Albie replied to the topic Cross Lease in the forum Overseas Deals 19 years, 5 months ago
You asked about whether or not there’d be a $30k price difference, and as the other reply come back, it would all depend. Sounds like you need to have a chat with a registered valuer in the area, they’d be best qualified to answer your question.
Cheers!
AlbieAlbie replied to the topic Who’s In NZ At Present? in the forum Overseas Deals 19 years, 5 months ago
We live there too – in sunny Nelson.I have a place for sale if anyone is interested, look for the post. Still cashflow opportunity in it too. Housese are getting harder to buy with c/f, but then the conditions we buy under are different to yours – interest rates etc, therefore the point of balance in becoming cashflow is at a different place.…[Read more]
Albie replied to the topic Cross Lease in the forum Overseas Deals 19 years, 5 months ago
Cross lease was a very common form of subdividing your backyard which was used about 20 years ago. As I understand it (and don’t quote me) it was much cheaper to do than a full subdivide, yet basically does the same job inthat a property with one title, could be split into two (or more) titles. In theory the owners of the new titles are actually…[Read more]