I reckon property plus is just marketing NZ properties.

I usually sound interested for 30 seconds then i ask them the tough questions and go on for about 5 mins. My wife hates it when i do that. They usually cant wait to get off the phone. Its been ages since they have called me.

Thats how i protest them calling me.

Aussie said
“if you think there is nothing wrong with a system whereby millions of dollars of assets can be purchased based on a subjective and manipluated notion of ‘valuation’ then i suggest you think again”

All Spann is saying is do your homework on valuations to make it easier for valuers. Valuers are professionals and need to justify their…[Read more]

I only invest near in the surburbs near home. I am an investor not a gambler. And I dont want the hassles of being an out of town landlord.

Check out this post –
https://www.propertyinvesting.com/forum/topic/14205.html

I dont want this to happen to me. As someone told me when your not in town, you are the first to be used. Agents look after…[Read more]

AussieRogue said –

“my point is that this technically is not property investing. its more about how to source cheap money. the book should be called ‘sourcing cheap money by manipulating valuations in order to grow your wealth’.”

I disagree. He is a property investor. As he wants growth properties he needs to supplement his income to support…[Read more]

I agree with Richmonnd. Property is a long term gain. We have just been lucky the last 5 years. Its only been catch up.

So when a credit report is generated for a Bank does the credit report refer to judgments made in that persons name?

So therefore a landlord who registers the judgement does not need to do anything further unless they want to contact a debt collector.

I enjoyed the Book and believe in that strategy v the ve+ one.

I am not worried about a house of cards. It depends on the risk tolerance of the individual. I have plenty of equity (currently 70%) and plenty of bank finance to buy if I wish.

However, in this present cycle I dont really see any upside in values and I want to sleep at night. I…[Read more]

Drewbie, Michael, Agile, Nobleone etc

Thanks for your replies. The intention of my post was never to say not have a go. It sounds like you have given some thought to it.

The concern I have at the back of my mind (and I cannot predict the future) is that I have reservations about whether now is a good time to invest in property or not.

John…[Read more]

<<<I am a newbie with two properties, only aquiring the second one recently.>>>

Drewbie – could I ask where you bought these properties and whether you have a PPOR. Whats more important to you – a few $000 in positive cash flow or capital gain. Or living in your own house one day.

Remember Steve made his money from capital gain. Not a few…[Read more]

I suppose the issue i have is this – I am chasing a tenant for monies owed to me. A judgement has been made against the tenant at the residential tribunal and I have lodged the judgment with the magistrates court.

I dont know where the tenants are. One is in Qld and the other still in Victoria.

Both tenants are in their late 20’s early 30’s.…[Read more]

Did your property manager do regular inspections? Was the condition of the lawn noted in those inspections?

<<<<What can you do when your local market doesn’t give you the +ve CF properties you are looking for.>>>>

I dont invest for positive cashflow. I firmly believe in the strategy outlined by Peter Spann. I too have a full time job.

Please read Peter Spann it will become more clear. Its the stage of the market we are in. I dont intend to buy for…[Read more]

If she has a lease, then she is entitled to stay till the lease expires. Is she wont accept the extra moving money then suggest a little more.

My credit record is fine.

I have a past tenant who owes me. I was wondering if that tenant ever decides to get finance whether they will need to repay me before they get finance.

So are you talking about property development or something like that.

My advice

1. Read Peter Spann BEFORE you do anything.
2. If you REALLY want to buy now buy a 2 bed unit in your area. You will learn heaps in that time.
3. Its not easy managing a property. And buying one so far from home is a recipe for disaster. Its easy for people to take advantage of you when you are so far away.
4. Whats a few $000 dollars…[Read more]

Is that really the business you want to be in.

I am in the business of property investing for the following reasons;
1. Make capital gains
2. Add value over time (between tenancies) to the property to increase capital gains.
3. As capital gains arise so to does rental increases.
4. Have renters who maintain property and limit damage to natural…[Read more]

Yes it will.

And then it may go on about those rural properties and how the repairs and tenant isuues and other hassles of being so far from your investment are not worth the couple of thousand positive cash flow. And then how the locals are laughing as they are buying these properties back for less than they sold them.

The next book will be on how to clean up the mess people have made with their investment decisions on buying rural country properties when interest rates raise a few more points.