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Type: Posts; User: DaveW

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  1. Replies
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    348

    At least Sir John holds people accountable. I...

    At least Sir John holds people accountable. I see he has just fired the CEO of ANZ.
    Why can't this government hold anyone accountable for the 100,000 homes dream policy?
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    928

    I agree with Nick, I wouldn't say you're a...

    I agree with Nick, I wouldn't say you're a failure.
    You obviously have the capability, you just need to step up your game.
    Befriend agrnts, get to the deals before others do.
  3. Replies
    5,317
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    830,322

    Or if expectations decrease and people buy and...

    Or if expectations decrease and people buy and live in flats, as in the UK.
    Infill housing will increase so you can bet that land prices in populated areas will continue to increase.
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    593

    Building to rent would consume more finance than...

    Building to rent would consume more finance than building to sell. You can sell off the plans, or near completion, but with rentals you need to landscape, curtains, furnish, etc.. Often a developer...
  5. Thread: Adding Bedroom

    by DaveW
    Replies
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    6,492

    You should get three quotes from registered...

    You should get three quotes from registered builders. Get them around and talk with them - you will get the answers you are after.
  6. Replies
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    593

    I would build and sell, one at a time.

    I would build and sell, one at a time.
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    205

    I am currently going through the same process but...

    I am currently going through the same process but I asked the agent to prepare an early release form - which is then signed by both parties.
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    1,340

    They will only foreclose if you cannot meet the...

    They will only foreclose if you cannot meet the payments.
    If you lose your cash reserves then you put yourself at risk.

    The mainstream banks are most conservative, and they will look after their...
  9. Replies
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    1,340

    Yes you have it right. When the shit hit the fan,...

    Yes you have it right. When the shit hit the fan, like it did 2009, the banks will reduce their exposure by shifting your deposit to pay down mortgage. The property owner may then decide to...
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    1,340

    You're right about the benefits of offset...

    You're right about the benefits of offset mortgage over revolving credit type, however my comment still stands. If you don't put your cash in a separate bank/investment then in an economic downturn...
  11. Sounds like they are not living within their...

    Sounds like they are not living within their means.
  12. Replies
    5
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    284

    Did you get 3 quotes ? I just spent that much...

    Did you get 3 quotes ?

    I just spent that much yesterday on re-carpeting a shop 154sqm.
  13. Replies
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    1,340

    When I say cash I don't mean shove it under the...

    When I say cash I don't mean shove it under the mattress. You can put it in term deposits, kiwi saver, ...
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    1,340

    An offset account can be convenient to have but...

    An offset account can be convenient to have but when the tide turns and banks tighten on lending then you will wish you had not put the cash in with the same bank as your mortgages. Banks can...
  15. I was going to say the $26k sounds reasonable....

    I was going to say the $26k sounds reasonable. Did you proceed with the other quotes for comparision or did you quit?
    my rule is toalways get 3 quotes, not only do you get price comparisons but you...
  16. Seasoned investors will only pounce if the exit...

    Seasoned investors will only pounce if the exit of mum and dad investors is so great as to flood the market. Last time was during the GFC. One should always position themselves to buy in an exit...
  17. Replies
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    593

    Lets see if this is a good deal and then let's...

    Lets see if this is a good deal and then let's see if the average investor can raise the finance.

    Please share the following:
    Property description
    Tenancy schedule
    Property operating expenses...
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    593

    I would be happy to assist a would be buyer with...

    I would be happy to assist a would be buyer with due diligence for this if anyone is interested.
  19. What you say equally applies to development, if...

    What you say equally applies to development, if you just dabble in it then stupid is as stupid does.

    Even for B&H you should aproach it as a business with no stone left unturned, work hard, and...
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    593

    And there lies one of the tools to growing a...

    And there lies one of the tools to growing a portfolio faster than the average investor. Learn how to choose a valuer who will give you the highest value. Non bank lenders are less strict than banks,...
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    That's good advice. You should spend at least...

    That's good advice.

    You should spend at least a couple of months in the areas and really know the markets.

    Personally I would invest within the bigger populated areas, and be within half hour...
  22. It's ok if you want to advise people to do B&H...

    It's ok if you want to advise people to do B&H residential but there are also people who fail on that without making proper due diligence
  23. Preserving ones wealth can be just as challenging...

    Preserving ones wealth can be just as challenging as acquiring it, I agree!

    It soinds as though we are in a similar boat I'm also on travels with a family of 5, and real estate investing is more a...
  24. There's no reason why you can't do both...

    There's no reason why you can't do both residential and commercial. Sure you have to learn the different ways of making money in commercial property but once you have learnt this then your team can...
  25. That is the crunch of it all Paul. Well played. ...

    That is the crunch of it all Paul. Well played.
    You would do well to carry on into bigger deals in commercial property.
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