Dux Quest plumbing problems
Recently, I was interested to see so much attention being given to a old plumbing product called Dux Quest in the media. Dux Quest was an early type of black plastic piping used in houses in the late 1970’s to early 1980’s. Within ten years or so, it was recognised as a serious problem with pipes and fittings bursting all over the country.
How to choose a good tenant
Choosing a good tenant isn’t easy. They have the potential to be a great custodian of your property or your worst nightmare! Getting it right means being prepared in advance to avoid problems later. Read on to find out more and get my free tenant application forms.
Borrow from one bank or multiple banks?
If you’ve never had any problems with banks or believe that if you always pay your mortgages, you will be ok, don’t be so sure. I know many investors whose relationships with their lenders suddenly turned sour even though they had strong cashflow and had not missed any mortgage payments. Some were shocked to learn that their mortgages could be called in at any time even though they had long term fixed rate agreements!
12 tips for first time property renovation
Buying and selling your first property renovation can be a real adventure! It’s a crash course that can be an expensive lesson if done wrong, even for people experienced in buying and holding investment properties. Unless the house is already in pretty good condition, forget the idea of just spending a few thousand dollars and “flicking it on”. Unless the property market is already very hot, this just isn’t an option! You may find that after purchasing a property and “getting stuck in”, essential work will inflate costs. This is why it’s so important to make sure that there is plenty of fat in any buy and sell property.
Need to sell your Whangarei or Northland house FAST?
Want A Quick, Hassle Free and No Fee Sale? What About All Cash And Settlement On The Day Of Your Choice? If you’re serious about selling – We’re serious about buying. We can pay all cash, take care of the paper work and if necessary settle quickly. Why wait? Call […]
Property Investors get the sharp end of the stick
With all the media comments out there the property market is taking a hit. Buyers are becoming wary, banks twitchy, tenants stroppy, and people like me who make money out of growth, frustrated. The following edited comment came in from one of my many Hong Kong clients this week…
It seems to me that there is a groundswell of bad feeling targeted at people who own more than one property in New Zealand, i.e. ‘the investors’. It is discouraging to see that element in New Zealand scorn others for their initiative, commitment and sacrifice in building wealth, when most of the time the rationale is to simply provide a measure of comfort and security for later life.
