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Type: Posts; User: Nick G

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  1. Interested in the same thing. My remodels of...

    Interested in the same thing. My remodels of older housing have been awesome and I'm now looking for ways to lock down more housing in the 12-18 months it takes to drag a project to completion.
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    Relocate 8 houses on there and hire a builder to...

    Relocate 8 houses on there and hire a builder to go around fixing them up for a few months.
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    Howdy Looking through all that I would say...

    Howdy

    Looking through all that I would say that you've done OK, $200K in your back pocket over a couple of sales is better than many and it sounds like you have a happy life to look forward to......
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    and better beer

    and better beer
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    As Alfa said you need to do a bit more research...

    As Alfa said you need to do a bit more research than that....

    Why are you buying it? Passive income? What is the cashflow? What do you want to do after you buy it? Buy again in a few years?

    So...
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    I chat with that journalist quite a lot. She's...

    I chat with that journalist quite a lot. She's nice and gets it. At stuff there seems to be a separate team of people who take an article and then come up with the most click-baity headline possible.
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    I've stayed in plenty of motels with an old...

    I've stayed in plenty of motels with an old fashioned metal key so I'm not sure why this is suddenly a big thing.
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    My understanding is yes. My brother and sister...

    My understanding is yes. My brother and sister did just this. I believe you tell your accountant the date you move out. I would seek some advice before you buy about what entity structure would be...
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    I get triggered by the anti vaccination movement....

    I get triggered by the anti vaccination movement. So many preventable child illnesses.
  10. Don't use a regular company!

    Don't use a regular company!
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    NZ, like many markets, is exposed to interest...

    NZ, like many markets, is exposed to interest rates quite a lot and while it hurts some that servicing criteria are so much tighter it is honestly not the worst thing in the world.
  12. Thread: A dark day.

    by Nick G
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    1,650

    There's zero reason to engage with anyone whose...

    There's zero reason to engage with anyone whose comments about an atrocity like this are a dig at Islam.
  13. Thread: A dark day.

    by Nick G
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    1,650

    We'll take our capital gains and wealth as you...

    We'll take our capital gains and wealth as you arrive but leave your culture, religion and language behind.

    - Many older New Zealanders and Australians
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    People should wear helmets on those things.

    People should wear helmets on those things.
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    I guess you bought those properties for less than...

    I guess you bought those properties for less than they are worth :-)

    Anyway, agree with Hype. Work out what could kick you in the ass and mitigate.
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    How does a ground moisture barrier work if water...

    How does a ground moisture barrier work if water pools on it?
  17. Consent increases the value unfortunately.

    Consent increases the value unfortunately.
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    Ask an agent to appraise for sale based on...

    Ask an agent to appraise for sale based on similar recent sales. If it is at the number you need you can get a valuation and in turn challenge that if it is much lower. I was preparing a challenge...
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    http://listings.jonette.co.nz/blog/wellington-rent...

    http://listings.jonette.co.nz/blog/wellington-rents-the-real.html
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    If you know your market rent or sale price going...

    If you know your market rent or sale price going into a deal I don't understand how a flat market is risky.
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    I often do half rent while work is ongoing.

    I often do half rent while work is ongoing.
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    Get tax advice, you have expensive GST issues...

    Get tax advice, you have expensive GST issues when doing this.
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    Yip. Be greedy when others are fearful. What...

    Yip. Be greedy when others are fearful.

    What would give me pause would be rent control or debt to income restrictions. Then I would really have a good think.
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    What's more important, the income or the...

    What's more important, the income or the location. Auckland is largely cashflow neutral at best unless you do projects. I'd be looking bigger deals, multi income or commercial.

    I know you're not...
  25. FHBs using Kiwisaver. Most home owners. DIY...

    FHBs using Kiwisaver.
    Most home owners.
    DIY types and those who will always take the cheapest route.
    95% of investors with only 1-2 properties

    Would just go direct to the banks that can...
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