Hey,
If you are still having a proplem…..
You could try running a few adds in the local paper:

1 Advertising with a twist….. 2-3 weeks free rent… this way you can keep the rent price up there.

2. Perhaps advertising to rent to own…… so they can rent it and build deposit up until they have enough to finance it (Increases your return by 15-30%)
3. Advertise with FREE meal tickets to a nice resturant or event….
**What are you losing now in income? … if you spend a little in tryuing a new teqnique… you may have the phone ringing off the hook. and be able to sort through the chaff to find the gem Tennant.

Or.
Ring all the RE’s in the area and fake hunting a property to rent… ask them what is about and how quiclky they go.. or what the waiting list is like. Also whathe rent is for them…. this way you can get a sense of what the rental demand is like.
Cheers
Kiwi

Hi Guys,
I have done the same as above…..
The reason for the 76% share is the ruling in NZ that if any shareholder NON RESIDENT (NZ) owns more than 25%…. must pay income tax and do two lots of tax docs. (NZ and AUSSIE).
To get around this you simply make the biggest shareholder 76% (as long as they are NZ based) and in our case I have 1% and my Wife 24% sharehold. Then we made sure the trust clearly defines that the 76% shareholder relinquishes all stake in any income, investment, Shares or property share (current or future).

I cleared this with my solicitor firts of course!!!
This all took less than 3 days to set up and cost $650.00 (NZ)

We Obtained finance VIA one of the big NZ banks… and they were fine with the whole structure. WE must thank our great finance brokers in NZ for thier efforts though as one of our key team members they have made our investing in NZ a breeze.
Cheers
Kiwi

Or …. If you do not havethe time …. then purchase off a bird- dog(Specialist in sourcing properties)…. just look for the decent ones though …. as there are plenty of sharks out there trying to take your hard earnt cash.

Education is paramount thought if you are wishing to get into this game …. an a lotta backbone and gus is required also…..

Don’t do what the 97% of the rest of the world and just learn and then sit on your hands …. you MUST TAKE SOME ACTION …. if you don’t you will never get the experience you need to sustain a successfull portfolio of property, shares, Managed funds and businesses….
Cheers
Kiwi

Hey There,
Yes it is a book (guide) by Dale Gatherum-Goss
I Found his other book “Tax battles” to be better for me as it not only went into trusts but also to minimise tax using the trusts to thier full capacity.

We modelled our legal protection vehicle (Trust Instrument) via the Tax Battles Book.

http://www.propertybooks.com.au/dgg.htm

Cheers,
SW

Hi Vernon,
You are correct this is because you have an asset tied up that you ….. and you alone have first opportunity to purchase.
So if you:
– break the contract by not making hte paments…. you lose.
– Make late payments – you can forfeit that months rent credit.
– don’t excercise the option to buy the house…. you get nothing back.

However on the + side you have: (provided you abide by the contract terms)
– house price fixed for period of the agreement
– No increase in rent above normal CPI index
– Landlord cannot sell house to another party
– Landlord cannot put a sign out the front for sale.
– Build a track record for lenders to show you can make payments on time and for a sufficient period of time to convince them you are not a risk
– Build deposit as equity faster than ANY OTHER METHOD.

I have offered an incentive from time to time that if the tennant pulls out they get a portion of thier rent credit back like 20% in year one, 40% in year 2, 60% in year 3, 80% in year 4 and 100% in year five….
However the strike price is around 60% higher and it is intended that the tennant is not to excercize in less than 4 years to allow for market growth……
Cheers
Kiwi

You could try this,

Put an offer in and ask that the vendor leave 15% in the deal (don’t go in low though ….otherwise it put the balance to far in your favour).

Once you get an offer that is accepted… approach a lender that accepts gifting and you have your deposit ready to go.

just an idea! see how you go.
Cheers
Kiwi

1. See if they have lied to you with thier verbal response to the Question “so how is your credit?”

2. also get them to sign a release of rental records from the last 12 months rental landlord.

Hey,
Sounds like the question may be do you want capital gain (profits- commonly know as gambling on the market rising)…. or do you want to get cash in your back pocket today. If you want CG then you wil be able to quickly find the tools to see which areas are growing fastest and you can see whether your suburb is a good risk or are there beter ones out there.

If you are looking for the second, then you can also use tools to source and secure your deals…. I was reading an article the other day written by one of the most respected professors in the NZ property sector and the comment was … along the lines of …. how is it most investors do so in thier own neighbourhood when the risks are lower in other areas with the same return on investment…..

Cheers,
Kiwi

Hi Yasmina,
Just ot clarify…. do you want to be dept free…. or have the debt pay for itself and give you some freedom of choice?

There is good debt and bad debt…. IP is good debt (as long as you are not paying for it out of your pocket) PPOR is not so good debt …. but consumer debt is BAD debt.

How long ago did you purchase the IP? what is its value now?

Thanks
Kiwi