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Type: Posts; User: Damap

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  1. Replies
    7
    Views
    547

    I have some property in Wellington and compared...

    I have some property in Wellington and compared with Auckland the capital growth has been and is predicted to be abysmal. So if growth is your thing go to Auckland and invest there.
  2. Replies
    74
    Views
    4,472

    To answer your question RAzzor it is easier to...

    To answer your question RAzzor it is easier to say what if anything would an investor do to those properties that the teams did.
    What you would NOT do usually is
    1. Rearrange and remove or add...
  3. Lots of PI's earn that much, vast majority don't...

    Lots of PI's earn that much, vast majority don't of course but plenty do. It's only 6 below average renos a year.
  4. I went with Healthaire because I met the owner...

    I went with Healthaire because I met the owner and he invented the system that all the companies now use. So his knowledge was without peer. And we are several years in on multiple installations and...
  5. First step is to get a friendly valuer. Get them...

    First step is to get a friendly valuer. Get them to appraise as is then give them a list of what you want to do and get their advice on the value increase. This way you learn what to do and not do....
  6. Having someone basically observing with a brrom...

    Having someone basically observing with a brrom in their hand is no drain and a good way for both parties to get some help. Obviously the benefit is heavily in favour of the newbie but they need not...
  7. Completely impossible question to answer as I am...

    Completely impossible question to answer as I am sure you are aware. Somewhere between 230K and 700K depending on where in South Auckland
  8. If you are a belt and braces person the answer is...

    If you are a belt and braces person the answer is yes but only quick flip reno's in case a market has a downturn. If you are a realist and in Auckland the answer is yes, absolutely. We should see...
  9. Replies
    74
    Views
    4,472

    Well when I was active in early mid 2000's it...

    Well when I was active in early mid 2000's it used to be 3% on first 250K then 2% after that

    So 400K house was 7500 plus 3000 = $10,500

    Now 4% on first 500K = 20K plus 2.5% on balance is 7500 =...
  10. Replies
    74
    Views
    4,472

    None of which changes the fact that agents...

    None of which changes the fact that agents commissions have doubled along with values. Apparently that maths is beyond Mr hole.
  11. Talk to Sean Dunn at Lovegrove Realty best PM's I...

    Talk to Sean Dunn at Lovegrove Realty best PM's I have ever had. They do all of Auckland.
  12. Replies
    74
    Views
    4,472

    The nonsense of that statement ^^ makes a...

    The nonsense of that statement ^^ makes a response unnecessary but to save your embarrassment if 4% Commission on a 400K house 10 years ago is now a 4% commission on an 800K house today that is known...
  13. Replies
    4,124
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    505,340

    What twaddle. The Herald really losing its grip.

    What twaddle. The Herald really losing its grip.
  14. Replies
    74
    Views
    4,472

    Absolutely right Bob, agents and agency...

    Absolutely right Bob, agents and agency commissions double every 10 years obviously. And most agencies have increased comms from 3 to 4% over the last 10 years.
  15. Thread: Offers Over

    by Damap
    Replies
    5
    Views
    602

    Asian sellers always offer under that number...

    Asian sellers always offer under that number because they set it to see if they can get more. so if asking over 1 mil go in at 850K and let them counter.
    Non asian sellers usually the over is their...
  16. You would be the only one in history Gary ......

    You would be the only one in history Gary ......
  17. Replies
    7
    Views
    540

    Whats a 3 beddie b and T worth rent wise Macc?...

    Whats a 3 beddie b and T worth rent wise Macc? (140 sqm 549 sqm site?)
    And buying under 4 hundy OK?
  18. Never even heard of one........

    Never even heard of one........
  19. Replies
    7
    Views
    540

    Any Papamoa investors?

    I've been offered a private sale 3 bed brick and tile off the Dickson end of Longview. Any thoughts on rental demand, location OK, values in the area? Anybody interested in buying also happy to share...
  20. Thread: 5+ Property Rule

    by Damap
    Replies
    72
    Views
    3,836

    Some common sense at last.........

    Some common sense at last......
    https://www.facebook.com/MikeHoskingBreakfast/videos/vb.168001999900036/943777938989101/
  21. Thread: 5+ Property Rule

    by Damap
    Replies
    72
    Views
    3,836

    I am allowing for the fact that the changes may...

    I am allowing for the fact that the changes may be very simple to get around therefore not much cost. Until they are imposed we won't know.
  22. We put Healthaires into all our rentals, no more...

    We put Healthaires into all our rentals, no more mould, weepy windows etc. Was a good solution that meant tenants can keep their windows closed and never have any fresh air but we don't get the...
  23. Thread: 5+ Property Rule

    by Damap
    Replies
    72
    Views
    3,836

    The only people it would affect perhaps are the...

    The only people it would affect perhaps are the newbies who don't have enough equity/skill or fortitude to find a solution.
    What WILL happen is the education circuit will move into high gear and...
  24. Thread: 5+ Property Rule

    by Damap
    Replies
    72
    Views
    3,836

    You're not even making any sense now. You are...

    You're not even making any sense now. You are saying that if the gummint makes borrowing harder investors will simply borrow less and therefore rents won't increase.
    If that is what you mean it's...
  25. Thread: 5+ Property Rule

    by Damap
    Replies
    72
    Views
    3,836

    That would take 5 minutes to get around. That is...

    That would take 5 minutes to get around. That is my point. You wont stop investors they just have to spend more money.
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