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Type: Posts; User: AMR

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  1. Likely to be non-load bearing but worth getting...

    Likely to be non-load bearing but worth getting someone in to check. If it's not load bearing, then it might be an exempt work.
  2. Replies
    3
    Views
    723

    The minor dwelling still has to be 60 sqm, so if...

    The minor dwelling still has to be 60 sqm, so if you go two storey, you'd need to take a lot of space out for the staircase and extra hallways, at the expense possibly of one of the bedrooms. I've...
  3. Replies
    18
    Views
    1,618

    Ogg - progress the subdivision NOW as you will...

    Ogg - progress the subdivision NOW as you will likely lose value when the unitary plan comes in and your house remains single zone. You probably have 3-5 years to do so.

    The other alternative is...
  4. Check the Auckland plan as I believe minor...

    Check the Auckland plan as I believe minor dwellings are not permitted. You might have to go down the full subdivision path and say, do one section of 400 sqm and the other at 320 sqm. Can be done,...
  5. Thread: Advice

    by AMR
    Replies
    14
    Views
    1,231

    Is this in Auckland? I'm surprised you say it...

    Is this in Auckland? I'm surprised you say it hasn't grown for two years. Which suburb?
  6. Replies
    6
    Views
    925

    What is your strategy? Buy and hold or trade for...

    What is your strategy? Buy and hold or trade for these? Will you be undertaking the repairs yourself or relying on the body corporate?
  7. Replies
    5
    Views
    443

    Not as simple as simply reconnecting the kitchen....

    Not as simple as simply reconnecting the kitchen. Would also need to look at things like services, parking, yards, etc.
  8. It's a cross-lease needing renovation in one of...

    It's a cross-lease needing renovation in one of the poorer streets in the area, with no subdivision potential and minimal land.

    IMO definitely went for more than fair value.
  9. I offered $30 per week for my minor dwelling but...

    I offered $30 per week for my minor dwelling but before I could say this to my tenant, he went ahead and told me he didn't mind. Probably has something to do with the below market rent on the...
  10. Replies
    0
    Views
    285

    Insurance for multi-incomes

    Hi all,

    I've almost finished building a minor dwelling and will be needing to get insurance for it soon.

    In terms of pricing for home and incomes, would insurance companies be insuring it as...
  11. Replies
    46
    Views
    3,797

    I would suggest cropping out the letterbox...

    I would suggest cropping out the letterbox numbers as well as a minimum to prevent thieves from using your page to target properties.
  12. Replies
    46
    Views
    3,797

    Don't you need permission from the owners to sell...

    Don't you need permission from the owners to sell their house for them?
  13. Replies
    14
    Views
    1,239

    There's a good* part of Otara and a bad part of...

    There's a good* part of Otara and a bad part of Otara (*relatively speaking).

    The good parts of Otara have had very good price rises in the last few years. These would be Franklyne Road /...
  14. Replies
    32
    Views
    1,939

    The District Plans for your region. I would think...

    The District Plans for your region. I would think with the carport, it wouldn't count as additional impervious area because the area underneath is already impervious.
  15. Replies
    13
    Views
    1,193

    The likes of Noel Leeming will install and remove...

    The likes of Noel Leeming will install and remove the old one too.
  16. Replies
    13
    Views
    1,193

    I was going through my taxes last year and found...

    I was going through my taxes last year and found that 3 of my second-hand stoves had failed just outside the warranty period. I wouldn't recommend going for a second hand unit, you'd save around $300...
  17. Replies
    65
    Views
    4,792

    Yes both in the Wattle Down / Manurewa border...

    Yes both in the Wattle Down / Manurewa border area. I rented them out last year at $390 and $400 per week for 3 bedrooms with carport and single garage respectively. Both are now looking pretty...
  18. Replies
    65
    Views
    4,792

    How many bedrooms BigDreamer?

    How many bedrooms BigDreamer?
  19. Replies
    65
    Views
    4,792

    I agree there is a bit of a rental boom going on...

    I agree there is a bit of a rental boom going on at the moment.

    Manurewa - Just before the LVR rules kicked in last September there were over 140 listings for rentals in Manurewa, good quality...
  20. Replies
    63
    Views
    4,954

    As a first investment, it sounds like it has...

    As a first investment, it sounds like it has absolutely destroyed your servicing.

    As a development site, it doesn't sound too bad. Rather than just looking at cosmetic renovations, have you...
  21. Replies
    68
    Views
    4,445

    Join the local PIA and educate yourself on...

    Join the local PIA and educate yourself on property investment. Always a great use of time in a flat / declining market.
  22. Replies
    68
    Views
    4,445

    Lamborghini, your weakness seems to be equity...

    Lamborghini, your weakness seems to be equity rather than cashflow. Moving to a 2 bedroom unit and might help you to save an extra $120 per week but won't help your equity situation (unless you...
  23. Replies
    42
    Views
    3,793

    South Auckland is pretty pricey at the moment....

    South Auckland is pretty pricey at the moment. You'd be lucky to get 6% yields for full sections (600 sqm+).
  24. Replies
    5
    Views
    708

    Shane are you now an agent? That's excellent...

    Shane are you now an agent? That's excellent work!

    TVJ - timber piles / new relocatables could be a cheaper option that concrete floor or building on site due to scaffolding. I know Keith Hay do...
  25. The $8k is mainly for the physical works and...

    The $8k is mainly for the physical works and project management fees.
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