Um I think you made a typo there Yack….or maybe not [^]

Hi B.J,
The seminar was something I think I needed. Before I went to the seminar I was suffering from analysis paralysis.
Actually I’m still suffering from analysis paralysis but now I am suffering with a much better plan than what I had. I am much more organised and active now. Where before that I was just ploughing through book after book.…[Read more]

Thanks for the comments Mini,
I’m interested. You mentioned that you are already doing this. Do you have a good number of deals coming in on a regular basis? What sort of time frame are we talking about? Anyway put me on your list. Of course there’s also the question of, How much?

Thanks,

MarkyMark

I know what your saying there Yak,
However, I don’t think experience is always measured in terms of time.

Investor A may have been investing for 10 years and have bought 4 properties and looked at 100 property deals

Investor B: May have been investing for 3.5 years and have looked at over 500 properties and bought 150 of them

Whose got more e…[Read more]

Hi Ben,
I went last year and it was hard for me to fork out the cash as well as I am not big on seminars at all.

I think I sat there for about 10 minutes looking at the form on my computer screen with my card number and details filled out before I pressed the send button. []

As far as the course itself went it is very easy to follow, so…[Read more]

Hi Mini,
I just want to get this clear.

– You or your associate sources a property in NZ
– You contact me and give me exactly what details? This is probably the most important question.
– I am then able to do an inspection myself and if I think it looks suitable to me I put in a contract
– At this point I am now committed to the bird dog…[Read more]

Hi Mini,
As long as I can do my own due diligence so that I can get satisfied with the deal, area, property etc then sounds like a great idea. I’m interested. One thing would this be exclusively NZ? or Aussie as well??

The other thing is this section,

And if there was a contract on the place, so you couldn’t be gazumped? And that you could…[Read more]

Hi skidaveski,
I checked this with the FHOG authorities in NSW and I found that one is eligible for the FHOG if all previous purchases have been investment properties and the person passes all of the other details that they require.

However, I would send your own email to them and get a reply from them. Then you have it in writing. This may not…[Read more]

Hi all,
Really great points, thanks.

Although a profit is paramount. The establishment of a successful joint venture is way up there on the priority list as well. I’m even willing to get a lower return for this first deal. If we can make this work once then I believe that we would both be interested in continuing in the future. Its not that I…[Read more]

Thanks guys. I found this deal; it did not quite make the 11 sec test. So I Jiggled the numbers around a little but it is still not really there (numbers that is). It’s a bumber as the house is in a good location, somewhere I have been looking to invest.

I had Annual Cash expenses at $53.00 per week, a little to high. I also did the sums on P…[Read more]

MortgageHunter,
If purchase price is say 80K and then 5K is spent on renos then you would expect re-valuation (after reno) to come in above purchase price. So if the re-valuation came in at purchase price then this would be considered conservative wouldnt it? Is this right?

Thanks Terry,
Good to know about the LVR on the corporate trustee.

I think your best strategy is to firstly work out what you want. Get some financial and lifestyle goals. Work out what’s important.

Once you have that in place then you have something to aim for. What happens then is you begin a search of what strategies will enable you to achieve what it is you want. You might be thinking, “just give me the s…[Read more]

Yeah I have seen these. I should have mentioned that I want to put it into a spread sheet so I dont need to go online all the time.

Regards

western,
I would have thought that towns of 5000 would be way small and a very high risk. I’ve been looking at 50 -60 000 population size and have not even bothered with anything under 30 000. Maybe I’m being too conservative.

Regards

TerryW were are you getting these figures from? I’m looking at $2000 to set up a trust and about $2000 per year in accounting fees for its management. This is without a corporate trustee, which will be another expense later on down the track.

Am I missing something here? I sort of hope I am as your prices look alot better than mine.

Thanks allot everyone for all your help. This actually comes as good news for my situation.

Kind regards.

Thanks allot everyone for all your help. This actually comes as good news for my situation.

Kind regards.

Hi Christian,
I have pretty well completed looking into this for myself. Structure is a complex area, you will probably need advice. However, I think that it is well worth setting it up if you want to get serious about investing in property. Also doing it before you start investing is a good idea as it can be very costly to change everything…[Read more]

Hi still_in_school,
This comes as a surprise. Where did you source this information from?

I only ask as the below suggests other wise (source http://www.firsthome.gov.au)

Neither the applicant nor their spouse (or de facto) must have owned and occupied a home after 1 July 2000.

Unless the wording “owned AND occupied” as apposed to “owned…[Read more]