PropertyInvesting.com | JJandJo | Activity https://www.propertyinvesting.com/members/jjandjo/activity/ Activity feed for JJandJo. Mon, 13 Apr 2026 16:23:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5b1d57ea8c6c320a981600c5cc3b8419 JJandJo replied to the topic Exiting the Buffalo Market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389290-exiting-the-buffalo-market/#post-4566210 Sat, 01 Sep 2007 05:43:37 +0000 Thanks to all for the feedback.We got appraisals that came up quite well with respect to what we paid. One was actually a lot higher! But you can only get what someone is willing to pay you for them. For those who sold, did you get prices close to the appraisals?What are the sales costs?We bought through Dan, and had our dealings with Seth, so we…[Read more]

]]> 87c2c4528d97c1ed7c8741a44495f390 JJandJo replied to the topic Exiting the Buffalo Market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389290-exiting-the-buffalo-market/#post-4566198 Sun, 22 Apr 2007 02:56:37 +0000 ChadThanks for the info. Yes, we paid retail with about a 20% gross ROI. To be honest we have been reasonably lucky with the returns though we were hoping for better. Financing was the hardest nut to crack. That took over a year and I still feel we were made to jump through hoops for big fees.CheersJJ&Jo

]]> 7ab973b9ce62d4d09a0bc6809e49a83c JJandJo replied to the topic Tax Professional - USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4387024-tax-professional-usa/#post-4555687 Tue, 07 Nov 2006 06:43:06 +0000 thanks for the advice guys. That gives me all i ned to know to get it done.
Cheers

JJ&Jo

]]> 94f4c4e4f966b35be734a229fd920e95 JJandJo replied to the topic Buffalo properties in the forum Overseas Deals https://www.propertyinvesting.com/topic/4387014-buffalo-properties-2/#post-4555652 Tue, 10 Oct 2006 05:18:23 +0000 We have a few properties in Buffalo and so far it has been a fair return. Not as good as expected or as hoped, but nevertheless worth it.

We have had appraisals done recently after about 1 year and the prices have gone up probably 10% on average with the best being 23%! A couple of others actually went down a bit so it depends on tha area the…[Read more]

]]> 71dc65f1e5704ef68cf072b7d2d7c4bb JJandJo replied to the topic news from USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385953-news-from-usa/#post-4550786 Wed, 28 Jun 2006 00:24:13 +0000 Great news Solomon! We did the same last year, twice! I’m looking forward to further news from you as to how things turn out on your trip.
Cheers
JJ&Jo

]]> 5aae2f5200888f8f34e139b822ceee70 JJandJo replied to the topic Extra bedroom - Council/Body Corporate permission? in the forum Creative Investing https://www.propertyinvesting.com/topic/4382411-extra-bedroom-councilbody-corporate-permission/#post-4530883 Tue, 27 Sep 2005 02:25:20 +0000 Thanks for the replies. It seems caution and research is the best approach.

Cheers

JJ&Jo

]]> 44cb049b055bacebfb74a9e858fc2ced JJandJo replied to the topic Splitting the profit? - Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4382330-splitting-the-profit-help/#post-4530285 Wed, 21 Sep 2005 03:34:34 +0000 Partner A claimed the tax benefits. But I think because it was occupied for part for some of the time it is not subject to CGT. But we will check.
thanks

]]> 5b79b0adc383df5161f7469b3613c192 JJandJo replied to the topic Splitting the profit? - Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4382330-splitting-the-profit-help/#post-4530283 Tue, 20 Sep 2005 22:57:53 +0000 Thanks very much for the advice. How would we factor in the rent free period? I can value it easily, but I’m not sure how to include it in the calculations.
Thanks

]]> 261fc7f2fea8c090dfbbf9595f2f885e JJandJo replied to the topic Splitting the profit? - Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4382330-splitting-the-profit-help/#post-4530281 Tue, 20 Sep 2005 07:23:20 +0000 Simon
Thanks for the advice. It is family, so we just jumped in with no idea of any issues down the track. A written agreement up front is the only way to go.

Cheers

JJ&Jo

]]> 49e589750ab7374a3272c71b85ff076f JJandJo replied to the topic Splitting the profit? - Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4382330-splitting-the-profit-help/#post-4530279 Tue, 20 Sep 2005 05:37:14 +0000 Simon
The only agreement was that they would share in any capital gain if one was realised.

JJ&Jo

]]> 08379a3dfd472cddbfeacdc3185d8d0b JJandJo replied to the topic Price or Terms. Never both. in the forum General Property https://www.propertyinvesting.com/topic/4379948-price-or-terms-never-both/#post-4513806 Fri, 29 Apr 2005 03:46:16 +0000 Steve

I heard it said at your Seminar last Sunday and forgot to put it as a question!

Thanks

JJ

]]> ee6e39020e41fc3d0e89d81963b38a0f JJandJo replied to the topic bedrooms 2 into 3 in the forum Value Adding https://www.propertyinvesting.com/topic/4379807-bedrooms-2-into-3/#post-4512975 Fri, 29 Apr 2005 03:12:18 +0000 It should not cost more than say $3k-$5k. But the impact on the price of the IP could be close to $20k. Well worth the effort!

Good luck
JJ

]]> 8da40503ae56d459637f96a6bfaa8017 JJandJo replied to the topic WHAT IP GIVE POSITIVE GEARED or HIGH CAPITAL GROWT in the forum Help Needed! https://www.propertyinvesting.com/topic/4379915-what-ip-give-positive-geared-or-high-capital-growt/#post-4513603 Fri, 29 Apr 2005 03:04:08 +0000 A good place to look is Residex. They have the statistics for many postcodes for the whole of Australia. You can select it by the top 10 growth areas for example. But it is not a clear indication of what will happen in the future.

Good luck
JJ

]]> 552244e4627fa663d5921f0cdefd2cdb JJandJo replied to the topic 11 Second Rule Not Relevant to NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4379937-11-second-rule-not-relevant-to-nz/#post-4513695 Fri, 29 Apr 2005 02:46:30 +0000 Aptam
My experience in NZ is that you can no longer buy +CF proerties with decent net returns. You have to do something a bit more creative to get them to be viable.

In answer to your question, A lot of peopple are buying them at about 10% in the hope of capital gains. Speculators. Over the last few years that strategy has been quite successful.…[Read more]

]]> 46116ac5ac27f66c2205d4cb78f14f94 JJandJo replied to the topic Student starting out in the forum No Subject https://www.propertyinvesting.com/topic/4379905-student-starting-out/#post-4513464 Thu, 28 Apr 2005 02:15:09 +0000 Save cash and gain knowledge until you are able to do something. Then start out small, so the risk is not huge. You can still find opportunities for under $100k.
Good luck
JJ

]]> 16c7415ba6f825f8a56861b59585d61f JJandJo replied to the topic Subdividing in NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4379843-subdividing-in-nz/#post-4513125 Wed, 27 Apr 2005 10:40:23 +0000 Dear Redfish

Make sure you are aware of the council regulations in relation to the minimum dimensions for subdivision. Go to the relevant council and ask the planner if what you want to do is feasible. Depending on where you are, there are a lot of council charges for each approval. In the northlands district you are looking at about NZD…[Read more]

]]> b7e896eff8dcfc0b607cb021cb35e1ec JJandJo replied to the topic Tenant leaving in the forum Help Needed! https://www.propertyinvesting.com/topic/4379908-tenant-leaving/#post-4513499 Wed, 27 Apr 2005 10:30:32 +0000 To the best of my understanding, the bond can be used in lieu of unpaid monies. To this point, you need to apply to the rental bond board and state your case. Your managing agent may also be able to help to facilitate this process.

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