Hi Tass,

I drive through Jimboomba every Thursday.

It’s a nice semi-rural area with reasonable amenities. Woolworths etc.

Not sure about the crime, as I am usually doing 80kmh as I pass through so there have never been any car-jacking attempts. [biggrin]

My boss lives there with her husband and 3 kids, she lets them roam free without worries.…[Read more]

Hi Shar,

I agree with your explaination re NZ tradies.

I think NZ needs a bit of a poulation boom with an emphasis on importing tradies.

Alternatively the govt could ask the electricity Co to shut the power off between 6.00pm and 6.00am so that Kiwis would have nothing better to do than make babies… I suppose then the govt would also have to…[Read more]

Hi Torachan,

For instance there are serious structural problems in houses built xxxx – xxxx (I won’t say exactly when because I know for a fact that some on this forum have CF+ houses that are a timebomb…. you can’t tell them)

If you feel so strongly about assisting Lister to make the right decision regarding his O/S investment plans then…[Read more]

Gee Torachan,

Would you like to possibly add anything negative to your post? [blink]

So nice to see such optimism… Have you by any chance been burned by overseas investing?

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

Yeah annoys me too [weird]

“Making mistakes is just another another tool for learning.”

Hi Bornfree,

Looking into my crystal ball [sultan]… I would say that time will tell. [rolleyesanim]

Seriously though, you have made your first move and purchased so well done. [thumbsupanim]

So long as you are confortable with the current cash flow I can’t see you having too many troubles.

Cheers, Nobleone. [biggrin]

P.S. Welcome to the…[Read more]

Hi Lister,

I bought all of my NZ IP’s via Internet (planning a first visit around April) and I would say one of my biggest problems so far has been getting tradies to firstly quote and then get started on any work that needs doing.

I would also advise explaining from the very outset that you require your PM to inform you of all and anything that…[Read more]

Hi Trish,

I already have 4 IP’s in NZ and I am now considering looking at the reno side of things to increase CG and rental income.

However from my experiences so far in attempting to get tradespeople to start and finish repairs in a reasonable time frame my biggest concern is being able to get any work done on a reno IP in the shortest possible…[Read more]

I’ve had my comprehensive car insurance with Hotline for a few years now, saved $hundreds$ on other quotes, although I’ve never had to make a claim.

Here’s their No for enquiries 1300 360 066.

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

HI All,

Thanks for the replies.

I guess the simple answer is to have a chat with my broker once I have had the IP’s revalued.

Westan, all IP’s are currently financed with ANZ.

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

Hey Ozi,

Welcome back, well done on your purchase, are you prepared to give us any details of where it is, how many bedrooms etc, what price, what yield etc?

What were your impressions of Wairoa and Hawera in particular?

I’m planning a trip to the north island in April, I have not seen my IP’s yet and I’ve had them since last June. [blink]

BTW…[Read more]

Pocket the 5cents and hope that another couple of thousand gulible people send you a similar letter with 5cents attached… Then take your $100 and treat yourself to a restaurant meal… LOL

“Making mistakes is just another another tool for learning.”

Hmmmmm 14 days and nights on a 22 x 45 foot module with 5 other people you don’t know… Might get a tad boring and claustrophobic… [axe]

But book me in for 3 nights anyway… [wings]

Now I’ve just got to buy a few hundred more houses to pay for the trip. [blink]

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

Forget PM’s… Keep this one out in the open public forum… I’d like to see where this one is going to end up!

“Making mistakes is just another another tool for learning.”

Hi All,

This one always cracks me up. [lmao]

If as an investor I were to work on the premise of ‘property doubles in value every 10 years’ then I therefore need never worry about what stage the market is at when I get into it because all I would have to do is ride out a decade and then reap the rewards… [blink]

If only it were that easy…[Read more]

Hi Techhowse,

Welcome to the forum.

IMHO answers to your initial questions go something like this…

– Locating a good buy (perhaps one that passes the 11 second rule)

If you want something that passes the 11 second rule start looking in New Zealand or look for a property in OZ that you can add value to to make the numbers pass the test.

-…[Read more]

Hi Wayne & Liz,

Here are the contact details for my bank in NZ…

Doug Speak
Business Manager – New Plymouth
ANZ
Level 1
Cnr Gill & Currie Streets
P O Box 8049
New Plymouth
New Zealand

Phone: +64 6 759 9700
Mobile: +0274 483 345
Fax: +64 6 758 9928
E-mail: speakd@anz.com

They lent me 80% on one of my IP’s in Hawera south Taranaki… Let…[Read more]

Hi Jason X,

I have IP’s in NZ and all of them were bought unseen, apart from Internet photo’s.

Just the usual clauses, suject to ‘suitable’ finance, building report etc.

As Byronet said, not too many or the vendor gets scared.

As long as you do your DD you should be fine.

Chers, Nobleone. [biggrin]

“Making mistakes is just another another…[Read more]

Hey ShaunW,

Well I have lived and learnt for another day… That is fascinating… Does anyone else have any more like that?

Cheers, Nobleone. [biggrin]

“Making mistakes is just another another tool for learning.”

In the UK winter…”Brass monkey weather”…Which is a shortened version of “It’s cold enough to freeze the balls off a brass monkey”

1st… Do brass monkeys have balls and are they detachable?

2nd… What would be the purpose of a brass monkey in any kind of weather?

Nobleone. [blink]

“Making mistakes is just another another tool for learning.”