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Sir Robert - The Coming Economic Crisis

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  • #91
    Originally posted by Frezzinghot View Post

    5% yield. In Auckland. Was a solid brick & tile home with a cosmetic reno. Brought 80k under CV before it went really crazy about 3 months ago.

    Pretty happy with that as I can recycle a my deposit in 6months to buy another. Challenge will be if I can do it in Auckland but probably further south.
    Yeah, not sure you'd be able to do it anywhere worth investing in. For example - house in Kapiti - RV $595K sold for $945K.

    cheers,

    Donna
    SEARCH PropertyTalk, About PropertyTalk

    BusinessBlogs - the best business articles are found here

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    • #92
      We are a nation of property buyers. Everywhere you look there is a group or a property educators , buy this buy that..
      Last edited by BlueSky; 26-10-2020, 01:29 PM.

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      • #93
        Originally posted by BlueSky View Post
        We are a nation of property buyers. Everywhere you look there is a group or a property educators , buy this buy that..
        Yes, property experts are back in fashion, key is picking the ones that know what their doing!
        "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

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        • #94
          If they knew what they were doing, they'd be buying. Not selling the sizzle.
          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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          • #95
            Who is the best property educators out there, Ronovations?, Property apprentice? Opes partners?

            go...
            "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

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            • #96
              The person concerned is the best, after due diligence and informal chats with all and sundry.
              Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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              • #97
                Originally posted by Nick G View Post
                There will certainly not be a construction boom unless it is government funded infrastructure.
                Seems to be ticking along nicely. Buoyant property market, making it hard to get tradies. Everyone is doing renovations spending or borrowing for home improvements now there’s no o’seas travel (parts of Oz open but it’s risky going there).

                cheers

                Donna

                SEARCH PropertyTalk, About PropertyTalk

                BusinessBlogs - the best business articles are found here

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                • #98
                  Property educators - I’d say we have a few mature operators now with proven business models and loyal supporters.

                  Hard to go past GRA - Matt Gilligan, IMHO.

                  Steve Goodey is doing his vids on Facebook and they’re good.

                  Steve Tucker - Valuit put a video series together with 27 investors.

                  Graeme Fowler (Orion) - he has his FB group and he recently did a long post on it about Kiwis not willing to pay for property education or something along those lines and there’s a lot in that.

                  cheers

                  Donna



                  SEARCH PropertyTalk, About PropertyTalk

                  BusinessBlogs - the best business articles are found here

                  Comment


                  • #99
                    Whats your thoughts on Ronovations? (Ron hoy fong)
                    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

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                    • Lots of info on google.

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                      • Originally posted by Frezzinghot View Post
                        Whats your thoughts on Ronovations? (Ron hoy fong)
                        Given the 'hit' on Ron from the Commics Commission, not good.

                        Don't recall the outcome, now.
                        Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                        • Most of all the spruikers I see sell the greater fool theory... buy (comically suggesting you do so below market value), hold, sell to someone for more than you paid.

                          AFAIK only Orion talks about a buying if the numbers work today paying down debt and not being concerned about asset price inflation take the upside if it comes...

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                          • Originally posted by Don't believe the Hype View Post
                            Most of all the spruikers I see sell the greater fool theory... buy (comically suggesting you do so below market value), hold, sell to someone for more than you paid.

                            AFAIK only Orion talks about a buying if the numbers work today paying down debt and not being concerned about asset price inflation take the upside if it comes...
                            Ron and team talk a slightly different game and promote central Auckland only, so a lot harder to do but seems he has been successful doing so, most I would say are running over the bombay hills looking for better yields and cheaper housing which we all want as investors but just what of the long term growth?
                            "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

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