Forum Replies Created
Mini,
You’re awesome, and I take my hat off to you…That was a classic Mini post. [biggrin]
BTW – We put an offer in on a place in QLD yesterday (population of 50,000). Using some profits from a few of our 110% capital growth NZ purchases last year, has given us the momentum to purchase what some would class as “a real property” in QLD [biggrin]…
It will still be positive cashflow – of course, but maybe not the 25% yields that I was used to on some of my NZ ones…[blush2]
I really enjoyed hanging out with you recently also and I learned lots from you too…
Like Steve says “SUCCESS COMES FROM DOING THINGS DIFFERENTLY” – THIS IS SO TRUE!
Cheers,
Del
….Of course, I’d never intentionally break COPYRIGHT, [blush2] so if it’s OK with Steve, it’s OK with me…
Del
Hi Ziz,
Yes, it is a very inspiring tape…from “TALES FROM THE TRENCHES”
She has done extremely well for herself with property, for someone who left school very early..
If I were you I’d send an email to admin, and see if they can send you a copy, otherwise let me know and I will try to copy it for you – that is if I haven’t leant the tape to someone also!
Regards,
Del
Hi Yack,
We have stopped buying longterm “buy and hold” cashflow properties due to the changed market. We have begun to sell a few to take advantange of capital gains and to lower our LVR.
We will still buy a property if it is a “problem”, that can be turned into a “solution” and make some money doing it. i.e. subdivisional property, or reno etc..
Yes you are right in a lot of what you are saying about people jumping in for the first time buying in this market. You should only do it, if you REALLY have done your homework on prices. Now is not the time to be paying “above market” prices for any type of property (cashflow or capital gain type)
Regards,
Del
Hi Leila,
We were in your boat a year or two ago, not knowing which broker to turn to… For us it was a frustrating battle, but in the end it worked out !!!
I can say without reservation that Stuart Weymss at Prosolution is a very professional broker, (and Chartered Accountant) and he is also a nice guy… He has saved our bacon a couple of times…
He is based in Melbourne. He was also a finalist in “Mortgage Broker of the Year” last year….[biggrin] He also helps out many on this forum…
Regards,
Del
Hi Waysolid,
I received this piece of junk mail also….
I wasn’t impressed by it, but do you know that you have now passed it on to lots more people!
Del [biggrin]
Hi,
Yes I have it, however I have never even opened it!!
I believe it is great, but perhaps suited to QLD investing as it is written by a QLD solicitor.
If you are interested in buying a brand new “second hand” copy pls PM me.
Regards,
Del
Hi Foston,
Yes, I have this problem too…. Never used to until a month or so ago.
It is really annoying not knowing how to fix it.
Del [confused2]
Hi,
Our accountant is:
Speak to Phil Mulvey at Invercargill.
Have a good trip,
Regards,Del
Hi Muppet,
Thanks for the info…
That is great news for the town…
Hopefully it WILL happen, and the town will “ROCK” again! [biggrin]
Tok’ deserves a break like this…
Regards,
Del
Hi Richo,
How’s all of those QLD properties going??
Wish I had of got in there when u did….[biggrin]
Cheers,
Del
Hello all,
I have tried to keep out of this “discussion”, but I am stepping in to “try” to make peace and hopefully put this post to rest.[blush2]
Monopoly – I have always respected YOU and your posts. Over the last few months, you have undoubtedly helped many, many, many forumites, new and otherwise. You have heaps of knowledge and experience which I’m sure everyone will agree.
Of late, I have noticed a different “tone” to many of your recent posts, and although you call it “constructive critism”, I fail to to see where (for example)… accusation that forum stats are “being diddled“ etc etc can be called constructive…
Perhaps another approach would have been to say, “I have noticed that the forum stats may be incorrect, and may need checking by the IT team”. That would have had a much different response.
That’s all I want to add apart from lets all just get over it, tomorrow is another day…..[biggrin]
Monopoly, you are VERY respected here…. Do what you do best – help others!!
may I end with my philosphy on posting ( (which I try to stick to)…
If I haven’t got anything to add to a post to “help someone” then I “try not to post anything that people will attack you back with.
LIFE IS TOO SHORT FOR FIGHTING….
[biggrin][biggrin][biggrin]
Regards,Del
Hi Geo,
From my memory, there were 21 people in all who started, so I would say that 8 couples and 5 singles is correct…
Del
Hi Joseph,
The $1mil is sale contract prices of property…
Regards,
Del
Hi Ali,
All I can add is, if you haven’t already, go and read Steve’s 2nd book…
It tells the up’s and down’s of a bunch of ordinary people from ordinary lives who went out and DID it!
Follow your dreams, and believe in yourself…
Don’t listen to anyone who is negative. Don’t talk too much about property to your friends if they don’t understand… Find yourself a mentor, or a particular person who will keep you accountable to your goals. This is the difference between success and SUCCESS!Good luck,
Del [biggrin]
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
Hi Jo,
Steve tells the story about how he (and Dave) lived off an allowance of about $100pw, as their wives were working, whilst they built up their business.
However, I can say that Steve is still not a materialistic person, and doesn’t get off on buying heaps of new clothes etc… to “make his image”..
<edited>
– Del
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
Hi all,
You cannot compare Auckland prices to regional NZ prices….
I have lived in Auckland for 2 years (a few yrs ago) [blush2] and it is not similar to any other markets in NZ.
It is like comparing areas like Toorak to Horsham (VIC). Worlds apart!![biggrin]
The regional market is TOTALLY different to the Auckland market, and should never be compared.
Perhaps you could do a comparison of Auckland to Sydney or Melbourne, but not to regional areas…
There are still a lot of good deals around for quite a while I believe – as Westan wisely said, for the “long term” investor.
Also, I don’t think that the fixed interest rates are moving too high… That tells you something.
Bye,
Del
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
Hi Seraphin,
Welcome to the forum..
There certainly is a great search site..
It is:
There are still some great deals to be found in NZ compared to Australia.
All the best,
Del
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
Hi pgrim,
I would strongly suggest that you use a NZ Bank. I wouldn’t do it with an Australian because of currency complications and problems with always bringing money back into Aust to pay the loan.
The few people that I have spoken to who have used Aust finance are regretting it now.
Good luck, it shouldn’t be too hard. There are a lot of brokers here who can arrange NZ finance.
Regards,
Del
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
Hi Skippygirl,
Yes you are right about tonight…
It was last night at Albert Park, and tonight at the Hyatt…
Will – the other half of Wilandel will be there tonight without me – boo hoo…[confused2]
Mini,
thankyou ….[blush2]
I will look fwd to reading your book one day soon!Del
Passionate about NZ +ve cashflow property!!! We can source property for you for a fee. Send me your email address to join our database to receive great NZ property deals!!
