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Type: Posts; User: Bluekiwi
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I am getting into it at the moment, if I can make it work, then I will quit office job some time mid next year.
Did one in Sep and one in November, first one lost about 2k, second one made 50k pre...
Auckland property prices rise.......
Interest rates stay low....
Immigration surges to never before seen levels...
Property prices in Auckland rise more.
Okay that post is a bit old, early 2013.
I had not done any trading since 2010, but I wanted to make sure my accounts showed that I had officially stopped trading, I only did 2 anyway.
As I was...
Christchurch is flat apart from the new bumps of late, so nice large house very close to hospitals or tertiarty education works there, and wellington also.
But Auckland is so spread out and full...
Yeah I am on the same mailing list and binned it when I saw it was RBR.
I would ay that fixed term agreement is out the window done its dash wouldnt you.
And this agreement is up for renegotiation by the looks of it.
Just another option possibly.
Interesting, not the sort of answer I was expecting.
Sounds like you are not smart enough to work out how to buy your own home and have come here to take pot shots at investor's as you belive they are the root of all evil causing all your problems.
Another way to look at is, what is going to cost you, what is an acceptable return.
I had one house with same issue, so I increased rent $100 a week to cover extra people.
Was trying to get rid...
Jump up and down in the bathroom and see if you fall through is another test I use.
If its got eaves and built around 1960 to 1975 out of brick or wood thats probably good enough.
Have a look underneath and see if you can see rotten wood or water coming through.
If earth backed on...
I face north and then turn my head to the right.
Then I turn it to the left.
Jeremy is my bank manager as well.
He is brilliant, I can highly recomend him as well.
He is very fast at getting back to you and attending to issues.
ANZ are the worst bank by far in many respects.
I have had good dealings with:
ASB, Westpac, BNZ.
ASB is very good customer service wise.
Westpac is very good understanding commercial...
Finance 101 there is no "Reasonable" in Bank.
They will do it when they feel like it and not a moment sooner.
Whether that creates problems for you is irelevant.
I even heard of rule that...
I almost bought a house with same situation and I would have owned the offending property.
But a 25k retaining wall issue.
I had a good talk with both sides and chatted to retaining wall people...
Rule number one is use an Insurance Broker like ILG on the shore.
As Insurance companies will try and rip you off first chance they get, against the wording of their own policy.
Same but worse...
Hey I just love the new word "Ignorning" I have invented :)
If you are taking a longer term approach, say 30 years, and there is inflation - say 5% as an example.
Of course you can say that.
The mortgage stays the same.
But both the house value and the...
I found it by doing a google search "Matt Gilligan 101"
Mine is in the mail !!
Least with the book you dont have to listen to him burble on :)
Start at top - the MD of the company - and work your way down.
In the end it wont be a legal decision it will be how much noise and how big a pain you are.
If you are only going to be out of...
Looked like CGT was going to be excellent for property trading.
Taking your tax from 33% to 15% looks brilliant :)
By the way Davo I think you are turning out more right about interest rates than I was.
Unless we see major leaps.