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Type: Posts; User: reepr

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  1. Replies
    23
    Views
    2,409

    Thanks for the opinions, I am still flipping back...

    Thanks for the opinions, I am still flipping back and forth... it is a small amount of money, but feel the tenant is the one benefiting and not sure why I have to fund that benefit.
  2. Replies
    23
    Views
    2,409

    Confirmed free is not an option. $100-$150

    Confirmed free is not an option. $100-$150
  3. Replies
    23
    Views
    2,409

    Tenant wants a smart meter. Who pays?

    Tenant wants to change electricity providers, and the new provider requires a smart meter. Tenant is requesting Landlord pays.

    1. Whose responsibility is it to pay for meter?

    2. If its not the...
  4. Replies
    13
    Views
    2,209

    Might pay to check with your insurance as may not...

    Might pay to check with your insurance as may not be covered if property is empty for extended period. ( Even though rented )
  5. My investment track is: Business first and...

    My investment track is: Business first and ongoing. Residential Second and ongoing. Then Commercial ongoing for better yields once a safety net of residential had built up to provide enough income to...
  6. Replies
    21
    Views
    8,381

    I swung by and had a look. Everything looks good...

    I swung by and had a look. Everything looks good from a geology point of view. One of the sites was in a small gully with banks on 3 sides which is the only site that I would avoid.

    What concerns...
  7. Replies
    21
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    8,381

    No problem, happy to help. Some of those...

    No problem, happy to help. Some of those retaining walls have been there for a couple of years now, you could have a closer look at them and see if there has been any settling or movement in them.
    ...
  8. Replies
    21
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    8,381

    Hi, i own a property just up the road in...

    Hi,

    i own a property just up the road in Woodridge. Beautifully built and really solid. Recommend there if you are in the market for a new home. They don't sell just sections though, and builds...
  9. Thread: Rent or Sell?

    by reepr
    Replies
    12
    Views
    4,094

    How much did you pay? How much would it sell for?...

    How much did you pay? How much would it sell for?

    Take off 3-4% for real estate fees and 30% capital gains tax, how much would you nett?

    Unless you have to, or bought a lemon, or property...
  10. Replies
    19
    Views
    4,260

    Hi Proper Ti, Difficult to offer advise if we...

    Hi Proper Ti,

    Difficult to offer advise if we don't know your age, investment goals, risk profile etc.

    As a general rule, if you pay down to make your portfolio cashflow positive, and restrict...
  11. Replies
    15
    Views
    4,642

    Obviously it is your location they lease and...

    Obviously it is your location they lease and intend to close? What industry are they in? Can they feasibly trade out?

    I would start by asking them some more details to see if you can find a way...
  12. Replies
    103
    Views
    15,737

    I think it will do both things you mention. ...

    I think it will do both things you mention.

    Additionally opens the market for secondary lenders to bridge the gap. i.e. a 10% deposit buyer sources the additional 10% through finance company type...
  13. Replies
    173
    Views
    30,136

    So short sighted for a company which is virtually...

    So short sighted for a company which is virtually a monopoly to price their services in such a way to ensure competition will come along in some form. ( or realestate.co.nz will instantly become...
  14. Replies
    23
    Views
    6,280

    I just bought latest in Kapiti Coast....

    I just bought latest in Kapiti Coast. Paraparaumu.

    Reason Transmission gully route to Wellington commences construction next year, additional requirement for rental accommodation while it is...
  15. Usually claim forms have a question that asks if...

    Usually claim forms have a question that asks if the property damaged is insured by any other party. So you could either query your insurance company, or fill in a claim form detailing the other...
  16. How will you feel 6 months from now if you have...

    How will you feel 6 months from now if you have still had no progress?

    I know it is hard to walk away from something you have an emotional attachment to and have put some personal effort into.
    ...
  17. Replies
    11
    Views
    2,922

    I went low yielding ( 5% ) nice houses in...

    I went low yielding ( 5% ) nice houses in standalone suburbs. Had a business returning good $$ so cashflowing them wasn't a problem. Have made excellent capital gains on the first one purchased 1997....
  18. Replies
    245
    Views
    59,138

    Hey ScottSI, Congrats on another purchase. ...

    Hey ScottSI,

    Congrats on another purchase.

    I would be interested to hear more detail if you are willing to share specifics eg. Purchase price, expected valuation after reno, rent current /...
  19. Thread: Half share query

    by reepr
    Replies
    8
    Views
    1,829

    Not sure they can be removed, how about a clause...

    Not sure they can be removed, how about a clause stating that you can never increase mortgage to greater than 50% of the market value of the house. This would mean their investment is safe and if the...
  20. Replies
    76
    Views
    23,479

    Impressive valuation skills. How can you possibly...

    Impressive valuation skills. How can you possibly give an indicative sale price with no information other than a property with a granny flat somewhere in nz is marketed at 35% above CV?
  21. Replies
    5
    Views
    1,864

    Sums are right ( almost... see speights boys post...

    Sums are right ( almost... see speights boys post ) Just written confusingly. See below if it makes it clearer.

    Security
    $292,800 being 80% of the first home value
    $280,000 being 80% of a new...
  22. Replies
    23
    Views
    4,899

    Can someone tell me... we have plans to set my...

    Can someone tell me... we have plans to set my wife up in a garage, converted to an art studio. Would this kind of use need any council consents. (Wellington) or is it just if the space is used for...
  23. Replies
    47
    Views
    9,244

    +1 addressing council/consent fees. +...

    +1 addressing council/consent fees.

    + restrictions on international buyers probably only allowing them to buy new constructed houses.

    + ring fencing rental income so it can't be offset against...
  24. Just another piece of advice re contractor, if...

    Just another piece of advice re contractor, if you email your concerns/queries and get a response, you have a tangible piece of evidence if you decide to take it further. If you ring, it is just he...
  25. You say the contractor CAUSED the leak. The...

    You say the contractor CAUSED the leak.

    The way I read your post, the contractor advised the guttering needed repair. Then you had a leak. I doubt you can prove had the contractor not cleaned the...
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