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Type: Posts; User: elguapo

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  1. Only a little difficult. Credit to him for...

    Only a little difficult. Credit to him for posting a real property. I actually think it's (mostly) a good buy and is a decent base for a multi income property. Can't see getting a total of 8...
  2. Ah. That's not a no money down deal in the...

    Ah. That's not a no money down deal in the property sprukers world.



    Was this an under value buy? $790,000 seems bang on for the current market. Given you consistent recommendation to by at...
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    Both you and the adjudicator are wrong, as was...

    Both you and the adjudicator are wrong, as was the tenant.
  4. I'm told the assessment is currently 7.5%, and...

    I'm told the assessment is currently 7.5%, and P&I on an 18 year payback.
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    I wonder where you found that definition?

    I wonder where you found that definition?
  6. Gary, good on you providing the details. This is...

    Gary, good on you providing the details. This is a strategy I've done a number of times, however I'm confused how you get a $500,000 equity gain. How have you calculated this?

    Your taking an...
  7. $650k will just get you a two bed unit in that...

    $650k will just get you a two bed unit in that general area.



    That is very challenging objective. Have you calculated how much capital you need to create the income you want without working? ...
  8. Are you recommending him to rent rooms out to...

    Are you recommending him to rent rooms out to increase income, or just to tell the bank that is what he is doing?



    Let's get this straight, your recommendation is that he can purchase now in...
  9. I'm amazed! People wanting to create a cartel to...

    I'm amazed! People wanting to create a cartel to advantage themselves. Perhaps they should have consulted a property professional who understood the business and could have mentored them away from...
  10. They can go after him as an individual and levy...

    They can go after him as an individual and levy fines in the tens of thousands.

    From 2021 it will be a criminal offense that can result in 7 years jail, and a maximum $500k fine.
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    Agree. From the way it is describe, there is...

    Agree. From the way it is describe, there is significant risk of being exposed at the TT. A single household/flat mate arrangement would be far more robust.
  12. Thread: Interest Rates

    by elguapo
    Replies
    5,811
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    932,653

    A friend in the UK had a tracker mortgage that...

    A friend in the UK had a tracker mortgage that was set at base -1%, when they cut below 1%, he started getting interest paid to him.
  13. There is no such thing as safe. There are only...

    There is no such thing as safe. There are only varying degrees of risk. The company was fined, primarily, for failing to identify and manage the risk.
  14. Yes, perhaps a better strategy.

    Yes, perhaps a better strategy.
  15. I think this is actually happening to some...

    I think this is actually happening to some degree. The asymmetry between tighter lending, falling prices, and rising rents is what has me looking again seriously. That's a far more interesting...
  16. Yeap, this left me quite short on new borrowing...

    Yeap, this left me quite short on new borrowing that I was looking for for an opportunity that came my way. Kicking myself for paying down debt heavily last year....
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    Can I ask why you think this? You can update the...

    Can I ask why you think this? You can update the property file without going through all the additional costs and hassles of getting a building consent for things that do not require building...
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    837,728

    To a degree, the role of a reserve bank is to...

    To a degree, the role of a reserve bank is to keep people in the dark about a liquidity crisis. Maintaining confidence in banking is really the only purpose of banking, without it, banks will...
  19. There would never be a requirement to 'use...

    There would never be a requirement to 'use fireline Gib'. It is only used in context, as part of a fire rated system. Just throwing up a single wall of fireline by itself doesn't achieve anything.
  20. Someone not explained to him a demand and supply...

    Someone not explained to him a demand and supply graph?
  21. Replies
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    26,108

    Poll: There are reasonable reasons for a landlord to be...

    There are reasonable reasons for a landlord to be wary of pets (I've twice replaced carpets as a result), but these are plain weird.
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    26,108

    Poll: That's what I see too. The biggest impact will...

    That's what I see too. The biggest impact will be on the lower end of the rental market, supply will tighten, no one will dare to take a risk with anything other than a well proven, quality tenant. ...
  23. Yes, it's just pure BS. The irony being the...

    Yes, it's just pure BS. The irony being the drive to have more regulation of tenancies just means it's the large property managers who prosper. Keeping up with changes gets too hard for most of the...
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    Never let it be said you don't put your money...

    Never let it be said you don't put your money where your mouth is.
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    I'm not at all frugal. I just see any great need...

    I'm not at all frugal. I just see any great need for an expensive car.

    My answer is 0.09%
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