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Type: Posts; User: Tan

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  1. Replies
    8
    Views
    1,323

    Unfortunately there is no such thing as 'kicking...

    Unfortunately there is no such thing as 'kicking the tenants out'. They are very savvy knowing their rights and you are the rich landlord, they are the poor tenant. This is despite their TV and car...
  2. Thread: Properties owned:

    by Tan
    Replies
    4
    Views
    3,690

    I am glad I was so ignorant or I would have never...

    I am glad I was so ignorant or I would have never bought the first one! There is a saying about people who have paralysis, can't remember it, but now I have more to loose it just gets worse.
    I...
  3. As I have said before, you can't use Australia as...

    As I have said before, you can't use Australia as a whole in this type of thing. Each state has it's own economic clock. Sydney is about as different to Perth as you can get.
  4. Replies
    31
    Views
    2,897

    I think that only applies if they are in a trust....

    I think that only applies if they are in a trust. I really suggest a lawyer and/or accountant to get a great structure sorted before thinking any more about it.
  5. My take on shares - I was lucky enough to invest...

    My take on shares - I was lucky enough to invest in Australian shares - through a friend who was a broker who chose them for me. After the GFC I made enough money to put into my property which...
  6. Replies
    13
    Views
    1,965

    I agree with Drelly. Lawns and gardens are...

    I agree with Drelly. Lawns and gardens are difficult in a lot of tenancies. Concentrate your efforts on making sure the house itself stays in good condition.
  7. Actually it's not just Hamilton - I think...

    Actually it's not just Hamilton - I think Auckland is probably the only place feeling decent capital gains!
    The HNZ lease may have reduced the value.

    Sorry, no other advice, if the cashflow is...
  8. Replies
    5
    Views
    2,279

    I love Rosco's reply, my thoughts exactly. ...

    I love Rosco's reply, my thoughts exactly.

    Remember that long term ideas can quickly become short term in today's world.
  9. Replies
    31
    Views
    2,736

    You could move to Western Australia where water...

    You could move to Western Australia where water is treated like power. As a consumable, this makes sense.

    Hopefully this idea crosses the ditch sooner rather than later.
  10. You will need to speak to the Council and see...

    You will need to speak to the Council and see what the likelihood of the stream flooding is, and also judge it's curve and where it would go in that situation. I would love a stream, but a safe one!...
  11. Replies
    5
    Views
    952

    It depends how thick the wood is, some can be...

    It depends how thick the wood is, some can be sanded minimally, and others to your heats content. Try googling the brand name if possible.
  12. Replies
    13
    Views
    2,550

    I like using this put into excel with formulas,...

    I like using this put into excel with formulas, as if it all goes wrong you just turn up at the tribunal with it, no further work required.
  13. Replies
    18
    Views
    1,559

    How about letting us know what area you are...

    How about letting us know what area you are investing in and the recommendations will flow....
  14. Replies
    18
    Views
    1,559

    When you are doing up a place, bear in mind it...

    When you are doing up a place, bear in mind it needs to be hardy, but still nice and liveable. Are you investing the the right area to suit your expectations?

    Sometimes it all goes wrong for no...
  15. Replies
    47
    Views
    4,937

    My first thought on reading this. I can't be the...

    My first thought on reading this. I can't be the only one with negative to zero capital gain for years!
  16. Replies
    21
    Views
    2,323

    When I lived in Wellington we always looked up to...

    When I lived in Wellington we always looked up to what would fall on us during an earthquake rather than worried about our own place. Good advice.
  17. It stops you being poor in the second half of...

    It stops you being poor in the second half of your life if you invest in the first half.
  18. Replies
    33
    Views
    3,583

    Good on you for having photos. Over here in WA...

    Good on you for having photos.
    Over here in WA our ingoing property condition reports take us about 8 hours to do and generally have up to 40 pages of words and 500-800 photos. This works as...
  19. Replies
    5
    Views
    1,312

    Smaller tenants want gross leases more than...

    Smaller tenants want gross leases more than larger ones so they can plan their payments. Add up the annual expenses, add a small percentage and charge/refund the difference at the end of the year....
  20. Replies
    11
    Views
    13,589

    Prices are dropping like a stone here. A house...

    Prices are dropping like a stone here. A house that rented for over $2000 per week is now renting for around $1400 and it's dropping weekly. Unfortunately the cheapest rent is still $450-500 so my...
  21. Replies
    4
    Views
    903

    Just add him to the TA. What is the big deal...

    Just add him to the TA. What is the big deal with writing a new one?
  22. Thread: Start up Advice

    by Tan
    Replies
    8
    Views
    1,593

    Keep it simple unless you have a good reason not...

    Keep it simple unless you have a good reason not to.
  23. Replies
    3
    Views
    900

    If you have no attachment to the house and want...

    If you have no attachment to the house and want long term, it could be a good option. Never do a drive by.
  24. Thread: Terrible ideas

    by Tan
    Replies
    35
    Views
    5,275

    I bought a cross lease house, not realising my...

    I bought a cross lease house, not realising my future boss used to own it and had done the cross lease agreement himself to favour the other house which he sold last.
    It was only when I started...
  25. Replies
    5
    Views
    1,477

    Depends on your council rules, it varies in each...

    Depends on your council rules, it varies in each area. Rules have also generally tightened over time, but you never know. Good luck, it's a great idea when it is possible.
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