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Type: Posts; User: elguapo

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  1. Thread: Interest Rates

    by elguapo
    Replies
    5,853
    Views
    954,003

    Just did a refix at 3.55% for 12 months.

    Just did a refix at 3.55% for 12 months.
  2. The most important thing to remember is that with...

    The most important thing to remember is that with a fixed price contract the builder is taking most of the risk, on cost plus the client is. The more experienced your relative is with construction,...
  3. Replies
    115
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    3,787

    Have you considered renting him to Ogg for $50/hr?

    Have you considered renting him to Ogg for $50/hr?
  4. Replies
    115
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    3,787

    A school principal in NZ earns an average of...

    A school principal in NZ earns an average of $100,000 and is in the top 10% of earners. Nor has a school princple used a briefcase since 1992 and the only principal to use public transport was Mr...
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    298

    In what way is this clear?

    In what way is this clear?
  6. Replies
    6
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    426

    That's funny. Imagine the shock when people snap...

    That's funny. Imagine the shock when people snap onto a property rented below market rate and wont let it go without a fight. I mean, there is only a hundred years or more data on the negative...
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    3,787

    Yes it is. Uber significantly increased...

    Yes it is.



    Uber significantly increased the number of cab drivers, that is how they changed the way he market operated.



    It is a free market place, which means builders are quite free to...
  8. Replies
    115
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    3,787

    I wonder just how keen you would be if we explore...

    I wonder just how keen you would be if we explore the possibility of thousands of 'Chinese/Indian/Filipino workers' being imported to bid down your pay rate. Perhaps we then could create a reverse...
  9. Development really isn't for you. Getting 'in an...

    Development really isn't for you. Getting 'in an out quick' simply doesn't happen.
  10. Replies
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    2,434

    It will be interesting to see exactly what is...

    It will be interesting to see exactly what is illegal about lining and carpeting a garage, or what is illegal about calling it a utility room.
  11. 1. It would be good if you made that clear to the...

    1. It would be good if you made that clear to the bank that it is dependent on the 'project'.
    2. If you repeat meaningless t property investment tropes often enough, you will buy 'under valued' and...
  12. It is helpful in these situations to understand...

    It is helpful in these situations to understand intent from the actual outcome.

    Labour didn't want to, and had no intention of, building 100,000 houses.
    Labour was never going to introduce a CGT.
  13. House prices are, to a large degree, controlled...

    House prices are, to a large degree, controlled by future expectations for house prices, and it only takes a small difference between demand and supply to see house prices skyrocket given the supply...
  14. Only a little difficult. Credit to him for...

    Only a little difficult. Credit to him for posting a real property. I actually think it's (mostly) a good buy and is a decent base for a multi income property. Can't see getting a total of 8...
  15. Ah. That's not a no money down deal in the...

    Ah. That's not a no money down deal in the property sprukers world.



    Was this an under value buy? $790,000 seems bang on for the current market. Given you consistent recommendation to by at...
  16. Replies
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    1,155

    Both you and the adjudicator are wrong, as was...

    Both you and the adjudicator are wrong, as was the tenant.
  17. I'm told the assessment is currently 7.5%, and...

    I'm told the assessment is currently 7.5%, and P&I on an 18 year payback.
  18. Replies
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    1,155

    I wonder where you found that definition?

    I wonder where you found that definition?
  19. Gary, good on you providing the details. This is...

    Gary, good on you providing the details. This is a strategy I've done a number of times, however I'm confused how you get a $500,000 equity gain. How have you calculated this?

    Your taking an...
  20. $650k will just get you a two bed unit in that...

    $650k will just get you a two bed unit in that general area.



    That is very challenging objective. Have you calculated how much capital you need to create the income you want without working? ...
  21. Are you recommending him to rent rooms out to...

    Are you recommending him to rent rooms out to increase income, or just to tell the bank that is what he is doing?



    Let's get this straight, your recommendation is that he can purchase now in...
  22. I'm amazed! People wanting to create a cartel to...

    I'm amazed! People wanting to create a cartel to advantage themselves. Perhaps they should have consulted a property professional who understood the business and could have mentored them away from...
  23. They can go after him as an individual and levy...

    They can go after him as an individual and levy fines in the tens of thousands.

    From 2021 it will be a criminal offense that can result in 7 years jail, and a maximum $500k fine.
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    Agree. From the way it is describe, there is...

    Agree. From the way it is describe, there is significant risk of being exposed at the TT. A single household/flat mate arrangement would be far more robust.
  25. Thread: Interest Rates

    by elguapo
    Replies
    5,853
    Views
    954,003

    A friend in the UK had a tracker mortgage that...

    A friend in the UK had a tracker mortgage that was set at base -1%, when they cut below 1%, he started getting interest paid to him.
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