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Type: Posts; User: AMR

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  1. Replies
    29
    Views
    1,436

    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.
  2. Replies
    41
    Views
    1,676

    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.
  3. Replies
    33
    Views
    1,418

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

    Yes, it looks good, sympathetic colours and a good size.
  4. Replies
    12
    Views
    706

    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)...
  5. 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...
  6. Thread: Where is Damap?

    by AMR
    Replies
    89
    Views
    7,058

    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 :)
  7. Thread: Where is Damap?

    by AMR
    Replies
    89
    Views
    7,058

    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...
  8. Replies
    20
    Views
    1,384

    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.
  9. Replies
    35
    Views
    4,141

    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?
  10. Replies
    45
    Views
    2,202

    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...
  11. 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...
  12. Replies
    566
    Views
    58,895

    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.
  13. Just outsource the renovations? It will...

    Just outsource the renovations? It will definitely speed things up a lot.
  14. Replies
    16
    Views
    43,892

    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...
  15. Replies
    14
    Views
    919

    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...
  16. Replies
    14
    Views
    919

    It is outrageously expensive if it's just...

    It is outrageously expensive if it's just provision of insurance cert. They should have a copy on hand and it would take less than 5 minutes to send through?
  17. Replies
    14
    Views
    919

    As seller - sounds ok as there are two...

    As seller - sounds ok as there are two certificates (section 36 from memory?) that you'll need to provide the buyer with under the unit titles act?
  18. Thread: I give up

    by AMR
    Replies
    107
    Views
    8,589

    Edison - are you able to give us an example of...

    Edison - are you able to give us an example of the type of properties you are offering?
  19. Why not just be upfront with them? The new...

    Why not just be upfront with them? The new landlord is likely to increase rents / ask for vacant possession anyway. Some warning would be better than none.
  20. Replies
    22
    Views
    1,638

    There's a practice note if you are in Auckland: ...

    There's a practice note if you are in Auckland:
    ...
  21. Replies
    23
    Views
    1,831

    Where is this? Anything over 7% in the current...

    Where is this? Anything over 7% in the current market is amazing! I've just gotten my home and income valued and the valuer was using a cap rate of 6.5%.

    Ben agree with everyone else here. The...
  22. That would value the property at around $7,000...

    That would value the property at around $7,000 per sqm.

    What sort of net yield would the buyer be picking it up for?

    Agree with the others, my inclination in your position would be to counter...
  23. Hi Starcrafty, To answer your questions: ...

    Hi Starcrafty,

    To answer your questions:

    Question 1 - Your analysis is correct and indicates that the yield is low and you've already run a number of sensitivity tests confirming this. So the...
  24. Replies
    26
    Views
    1,938

    Hi Damap, have we met in person before?

    Hi Damap, have we met in person before?
  25. Replies
    19
    Views
    1,903

    It would be the disputes tribunal rather than the...

    It would be the disputes tribunal rather than the tenancy tribunal. Keep times and dates of disturbances, take photos of your noise meter, correspondence between you and the LL, etc.
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