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Type: Posts; User: AMR

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  1. Redevelopment purposes and proximity to where I...

    Redevelopment purposes and proximity to where I live. It's about 5 minutes drive off-peak for me. If I had any in Central I'd get them managed.
  2. Replies
    19
    Views
    664

    There's a few other options to look at as well. ...

    There's a few other options to look at as well.

    Option 3: Build a minor dwelling, extend later and then subdivide out (or have a separate sleepout with no internal access now, but open a doorway...
  3. Thanks for your help Keys.

    Thanks for your help Keys.
  4. Terminating old tenancy and replacing with a new one (same tenants)

    Hi all,

    I am considering bringing my property management back in house and need to make a few changes to the TA to cover the following changes:


    Transfer the agreement from my PM company's...
  5. Replies
    10
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    393

    It's all to do with the length of distance a...

    It's all to do with the length of distance a resident has to travel if there is a fire. Google "Compliance Documents" or "Exit Routes". If you want to go building consent way you may need a fire...
  6. ICBC 12 month fixed is 4.85%. Similar to BNZ?

    ICBC 12 month fixed is 4.85%. Similar to BNZ?
  7. The Barfoot auctions in Manukau have always been...

    The Barfoot auctions in Manukau have always been filled with Asian-looking investors.

    South has gone completely crazy alright, as an example there is one property in an average street in Manurewa...
  8. Replies
    91
    Views
    4,498

    Wow in that case, go do it! It looks like it will...

    Wow in that case, go do it! It looks like it will generate significant positive cashflow.
  9. Replies
    91
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    4,498

    They sound expensive for second hand relocatable...

    They sound expensive for second hand relocatable homes. What's the cost of a new build?
  10. Thread: Azimuth's Journey

    by AMR
    Replies
    29
    Views
    1,873

    Subdividing now would create a heap of additional...

    Subdividing now would create a heap of additional equity that you can refinance against which will come in handy if you look at buying back into Auckland at 30% deposit. I know you've mentioned...
  11. Replies
    30
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    1,906

    I work out incremental yield of 8.7% taking $500...

    I work out incremental yield of 8.7% taking $500 as rent. Yes you should do it. Your debt to income looks very conservative actually.
  12. Replies
    41
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    2,311

    Poll: One in Balmoral I had been to was 'single women...

    One in Balmoral I had been to was 'single women only'. Freehold land, but something the original owners had put into the title and the bodycorp was active in enforcing this.
  13. Replies
    33
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    1,615

    Yes, it looks good, sympathetic colours and a...

    Yes, it looks good, sympathetic colours and a good size.
  14. Replies
    12
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    936

    Are you permitted to rent out separately? ...

    Are you permitted to rent out separately?

    Sounds like a horrible and headache inducing property with potential issues around the legality of renting separately. Why not just sell it (after reclad)...
  15. Sounds like they had a good cashflow base to...

    Sounds like they had a good cashflow base to begin with, with a business, a minor dwelling and a first purchase at 7% yield.

    Now it's time to ask them for a favour to help you with a part time...
  16. Thread: Where is Damap?

    by AMR
    Replies
    89
    Views
    7,770

    Haha, one of my colleagues lived in Mt Wgtn and I...

    Haha, one of my colleagues lived in Mt Wgtn and I was blamed for buying all these Mt Wellington units and pushing up the prices :P I insisted it wasn't me but she wasn't having a bar of it :)
  17. Thread: Where is Damap?

    by AMR
    Replies
    89
    Views
    7,770

    I used to be a lot more open about my property...

    I used to be a lot more open about my property investing and developing, until one of my friends at a previous workplace told the HR lady and from then on there would be questions whenever I took...
  18. Replies
    20
    Views
    1,492

    Can you find a perfect house in Auckland for...

    Can you find a perfect house in Auckland for $350k? It could get you a unit in Manurewa all done up, but that's about it.
  19. Replies
    35
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    4,404

    Just took a look at the comparable sales and I...

    Just took a look at the comparable sales and I would have picked Mid $600s. There was a house nearby on a full section that went for less than this.

    Did you get a glance at the buyers?
  20. Replies
    52
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    2,943

    Rented out a 2 bedroom in Manurewa for $380 per...

    Rented out a 2 bedroom in Manurewa for $380 per week. Initially I was thinking of $370, my property manager suggested $380 per week and luckily she did as we got swamped with queries. There's still a...
  21. I agree Gary, probably talk to a mortgage broker...

    I agree Gary, probably talk to a mortgage broker with a number of grey hairs and broad experience with a number of different banks to see how they'll act. The banks were playing nicely last recession...
  22. Replies
    683
    Views
    66,040

    Maybe it's time to do another update Gary! A...

    Maybe it's time to do another update Gary! A year and a half in the boom is a long time.
  23. Just outsource the renovations? It will...

    Just outsource the renovations? It will definitely speed things up a lot.
  24. Replies
    16
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    44,045

    I was recently in the market (as a tenant)...

    I was recently in the market (as a tenant) looking at places near Manukau to live in. Looked at apartments near Manukau but ended up opting for a single level unit in Papatoetoe which was much larger...
  25. Replies
    14
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    1,056

    Yes there are cases for crosslease, but it's not...

    Yes there are cases for crosslease, but it's not done under the UTA, more of a voluntary thing the owners in the past have decided to set up. I had one crosslease where the previous owners had set up...
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