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getting loans for all of that is the easiest part aslong as the lender doent mind the propety being in new zealand. If you have a good broker borrowing money is never a problem. I got my girlfriend ( now my wife) a loan of about 200,000 to build a house and she didnt even have a job.
the idea is to own 4-5 properties in a place like bendigo and then in 10 -15 years i will have a + cashflow of over $1000 a week
meekatharra is the correct spelling.. I own several there which i rent our to G.E.H.A (teachers).
It is simply evidence that there are 1000’s of cf+ properties out there but I am just saying that no one is going to tell you where to get the good ones , you have to do that your self.you have to get out there more
You can buy properties in meekethara (w.a) for $30,000 that rent for $90 p/w ( excellent postive gearing)
If u are in victoria simply drive from bendigo to ballarat and look at the country towns in between.
No one in here will ever give you the suburb they are investing in…why would they, its hard enough to find 10% returns . I prefer to look for 7-9% returns in better towns with brick and tile houses…. To all those wingers saying where are the investments returning 10% +… They are there you have to go out there and not sit at the laptop hoping someone will say here you go and make you a millionaire over night.The reason i want to sell my house is becuase i dont see any future in owning a house in perth. I paid $198,000 (built) my house in 03 i have probarly spent about 50,000 on it and now it is worth well over 600,000. I cant see it going up 7% a year over the next decade i think it will stay very much the same as it is now… I want to sell it to invest the money elsewhere…
Also what about the drought in bendigo If things get worse there the whole town could disappear. I have heard of 3rd generation farmers who now have no water and the goverment is forcing them to kill all their cattle…thanks but can you give an example of a few towns you would consider worthy
The book that changed my life (apart from steves)
is Mission earth by l.ron hubbard it is a ten book series.
This book made me realize how the world really works and how people really areif you have to fly to new zealand to buy an investment property, is the flight a tax detuction?
