a true friend is someone who listens to me when i talk about property. otherwise they can go jump!

kay – i agree. the tone is a bit of a worry. especially the bit about ‘better’ friendships because you are financially free.

rugby fan

yes mate and the sky is falling in…

im surprised sydney wont be in the third world in a few years….

if the system works, money goes to areas that need it!
thats why we have elections!

being a rugby fan you probably vote liberal(federal) so theres where you can start!!!

must admit i agree with fitness and 100 pct with steve.

if your growth personally and financially is different to your family, friends and peers it can be a difficult thing for them to handle.

once i understood this i learnt to manage my relationships better.

i reckon steves reply was spot on….

damon – im not sure why you went to see a planner. there are only three assets classes open to the average jo. you dont like shares/funds so all you got left is property and cash??? what else do you want to hear??

it sounds like the planner is giving good adevise although he needs to brush up on his salesmanship!

to the first bruce – i blve you will see more infrastructure being built in baby boomer areas. more hospitals, more cafes, better transport etc

richmond makes some good points

a few tips however. in order to make my interest payments the first thing i did was keep 10k in a seperate bank acct. due to the seasonal demand you need to have this buffer and then you just top it up when you get yr rent.

secondly a good way to rent out yr holiday house is a letter drop in yr local area. the…[Read more]

i agree with kay henry.

im not sure if the map participants are doing well, but for all concerned i really hope they are.

the map program was aggressively marketed on a tabloid tv show stating that people will be turned into ‘property millionaires’ very quickly under the tutorledge (spelling) of steve.

it wasnt subtle, it didnt mention fluffy…[Read more]

i agree with westan and housesonly

rememeber the majority of babyboomers have still yet to retire. this is a generational trend that is here to stay for a few decades…

i also reckon with terrorism, sars, and the fact that people are a bit ‘travelled out’ we aussies will be looking more in our own backyards for holidays. also its cheaper than…[Read more]

chan – its ok. i was just commenting lightheartedly and you understand that, so no heart feelings.

by the way you should check out my grammer sometimes – not pretty..

hehe

sorry mini i cant debate you on this one. when i wrote lucky – i didnt mean you were lucky when you found them i just mean that im not sure there are still heaps of 20 pct + properties around even in nz anymore. talk of a housing bubble there also in the news! i could be wrong though!

anyway i thought i was sticking up for all you/me +ve cashflow guys!!!

hi jars

heres why a holiday house is a great thing to have.

if its done properly your holidays are for free, you can make money and you can have somewhere to retreat to whenever you want.

holidays are for free! or close anyway. before i bought my holiday house we spent about 5-6 k per year on holidays. no longer. rememeber this 5-6 k is after…[Read more]

pisces and yack

g’day if your question is could we really be bothered trying to find +ve cashflow properties in this market, and if we do find them are they likely to be dumps – then i agree with both you and yack.

yack – thanks yr reply but i disagree. i agree that they are harder to find. and i also agree that what may have fitted the 11 second solution 5 years ago probably doesnt now.

but thats not the arguement. the question asked or infered relates to if positive cashflow is a good investment choice in the current market conditions. the answer is…[Read more]

chan – excellent last line – well done!!!

thanks yak

you dont like rural properties and the 11 second solution – that is understood. no problem.

however the cornerstone of this website is about buying cheap rural properties that at worst fit the 11 second solution.

my point is that if you dont like the 11 second solution you never will regardless of where the market is heading. this…[Read more]

rancid – 5 houses in 5 years – thats alot of stamp duty and associated costs…

i dont know too many people that buy and sell within 1 year and come out infront

cheers

REAL CASHFLOW PROPERTIES – CMON GUYS 15-20 PCT. WE KNOW THE ONLY PLACE YOU CAN GET THEM IS NZ AND THATS IF YR LUCKY. ITS LIKE SAYING THAT MY STRATEGY IS TO ONLY BUY STOCKS THAT WILL GIVE ME 10 PCT DIVIDENDS AND SIM CAPITAL GROWTH. IF YOU CAN FIND 15-20 PCT DEALS IN THIS MARKET THEN FORGET ABOUT WHAT YOUR STRATEGY GOING FORWARD IS – THIS SHOULD…[Read more]

g’day jarmbie

did your offer contain a clause saying subject to buyers acceptance of building inspectors report or something of the like. this will give you something to negotiate with.

on the other hand – just about any property will have a few problems with it after an inspector has gone through it with a fine tooth comb. if the problems with…[Read more]

hi

cashflow properties are still attractive. i think income rather than growth is the best bet for the next few years – big generalisation but what you dont want is little income (low yield) and poor if not negative capital growth.