Originally posted by Terryw:
Hi Kiwi

Sounds not bad. Would you consider renting to someone who is going to on rent this place out? If so, what would the market rent be like there?

Hi Terry.
Had three appraisals a month ago and they came in at $280-300/week.

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

Yeah …. Westpoint have over 250 companies tied up in the whole sham…. Investors are trying to mount an attack on them … but the directors have set up such a web of deception and track covering…they will have transfered all obtainable assets out of them and the investors wil have wasted thier money trying to get it back. ASIC is not gonna…[Read more]

Originally posted by Carl.Alexander:
This was on Aussiestockforums last week.

Re: Westpoint collapse

On another note stay well away from this company….

Powerloan

http://www.powerloan.com.au/

This is the company that recommended Westpoint to my mother, how ill informed were their financial advisers. They took my mothers money just days b4…[Read more]

Hey Westan,
Dunno how you got your figures to strip down the return …. (guess that is why I don’t like putting figures up….. ( I put the April 2006 one on view to show current buying power)

I know that I NETT $33.00 per Week in the hot little hand before tax considerations. (as for teh lend 7.25% fixed int only for 5 years)
As for vacancy I…[Read more]

Hi Ozi,

If she has put the clause in the contract then the agent has to accept… I have done this many times and the agents don’t like it … but they usually accept … I also like playing wit hte agency agreement to see if they are having me on on the price … I write in front of them (on the contract) … for every $5,000 (five thousand) in…[Read more]

Originally posted by westan:
Hi guys

Kiwi As far as this thread goes, i doubt that you will be able to achieve 15% net returns, more like 5-8% can you supply an example.

Hey Westan,
Or Course!
Just purchased 3 bed Weatherboard (April 2006)
PP=$79,000.00
Rent = $170.00
Rates=$980.00
Ins= $395.00
Property Management = $796.00
CAsh in = $4,900.00…[Read more]

You can also try
http://www.homepriceguide.com.au/

Or for NZ properties
you could try:
http://www.qv.co.nz

or
http://www.terranet.co.nz/enter/real_estate_for_sale_new_zealand.htm

Cheers
Kiwi

For 15%+… Cash on Cash Returns goto:
http://www.kiwilogic.biz

Originally posted by westan:
Hi Kiwi

But we all know that markets move in cycles, NZ has had great appreciation and has followed the Aussie market, with a few year lag.

One of my many concerns was that as in Aust when the market started to top out that buyers disappeared then the market headed south. I know countless people who have held on to…[Read more]

Hey Westan,
I am happy you have made a motza of cash[biggrin]…

Many people use different strategies and I respect that as we are all on the different path of success.

NZ still has good merits though:
– NO STAMPS
– NO Capital Gains Tax (if you are set up right)
– Low Unemployment
– Good thriving communities and economy
– People in need of…[Read more]

Originally posted by Terryw:
Kiwi

So your saying you sign an option, ie buy an option, then negotiate with the new on-purchaser, but they do not see your purchase contract or realise what you paid for it. Do you then re-assign your option? Wouldn’t they other party see your purchase price on the option?

Terry, Yes they see the contract but…[Read more]

The new purchaser dos not even see my option as it has nothing to do with them as is directly with the purchaser. I sign nothing but the original option. The seller then arranges the contract to go out to the new buyers solicitor (once he receives a holding deposit of course). Then the sale proceeds as normal and the sellers solicitor make me out…[Read more]

Quote:
Originally posted by Qlds007:
Kiwi

Hate to say you could not do it that way.

You choice is that you either settle on the low price pay the stamp duty and the have a new contract for a higher price which your buyer signs and then he will not be able to find out what you paid for the property or you exercise a Put & Call Option and get…[Read more]

Hey There,
Residex!
http://www.residex.com.au

Hi There,
Some good points on both sides…. I like the fact that we all have different opinions and views….. That is what makes the proeprty cycle go round…. those that pull the pin when the other sheep start bleeting”(noise sheep make when they are looking for thier young!)…. and those that know that if they stick to what they know then…[Read more]

Would be more of a win/win if you did a lease option. This way she still gets to claim all landlord costs and you get to build a deposit via rent crediting a portion of your rent.
Just a thought!

No Wukkas!! DLPP

Cheers,
Kiwi

You could do a 3 month Lease Option. Then a 3-4 month settlment period to get it within your time frames.
Cheers
Kiwi

Hey There,

Interest only is a good way to go … and also Fixed interest to lock in those profits instead of wiping them out with a simple interest rise (such as the .25% one australia has just received).

Although you can reduce the loan withing the fixed structure by an agreed percentate every year and also can pay back the LMI (Loan Mortgage…[Read more]

Yip … this is how we do our purchases …..and most of the banks do it this way… unless the trust can show how it can fund the purchase…. which unless you have about 15-20 houses in the trust and can show massive surplus of income coming in….. then you will need to go personal gaurentor….. I have been with multi millionaires at business…[Read more]

Hey There,
This is a somewhat risky endeavour as it is a bit like gambling… however you can mitigate (reduce) your risk by investing in one of RP datas top 100 suburbs…. I was looking at some land in NZ and looked at the current asking price to the price 18 months ago and they have made over 600% on thier original cash outlay.

Some land…[Read more]