firstly, are you guys speculators, forex traders, or property investors?

2) fear and greed are great motivators used by people who sell seminars to get bums on seats.

‘don’t get burned when the bubble bursts!’

(fear)

‘we’ll tell you how to make lots of money out of the carnage that’s coming!’

greed, and speculation

skillful investors know…[Read more]

Hi guys

Westan has posted a thousand posts ‘for free’ here. He’s also on an audio product with me. No, that’s not free, it’s $98 bucks.

Why is it not free? Why did we make it? Many many many many newbies come here and say ‘where are the cashflow positive properties, what do I do first, what about this, what if that, what do I do if this happens,…[Read more]

Hi Guys

I somewhat agree with Kerwyn – especially in today’s market. Especially if it’s your first property and especially if you don’t know the market backwards. I have recently started getting valuations every time I buy. As much for the lender as anything else ( as already discussed) to maximise my future purchasing power and equity faster,…[Read more]

“Valuation of a property is what it’s sold for”

Incorrect.
“what it’s sold for” is the Contract Price. “valuation” is the…er…valuation. As in a multi page document prepared by a registered valuer. This valuation may or may not have anything to do with the purchase price! It may be higher (yay!) or lower (boo!)

But you are correct that in…[Read more]

Cold – well I’m hald German and quarter russian and quarter scottish, so I don’t think it will be too much of a shock, albeit I’ve lived in sunny Sydney for nine years so now I’m one of those weather snobs that goes back home to wellington and says ‘brrrr’.

I think the key to queenstown is hi-tech clothing.
I’m talking gore-tex and such!
Stuff…[Read more]

Hi all!!

caution, rant alert, this post is intended to press buttons. So be it.!

ah, bbruham strikes again. haha, yes and Buffalo is the new Tokoroa!!

?????????

I have two main reasons for not investing in the States. Just personal ones. One, broadly speaking, is George Bush. I am voting politically with my disposable income, so sue me, but…[Read more]

Queenstowner, we sure have – we settle on our ‘garden shed’ June 27! Already have new phone number and jetstream sorted!

We are planning to stay for three months however the words have already been uttered just yesterday ‘but if we like it, we’ll stay until the end of the year’!

Can’t wait to meet you for a Pizza at the Cow!?
Oh lifestyle!

cheers-
Mini

price diff. could depend on the size of the land and the street, not the dwelling.

crosslease properties are very common, they are a type of freehold, but you just own a ‘share in the whole land’ rather than ‘your own bit’. often there is a common area such as a driveway or right of way that both the cross-lessees can use.

I have a pdf document…[Read more]

hi Michael,

I didn’t mean it like that, and I know, I was the instigator of this thread! I kept forgetting to check back, off in the Kiwi forum most of the time, and finally remembered to look, was surprised at the amount of pages and replies, and then on reading it, found it was mainly to do with your seminar.

I know what it’s like though when…[Read more]

“Australian resident from being taxed on its profits in Australia.”

Yes that’s right hence the recommendation to have a NZ RESIDENT (important difference) structure.

The structure is a separate legal entity which is not you. You live in Australia as a resident for tax purposes, and your entity (not you) lives in NZ (for tax purposes) unless it…[Read more]

My word, what a spruik-fest this thread has become Michael.

Just to answer some questions, the best way to check us out and what we do is to join our mailing list. Our information sheet is practically a seminar in itself (so they tell me!) and it doesn’t cost anything unless you take a deal. As you can imagine the cheaper the deal or the higher the yield the more people want it, so some of them go…[Read more]

I think in the end it’s whether emotion wins out over investing sense.

Do the numbers and see if you would be better off the other way around (viz. buying vs renting)

If so, and you still don’t do it, then you are making an emotional decision, which is fine, but at least try to be aware of how much that decision is costing you financially.…[Read more]

Kerwyn,

great reply back, and *conspiratorial wink* – I hear ya – about ALL of it! welcome to my world!

So yeah, “assure me that his finance broker here could definitely get finance for him.”

Oh YAWN, now if just ONE single person could tell me they got finance in Aus for a NZ investment purchase secured against the NZ house, then I would…[Read more]

I might be way wrong about the place as it certainly has substance (44 thousand people, or is it more?) and I even know people who have moved there. Westan is smart and he loves it. So maybe it’s fantastic, and I am ignorant. It’s a woman’s prerogative to change her mind.

Anyway, I did put out a great deal to our client list in Invercargill, the…[Read more]

basically Nigel is right
The way to do it is with a “NZ resident” structure.
Or onshore/offshore hybrid

masteraccountants.co.nz for the former
designertrust.com
for the latter

Don and Liz! you live there! wow! awesome!
What area??
I’m moving back there soon myself for three months, to Queenstown

mini

Hi awinner,

Although I am real real proud of it !! yippeee!! I don’t want my posting here to seem like it’s just about “advertising our wares”. The owners of this site are good friends of mine to boot. (Anyway hopefully nobody would think that anyway seeing as I have been posting here for years anyway since long before steve started writing…[Read more]

just to answer a few quotes here

“It is incredible that properties can be gone 30 seconds after they go out on a client list.”

Tell me about it! (whether or not you were talking about our list!)

“I don’t want to pay a birddog fee for a property that 2 days later turns into a lemon -”

Nobody does, and if you say ‘lemon’ well it could be a lemon…[Read more]

but then you could argue that if the house is nicer it has less risk. I.e. risk due to downturn, risk of bad tenants is less the nicer the house, risk of rental manager getting the shiznits with you less, risk of maintenance and redecoration less, risk of grief less…

a lot of people now sacrifice a little less yield for a little less…[Read more]