By far the best property manager I have ever had.
Absolute pleasure to deal with

Cheers,

Waz11

I dont know how accurate the statement about not needing to take a gun with you to collect the rent is though.

There’s been heaps of discussion about the US on the forums – have a read it may or may not be your cup of tea…

Waz11

Excellent I was hoping to hear that it was not going to cost me a tonne of cash.

Thanks for that.

Waz11

Bradley is no longer with Stoneman Financial Services. Have a word to Ron or Mark Stoneman or even Kelly at reception.

They are always more than helpful and should be able to fix you up without any issues.

Cheers,

Waz11

Congrats – I think you will do well..

Question for you : Is this development in NZ?

I too am doing my first development this year – in NZ. Would be lovely if I could make that sort of profit margin….

Good luck with it

Waz11…

Excellent work for your nephew – thats quite an impressive effort – I wish I could start run a successful business – yet alone do it at the age of 17!

There are a few young investors around that you come across every now and then. Myself I was 21 (I think that was young ) when I bought my first IP. 2 years later my partner and I now…[Read more]

I have been buying in NZ since March. Since then we have seen an average 30% increase on all our properties (5 houses & 1 block of units). The areas we have invested in seem to be still going as strong as ever and so we continue to use the equity to reinvest in NZ. All properties are +ve cashflow and we have had very little vacancies.

I…[Read more]

Thanks mate.

are they usually expensive?

LPT’s ?

Waz11

I have a few more quesitons:

– can you borrow money to put into a commercial trust (ie: will a bank give you a secured loan against the units you have in the trust?)

– I have read of average returns being anywhere from 8% – 15% per year. Is there anything else that needs to be payed into the trust? IE: any group bills or anything – any…[Read more]

Thanks Steve. Your answers were exactly what I was after. The type I was interested in seems to be the ones that are listed on the ASX.

I will follow your link and try to research what I can from what you have given me.

Really couldnt have asked for more information at this stage so thanks again.

Cheers,

Waz11

Really appreciate your help here. Is it usually an expensive excercise for a bank to change you from P&I to IO ?

Waz11

plus then i would have to work out estimations for depreciation … would there be anything else i would need to consider calculate?

Waz11

Im not too worried about the CGT – i realise that if i make it an investment property then i will have to pay this at the time of selling. I am more concerened with my cashflow at the moment..

would it be consider very wise to do it the way i mentioned (would i receivesave quite a lot) or would i only be saving myself a small…[Read more]

I agree with Lizzy. Memory techniques really open your mind to be able to remember endless amounts of information. When practicing these techniques I used to be able to remember 100 inanimate objects by number, forwards, backwards, in and out of order in under 2 minutes! These techniques become so helpful when studying.

Also look at mind…[Read more]

I actually made a mistake though, its not 30 minutes away its 30kms.

i will check with other RE about the rental possibilities for the area etc.

The total land size would be about 2000m2, ie 1000 per property.

Who would I contact about zoning etc?

Thanks,

Waz11

I am talking about council rates and water etc. I am mainly interested in houses, so no body corporate fees would come into effect.

I just cant see how people can buy thexe little places and still make a profit because from what I have seen the council/water rates seem to be almost similar to the more expensive places that would bring in a…[Read more]

waz11