Forum Replies Created
heheheh….don’t get into too much detail…but then agin it would be good to know how you conducted the inspection and your interrogation process…maybe some others on this forum can adopt the same procedure…hope she doesn’t need to much maintenance or runnning costs…have any idea on what the outgoings are…
hehehehehehe
Regards,
George.“If You never never ask, you’ll never never know”
Hi again,
also check
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=8638
also – try doing a search for this in all the forums.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi there,
check out the following forum – it might help
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=8902
Kind Regards,
George.“If You never never ask, you’ll never never know”
negative gearing – trust mini to come up with that….ur a classic…keepi, rolling.
George
“If You never never ask, you’ll never never know”
Hi Steve,
To make it easier for you, try not to focus on an area. Go to a few real estate agents as each agent deals with a number of areas. Tell him/her your criteria (i.e. 150k to 350k) and he/she will be able to filter properties for you that meet your criteria.
But if you are looking for positive cashflow, I wouldn’t look at places like Hoppers Crossing but would rather go out into the country and make contacts with real estate agents out there.
Kind Regards,
George“If You never never ask, you’ll never never know”
I think Jo – you have got this idea wrong. It is alot easier to have aportfolio of 1 million dollars worth but not to own a million dollars in a year…let me explain by example:
If you put deposits down on 10 properties with positive cashflow whilst each of these 10 properties is worth $00,000. That equals $1 Million dollars in your portfolio. The problem is that the banks own most of it. Putting down deposits on these 10 deals in one year is not that hard to do. Let me explain…
For 10 properties each valued at an average of 100k, then the deposit on each would be 20k (20%). 20k x 10 properties equals 200k in total deposits. Now you may ask, where in the world will I get 200k from. Easy. there are many ways – just come up with creative ideas. One way is that if you own your own home and it is valued at 250k(assuming it is 250k worth) the bank will definetely give you the full amout of your home – if not, they will easily give you 200k to invest with – well, theres your deposits for your 10 properties. All you need to do now is to find 10 good positive cashflow properties. Best of luck
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Bear,
I can get a booking with you if your still up for it – group discount – why not!
The melbourne seminar it is…fill me in on what you want to do.
Kind Regards,
George.“If You never never ask, you’ll never never know”
I can see you CastleDreamer and Matt have both met the family and experienced the great hospitality of the Johnsons.
Personally, I truly belive that NZ has by far got the best deals but all over – not only in the South Island. I think there would be some top deals in the North as well. God willing, I intend to expand over there once finance increases.
Matt – how have you gone so far with your investing over there – if you care to share.
Thanks again you guys and to the Johnsons.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi all,
hehehe…glad to see you’ve met the family…a note to those who haven’t met Westan and Alvin yet…if you think there nice people from speaking to them on the net or on the phone…mate, you aint seen anything yet – there extroadinary people and they go out of their way to help you. Westan might hate me for this – he’ll probably get a thousand phone calls tomorrow – he’s already time-packed as it is…so much for early retirement.
Ok, here are the jitters of it all. Both Alvin and Westan were very close to believing that there were not many good deals around returning above the 11%…well did that prove wrong…we did a bit of touring around and found some good deals…but personally what I think is better than all these great deals is the scenery….Highly recommend NZ – South Island for a holiday – the mountains and rivers and waterfalls…WOW – spectacular…and the people – everyone knows everyone…in fact, on my second day, I saw the Customs officer who inspected my bag…boy, did I want to have a word with him…just kept silent though. They have free university and a free shuttle bus/Taxi ride home for students who were shopping at the supermarket(New World). It’s so peaceful and no violence and the beaches…WOW…that’s another avenue all-together. So I have almost decided to live there, especcially after the bus driver told me you don’t even need to apply for residency. You can just live there – its allowed for Aussie citizens.
…ok back to where we were, for now its a great place to invest, but the way I see it is that property prices will increase over there quickly for a short time and then stop. I’ve put a few offers down but there system of investing in property is a little different to down under OZ land. You have to be serious and put things in writing – and you have to find the right lender to give you finance – especcially if you’re a non-resident…I will endeavour to keep you posted on the way things turn out – and if it all turns positive for me in the next few days, I can recommend the lender I found over there for the finance.
I don’t think I have ever written so much in my life…
take care all and God Bless,
Kind Regards,
George.“If You never never ask, you’ll never never know”
just saw the program – its a good reminder to always scrutinize the banks with as many written documents as you can possible…
“If You never never ask, you’ll never never know”
Hi again,
a wise man once said,
Better to aim your spear at the moon and strike only an eagle, than aim your spear at an eagle and strike only a rock.”
The point – if you aim to be a millionaire within a year, you might achieve it in 2-3 years, but if you aim to achieve it within 10 years, you might achieve it in 20-30 years. Again the point is – AIM HIGH!!!.
Kind Regards,
George.“If You never never ask, you’ll never never know”
thanks to all – your advice is much appreciated. Thanks agin.
Kind Regards,
George.“If You never never ask, you’ll never never know”
thanks sibo – will do
“If You never never ask, you’ll never never know”
are there any online NZ maps able to be printed??
thanks
Kind Regards,
George“If You never never ask, you’ll never never know”
Rule of thumb – never sell
get it rented out. if it will not return pos. cashflow, then try fixing it up with a few thousand dollars and thus increase the rent. keep it as an asset – it will help you in the future.
Kind Regards,
George“If You never never ask, you’ll never never know”
hi – i just answered this question in your other post
“If You never never ask, you’ll never never know”
Hi there,
you said that after selling, you will have $350k but are looking for a PPOR for $300k. This means that you will have an extra $50k. By doing some good research, you could buy 3 good investment properties with this 50k as deposits for them. I would start out with these 2 or 3 investments for the time being until you get the hang of it and know what your putting yourself into. Don’t try to buy as many as you can in one go – it will backfire on you.
And don’t try to use your equity now. You have 50k left over – use that. then if yu find good deals later on, you can withdraw your equity.
Kind Regards,
George.“If You never never ask, you’ll never never know”
with 50k p/a – you can move into the house together and the banks will easily give you loans for that kind of income
“If You never never ask, you’ll never never know”
Hi Pauln,
yes always seek an accountant and solicitor’s advice – that is what they are there for – to keep you secure and happy. also check with the council restrictions on building permits.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi
you have to declare your tax when you bring your income from overseas to Australia. and no – you shouldn’t lose your FHOG in Australia because it is not your primrary place of residence.
Kind Regards,
George.“If You never never ask, you’ll never never know”
