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Type: Posts; User: WBuffett

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  1. Replies
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    11,405

    Perhaps being a bit snobbish, but a timber floor...

    Perhaps being a bit snobbish, but a timber floor to me is solid hardwood flooring, there are very reasonable priced, and stunning looking plantation grown in NZ eucalpytus hardwoods available, which...
  2. Are you Dean Lennon ?

    Are you Dean Lennon ?
  3. Replies
    27
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    11,967

    Warning! Warning! Warning! Before purchasing...

    Warning! Warning! Warning!

    Before purchasing products from someone in this industry, look at their track record, research their previous product sales and how has the result for the purchaser...
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    4
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    1,478

    YOu say you are no longer self employed, so not...

    YOu say you are no longer self employed, so not sure if you are on PAYE or working now, however:

    If you're not earning elsewhere the accountant should do a distribution to beneficiaries of the...
  5. I'm sure plenty of us have made lots of $ by...

    I'm sure plenty of us have made lots of $ by doing the opposite of what Kieren Trass suggests and calculating whatever he says will happen ..the opposite will actually happen.
    Those same people will...
  6. Correct its those guys with half a dozen or more...

    Correct its those guys with half a dozen or more properties who are on interest only, relying on depreciation to break even who will be effected most, many have seen the writing on the wall and have...
  7. Replies
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    4,376

    When I saw it being built I thought much the same...

    When I saw it being built I thought much the same thing, thinking that much concrete in it at least housing nz tenants would have a hard job smashing their partners heads through walls etc and that...
  8. Sucessful property developers cut corners, that...

    Sucessful property developers cut corners, that is how they increase profits, by reducing costs, one way of doing this is by not paying those said costs.
  9. The issue here is a simple one; use direct debits...

    The issue here is a simple one; use direct debits instead of cheques, then you can't accidently forget to sign the cheque or accidently forget to send it for several months.
  10. The problem is in the current enviroment he can't...

    The problem is in the current enviroment he can't keep getting topups on the mortgages for the "increases in value" thus the fact that itheydoes'nt pay their way means he can no longer afford to keep...
  11. Replies
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    6,391

    She didnt have to release the names, but the...

    She didnt have to release the names, but the bluggers were going public without disclosing the facts, she merely helped them as they conveniantly forgot a few items to disclose regarding their losing...
  12. Exactly from a cashflow/non-speculation/no...

    Exactly from a cashflow/non-speculation/no what-if/ perspective leverage will decrease the net yield and decrease the ROI, simply because the borrowing cost interest rate is higher than the yield...
  13. Replies
    34
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    6,391

    If the laws are for the greater good, then by all...

    If the laws are for the greater good, then by all means amend the Bill of Rights or scrap it and start again.
  14. My example above may be flawed as I am bad at...

    My example above may be flawed as I am bad at maths and financial type things, but I believe factoring in borrowing costs, the yeild on the two properties is less than 5% and the cashflow is less too...
  15. Replies
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    3,644

    Its not just the singing either, the son has some...

    Its not just the singing either, the son has some pretty slick dance moves.
    Probably some pretty expensive dance training going for a number of years there, but still great to see the results of all...
  16. The "mineral stuff" will soon go, and what will...

    The "mineral stuff" will soon go, and what will be left with, scarred and broken ravaged landscape ruining our one true resource, our biggest industry; our countries image and tourism.
    This kind of...
  17. If you have $300,000 and invest it in one...

    If you have $300,000 and invest it in one property at a 5% gross yield
    you will get $15,000 gross before taxes depreciation rates etc

    If you have $300,000 and invest it in two properties...
  18. I would say why invest if there is no capital...

    I would say why invest if there is no capital growth ..ie there is no bonus and the cashflow is less than from the bank, you are going backwards, its happened before again and again. Property going...
  19. The 15% property may be in Maurewa or some hick...

    The 15% property may be in Maurewa or some hick town and neighboured by gang members, the damage, the tenants running away and not paying may mean the actual return is less than the projected 15%...
  20. Its simple from what I can see, the first...

    Its simple from what I can see, the first property has a 5% return, the 2nd property has a 15% return, you average the two out and you get 10%


    Personally I would be inclined to chuck the 50%...
  21. Replies
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    Its good to see talented youngsters making a go...

    Its good to see talented youngsters making a go at it, living their dream and making a success at it.
  22. Is this realy so bad she has to be punished for...

    Is this realy so bad she has to be punished for it. There are certain posters on this forum who have stated they do much the same thing to the elderly, sick, dieing or dead as a legit buying...
  23. Replies
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    16,446

    But all of those who want their own sanitised...

    But all of those who want their own sanitised version of free speech on this website and will use legal threats to do so already have their own websites.

    Although do believe unmoderated free...
  24. Personally I can't stand the personal development...

    Personally I can't stand the personal development genre, even the idea of it.
    Developing myself from a book, "growing" from a book, I have lots of times for the green folk amoungst us as well as the...
  25. Replies
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    16,446

    Indeed as I mentioned in a post that must have...

    Indeed as I mentioned in a post that must have accidentally got deleted as I mentioned no names that private detectives have been used in the past by some against their competitors and they would...
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