Hi all,

Ausprop, your thoughts are the same as mine. I have spent this week, searching a particular area (in QLD) high and low for a property that perhaps the vendors want sold NOW…

This is an excellent time to pick up a bargain, because many vendors will be thinking that they have missed the boat, with solicitors etc all closing down for a…[Read more]

Hi Femaleage 20

Good advice Jo, we have remained working, as it is easier to get finance if you have a strong financial backing.

HOWEVER, I would strongly suggest that you get your hands on Steve McKnight’s “Tales from the Trenches” which is a set of 4 recorded tape interviews with some of Steve’s investor friends. I’m not sure if it is still…[Read more]

Hi Junkers,

Excellent words… Thanks.

Congratulations on taking the ACTION.
You have certainly got your money’s worth out of Steve’s seminar. I wish you well.

Sounds like you have what it takes, instead of complaining and saying that “it can’t be done”…

YOU ARE TOO BUSY ‘DOING IT’ [biggrin]

Well done, and THANKS again for your “spot on”…[Read more]

Well said Keira and Aussierogue, [biggrin]

Markpatric, do you still think that the world is flat, just because you haven’t found the corners yet? [blink] Sometimes you just have to accept things for what they are.

I give no real merit to shows like TT and ACA, they are very one sided, HOWEVER, the MAP program did what it said it would. END OF…[Read more]

Duritz,

I don’t really know where you have come to the conclusion that TT implied and suggested that Steve took a bunch of “near Bankrupts” and those just “treading water” for the MAP program. I certainly didn’t get that from seeing the show.

Actually everyone was from different and diverse walks of life, all with very different assets and…[Read more]

Luke,

The 11 second solution was something that Steve & Dave used as a guide to purchase lots of property from about 1999 to the “BOOM”….

There has been the biggest boom in Australian Real Estate history in the last few couple of years, and although it IS still possible to find properties that meet that rule in smaller towns, Newcastle is…[Read more]

Hi,

Mortgage Adviser – you are exactly right… A lot of his deals were “no money down” deals, where perhaps the vendor left cash in the deal.

Some were subdivisions, with long settlement dates. etc..etc.. It’s not hard, “perhaps” all you need is a lot of GUTS and DETERMINATION and that Mapper had lots of both.

Duritz, get some education,…[Read more]

Hi Nobleone,

http://www.propertyinvesting.com/mappers

This will bring up a page on all the Mappers.

Scroll down until you find John & Rhonda’s picture and stuff, and you will find their email and website…

Good luck,

Del

Not me Richmond,

Personally, I hate shopping, especially Christmas shopping!

Bah humbug!!

Del

Hi,

Personally I would NEVER turn a 3br house into a 2br house. I feel it would de-value the house.

Maybe next time rent it to someone you don’t know, then it doesn’t matter so much…

Good luck,

Del

YES DEFINITELY – You are very fortunate to be living in the land of plenty (plenty of cashflow positive properties)…[biggrin]

Many forumites travel to NZ on a regular basis to buy cashflow positive property. You are surrounded by it.

I strongly recommend it if you are considering investing in NZ….

Cheers,

Del

Hi Karen,

If you’re not in too much of a hurry, there is a FANTASTIC new CD about to be launched called “NZ Property To Go”. (should be avail by Xmas)..
STAY TUNED….[biggrin] hehe… It stars some of this forum’s respected NZ investors… Not giving any names away (just yet)!

I think it will answer lots of your questions….

In the…[Read more]

Hey Supafreak,

WOW! That’s impressive!
It’s amazing how making yourself accountable really works..

Best wishes,

Del [biggrin]

Hi,

Rents are definitely low compared to values at the moment. This was a HUGE boom that we have gone through.

What you are considering is speculation..
A lot of people will get burned speculating in this market.

I personally think that people can’t afford much of an increase in rents, so this (to me) means that house prices will continue to…[Read more]

Hi,

Unless you are definitely going to do a Wrap, the Wrap Kit would be a waste of money. Wrapping in this property market for a total beginner (if that’s what you are).. is a riskier way to make money.

The Property Masterclass would give you HEAPS and HEAPS of knowledge about a broad range of things, that you can use over and over. It will…[Read more]

Hi Acey,

That’s a good point…

I seem to remember in about Feb 2003, when we started investing, and lots of people told us that “the boom was over”, and “prices couldn’t possibly go any higher”, “prices will fall and you will lose your house” etc….. Well, as we all know the boom went on a lot longer (possibly partly thanks to Steve’s…[Read more]

Hi Twilight,

I have only just started using them on my recent ones, so I can’t judge too much as I haven’t claimed, but if you do a search on “insurance” you will probably find that the most popular company is CGU for landlords policy. Price wise, they definitely beat my previous company that I’d been using….

Good luck,

Del

Wow, that is big $$ losses…

Makes you wonder why anyone would consider buying for capital gain in this market?

To me, they are the real lemmings…

Del

Hi Tim,

People in NZ ALL seem to LOVE the ex-state weatherboard houses found all over NZ… They are built very sturdy, and have been maintained well by the Gov’t until the last few years… I own one of these, and in over 12 months, I have not needed to spend one cent on maintenance. (touchwood)

I also own a fibro one, but it’s in good…[Read more]

….Of course, I’d never intentionally break COPYRIGHT, [blush2] so if it’s OK with Steve, it’s OK with me…

Del