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Type: Posts; User: Frezzinghot

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  1. I have seen some real howlers! One guy spent...

    I have seen some real howlers! One guy spent about 200k on a trade, by the time he had finished many months later the house was well over capitalised, profit was unlikely in the market he was playing...
  2. Was this a trade Blue? That is an incredible...

    Was this a trade Blue? That is an incredible discount!!!
  3. The problem we seem to be having now is that each...

    The problem we seem to be having now is that each year we seem to be paying extra tax come tax time, our accountant keeps saying we are making profit now from the rentals so never seem to get...
  4. thanks Anthony will be in touch, would I be right...

    thanks Anthony will be in touch, would I be right to assume any profit made by trading or other income should go straight in personal debt before paying any down on investments?
  5. Replies
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    Oh ok thanks for the explanation, for us it’s not...

    Oh ok thanks for the explanation, for us it’s not about saving on our mortgage it about keeping the same payments going through to get as much principal paid on each loan, a sort of a win/win...
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    We have 150k commit off fixed next year on the...

    We have 150k commit off fixed next year on the 8th March, currently 3.99%, what are the chances we could get to 3% next year?
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    Read this today, incredible the cost per sq m vs...

    Read this today, incredible the cost per sq m vs Melbourne!!
  8. Trading finance - Where to go from here

    Just putting it out there, mainly to those of you who are currently trading full time.

    I am wanting to trade full time bottom line, issue currently is service-ability from our current banks...
  9. The top of towners will continue on regardless,...

    The top of towners will continue on regardless, especially in Auckland, asset rich cash poor, who cares just hold on for the next cycle and watch your asset double in value.

    FH
  10. That depends on how desperate you are to sell.

    That depends on how desperate you are to sell.
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    Park estate and Rosehill are fine, anything over...

    Park estate and Rosehill are fine, anything over the railway line not so good. (Eastside)
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    yes exactly, it states on the form, is there any...

    yes exactly, it states on the form, is there any known defects with the home. I always ask an agent is there anything wrong with the property that I should know about, I guess this statement is...
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    That’s not what the story says, the previous...

    That’s not what the story says, the previous vendor who sold it to the agent knew it was leaky and well as the agent who then sold it on knowing it was rotten.
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    Leaky rental property.

    https://interactives.stuff.co.nz/2018/the-big-leak/
  15. We would like to know when things get urgent as...

    We would like to know when things get urgent as we are currently buying and selling in the same market. It’s our PPOR which we are talking about. We are just not seeing the urgency to sell as where...
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    Vendor has not countered and wants us to sell our...

    Vendor has not countered and wants us to sell our home first, I said no deal as we make a commitment to sell and the vendor just waits for another cleaner offer.
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    Yes I think we will use her to sell as well...

    Yes I think we will use her to sell as well because that will give her some fat in the game, both homes are over a mil so would be a substantial commission for her she can pull it off, if she has...
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    yes the obvious one was a building inspection...

    yes the obvious one was a building inspection which we added. Can be a costly mistake otherwise. Offer was lower than they were expecting I think but having talked to a few agents the market is flat...
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    yes that’s true, signing a contract tonight,...

    yes that’s true, signing a contract tonight, conditions are finance, subject to selling PPOR and lim. Can’t think of anything else. What about settlement, should we make this longer to enable time to...
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    Bridging finance was going to be charged out at a...

    Bridging finance was going to be charged out at a rate of 6% IO for up to a year, was going to cost us 9k a month on IO. Too much of a risk so we are just going to put in a contract subject to...
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    Thanks, that makes perfect sense.

    Thanks, that makes perfect sense.
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    Thanks Ross, the other scenario I see is that we...

    Thanks Ross, the other scenario I see is that we use the bridge finance, get the new house under contract, ask for a longer settlement say 2 months, actively try and sell the our 1st house before or...
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    Bridging finance - pros and cons

    We have seen a house we like in the same neighbourhood. We want to make an offer, issue is we still have our house to sell. Ideally we usually like to sell before finding a new house but in this...
  24. I think I have finally go to a point where I know...

    I think I have finally go to a point where I know what I want to do and need to go ahead and find a way to do it. I’ve decided to trade my job for property trading. The fun part is finding money to...
  25. Just did it yourself and some a whole lot of cash!

    Just did it yourself and some a whole lot of cash!
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