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Type: Posts; User: GLin

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  1. Replies
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    Not easy to find high yielding properties. I...

    Not easy to find high yielding properties.

    I helped two students bought two properties last two months. One 7% gross yield, the other 6% gross yield but is being subdivided to add $200k equity.
  2. Thread: Interest Rates

    by GLin
    Replies
    5,795
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    927,719

    As unemployment rises, and inflation keeping low,...

    As unemployment rises, and inflation keeping low, more OCR will be cut across both Aus and NZ for months to come in 2019 and 2020.
  3. Replies
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    I agree with Rosco. An offset account like...

    I agree with Rosco.

    An offset account like Total Money from BNZ is fantastic.
  4. Replies
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    444

    Buy cashflow properties in Auckland, so you enjoy...

    Buy cashflow properties in Auckland, so you enjoy both high capital gain and high rental growth, with positive cashflow in day one.

    Else try Hamilton.

    Bigger population and population growth =...
  5. The word "mega" sounds misleading. I thought...

    The word "mega" sounds misleading.

    I thought it was HNZ buying up Wellington when I saw the headline haha.
  6. Thread: Interest Rates

    by GLin
    Replies
    5,795
    Views
    927,719

    China bank has dropped rates to 3.65% for 2 years...

    China bank has dropped rates to 3.65% for 2 years (with conditions).

    I think my prediction of 3.5% by Xmas 2019 is a bit conservative now...
  7. Thread: Interest Rates

    by GLin
    Replies
    5,795
    Views
    927,719

    Unfortunately based on the stats that Tony...

    Unfortunately based on the stats that Tony Alexander just sent out today, his BNZ Weekly Overview, things still look rosie compared to 2009.

    I say within 12 months or so.
  8. Thread: Interest Rates

    by GLin
    Replies
    5,795
    Views
    927,719

    It's a signal the whole economy is going down...

    It's a signal the whole economy is going down south.

    Expect redundancies from NZ companies to accelerate.
  9. Depends how you are funding that purchase. If...

    Depends how you are funding that purchase.

    If you need to sell properties in cities like Auckland or Hamilton to fund it, then I would personally sell 10 years later, then buy the future...
  10. Replies
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    1,073

    I have always used mortgage brokers with 5 banks...

    I have always used mortgage brokers with 5 banks I have mortgages with. Kiwibank is the only one I deal direct.
  11. Thread: Interest Rates

    by GLin
    Replies
    5,795
    Views
    927,719

    Rates will drop further this year. I won't be...

    Rates will drop further this year.

    I won't be surprised 1 year rates drop to 3.5% by Xmas 2019.

    I'm fixing 6 to 12 months, whichever is lower.
  12. Replies
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    One of my client in South Auckland just settled...

    One of my client in South Auckland just settled on a similar property last week, doing something very similar.

    He's in the process of going through building consent to add two incomes, spending...
  13. Replies
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    9,383

    Most rental properties will have extractor...

    Most rental properties will have extractor fan/rangehood in the kitchen to keep air clean during and after cooking.

    Also bathroom as well, having extractor fan helps getting steam out.

    Some of...
  14. Replies
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    841

    Yes $100 per sqm is about right. I have gotten...

    Yes $100 per sqm is about right. I have gotten quotes more expensive than that!

    Encapsulation is definitely another option too.

    One property I renovated for a client, got one of the reputable...
  15. Replies
    94
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    8,544

    Many towns downsize across nz. Also slower...

    Many towns downsize across nz.

    Also slower capital gain long term means opportunity lost, long term.
  16. Replies
    94
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    8,544

    Never needed to move 20m, so don't know.

    Never needed to move 20m, so don't know.
  17. Replies
    94
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    8,544

    Council has indicated that moving bathroom or...

    Council has indicated that moving bathroom or kitchen within 10m is ok.

    It is always good to get it consented even if it doesn't require it. At least update the floorplan and keep it in council's...
  18. Replies
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    8,544

    It's a direct quote from Building.govt.nz, a...

    It's a direct quote from Building.govt.nz, a government organisation...
  19. Replies
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    8,544

    What building work usually doesn't require a...

    What building work usually doesn't require a building consent and can be carried out by anyone:...
  20. Replies
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    8,544

    If there is no capital gains. Let's just say...

    If there is no capital gains.

    Let's just say buy with cash.

    9% gross yield in small town.

    5.2 to 5.5%ish net yield, after expenses (small towns have very high council rates)

    33% tax
  21. Replies
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    https://www.youtube.com/watch?v=lu_VqX6J93k

    https://www.youtube.com/watch?v=lu_VqX6J93k
  22. Replies
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    974

    Strange that the inspector can't tell you what...

    Strange that the inspector can't tell you what you need to do!

    Found some interesting reading here:...
  23. Replies
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    974

    Could you raise the ground where it is between 1m...

    Could you raise the ground where it is between 1m to 1.2m, like a slight hill, to get around this issue?

    Then afterwards you can do the box hedge.
  24. Replies
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    I haven't been part of Ron's group for over a...

    I haven't been part of Ron's group for over a year now so I won't know.

    With the friends that I connect with who are still part of the group, there aren't anyone that I know got burnt that I am...
  25. Replies
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    Hi House Hunter If you joined Ron's coaching...

    Hi House Hunter

    If you joined Ron's coaching 3.5 years ago, and left after 6 months, I'm not sure if I would remember you. At the time I was just a student in 2015.

    If I were to go back to 2015...
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