• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 5 of 7 FirstFirst ... 3 4 5 6 7 LastLast
Results 41 to 50 of 63
  1. #41
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,915

    Default

    Given that one of PT's long-standing moderators lives in Tokora, that just has to make it a great place - right?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  2. #42
    Join Date
    Apr 2016
    Posts
    2,343

    Default

    I was wondering why M hadn't been in to put everybody straight?

  3. #43

    Default

    Talk to Fiona from Rent Assured about what makes a good rental. She's local and fussy :-)

    Good tips in this thread about keeping an eye on your fixed costs as a ratio to rent.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  4. #44
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default

    Check post 11 above.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  5. #45
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,613

    Default

    On Trademe, 4 to rent in Tokoroa!
    But also 120 for sale.

    An example of one for sale.

    Units, and agent saying 10% Gross Yield - which sounds good but obviously based on 52 weeks.

    7 owners since 2004, plus currently on the market! Gives you an idea of what investors have thought once they actually own it!

    Here would be my workings on cashflow

    Income:
    Rent - Weeks 46 22080
    Per week 160 3 units
    As a % of total house 8.83%
    Less Expenses:
    Accounting 1200
    Bank fees 50
    Body Corporate 0 If interest goes up
    Insurance 1500
    Interest Rate 5.00% 12,500 7.50% $18,750.00
    Property Management at 7.5% plus GST 1,904
    Rates 4779
    Repairs and Maintenance 2000
    Seminars
    Subscriptions
    Travel 500
    Total Expenses 24433.40 $30,683.40
    NET CASH SURPLUS (DEFICIT) -2353.40 -$8,603.40


    So in my opinion factoring in vacancy and fair expenses, it would be losing cash!
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  6. #46
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    815

    Default

    Quote Originally Posted by Rosco View Post
    On Trademe, 4 to rent in Tokoroa!
    But also 120 for sale.

    An example of one for sale.

    Units, and agent saying 10% Gross Yield - which sounds good but obviously based on 52 weeks.

    7 owners since 2004, plus currently on the market! Gives you an idea of what investors have thought once they actually own it!

    Here would be my workings on cashflow

    Income:
    Rent - Weeks 46 22080
    Per week 160 3 units
    As a % of total house 8.83%
    Less Expenses:
    Accounting 1200
    Bank fees 50
    Body Corporate 0 If interest goes up
    Insurance 1500
    Interest Rate 5.00% 12,500 7.50% $18,750.00
    Property Management at 7.5% plus GST 1,904
    Rates 4779
    Repairs and Maintenance 2000
    Seminars
    Subscriptions
    Travel 500
    Total Expenses 24433.40 $30,683.40
    NET CASH SURPLUS (DEFICIT) -2353.40 -$8,603.40


    So in my opinion factoring in vacancy and fair expenses, it would be losing cash!
    Great post ...i think I will stick to the main cities!

  7. #47
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,331

    Default

    Quote Originally Posted by Beano View Post
    Great post ...i think I will stick to the main cities!
    Hey Beano,

    Several people on here have done a story about how they got into property, what they did etc. up until the present day.

    Would you consider doing this?
    Squadly dinky do!

  8. #48
    Join Date
    Aug 2009
    Location
    All of New Zealand
    Posts
    837

    Default

    Only issue from a finance perspective is reselling if the buyer can't get Bank money. Non bank lenders do not like Tokoroa at all and limit the LVR to 70 possibly 75%.
    www.ilender.co.nz
    Financial Paramedics

  9. #49
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    815

    Default

    Quote Originally Posted by Davo36 View Post
    Hey Beano,

    Several people on here have done a story about how they got into property, what they did etc. up until the present day.

    Would you consider doing this?
    Hardly. ..unless it is called "my life as a mis-manager of property" made more mistakes than anyone I know.
    Really the truth is never done anything exciting but made many mistakes.
    Just lucky to hold high yielders when interest rates fell

  10. #50
    Join Date
    Sep 2014
    Location
    South Canterbury
    Posts
    513

    Default

    Quote Originally Posted by Beano View Post
    Hardly. ..unless it is called "my life as a mis-manager of property" made more mistakes than anyone I know.
    Really the truth is never done anything exciting but made many mistakes.
    Just lucky to hold high yielders when interest rates fell
    But that is where the real learning for investing comes from Beano, lessons for others to learn from and maybe avoid themselves.

    Craig


 

Thread Information

Users Browsing this Thread

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

Similar Threads

  1. Tokoroa
    By essence in forum Property Investment (NZ)
    Replies: 1
    Last Post: 07-02-2010, 10:47 PM
  2. Tokoroa: One for Muppet.
    By Glen in forum Forum Funnies
    Replies: 7
    Last Post: 26-03-2009, 07:48 PM
  3. New web site for Tokoroa
    By muppet in forum General (NZ)
    Replies: 6
    Last Post: 15-03-2009, 01:32 PM
  4. Just registered, Tokoroa.......
    By flip in forum General (NZ)
    Replies: 3
    Last Post: 20-11-2008, 09:37 AM
  5. Anyone in Tokoroa?
    By No Regrets in forum Tenant Stuff (NZ)
    Replies: 0
    Last Post: 04-04-2006, 12:11 PM
  6. Tokoroa
    By stevedonnelly in forum Property Investment (NZ)
    Replies: 6
    Last Post: 30-03-2005, 11:40 PM
  7. New Tokoroa Sawmill?
    By muppet in forum General (NZ)
    Replies: 5
    Last Post: 08-11-2004, 09:44 PM
  8. Tokoroa on the move
    By Timbo in forum Property Investment (NZ)
    Replies: 3
    Last Post: 05-05-2004, 08:37 PM
  9. Tokoroa Property
    By muppet in forum Property Investment (NZ)
    Replies: 10
    Last Post: 24-03-2004, 11:07 PM

Tags for this Thread

Posting Permissions

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