How to take out equity in fully paid for rental homes

[mdavis501]

In 2009 I purchased two rental homes in California for about $275K each. Today, estimated sales would be $650K each. They have no mortgage. Existing renters are fantastic and never late. Combined rental income is $57,000/yr. I'm retired and manage these two homes myself, and with great renters...

[fran1942]

Hello, we are selling an inherited, 2 bedroom rental unit in Chartwell suburb, Hamilton estimated value up to 500k.
I have no idea about which agent to choose i.e. based on commission and performance for this category of property.
Any recommendations would be appreciated. Thanks kindly ...

[730]

Hey all,

I'm looking into buying my first home in Auckland and found what I think is a pretty good compromise in a decent area (Te Atatu Peninsula) and a pretty good position.
It is new developments (so buying off the plan) of two-story terraced houses with 2 bedrooms and 2 bathrooms...

[OnTheMove]

Our house is staggered, so was thinking we could just reuse the roofing of whatever shape we choose to build, ie if the single garage, just put an extension above and use existing colour bond roof shape for new extension?

However Id like to be able to access internally. If it was above...

[donna]

Hi All,

How do you work out if buying a property is cheaper than renting?

is it just the rent vs interest repayments as of today?

or do you need to factor in possible increases in interest rate and rent over next 2 -5 years?

should you include rates...

[Beano]

I have heard depreciation on commercial buildings is back again!
Great news ... looking forward to the details.
I use to get $175k depreciation in the old days.... double bonus perhaps with another decrease in interest rate.

[quebec]

We put an offer on a property last year but didn't get it. Someone else's offer was accepted. Now the property is coming back to the market as the sale did not go through because the cross lease documents was misplaced by LINZ, they just can't find it. Total 6 units in the block and other 5 have the...

[Rosco]

Hi all,

Do you want the new RTA changes to come in?

Do you want to lose the ability to issue a 90 days notice, to remove a tenant without giving a reason?


Making a submission would be great, but unfortunately on Ring Fencing there was only 110 submissions...

[Beano]

This bold new superstore in West Auckland is fast coming together for a ‘soft and slow’ opening on Monday 30 March 2020. The Nido sign is proudly displayed on the building which rises above its surroundings. This development is a tribute to the vision and sacrifice of Vinod Kumar, the key...

[Nick G]

Hi all

Earlier I had a chat with Sarina from APIA about the upcoming bill to amend the Residential Tenancies Act. My conversation is with with Sarina Gibbon, who is the general manager of Auckland Property Investors' Association. Sarina has been at the coalface for APIA on on this matter,...

[lmckoy]

We've recently had new tenants move into our house in Auckland, and they just purchased a fridge off of Trade Me that keeps tripping the fuse to the kitchen - a friend of mine (with an electrical background) popped in to check out what's going on, and has said that the fridge is an older model, so will...

[henderson]

Dear Members,

I have bought house last year which has 2 good size lounge and wanting to convert one into bed room and add new toilet and bathroom and wanting to rent out individual room to create some income from home since my child recently diagnose and i need to spend lot of money on...

[reepr]

Tenant wants to change electricity providers, and the new provider requires a smart meter. Tenant is requesting Landlord pays.

1. Whose responsibility is it to pay for meter?

2. If its not the Landlords responsibility would you pay anyway?

Seems to me if the tenant...

[Beano]

With the pending new trust act are many property investors expecting/planning to present their accounts under IFRS/audited ?
I assume beneficiaries can demand the financial accounts be audited and presented under the current IFRS.

[Steb]

Hey guys. I’m new to this forum and thought I’d get some advice. I’m about to settle on a freehold house in 9 days. There are tenants in there at the moment. They are finding it really hard to find another place(pretty understandable if you met them). The real estate agent text me a couple days...