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Type: Posts; User: Tan

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  1. Replies
    13
    Views
    602

    These were good houses in good locations with bad...

    These were good houses in good locations with bad street appeal mainly, one I can think of was an almost new house with weeds up around the windows and people (tenants) sleeping all over the place...
  2. Replies
    6
    Views
    306

    I had one done for insurance a while ago and...

    I had one done for insurance a while ago and couldn't get a quote as it depended if the old wires came out without breaking I recall. As it turned out it was under $2,000, closer to $1250? as they...
  3. Replies
    13
    Views
    602

    I found in NZ there are not many property...

    I found in NZ there are not many property managers. In Oz there are heaps. Karratha is approx the size of Te Puke which has I think single figures of PM's. Karratha has over 50. I have no idea...
  4. Replies
    13
    Views
    602

    I spent a year as a salesperson many years ago,...

    I spent a year as a salesperson many years ago, before I started investing in property. It opened my eyes to the bargains no-one wanted which were staring me in the face! I left that job due to the...
  5. Replies
    7
    Views
    362

    You don't have to do anything, but if you wanted...

    You don't have to do anything, but if you wanted to drop a load of metal to top it up & run weatherstrip around the windows & doors it may keep the tenants happy. They may even do the work if you...
  6. Replies
    5
    Views
    269

    This has happened several years ago to me. They...

    This has happened several years ago to me. They were dreadful to deal with and could not work out where the meter was etc. I recall we paid the bill off over time, maybe some was written off? ...
  7. Replies
    62
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    3,185

    Wellington is on a fault line, Auckland is on...

    Wellington is on a fault line, Auckland is on volcanoes.

    I suspect there is more concern about fault lines at the moment, but a larger factor has to be that the rest of the world is closer & more...
  8. Thread: Interest Rates

    by Tan
    Replies
    3,505
    Views
    407,126

    I have found since I have been in Oz but have an...

    I have found since I have been in Oz but have an NZ mortgage that NZ tends to follow Oz.

    At the moment the OCR here is still reducing despite Sydney booming. The rest of the country is not doing...
  9. Thread: Interest Rates

    by Tan
    Replies
    3,505
    Views
    407,126

    Remember to always ask for a discount.

    Remember to always ask for a discount.
  10. Replies
    11
    Views
    774

    I'd keep it very short so she doesn't have...

    I'd keep it very short so she doesn't have anything to grab onto, and bearing in mind he will be moving out just put them off.

    I'd text that you are continuing to look into the matter and are...
  11. Replies
    15
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    957

    I emailed my bank in NZ and asked for a discount...

    I emailed my bank in NZ and asked for a discount on their 5.8% 6 month deal about a month ago. They replied with 5.45%. Didn't even have to speak to them, no worries. If it was for longer I...
  12. http://www.nzherald.co.nz/nz/news/article.cfm?c_id...

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10886146

    http://propertyplusnorthland.co.nz/articles/entry/housing_nz_leases_whats_the_deal_with_frank_newman/
    ...
  13. Replies
    4
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    363

    There are plans on the Tauranga City website...

    There are plans on the Tauranga City website which will tell you what can be done where, but it is easier to call an agent such as Tony Doms at Prime Commercial who has been in town forever and knows...
  14. I suggest you find a good PM to take over while...

    I suggest you find a good PM to take over while it is going well. It is good to keep an eye on them.

    If the place is for sale, it might pay to use the same agency if possible. Makes the...
  15. Thread: equal outcomes?

    by Tan
    Replies
    30
    Views
    2,704

    We are lucky to live in countries where someone...

    We are lucky to live in countries where someone who is not born wealthy is able to have a good crack at becoming wealthy. I have been reading a lot of Australian Property Investor magazines while...
  16. Replies
    8
    Views
    1,560

    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...
  17. Thread: Properties owned:

    by Tan
    Replies
    6
    Views
    4,095

    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...
  18. 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.
  19. Replies
    31
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    3,381

    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.
  20. 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...
  21. Replies
    13
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    2,259

    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.
  22. 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...
  23. Replies
    5
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    2,560

    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.
  24. Replies
    31
    Views
    3,105

    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.
  25. 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!...
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