We are working in the construction industry in Rotorua NZ.
Icon : Innovative Construction
Project manager/Builder/CAD Drafting Service.

Thanks

Hey Islandgirl
How far is this town from the nearest city? How have the values of the houses changed over the last couple of years (agents can tell you or research on the net)
What attracted you to consider buying in this town?
Good luck and good on you for looking!!

Hi there

Sorry looking in NZ

Thanks for your thoughts

HI there
Im based in Nz, but I go into the council and look in the property file, sometimes there are names and contact details in there, it is free to look at the file, I wonder if it is the same where you are?

Good luck[suave2]

Hi there

We have done a joint venture with family, it went off well, everyone made money…………though I must say that I am reluctant to try again, I would much rather go it alone, have total control over the project. In saying that though Im aware that I am limiting ourselves, I guess it just depends what you are willing to do at the end of…[Read more]

Great to hear of these creative solutions!

Good stuff, thanks for sharing

Hey Kiwi

Interesting situation, all sorts of surprises pop up in this game aye?
All the best in finding a solution…..thanks for sharing.

Thanks for clarifying the situation!

[biggrin]

Hi all

By saying ‘you ensure that you are able to reassign the option’ do you mean that you sign the contract ‘and or nominee’?

Thanks

Hi there
I am in the process of onselling some land that I bought using an option. I have not disclosed the onselling price to the original vendor, there doesnt seem to be any need to? He just wants the money that we agreed to initially. He understood that at the time that I took out the option that I would have exclusive rights to do what I…[Read more]

Hi Elka
The original owner (as far as I am aware) had only tried selling the land privately, however I listed it with an agent. He was very happy to sell it for the 10k price.
Obviously it was competitively priced when I listed it with an agent as we had two offers within a short amount of time………….Im not sure why the original owner didnt…[Read more]

Hi there,
I didnt onsell the option, I didnt even think of doing that. I put the land on the market, and onsold it, making sure that settlement date was the same for when I purchased and sold it. So yes the title went into my name for a brief time. All that my solicitor needed to do was shuffle paper, though he advised that I should have the…[Read more]

Hey there

Regarding……

7. You do not have to factore in Stamps duty if you flip it or Lease Option or assign it….

I have been told the contrary, stamp duty will be payable if you flip the thing….

Some kool ideas, good to think outside the box huh??

Good work all

Hi guys, thanks for your thoughts.
Geoffbeck, it wasnt gambling for us, though there is always some kind of risk involved in investing huh? Calculated risk though.
Anyway it didnt seem risky to us because we had done the homework on developing the section, and the numbers worked that way, and the numbers also worked if we decided to onsell…[Read more]

Hi Terry, little town in NZ………I was surfing the internet late one night and came upon a guy who wanted to get rid of his land for cash, or was keen to exchange it for a ute or boat…….well I was fresh out of those, so I made a proposition and he liked the idea. We were planning to develop it, but decided to onsell. It was only on the…[Read more]

HI there

Just wondering if that loan is available Nz wide?

Thanks

Hi there

I can verify what has been said regarding eligibility for FHOG even though you have an IP.. I know that this is a definite possiblity in Queensland. I have spoken to the relevant departments to verify this. Try ringing the relevant govt departments, they will set you straight.

All the best

Mai

Hi there

Cant answer all your questions, however I was wondering why did you buy the property? What was the purpose behind it?
I ask this because Im wondering if the property is achieving your purpose for having it?
Once you know the answer to that, it may be easier to make the necessary decisions, whether to sell or not?

All the best
Hope this helps

HI Chris

Thanks for all of that, really helpful

We havent actually purchased the land as yet, we are setting up a contract to buy it on an option. Therefore your advise is much needed before we actually put the land into our private names. Under the contract we will have 3 mths exclusive rights to buy the land, which just gives us time to work…[Read more]

Nice going guys!!

Im lovin it!!

Did you get an answer on your proposal Dr Y?