Yes I will Wrap or retn to own you into a house in NZ …. I have one in Invercargill.
http://www.trademe.co.nz/a.asp?id=59442113

PM me an we can work out hte finer details if you like…..
Kiwi

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Originally posted by mspartal:
I bought the master class pack so hopefully that will explain the mechanics of all this. Im sick and tired of getting the top level theory in all these books etc without the detail of HOW? It really bugs me. All good in saying do this do that but for us beginners where is the THIS IS HOW?

Lets hope the masterclass…[Read more]

Hey There….

If you have a nett profit of $50K after a sale it would definately depend on a few factors.
1. how much te percentage of growth in the area you have sold
2. Do you intend to reinvest in the same location?

If you are just taking the profits and running to find another deal that returns say 10.4% rental yeild …. then you could also…[Read more]

You could also consider Lesae options or Wraps to turn a negatively geared house around so that it puts a $ or 2 in your pocket.
Cheers,
Kiwi[strum]

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Best I have done one for is a Dollar!

Had the house for 10 minutes (30 actually) and onsold the option for a $2,000 Profit ($1999 actual – Minus $5.00 gas to get hte paperwork squiggled on)

Not bad for ten Minutes aye [strum]

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Originally posted by Mortgage Hunter:
This argument exists as long as this site has.

Certainly if someone would want to see how a negative gearing strategy can work then I would recomen any of Jan Somers book on the subject. Written in the 80’s they have certainly held up over time and through several cycles of the market.

Most cashflow…[Read more]

I’m Still Buying!

Over in NZ though… good 10% + yilds and good rental demand… and if not I can use Wraps, Options or 100% financing to get them there!
Cheers
Kiwi[strum]

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Hi Maia,
Of Course.

I have a broker who specialises in this type of financing for me in NZ … however you have to have a deal signed up before she will do any work for you (wasting time management). she will give you guidelines of what you need to complete the paperwork and rates are pretty good.
PM me and I will give you the details
Make sure…[Read more]

Wow … Have they??!

I call it hte buy and hope strategy …. just my opinion and no offence to all you successful Neg Gearers out there [biggrin]

I can’t see the logic in throwing money at something … then when I go to buy another one the figures look worse .. .and then the 3rd one … the lenders say “Sorry Sir you have servicability issues…[Read more]

Originally posted by roslynnchalwell@yahoo.com:
I attended a meeting and also purchased a property thru them.

All I can say is do your own due diligence, check and double check the numbers.

I don’t know what they are teaching now but it was all about negatively gearing your portfolio in 2002 when we purchased our IP.

I would not buy thru them…[Read more]

Try Changing tack…. ask them … If there was one thing could we do to make living in this house better for you while at the same time increasing the rent $10-$20/week What would it be?

Gets aways from the us and them and team bonding occurs as you are siding with them.

Simply work out what it is going to cost … and then claim it back in the…[Read more]

They will struggle to break through a Trust with a corporate trustee… as it is NOT a person … it is a totally different entity and has different controls…. look at all the rip off merchants and how they have materminded thier escape plan…. ASIC is powerless as they do not do anything to help the poor ole community citizen… they can’t…[Read more]

Hey all … UPDATE!!!!!

***TRANSACTION COMPLETE***
All Sorted out now. Vendor got accross the line and we got compensated for the delays.
Cheers
Kiwi

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

with a rental yeild of 10.4% and based on your worst cast scenario…..maximum price is $600K…. if you can get it less then the more cash goes into your pocket…. This should give you good positive cashflow… but you will need to crunch the numbers further to see what the internal costs are for this transaction.
Cheers,
Kiwi

Why Rent? Rent 2…[Read more]

I can….
read some infor from my site….

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Hey There ….
The 11 sec rule is just a yard stick (as Steve puts it) … It was never designed as the be all end all of proeprty procurement tools.
There are still many deals out there that work well within the 11 second rule … however Derek is correct … some need more creative solutions to get them cashflowing.. such as wraps, lease options…[Read more]

Hey All,
I have looked through my sales contract (NZ Transaction) and the agent must get thier commission payment from Vendor … not Buyer … however they have released the deposit to the vndors solicitor and they are trying to find out where it is.
Cheers
Kiwi

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

Hi Terry,
My deposit has gone ….. Should my solicitor have done this search to protect me? Or is it something I should have done?
Thanks
Shane

Looking For 10 – 15%+… on your Cash? goto:
http://www.kiwilogic.biz

I think the agent got mixed up … you can actually inclued a rent refference i nthe option agreement and refer it to include all termsand conditions in the state and federal residential agreements apply…. However this is not a good Idea as soon as you put the words:
Option Fee
Rent credit ad hte like into a rental agreement… the jugde will…[Read more]

Originally posted by World Changer:
Hey Kiwi
What is the market value of the property ?
have you had a recent valuation?
Of course yr prop is slightly above due to yr terms but interested to know local values

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey there,
Have not had vals done for a while…. based on comparable…[Read more]