• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 12

Thread: Member Profile

  1. #1
    Join Date
    Jun 2005


    Name Robyn Grinter (NZGEMS)
    age - 53 (2009)
    Location - Hamilton (for now)
    Years Investing - if you count the shares 15
    Types of Investing, Realestate seriously since 2001 shares in the old life

    Background I had traded shares back in the early 90's had a few for a number of years prior to that too as lost alot in the crash of 87 at that stage I wasn't trading. But started in the 90's and made alot of money then decided in 96 to get out as I felt I had only been lucky and I would concentrate on our then business of building the countries largest pet shop, we used the Shares to purchase the land, borrowed the rest from the bank, and it was very successful. I hated working in it though it just wasnt my passion my passion had been to set it up and get it running so i searched and discovered I was going to make a go of property, well that decision was made in Sept 98 when I attended a course on understanding your mind, I decided then I would get into property as I quite liked it. went to a couple of courses that next year read some books and the following year after attending another seminar I just decided that was it I wasnt going to listen to those who told me I couldnt any longer and went out and the rest is history, traded over 300 in 6 years, done a few since, currently holding about 70 including some land which I would really like to move. Have some more under contract too.

    about to start a mentoring business as I have decided it is time to spend the time helping others get ahead too. Still will do a few property deals including purchasing a few more 15%ers sold alot of those a few years ago, maybe not the smartest move but seemed a good idea at the time. Probably was they were not in crash hot areas. Going to keep educating myself too plan to do an NLP course later this year.

    plan to the future is to purchase our land at Waiheke we have found build the mansion on the coast, carry on with the mentoring and run a few seminars again too. also will speak at others which I have done in the past. and best of all sit back and drink wine on the beach.

  2. #2
    Join Date
    Aug 2003


    For those of you that want to create a profile of yourself here - I can suggest you add a link to it in your signature (how to create a signature).

    To get the unique URL for your profile post - click on the post number on the top right hand side of your post (once you have loaded your post) copy that URL and then add it to your signature - e.g. for Graeme's post his URL is:
    https://www.propertytalk.com/forum/sh...74&postcount=2 and he could have in his signature a hyperlink to it so it reads:
    My Profile


    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here

  3. #3
    Join Date
    Jun 2005


    good idea donna

  4. #4
    Join Date
    Jan 2008


    Name Jonathan Porteous (jporteous)
    Age - 32 years (2009)
    Location - Christchurch
    Years Investing - 7
    Types of Investing - Property (buy and holds), and own business.

    My investing started in 2003 when we started our own business and purchased our first investment property.

    I have been lucky in that the people I started the company with have all been long-term investors (20-30yrs+ in shares & property) and through their encouragement I started investing. Their ongoing advice is invaluable.

    My first investment property was in Invercargill (2003). It was extremely ugly (pale sickly green) but was a sound brick and rough cast building. It was on the market for $125,000 but negotiated down to $105,000. I quickly repainted it, rented it for $200/week (10% yield) and revalued it for $125,000. Not a lot of money but i learnt a lot.

    In 2005 my parents and I decided to setup a jointly owned LAQC (50% each) to target blocks of flats in central Christchurch. The deal we came up with was they would provide some initial equity but I would do all the work.

    In 2005 we bought a block of six flats in Brockworth Place, Riccarton. It was on the market for $1,000,000 - building was sound but it had been thrashed. Before purchase I got the valuer to forecast the value if I renovated the block. With negotiating the purchase price to $900,000 and the forecast valuation the bank was happy to fund the purchase and renovation at 6.99% . This block has a 9% yield (on debt) and valued at $1.4m.

    Also in 2005 I ran into trouble in Christchurch and Invercargill with my property managers. As an example, the Invercargill property manager (big firm) received rent on time from tenant but I had to chase them for the rent to be forwarded to me. To cut a long story short sacked both. Sold Invercargill and have been successfully managing our own properties.

    In 2007 through work I meet a successful businessman who wanted to invest in property but didn't want the hassle. A block of eight flats in the four avenues (5-8 min walk from square) came up. It was in eight separate titles. So our LAQC bought 4 & the businessman bought four. We manage all 8. We have a legal document that if one wants to sell the other gets first right. This property is negatively geared with a 7.5% yield but we do control over 1400m2 close to town so the long-term value should be reasonable. Especially with the council actively encouraging population growth within the central city.

    In 2008 we bought Peverel St. Walking distance to university + Riccarton mall etc. This is under another LAQC with my brothers. Currently with a 7.5% yield. The back flat we can easily convert to four double bedrooms. We have good tenants at the moment so will hold off till the move. Had only fixed for a year so will be able to lock in a reasonable rate this July which will make this property almost cash positive before tax.

    During this time we also started managing another 3 properties for other people.

    Looking forward we are cautious but optimistic for this year. With managing our own properties + reasonably yields + tax rebate we have an okay cashflow across the three. Our plan is to sit tight for now and focus on lifting rents.


  5. #5
    Join Date
    Mar 2007
    Kapiti Coast

    Default New Starter

    Name: Liam Fay
    Location: Lichfield, England
    Age: 36
    Kids: 3
    Background: Kiwi from Wellington
    Occupation: Civil engineer (was once an apprentice & tradesman painter & decorator).

    Note: A new starter, very small compared to you blokes, but I hope this is useful to some other new starters.

    My first NZ investment was purchased in 2007, I had designed and built a 40m2 extension (no planning permission required!) on our house in Dublin, which we sold in 2007 and made a huge profit. We moved to England and sent some money home (have since converted our uk internal garage into another room increasing the house value). We purchased a couple of semi detached ex state house 2 beds on one title, positive cashflow. In 2008 we bought our second property, negatively geared but from my calculations only for 4 or 5 years then it will become positive.

    Got into property investment after reading Dolf de Roos (+ another co-author - Jan Somers) 'creating wealth though property investment' or some similar title. A great book, very good at explaining why property is better than shares or cash in the bank.

    Our goal is to buy at least one IP every year in NZ for the next 20 years and hold them. We hope to move back to NZ in the next 5-8 years (in the uk for family reasons) and start a business in a property related field (should be in a good position with my engineering and painting experience!).

    I live and breathe property, its something I really enjoy. I love reading these background stories, keep em coming.
    Last edited by muppet; 13-03-2009 at 08:35 AM. Reason: added co author
    We don't have the money, so we are going to have to THINK - Peter Blake

  6. #6
    Join Date
    Sep 2004

    Default The Low Down

    Got into passive-income-through-PI by accident.
    First tenant was a family member. Since that
    ‘oops – golly, gosh’ start, have added another
    residential and two commercial, to give a total
    of four. Presently, no plans for any more. No
    property managers involved.

    Current DER* 5:95. Forecast DFD** is 1 Nov 2011.
    Other income streams/ventures include some
    primary production, leased grazing and coppice
    firewood production.

    Helped by many years of self-employment,
    which, with the aid of a good accountant, gave
    me a fair knowledge of structures. Still made
    some horrible mistakes, though. No significant
    course attendances. Getting close to qualifying
    for the pension.

    Helpful Books Recommended*** (my chosen order of merit)

    Fiona Clayton-Law
    What Your Accountant Doesn’t Tell You (Tax, Wealth & Equity)
    Dolf de Roos
    Real Estate Riches
    Robert Kiyosaki
    Rich Dad, Poor Dad
    Frank Saxton
    Landlording in New Zealand

    * Debt/Equity Ratio
    ** Debt-Free-Day
    **Unfortunately, that date has changed.
    . . . .Still before the pension - I hope.
    *** Too many books can become a bad habit
    Last edited by Perry; 15-06-2011 at 10:09 PM. Reason: Changed circumstances amendments
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  7. #7
    Join Date
    Jun 2005


    This could have been an interesting thread if people weren't so private.

    Come on folks lets hear some more of your profiles.

    Come on out and play. It is all fun.

  8. #8
    Join Date
    Nov 2006


    Quote Originally Posted by NZGEMS View Post
    Come on out and play. It is all fun.
    And permanent. Sorry. No go from me.

  9. #9
    Join Date
    Aug 2008


    Name - Grant Brown
    Age - 34

    Built our first home early last year, then decided to use some of the equity to buy a rental property, the property is cash flow postive. We are managing it our selves and enjoy the hands on approach as we have learnt alot from managing it. Intend to pay off $70k - 90k of home loan next year and then refinance and use the cash to buy more properties, goal is to get two more rental properties next year.
    Really enjoy investing in property and cant understand why more people dont do it.
    Last edited by Clark Kent; 14-07-2009 at 02:07 PM.

  10. #10
    Join Date
    Jan 2005


    Name Toby Yorke (toby)
    Age - 36 years (2009)
    Location - Warkworth
    Years Investing - 13
    Types of Investing - Property, (buy and holds, trades, renos, wraps, on-selling contracts, and business (Web Design).

    Background - Left school and decided to join the Army but prior went and worked on an Orchard and in a Restaurant. Traveled around Europe for a few months then returned and joined the NZ Army.

    Spent 7 years there, did a stint in Bosnia, represented the Army shooting etc. Changed trade and got a qualification as a Canvas Fabricator then left.

    In my time I have worked as a/in...
    Orchard worker
    Kitchen hand
    Security guard
    Asbestos removal
    Real estate agent
    Door to door sales
    Canvas fabricator
    (Plus probably others?)

    Bought my first property in about 1995/96 then a couple others. Did nothing until about 2000/01 when I went to a John Burley event.
    Left in the Army in '99 and went traveling again and met a guy who gave me Rich Dad / Poor Dad, read it and thought - hmmm.

    Flipped my first home in 2000/01 and made more money than a years wages - but went back to having a job - go figure?

    Tried quitting having a job a number of times and doing real estate full time but didn't have the confidence or mind set.
    Eventually got it off the ground in about 2003.

    I've lost shit loads of money, screwed it up and failed to learn lessons again and again.
    I have just kept going, failing forward.

    Made a good chunk of change only to learn I had climbed the ladder up the wrong wall.
    Currently have a good size portfolio though to be frank it means little because CASH FLOW IS KING!

    Have learnt to follow those who have the outcome you want, not those that proport to have.

    Currently building an awesome Web Design (Geek Speak) company with a friend of mine and friends of her's.

    Have been to events by...
    Ron LeGrand
    John Burley
    Robert Allen
    Brad Sugars
    Olly Newland
    Robert Kiyosaki
    Dolf DeRoos
    (Plus others?)

    Best piece of advice - W.E.T attitude - What Ever it Takes.
    Follow those who have the outcome you want.
    Do what you want to do, not what others want you to do and don't do things to look good - play your own harp.
    Last edited by toby; 08-08-2009 at 08:45 PM. Reason: typo


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. edit profile
    By sideeffect1987 in forum Australia
    Replies: 5
    Last Post: 09-01-2019, 11:37 AM
  2. How do i update personal info in profile?
    By grego99 in forum About PropertyTalk.com
    Replies: 6
    Last Post: 02-06-2016, 06:36 PM
  3. Message: you cannot edit your profile
    By forbsie in forum Forum Help Guides
    Replies: 0
    Last Post: 26-06-2014, 10:16 PM
  4. No permission to edit Profile?
    By JonnoM in forum Forum Help Guides
    Replies: 2
    Last Post: 11-01-2013, 08:42 PM
  5. How do I get rid of my Profile?
    By PPI in forum Property Investment (NZ)
    Replies: 5
    Last Post: 30-03-2009, 08:45 PM
  6. Who's done what with their Wealth Dynamics Profile
    By Gerrard in forum General (NZ)
    Replies: 15
    Last Post: 14-11-2006, 08:03 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts