hi Doug,

Yes, I saw them, I thought that they looked like a bunch of amateurs.

Anyone could probably have done what they have done with the property market being what it is…

I doubt if their success would be the same in the next 12 months.

I just don’t think that they are experienced enough to be taking on what they are offering. (they have…[Read more]

Hi Jay,

If you want accurate advice, I would ring your insurance company, or legal aid or a lawyer.

Your car I take it, is worth a fair bit of money, so asking a property investing forum may not be to your best advantage.

Sorry to hear about the damage. We have a farm and have suffered large losses this spring due to hail, wind & frost. It’s…[Read more]

Hi Jaffa,

There is a new upgrade due any week now on this site. It will have a lot of enhanced features, I’m not sure about the photos though…

It will speed things up a lot also, which will be great.

Regards,[]

Del

Hi Bear,

Well done, I’ll be at the Melbourne seminar. Hope to meet lots of forumites there.

Regards,

Del []

Sorry Fullout,

Ours in Traralgon is slack too! The agent is great but she lets the team down.[xx(]

Good luck,

Del

Hi Kelly,

Just make sure you research “structures” over there. Their tax laws are very different to ours, as you know. As an off shore investor, there are good and bad ways to set yourself up.

Good luck,[]

Del

Hi Pelican,

Well said, I reckon it’s time you did less lurking and more posting..[]

DinoWeb,
I believe Steve’s book is more of an introduction to a different way of investing. A chance for people to “open their mind” to a new concept of positive cashflow investing. If they choose to go down this investing path, then they should probably seek…[Read more]

Hi Fizman,

I’m sorry but I must have missed a bit lately..I don’t know what you are referring to about your situation..[]

My advice to anyone considering buying +ve cashflow ppty at the moment, (ESPECIALLY IF YOU ARE JUST GETTING YOUR HEADS ABOVE WATER AGAIN):

“There will be much better times to buy property when interest rates increase a bit.…[Read more]

Hi fullout,

I must say I haven’t for similar ones of ours.[]

Probably should have with two that we did small reno’s on though.

Haven’t helped much, have I?

Regards,

Del

Hi mikeej,

I would say they are about a bit of both.

I know that I definately would not have achieved what I have, without the motivation of the seminars that I’ve been to.

I have found them to be money well spent.

A lot of people get analysis paralasis, and can’t actually get off their backsides and buy something. They spend the year…[Read more]

Hi Porsche,

Annual rent divided by purchase price = gross yield.

eg.. $150pw x 52 = $7800
$7800 div by $70000 purchase price = 11.14% gross return.

Regards,

Del []

Hi Con,

Personally, I think it is risky now to be buying cashflow +ve ppty at 106% (or so) finance, no money down.

We are now “probably”?? at the end of a boom, and capital growth will probably be NIL or go backwards (a bit) over the next couple of years.

I definately would not do 106% finance interest only.

But that’s just me,[]

Good luck,…[Read more]

Hi Andrea,

50% deposit – ridicoulous!

As Westan suggested – try ANZ, they gave us pre approval, and we did everything my phone, email, fax & express post.

Thank goodness for technology.

Regards,

Del

Pinky,

We have just sold our PPOR which we bought only 12 months ago (and made a nice little profit on) to rent for a while and invest. We are getting rid of our LOC, and getting cashed up – ready for what ever happens.

I wouldn’t be spending big right now, although buying a HOME is an emotional issue, not a financial one.

If NOW is right for…[Read more]