PropertyInvesting.com | lazyboy | Activity https://www.propertyinvesting.com/members/lazyboy/activity/ Activity feed for lazyboy. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8ab52c7db731287f89497d799659071d lazyboy replied to the topic P I magazine 2.4 mil in two years in the forum General Property https://www.propertyinvesting.com/topic/4377976-p-i-magazine-2-4-mil-in-two-years/#post-4502018 Thu, 13 Jan 2005 05:25:47 +0000 Hi.
Hey Zen, you are completely correct. I most likely couldn’t get the same results if I started today, that’s why I’m not starting today! and also why I have cashed up my IP’s. The great thing about residentaial property is that there are ways of completely eliminating your risk,(buy +cf in good areas where the demand is certain, etc.) The…[Read more]

]]> 33c76ec3b33e412509dc4e6efac9c33a lazyboy replied to the topic P I magazine 2.4 mil in two years in the forum General Property https://www.propertyinvesting.com/topic/4377976-p-i-magazine-2-4-mil-in-two-years/#post-4502015 Wed, 12 Jan 2005 09:24:42 +0000 I havn’t read the article, but might have a similar story. Two years ago at 28 years old and with about $250k equity I gave up work to invest in res property, after 1 year my wife also left work. It’s great, in fact have just sold the last of our properties to invest in other things. In two years I purchased property worth about 2.5m. Last year I…[Read more]

]]> 9ba5d51743cbd3f95e99159f7f314cec lazyboy replied to the topic New Zealand 2005 in the forum Overseas Deals https://www.propertyinvesting.com/topic/4377902-new-zealand-2005/#post-4501512 Tue, 11 Jan 2005 10:52:24 +0000 Hi all.
I’m a kiwi (don’t hold that agaist me!) and have just sold all 10 of my IP’s. Not that I have lost faith in res property, I just think it will be a long time before we see any real captial gain after two very strong years. Most of my properties had doubled in the last 18 months so I’m taking the gains (tax free) and looking at other…[Read more]

]]> 5c9082d16d07617b92e73308b1e1aa43 lazyboy replied to the topic Well ... it finaly happened in the forum General Property https://www.propertyinvesting.com/topic/4377299-well-it-finaly-happened/#post-4497323 Wed, 08 Dec 2004 09:17:12 +0000 Hi, does this land tax apply in every state ? Queensland ?

]]> 12b17470d56cc6b86fdc00a2b392442f lazyboy replied to the topic How to continually find money for deposits? in the forum General Property https://www.propertyinvesting.com/topic/4370222-how-to-continually-find-money-for-deposits/#post-4446103 Sat, 03 Jan 2004 00:48:59 +0000 Hi HappyBandit,
Your question really is “how can I recycle my deposit ?”
when buying property I look firstly at how quickly I can pull the total money invested back out again, then after this I look at cash flow.
The easist method to do this is to buy under market value or a property that can have value added. Borrow 100% of the purchase price…[Read more]

]]> 397fb6a71b9ca3551eed40a36bcbade9 lazyboy replied to the topic **PropertyGuru** New Positive Cashflow Rule in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369996-propertyguru-new-positive-cashflow-rule/page/2/#post-4444395 Tue, 23 Dec 2003 10:50:53 +0000 Hi Kay,
In NZ properties that meet my 2.5 rule can still be found quite easly !!! it’s just a matter of picking locations that will give low vacancies and better growth prospects. Happy hutting[;)]

]]> 013009e5a86640d5dea41513c9f09c7e lazyboy replied to the topic **PropertyGuru** New Positive Cashflow Rule in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369996-propertyguru-new-positive-cashflow-rule/page/2/#post-4444392 Tue, 23 Dec 2003 05:20:29 +0000 Hi,
I’ve always used this rule : purchase price divided by 1000(knock off three zeros) times 2.5 = weekly rent. eg $100,000 rent at $250 pw, $60,000 rent at $150pw. etc.
This is abit simpler than the S.I.S rule, after all it is only to knock out properties that arn’t worth looking at in more closly

]]> 9ae79f5a976d44730e4c23e21a8ce9ef lazyboy replied to the topic Profit Program in the forum General Property https://www.propertyinvesting.com/topic/4370023-profit-program/page/3/#post-4444637 Fri, 19 Dec 2003 02:23:47 +0000 Me too, thanks a million ross.katrina(at)xtra.co.nz

]]> eb5a94e81e9c927fb2f99aedfa0ceea0 lazyboy replied to the topic i've been emailed some deals in the forum General Property https://www.propertyinvesting.com/topic/4369768-ive-been-emailed-some-deals/page/2/#post-4442854 Sun, 07 Dec 2003 09:46:24 +0000 Familyfirst,
mate !!! where have you been looking in NZ if you can’t find +cash IP’s ? Every town in the country has them (some you wouldn’t really call towns [:D])Don’t get lazy eh !

]]> 783115b523d46f3c96d5a450b9574cc3 lazyboy replied to the topic What is LIM? in the forum General Property https://www.propertyinvesting.com/topic/4369874-what-is-lim/#post-4443341 Sun, 07 Dec 2003 04:30:06 +0000 Hi Sue,
(LIM) = land information memorandum. A LIM is availble from the local district council and contains info concerning the property ie rates, water charges, stormwater drains, concents, certificates and any special features or characteristics that are knowen to the council.
Cost = $200-$300 and take 5-10 days.
Forms an important part of Due diligence

]]> 57a1d843d20eebaa1cf7f91895749aba lazyboy replied to the topic Interest Rate Increase in the forum No Subject https://www.propertyinvesting.com/topic/4369775-interest-rate-increase/page/2/#post-4442906 Thu, 04 Dec 2003 08:59:08 +0000 I should pick horses ! RBNZ leaves OCR at 5%[^]

]]> f08a00756b45fe695a1f81d39185234a lazyboy replied to the topic Help! line of credit for investing? in the forum General Property https://www.propertyinvesting.com/topic/4369783-help-line-of-credit-for-investing/#post-4442938 Thu, 04 Dec 2003 02:00:09 +0000 Hey Bear,
You can add Value by 1001 different ways, the more “bang for your buck” the better. Mow the lawns and tidy up the grounds is a good start, paint ( talk to a paint shop about mis-tinted paint, it’s cheap), carpert, carport or I’ve found getting a decent tenent with good furniture always makes the place appear much nicer so in turn…[Read more]

]]> 2a830cd7325630c5be7a96c7a814d49d lazyboy replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/2/#post-4442229 Wed, 03 Dec 2003 05:22:13 +0000 New Plymouth, New Zealand

]]> 35abca1b80b682c78ad4357fd162eb3c lazyboy replied to the topic Help! line of credit for investing? in the forum No Subject https://www.propertyinvesting.com/topic/4369783-help-line-of-credit-for-investing/#post-4442932 Wed, 03 Dec 2003 04:55:59 +0000 Yes I use a LOC over my PPoR to buy IP into, I add value then mortgage the property to pay back the LOC account, then buy next property into LOC. The advantage of this is you can act quickly when you see a deal you like and it keeps your equity revolving.

]]> f96103df97898573a7ebccd478b9dd06 lazyboy replied to the topic Interest Rate Increase in the forum General Property https://www.propertyinvesting.com/topic/4369775-interest-rate-increase/#post-4442903 Wed, 03 Dec 2003 04:23:06 +0000 Westan,
Had any more thoughts on “S….” and “W….” in NZ.

]]> 9210c6991f1a76c41921a46b69d133b7 lazyboy replied to the topic Interest Rate Increase in the forum General Property https://www.propertyinvesting.com/topic/4369775-interest-rate-increase/#post-4442902 Wed, 03 Dec 2003 04:18:59 +0000 My pick is that they will leave it at 5% untill end of Jan, But with the Aussie going another .25 it will put even more pressure on . Inflation is not a problem at present, so the only reason they will lift it is to slow the property market down

]]> 6c41dc7fbd2d9ec217e7b7aef7817e41 lazyboy replied to the topic Interest Rate Increase in the forum General Property https://www.propertyinvesting.com/topic/4369775-interest-rate-increase/#post-4442900 Wed, 03 Dec 2003 03:48:52 +0000 Any bets on the RBNZ rates due tomorrow ?? as nz is now lower than Aussie’s. When was the last time that happened [?]

]]> 0015db0ba23925a92887e35870c782f4 lazyboy replied to the topic Anyone bought thru "ESC"? in the forum No Subject https://www.propertyinvesting.com/topic/4369576-anyone-bought-thru-esc/#post-4440898 Tue, 02 Dec 2003 07:30:01 +0000 Hi Rebecca,
I’m not for or against ESC. Give us some FACTS on why, In your books they are so dodgy !!! Or is it just your OPINION ?? I have researched afew of their deals in my own area in NZ. While I have not purchased any, they aren’t too bad either (I do know this market as have brought 9 properties in the last 12 months)

Lazyboy

]]> e1bd75880ac913a391a94a8beae3d619 lazyboy replied to the topic Line of Credit - Good or Bad ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369537-line-of-credit-good-or-bad/#post-4440619 Wed, 26 Nov 2003 09:43:21 +0000 Hi Westan,
I’m from New Plymouth, westen side of the north island.Our property market was quite flat for about 5-6 years, was great for buying cashflow +ive property. ie $80000 returning $$190-210 pw were common. But pretty hard to match deals like that now !!! Capital growth has taken over , local prices are up by about 30% on average over last…[Read more]

]]> c904393ebac01aad4b54c7b30b1f8225 lazyboy replied to the topic Line of Credit - Good or Bad ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369537-line-of-credit-good-or-bad/#post-4440617 Wed, 26 Nov 2003 07:01:21 +0000 Hi Namaste,
thanks for the help.
Finding it interesting learning where your Aussie property market is at ! In NZ we are at a earlier stage of the boom cycle.

]]> deadcb3f40ef4669c8955cfeaa821407 lazyboy replied to the topic Line of Credit - Good or Bad ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369537-line-of-credit-good-or-bad/#post-4440615 Wed, 26 Nov 2003 06:26:39 +0000 Hi,
I’m new to this. Could someone please fill me in ? IP ? PPoR ? PPR ?
thanks

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