Thanks Clint … and Belinda.We have also seen many highly geared negatively cashflow investors bend, buckle and finally bow out! … we have also saved some on them during the process.WE have also found that even with some of the very attractive properties we have sourced….. the numbers have been low on the uptake of these properties….…[Read more]

Hey All.Great motivating post!We started out about 9 years ago…. and have bought all our properties with none of our own money….. I can say it has not been an easy journey….. but it is great when you can walk out of a house with an agreement under your arm and have only paid a $1.00 option for control of the property for 5 years…… the…[Read more]

Go back to them with $7/week increase.

yep …. it sure makes the unit easier to rent out and you can get a better rent ….. easiest way to confirm this ….Call a few rental agencies and see if a 3 bedroom or 2 bedroom house is cheaper without airconditioning.Cheers,S

you can now (thanks to an AUS and NZ govt Co-operative agrement) also claim losses if you are negatively geared from across the tasman….. I believe this has bee since April 2008.

Hey All …. have not been on here for a wee while….. Are you allowed to post New Zealand caveat emptor deals here or only on PT in NZ?If not ….. anyone that is interested in some very attractive discounts….. (we have one under contract for $225,000 below GV with an 8.48% Gross Yeild)…. then drop me a line!!!!!CheersKiwi.

Hey There,I have been using Lease options for quite some time now…. we do them over here in NZ…. (Did them in Aussie before coming back here!)We have only ever seldom paid more than a $1.00 option fee for control of the property for at least 5 years. In the curnet market we are not diong them for any less than 7 years.You will be amazed what a…[Read more]

Hey all …. long time since I been cack on here…. This year I got control of 11 Houses (all different vendors) for $1.00 each…. for five years on Lease option ….. most of them I am getting a great positive cashflow result….. (except the one I moved into)…The one we moved into was such a good deal….. when we advertised it as a REnt to…[Read more]

Hey Paul,Have you tried Profit Rentals In Invercargill? We found that with companies that were managing properties and also selling houses…. we figured that the reason we were not getting the service we needed was because over 80% of thier income was generated through selling houses and that is how much of thier company resources would be driven…[Read more]

The one of the big benefits of investment property is the tax rebates you get with interest and the like. over the years you will save thousands….. Anyway it was something I was pointing out in case you have not considered it …. if it were me I would get an accountant to at least run through the comparisons to see how I could grow faster…[Read more]

Hey There,Depending on your investing stragegy (Cashflow, growth or combination)….. check out medians in areas and also rent returns…. this will give you an idea on yeilds in the area…. also check price trends and growth… plus net migration in the areas you are researching…. then rental demand (vacancy rates and how many rentals on the…[Read more]

hey guys…..Um don't mean to rain on the parade….. but in your scenario above …."New interest only loan $224,000 @ 8.70% monthly repayments $1,624 Assume rent will be $280 per week/$14,560 p.a. / $1,213 per month (slight short fall $411 but interest payments will be deductible) " = no interest claimable (due to the original intention of the…[Read more]

We are also buying ….. if you could forward your stock …. I would be happy to take a look and perhaps work out something that would work for you…Cheers,

I agree with Don and Liz… The above post….. Dairy is having some heavy development in some areas and Invercargill is having a large number of dairy units opening up there ….. Fonterra were pushing tankers and drivers down there just to cope with the workload….. (I did a part time season toward the end of last year… and got the goss in…[Read more]

Hey All … good to see some action happening here again!! We have been getting 14-16% (better cash on cash return though) Yeild…. using Lease options and sandwich lease options in NZ.Some we have gained control (one for as little as $1.00) (yep…one Dollar) …. now that is a good way to get properties secured and develop some cashflow in a…[Read more]

Jacob at Profit Rentals has looked after our properties for a number of years …. after 3 RE companies mis managed our Invercargil portfolio….. he charges are little more but really pushes hard to get the job done.Cheers :o)

Hi There!I have not been on here for a while …… however here is my input.Good on you for getting property as a vehicle for self supporting you financially.My suggestions Before you start:Sit down and clearly define your goals and aspirations …. put all your dreams down and work out what and why things are important to you…. if you miss…[Read more]

hey guys ….. Garth is the guy for this ….. on another subject ….. just completed another Lease option down in Invercargill …… cashflowing at over $235 per week!!!!! Very very happy tenant buyers and winners all round…… may start another thread telling about the deal if any one is interested ….. oh BTW ….. we are based in Hamilton…[Read more]

Leilah wrote:
By drawing down the equity, doesn't this create more debt and thus won't it increase my monthly repayments on the two investment properties, pushing it from positive cash flow back to negative cash flow? If you keep on drawing down the equity how do you service your loans if the repayments keep increasing each time you do…[Read more]

I Just completed a Purchase to Lease Option Just last week 17th Oct.NO MONEY DOWN ……. Lease Purchaser paid for my deposit on my finance!!Net Cashflow of $235/week and $20,000 deposit paid to me straight off…. total projected profit (before Taxes …. $69,000 … give or take!Cheers,Kiwiwww.rent2ownnz.com