PropertyInvesting.com | FlyHigh | Activity https://www.propertyinvesting.com/members/flyhigh/activity/ Activity feed for FlyHigh. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5b65fa39fe5779e22f320c5eb709c81a FlyHigh replied to the topic NZ Investment - does this look ok? in the forum No Subject https://www.propertyinvesting.com/topic/4377109-nz-investment-does-this-look-ok/#post-4496188 Mon, 29 Nov 2004 23:21:42 +0000 Sorry all for my slackness in any responses on this – my computer had a meltdown for a few days!

Although CoCR may seem low, remember this is after tax and is higher than all other properties I have seen for sale in NZ. I also got valuations showing that we are paying much less than their valuation so expect capital growth in there.
The numbers…[Read more]

]]> 570491a0c11b23c410ea687aac4901a4 FlyHigh replied to the topic Property Management in the forum Help Needed! https://www.propertyinvesting.com/topic/4377100-property-management-3/#post-4496140 Tue, 23 Nov 2004 07:59:26 +0000 For my properties rental managers must:
1. Think of tenants as their income source (thru me) and therefore treat them with due respect
2. Be proactive in managing tenants to ensure issues are addressed (or raised up to me for further attention)
3. Not just collect the rent (that’s the easy part)
4. Be willing to take my input and not just do…[Read more]

]]> 749ea61775a2dccb48a68a2c4957f43d FlyHigh replied to the topic NZ Investment - does this look ok? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377109-nz-investment-does-this-look-ok/#post-4496183 Tue, 23 Nov 2004 06:54:27 +0000 I live in Melbourne and the properties would be managed locally in Dunedin by a property manager. Rooms would be rented out individually in the 8 bed house and either indivdually or to a group of 5 persons in the other 2 houses.
Around 930k for property 1 and around 400k for property 2.

FlyHigh

]]> ab24f10ab280c958c3fc7280780cc145 FlyHigh replied to the topic Determining fair price for block of units in the forum Help Needed! https://www.propertyinvesting.com/topic/4377020-determining-fair-price-for-block-of-units/#post-4495655 Tue, 16 Nov 2004 01:43:40 +0000 SnowGum

I just picked up a block of 6 units in NZ and had the same concern as you before purchasing them. I looked at the cap rate (rent return) for the area to confirm that the price I paid was correct and also applied that rent return against individual units for sale or sold in the area to cross check that the price was correct.
Suggest you…[Read more]

]]> 3052c76203630c3e790b4be105885048 FlyHigh replied to the topic Risk: Positive cashflow but declining population in the forum Help Needed! https://www.propertyinvesting.com/topic/4376636-risk-positive-cashflow-but-declining-population/#post-4493852 Sun, 24 Oct 2004 08:00:19 +0000 Census data doesn’t paint the picture of the town today (some 3 years later). You should also look at industry and job opportunities in and around the town. If industry is closing then that is a cause for concern.
Suggest you search for any recent news on the town.

FlyHigh [cap]

]]> 5730da51f297d70fb51d297ac2726c5e FlyHigh replied to the topic Maps in the forum Help Needed! https://www.propertyinvesting.com/topic/4376577-maps-2/#post-4493506 Wed, 20 Oct 2004 06:19:55 +0000 At his Melbourne launch he said he is taking a break for a few months and may annouce another venture early next year. Also said he does not intent to do that type of format again as it takes up a considerable amount of his time.

FlyHigh [cap]

]]> 3bebae4f746e23fea972ff77702a5c80 FlyHigh replied to the topic Is it true? 0 to 130 properties in 3yrs? in the forum No Subject https://www.propertyinvesting.com/topic/4376520-is-it-true-0-to-130-properties-in-3yrs/#post-4493229 Sat, 16 Oct 2004 06:27:46 +0000 The book is not another Robert Kiosaki type book. It discusses Steve’s approach to investing for positive cashflow rather than the traditional negative gearing. He talks about the different ways to make an investment work and some of the areas he invested in (although most of those would not have the same opportunity today).

Absolutely worth…[Read more]

]]> c7108405bed170a1e6514a7cb58fe458 FlyHigh replied to the topic NZ & Aus Tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4376510-nz-aus-tax/#post-4493120 Fri, 15 Oct 2004 02:55:59 +0000 Scotty B

NZ tax year is April 1 to March 30

NZ tax department will not send you a letter as it is a self assessment system like Australia.

So basically after April 1 each year you submit a NZ tax return and pay/receive whats owed/owing. Then in Australia after June 30 you do the same except you also add your NZ income and claim a credit for…[Read more]

]]> c874f9d8c46c9a150270e011eb2c7834 FlyHigh replied to the topic NZ & Aus Tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4376510-nz-aus-tax/#post-4493117 Fri, 15 Oct 2004 02:20:35 +0000 You will need to submit 2, 1 for your NZ properies in NZ and 1 for your Australian income and NZ properties in Australia.

Tax agreements between the 2 countries means you get a credit for tax paid in NZ for your Australian tax return.

FlyHigh [cap]

]]> bb5700979d2802be6ff68c01f589d6af FlyHigh replied to the topic Bird-Dogging in the forum Help Needed! https://www.propertyinvesting.com/topic/4376494-bird-dogging/#post-4492992 Thu, 14 Oct 2004 12:48:39 +0000 Bird dogging is +ve CF property spotting on behalf of others (for a fee of course). Westan and MiniMogul do it in NZ, and there are others out there.

FlyHigh [cap]

]]> 536798d967e09c1c59efcba5506352ab FlyHigh replied to the topic Steve here are the latest U.S. websites in the forum Heads Up! https://www.propertyinvesting.com/topic/4376269-steve-here-are-the-latest-u-s-websites/#post-4491753 Tue, 12 Oct 2004 03:37:02 +0000 JD

Here is a NZ list (thanks to propertytalk.co.nz), I don’t have a comprehensive Australia list at this stage:

1. Kieran’s property graph for the last 20 yrs.
http://www.propertytalk.co.nz/modules.php?name=Content&pa=showpage&pid=76

2. Buyers Agents
http://www.richmastery.co.nz/defaultNZ.asp (ESC’s…[Read more]

]]> 2adbb7f7744e19d6636892ba17d8d6c5 FlyHigh replied to the topic Accountant in the Brisbane area?? in the forum Finance https://www.propertyinvesting.com/topic/4376442-accountant-in-the-brisbane-area/#post-4492659 Mon, 11 Oct 2004 22:30:54 +0000 I have used Sanjay Chotais in Toowong 3371 7633, very knowledgeable

FlyHigh [cap]

]]> 70df51b0323e691bbcd8546a666bcf1f FlyHigh replied to the topic Melbourne Property Expo in the forum General Property https://www.propertyinvesting.com/topic/4376432-melbourne-property-expo-2/#post-4492613 Mon, 11 Oct 2004 03:17:04 +0000 It’s at home, I’ll PM you tomorrow with the name

FlyHigh [cap]

]]> 3c0dade4645fdae178c41b9664f181d6 FlyHigh replied to the topic CGT if I sell in the forum No Subject https://www.propertyinvesting.com/topic/4376437-cgt-if-i-sell/#post-4492626 Mon, 11 Oct 2004 02:28:33 +0000 I believe you can rent it our for up to 6 years after having lived in it without paying CGT, so long as it is still your PPOR.

FlyHigh [cap]

]]> a3835a6c201eab7f246af9eafdd8bd2b FlyHigh replied to the topic Melbourne Property Expo in the forum No Subject https://www.propertyinvesting.com/topic/4376432-melbourne-property-expo-2/#post-4492611 Sun, 10 Oct 2004 13:27:05 +0000 Sure

Eg one company matches up tenants with yr IP and puts the tenant on a lease to purchase contract where they manage the whole process from start to finish (over a 7 year period). They charge the tenant a fee and the owner.

Or another that locates land in the UK that does not as yet have any planning approval for residential housing. The…[Read more]

]]> 9952a504784eda2a982c97c8e6eb1ec5 FlyHigh replied to the topic Melbourne Property Expo in the forum General Property https://www.propertyinvesting.com/topic/4376432-melbourne-property-expo-2/#post-4492609 Sun, 10 Oct 2004 12:43:56 +0000 I went today

Heaps of sales pitches but also some interesting presenters. Guy from Residex gave some interesting stats on rental markets and their hot picks for capital growth in Melbourne, Brisbane, and Sydney.
I was amazed at the concepts businesses come up with to flog real estate!
Also heard the capital gains vs +ve CF arguments

Cheers
FlyHigh [cap]

]]> b432a16177eceb7ef3b8b9434cc71b93 FlyHigh replied to the topic cash poor with equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4376407-cash-poor-with-equity/#post-4492493 Sat, 09 Oct 2004 08:07:56 +0000 You could try redrawing the loan on your PPOR if you have one, or borrow against the equity but lenders need evidence of repayment ability also.

Suggest you talk to your / a lender to see what options they can offer

good Luck!

FlyHigh

]]> abe37bfe07abe1ac0a8f6b5a6662c2de FlyHigh replied to the topic EQUITY IN YOUR INVEST PROP in the forum No Subject https://www.propertyinvesting.com/topic/4376412-equity-in-your-invest-prop/#post-4492516 Sat, 09 Oct 2004 07:49:46 +0000 If lender has valued IP at $320k then would expect them to loan up to 80% of value therefore you could get another $41k (max loan amt 256k less current loan of 215k)

FlyHigh [cap]

]]> 1f565bf318d752c370f23d6680213853 FlyHigh replied to the topic Waikato any good? in the forum Help Needed! https://www.propertyinvesting.com/topic/4376077-waikato-any-good/#post-4490256 Mon, 20 Sep 2004 11:28:36 +0000 Thanks to everyone for their feedback, us NZ market learners appreciate the input.

FlyHigh

]]> af39ba89712f0418ef9354d96cdd9937 FlyHigh replied to the topic Waikato any good? in the forum Help Needed! https://www.propertyinvesting.com/topic/4376077-waikato-any-good/#post-4490252 Sat, 18 Sep 2004 05:36:33 +0000 Thanks for the info Muppet, I’m heading over in a couple of weeks to check things out. Will certainly look up those property agents.

Cheers

FlyHigh [cap]

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