Yack, you said : “I reckon our system stinks. How many times have you as a buyer been shown a property that has nothing to do with what you wanted.”

Often the buyers don’t have the foggiest idea what they are after until they have seen some properties.

On the other hand don’t put it beyond the agent to show you some bad places before showing you…[Read more]

Les, the author’s name is Robert G. Allen.

The book may be out of print. he has however written a few more since then I think.

This is what i saw on http://www.dymocks.com.au and http://www.amazon.com

The Dymocks site :
Multiple Streams of Income – $27.55
Robert Allen
This title offers simple and effective strategies for finding new sources of income – for…[Read more]

>>Lawson, again mid mts and a service town<<

Lawson = Service centre ?

Yes, but where are the shops ?

Pisces

>> …………., a la Hydro Majestic (now a tourist rip off in my opinion)<<

But have a look at the view Elves.

Pisces

>>If you want you can live in Katoomba, now that is pretty out there! Maybe more affordable.<<

Katoomba itself, a beautiful place but too many down and outs there. You go for a walk and you get accosted by someone looking for money.

Apart from the above reference to down and outs I think, Kay, that you would rather like it there.

Nearby suburbs…[Read more]

Monstango, can you tell us a bit more about your points 2 and 3 ?

Thanks,

Pisces

>>If you know the area that you want to invest (in) and (you are) ready to buy off the plan then the best place is to speak to the council town planner. By doing this you will know who is applying for development application and a block of how many unit.<<

Yes, I guess the townplanner has got nothing better to do than answering questions like…[Read more]

I could do with a transplant myself Wrappack so I guess I would say ‘yes’ and ‘yes’ to your two questions.

However I was responding to something else (ethics).

Pisces

>>the rest of the country is still booming.<<

You hope (as do I).

The fact is however that the figures for the December quarter includes a period during which the interest rate hadn’t increased as yet.

The January quarter will tell a different story.

The public’s perception of the interest rate increases (with the great assistance of the…[Read more]

Valiantwagon you said : “Before you make very childish and silly statements you might want to actually want to research the topic, you can do this my contacting various organ donation societies or the ethics committees of the hospitals that are involved in transplant medicine.”

Talking about silly statements what about your suggestion to contact…[Read more]

90% ?

Impossible.

I’ve got clients who are very experienced, are excellent prospects in a lenders (and mortgage insurer’s) mind (no defaults, good serviceability and net assets of at least $ 500 K) and yet are unable to borrow even below that 90% rate.

They have net assets of $ 4M (and in another case
$ 10 M) yet could not borrow at that…[Read more]

>>Couple of answers- show me the money- unfortunately, the owners want a contract, not an option, or they will let the properties rot till they get their price.<<

That is fine of course. The thing to do is to move onto the next prospect.

There is a lot of truth in the saying : A winner never quits and a quiter never wins.

This is a numbers…[Read more]

>>I have already hosted about 5 Australians who have come to NZ to buy IPs.<<

Is that all meals or bed and breakfast only ? []

Pisces

Wrappack, no offense, you appear to be very ambitious (which is fine) but my question is ‘Have you been involved in any development at all sofar ?’

Starting at the top is probably only a good idea if your father’s name is Kerry.

There are so many pitfalls, so many things to watch out for which one cannot really all learn by asking questions on…[Read more]

Freedomfinder, you said : “so whats going on, apart from yack with his extortion attempt”

If you cannot discern the difference between someone being serious and someone joking, pulling your leg,
then how are you going to find a suitable property ?

Pisces

I give up

Pisces

Well his meagre belongings are out on the street and there is a large real estate sign which says ‘Mortgagee sale’

Pisces

>>In 15 years it is likely they will have either refinanced and paid you out or will have sold the property.<<

If I were to do a wrap (and I doubt I ever will) I would want to see the property transferred out of my name within five years or so.

I think Lawrence summed it up pretty well when he said : “wrapping properties in the areas I speak of…[Read more]

>>she cross collateralises everything<<

To be avoided like the plague if possible because it doesn’t give you the flexibility you need.

Pisces

Often the style of building or the inside (kitchen, bathroom) dates it.

Also, have a look at the water taps in the yard.

Often they have a year stamped on it (for example 1950 – so you know that the building is at least that old)

Pisces