“I am not saying that buy and hold is the only strategy to make money in real estate.”

.. This is where the discussion started, your reference to the “richest people are the ones who buy and hold”, in my personal opinion is incorrect, in terms of your definition of “hold” being never to sell.

“you can’t be bothered writing a book teaching me…[Read more]

MM

It is not that I cannot be bothered debating this subject, I simply do not have the time to provide leasons in the fundamentals of real estate investment.

Regarding DeRoos, I do know him, but would never adhere to his strategies – not that I deal in SFH’s anyway. He is however a very good salesman. Blind leading the blind several associates…[Read more]

MM

Following is a post taken from the site I referred too. The writer is a successful real estate investor, RE attorney and is the author of a couple of books on RE investment.

I would not necessarily agree with all of what he say’s because the decision to hold or sell should be on a case-by-case basis, and subject to the period the owner…[Read more]

MiniMogul

I appreciate your so-called “debate”, but it would appear your experience, or understanding of alternate investment models and the tax/cost implications [or avoiding them] is limited.

Unfortunately I don’t have the time to outline the pro’s and con’s of buy and hold versus other investment strategies – maybe you can find an appropriate…[Read more]

MiniMogul

There are a number of factors in determining if the buy and hold strategy is the best. With all due respect, I would personally disagree with your comment “The richest people are the ones who buy and hold”. In fact there is an interesting discussion on this very topic at the following…[Read more]

The “carrot” is a higher return on investment than what can be achieved in your own country, taking taxes etc into account.

In terms of tax advice, you should speak with a qualified accountant before investing off-shore – someone who understands both countries tax and foreign investment policies.

Although New Zealand does not have CGT, you will…[Read more]

You mention the property “would sell for approximately $600,000”, but have not mentioned the valuation.

If the valuation exceeds the purchase price you may be in a position to consider a primary loan plus secondary [mezzanine] loan to finance the shortfall.

This would likely be conducted as a commercial transacation, and of course you would need…[Read more]

Institutional lenders generally require some form of security in the country the loan originates.

Furthermore, it is likely you will need to be a resident, have an excellent credit history, and a solid track record with the lender.

As an individual seeking finance your chances will be limited at most with the above qualifications.

If you are an…[Read more]

“So does that means if the investment properties are valued below those numbers, u don’t need consent from the government?”…

Yes. Approval is not required if the property valuation, area and location parameters do not exceed these stipulations.

PeterM

The company reference was to qualify my experience in working with people seeking capital for real estate projects.

Yes, we finance real estate developments, and as a developer, we also leverage institutional funds.

Although I appreciate your interest, my intention was not to solicit business, rather provide further insight for those…[Read more]

An “overseas person” must obtain consent under the regulations to acquire or take “control” of “significant” assets in New Zealand. The significant assets relate to:

> Businesses or property worth more than $10 million
> land over 5 ha or worth more than $10 million
> certain sensitive land over 0.4 ha (e.g. on islands; containing or next to…[Read more]

PeterM

I myself have an investment/development company which finances relatively large real estate projects in Australasia.

My point being, more than often the so-called “developers” experience can be a small factor in the decision making process – in terms of lending capital. Risk is off-set by the experience of the “development team” as a…[Read more]

PeterM,

In response to your post, although experience is beneficial when entering real estate development, I personally know several savvy “developers” who entered the game with no experience, and simply hired competent representatives – i.e. project manager, architect, etc.

Sometimes it is not what you know, but how you leverage the experience…[Read more]

I am a real estate investor in the United States [with interests in NZ and Aus] who knows people who have invested with Dolph Deroos. My recommendation is to be very cautious and conduct sufficient due dilligence before investing in one of his “ventures”. I do question the comments made re: a University at Gibbston Valley in Queenstown – very unlikely.

To further clarify, you are correct re: GST as it is applied to income derived from a rental property in NZ. However, in response to your original post which states “No GST is payable if buying residential property in NZ.”, my point was GST applies to the “sale” of residential and commercial property in NZ. Only if the commercial property is a…[Read more]

The following is incorrect. GST applies to all property acquisitions in New Zealand – residential and commercial, at a rate of 12.5%. However, if the acquiring party is a New Zealand registered company, the GST content can be claimed [refunded].

quote:
Hi Guys
No GST is payable if buying residential property in NZ.
If you are buying a farm it is…

[Read more]