Hi Jet
I seen to be missing the doggies are they still around?
Kerwyn
Go the Sharkies.

Hi All
I have run my own business for 30 years dealing with all kinds of individuals and Ridi your pizza idea is not that bad.
I have learned that if you give something free you get it back 10 fold. I had a Ski hire in the Snowy Mountains for 6 years in what people called a bad position, wrong side of the road for people coming from Sydney. I…[Read more]

Hi All
To anyone who is worried about the vacancy rates in any town you visit, simply go into the RE agent and ask if you can rent a house, but don’t tell them you are investors. They will only be to happy to tell you what they have. If they have a list as long as your arm like Tok and Invercargill then you have to make up your mind if it is the…[Read more]

Hi All
Couldn’t agree with you more Wilandel about subject to valuation clause. If anyone buys a property with out getting it valued has rocks in their head.
I had a real estate agent only yesterday say to me that you don’t need a valuation clause and that if you know houses as good investor does you can see if they are good or bad. I told her,…[Read more]

Hi All
I take back what I said about Harcourts in Invercargill.
I was in there Tuesday 12th and a couple of young guys came in enquiring about a property they had applied for. Seems the agent was supposed to call them back within 48 hours to tell them either way what happened. According to one of the guys this was over a week ago and no one rang…[Read more]

Hi Kurra
Rick Otton has been investing in the USA for years and it seems to be Ok.

If it was Westan you saw then you should have picked up that most if not all the properties he has on offer have been renovated and even though they are old they should be quite sound.
Kerwyn.

Hi Jen
I never put down 10% deposit, the agents jump up and down but that is their bad luck. Just tell them that you buy lots of property and if you put down 10% all the time you wouldn’t have any money to live on.
It is only a problem in a rising market but in a market that is falling or going sideways most agents are happy to get a property…[Read more]

Hi Beanie
If you think Invercargill is cold try living in the North of Russia for 4 months during winter, a nice -36 to -40. We even had a warm spell for a couple of days when it was only -10, had to start peeling the clothes off. Invercargill is paradise compared to that.
If what you say is true Westan than I am glad I listened to you about…[Read more]

Hi All
I agree with Westan you can not put Tokoroa and Invercargill in the same context. I now have property in both and I believe Invercargill has a bigger future. I know that Westan is not sourcing property in Invercargill at the moment and has moved off shore, but this does not mean he has abandoned the area.
Invercargill is on the rise and it…[Read more]

Hi All
Having just returned from NZ yesterday and spent some time in Tokoroa and Invercargill. I can comfortably say that neither Tok nor Inver are going to be ghost towns anytime soon, if ever?
After reading all the posts I can see that both Minimogul and Westan are correct on certain aspects.
Mini I think you are really on the ball with the…[Read more]

Hi Det
Let me put it this way: if you want to buy property is it better to wait until it is at the top of the property cycle then buy: or is it more of an advantage to buy when property is moving sideways or has dropped a little? If you get into the property cycle now you can put offers to the vendor much lower that you could have 12 months ago.…[Read more]

Hi Dazzling
Oh well, looks like I am in real trouble: I hate Golf.

Kerwyn

Hi alexp
As Gramyre said have a look at Rick Otton for wraps and lease options. Rick is doing a bit of business with the lease option strategy at the moment. I am just waiting for his latest CD on L/O to turn up. L/O is a bit less complicated that wraps. Have a look at L/O also.
Kerwyn

Hi enduser
Well the town I lived in for 10 years and the smaller towns around, people were leaving in droves: I was one of them.
Kerwyn

Hi beno99
Nobleone is fairly close.
Valuation report $350.
See PropertyGuRu for 90% LVR.
Kerwyn.

Dream on JetDollars.

Go the Sharkies.
Kerwyn

TerryAnneG
Yes I agree there are deals to be made, but it depends where you are talking about. There are deals in small country towns but people are leaving these in droves. There are a lot of desperate people who bought apartments off the plan in Sydney and Melbourne who wish they hadn’t who may want to sell cheap. But when you get one desperado…[Read more]

Hi Westan
Interesting read sounds really good. Have a chat to you about it later.
Kerwyn

Hi Brady5
Makes sense if the bank will accept the higher valuation.
Couldn’t you get an independent valuation preferably before exchanging contracts but once you have the property sewn up. Have it based on the higher value with out disclosing the price you are going to pay for it. If you use one of the banks accredited valuers they would have to…[Read more]

Hi Foundation
Take this scenario: house sold on 2-8-95 for $100000, sold on the 27-10-04 for $225000. Now $100000 + $100000 = $200000 price doubled, sold for $25000 over and above or another 25% more on the original selling price, so more that doubled. Actual figures because I bought the house at $225000.
Kerwyn. [wink]