Forum Replies Created
The boat has never passed on ways to make serious money.
if you lost a gold ring, would you look in only 1 drawer to find it? no you would look everywhere.
There is still a lot of +ve geared property in NZ, and theres a lot of advantages in investing in NZ compared to Aus (search the forums)
Dont forget, the gold you seek doesnt have to come from investing in property either[
]NZ Property Investing News
http://www.Landlords.co.nzI Disagree,
Its an individuals decision to share their knowledge of a good area.
And its natural market forces if someone else beats you to purchase the said 10 properties.
And if anyone purchases properties based solely on a forum posting, then they may well deserve to get burnt by “false CG”.
Due dilligence is always required. the reason for you initially researching the area is irrelevant. a post here, your tea leaves telling you to, to a dream.
Dont forget, someone could post here if they have several properties in that area they are trying to get rid of [
]NZ Property Investing News
http://www.Landlords.co.nzi do a budget every pay day.
It has assets, liabilities, expenses etc.
Then i record my net worth each month.its an easy way to see how much you are saving over time. (shows savings history…)
Having just moved countries, Its quite amazing how expensive it is to get all set up again.
ONE TIP: (that i have now discovered)
work for an employer who provides perks in the job.
ie mobile phone, cable internet, company car etc.
When your only major expenses are rent, power, & food, its simple!$40 for play/fun money. wow! thats pretty impressive. I can see why youd be spending a lot of time online!
I aim to save 40% of my income. often its way more.
My Current budget is: (all percentages of income)
15.72 housing
1.97 mobile phone
1.57 morning coffee
3.93 work lunches
1.97 vehicle
5.90 groceries
0.69 power
1.47 insurance
0.43 home phone
14.74 pub/entertainment
8.84 shopping
4.91 dining outSure i could cut out the morning coffee, and reduce the entertainment $, but hey, im young single and like to party [
]I hadnt actually converted it to % until now, quite interesting really.
NZ Property Investing News
http://www.Landlords.co.nzis that just ‘normal’ insurance? ie covers building/chattels.
There is also landlord insurance avilable, so if the tenant does damage that the bond cant cover etc.
rentsure: http://www.mortgages.co.nz/htdocs/Insurance.htm
and some insurance brokers using circles insurance product: http://www.o.co.nz/public/landlord.htmPlug: theres a forum on my site too
NZ Property Investing News
http://www.Landlords.co.nzYes BUT [
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(ooh im picking up the aussie slang already)if the fish thats filling your quota, gets taxed by a shark when youre reeling it in.(stamp duty)
when you land it (land tax)
and then when you want to eat it for fullness gain (capital gains tax)
That initally fat fish doesnt look anywhere near plump enough compared to a country with none of those, and higher yields [
]Craig
NZ Property Investing News
http://www.Landlords.co.nz
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