Hi Devil,

I wouldn’t touch the units in Wembley with a barge pole. There are som many of them and there is no unique or WOW factor to accelarate their growth.

I know of people who have owned units in the area and have made no money over a long period of time.

The availability of future and long term tenants would have to be questionnable as…[Read more]

Hi Pursefattener,

As a guide:

A depreciation report in Australia can be purchased through Deppro for ~$440 when I last bought one. Scott (AKA Depreciator) charges around $700 (from memory) and will refund the fee if they cannot get refunds with a value higher than their fee.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Joni,

Congratulations on wanting to ‘do something’ for your future – you are already ahead of the pack. The challenge is for you to actually do something as distinct from someone who just wants to do something. There is a big gap between wanting and doing.

I would advise you to work out what you really do want to achieve and how. There are…[Read more]

Hi Realdeal,

You have asked the same question in this link

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9939

Sugest you delete this thread so the repsonse to your question are in the same thread

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Pursefattner,

I was anticpating some of the New Zealand investors may have been able to point you in the right direction with this one. So I’ll be upfront in saying I am only passing on ‘what I have heard’ and as such you will need to check the situation out.

As I understand it any tax deductions you earn in New Zealand can only be offset…[Read more]

Hi Realdeal,

I think you need to work out what your investment beliefs and philosophy are as this will largely determine where you will invest.

I am sure that experienced investors will find a suitable ‘deal’ (according to their beliefs) almost anywhere – however whether or not it is a good deal for you is another matter – and that is where you…[Read more]

Hi Robo,

Certainly younger families with kids in tow would almost demand a bath. Whereas it is possible lots of singles or students or young marrieds etc may be perfectly comfortable w/o a bath.

I would seek the counsel of a local PM (not from the selling agency) to find out what the demographics of typical tenants in the area is. Ask them how…[Read more]

Hi Nandos,

It seems to me you need to listen to your alarm bells or take extra steps to ascertain they are bona fide. Based on your comments to date this is difficult to imagine.

If you are this wary it is highly likely you will continue to be dubious for some time. As property should be considered a long term investment then you may well have…[Read more]

Hi Russ,

To me friendship comes above any possibility that I could make something out of their situation so to me this is a no brainer scenario.

After commiserating with them and offering my apologies I would also tell them not to do anything with the house until they had spoken to me.

After talking to them when they are ready I would talk to…[Read more]

Hi Karen,

It is highly likely that you will have to look further a field than your immediate area and you will have to develop relationships with real estate agents in the areas of your choice.

Find an agent you are happy working with and talk to them about what you are seeking – be firm in this – and they will, in all probability, give you a…[Read more]

Hi Avranjes,

This topic is being discussed in another thread – here is the thread.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9746

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Shane,

You need to look a little further than simply looking at your weekly cashflow on your existing properties.

Sure they may be ‘costing you’ money each week – but if they have grown by more than they cost then you are in front – consider it a little like savings and placing money away to be used later or even better releveraged into…[Read more]

Hi Gaz-Ed,

I know this sounds harsh but……….

As you have already been burnt by either poor advice, misinformation or ignorance I would think that this really does highlight the need for professional advice to be taken when buying and selling property.

I consider an accountant’s bill an investment when it has the potential to save many…[Read more]

Hi Project,

I suspect this month no change and next month +.25%.

NZ interest rates have just gone up 0.25%, USA predictions are upwards and as soon as USA goes so will we.

Certainly looming Federal election will create some dooubt but I believe McFarlane has the runs on the board and a good track record (IMHO) and more importantly to raise if…[Read more]

Hi Yack,

The issues of quality control and colour selection come to mind.

One of our properties had the bedrooms painted (poorly I might add) in some rather individual colours. At the moment everything is fine as the tenant is still there – but as soon as he moves out I and wife will be off to do some therapuetic painting.[biggrin]

And then the…[Read more]

Hi Dimind,

Have you spoken to your PM?

Has your tenant done a ‘runner’ without paying or are they just leaving early?

Depending on which of the events led to the lease break will determine the course of action you need to take.

I am assuming they have done a runner and owe money – get in touch with your landlords insurance company and start a…[Read more]

Hi wejons,

Buying a property with the sole purpose of reducing tax has to be considered a little silly to say the least. If however you fully research an area and find a property with all the indications of realising growth in excess of the negative cashflow then I would consider that you are in front at the end of the year.

For me growth is my…[Read more]

Hi Redilia,

And do not be seduced by thinking annual rent reviews (in line with market?) means the rent always goes up.

I do know of investor who found their rental income reduced.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Sonja,

There is no legal obligation – you are the customer in this scenario. And you ‘moral onligation’ is determined by you and your beliefs.

For me I would deal with the ‘best’ agent – however you determine that. Just remember they will all still be acting on the vendors behalf and not yours.

Extreme example but would you deal with the…[Read more]

Hi Acey,

Ninemsn, Somersoft and here it seems they are extremely good.

8% finders fee + REA commission?

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.