hi Sooshie

OK the block of flats? i saw it when I was searching under 50k on realenz.co.nz. it was in taumaranui. I asked the real estate agent about it and he said ‘it’s aleady gone, it sold straight away.’

!!!

How i found the flats? i just searched for minimum 2 bdr, 1 bath and type of property ‘any’ and it came up. the deals are out…[Read more]

yeah, i would be interested to at least to hear what you had in the ‘before’ version?
(because you obviously can’t quote the Wrap Secrets Revealed here)

cheers-
Mini

hi peter,

>I see the main drawback being that the tenant may be >currently paying less rent than what you might charge if you >were offering the place to a new tenant.

Possibly true however there is the risk that the tenant will move if you put the rent up. Also I figure that if I have found a good deal that has already got a high yield why be…[Read more]

I have found houses with existing tenants work well for me (that tells me the house is liveable, and at what price. also then if the tenant is OK then i don’t have to find a tenant.) Or else I look for just a great buy. I may or may not wrap to a tenant at some point but I haven’t ‘gone there’ yet.
I don’t really look for renovations as…[Read more]

hiya susie and leigh,

no I don’t have finance, ….well maybe i sort of do…my lump sum which I am playing with is an advance on future royalties, so I guess that’s a form of interested-free finance!

Anyway i intend to hold them for 6 months, maybe do some minor minor renovations (paint? lights? door handles? taps?)
if i get time to go over…[Read more]

just to clarify with the four flats for 35 k i mentioned that was the price for all four…….!!!!!!!!!!!!

Ok you asked me to name a ‘suburb’ except it’s not a suburb, it’s a small regional town. so I will, but before i do that I have to tell you that there are zillions all over the place.
I have bought in waverley (wanganui disctrict) for 23 percent (and I might add, lovely house on huge corner section of 1300 Squm which I can subdivide if i so…[Read more]

thank you sooshie oh guru of post-moving!

mini

Hi spocky

regional areas.

cheers-
Mini

Whoops! I meant to post this as a reply to the insurance thread. Can someone move me please? How embarassing…

5 bedroom house in CBD of Sydney? That would cost 5 million plus. Don’t believe me? look on http://www.realestate.com.au
, I did a search to see what was available, starting with $750,000 and working my way up as i found nothing. There was nothing in the CBD or near with 5 bedrooms for less than that. I think this place would probably be in…[Read more]

The real estate agents in NZ will give you a print out of a couple of pages (depends how big the area is!) of the last houses they sold in the area, with the GV/CV and the price they actually sold for. Then you can figure out what a realistic price should be. In a lot of the areas I am looking in property is sold at 10 percent or 20 percent under…[Read more]

http://www.reinz.org.nz/nzinfo.cfm?view=24
all the legal guts of whether you are allowed to invest in NZ as a non-resident or non-citizen

http://www.lapointe.co.nz/americans.htm
why americans should invest in NZ property

http://www.real-estate-nz.com/properties-in-new-zealand.cfm

you wanna move there? Check Maggie’s…[Read more]

under 65K?
Absolutely, under 30K sometimes. But not in Australia. I haven’t been able to find as good deals in Australia (from a CFP point of view only) as I have in NZ. Where in NZ you ask?
well, practically everywhere that’s not a big city or town. Some regional towns of around 40,000 people have CFP properties, but 20-30 K outside these towns…[Read more]

>John Burley Forum
>http://www.mastermindforum.com/
>(what ever you do, don’t mention Steve’s name here )

sooshie – why???!!!!

Minnie

Thanks so much to everyone that replied. Actually, one of the offers I had thought was bogus ‘that had come in at the last minute on the property you were interested in’ was my own. I’d been emailing ‘Peter’, but put an offer in with ‘Bill’…little did I know (I know now) they work as individuals even at the same office…my offer was rejected…[Read more]

Re Positive cashflow in NZ, yeeeeeeeeaaaaaaaahhhhhhhh!!!
That’s where I’m doing it. OK. I live in Australia so it will have a few problems, but nothing unsurmountable.

Closing costs are heaps cheaper in NZ, i.e. no stamp duty, LIM reports are easy and cheap to get (they are the name of the council reports on properties that show subdivisions,…[Read more]

how does one find a buyer’s agent?

I would like to find one for the area I’m looking in.
But I don’t have any idea how to…..it’s a small country town, y’see….
I’ve tried the local yellow pages (which only yields selling real estate offices) and a local employment agency (no go there either) – I’m a bit stumped.

Any ideas?

Mini

Hi there,

a while ago I found one (on the net) for sale in Bathurst advertised at $160 per week rent for a $35,000 property….

however on another web-site (thanks to steve and brent who pointed it out) the exact same property was for rent at $65 per week.

I didn’t go for it, anyway I loathe bathurst (bad experience).

But I *loved* this…[Read more]

>$175 x 52 weeks = $9,100 p.a.
>$9,100 / $205,000 x 100 = 4.43%

yeah, a little lame, and that’s not taking into account less 10 percent to get it property managed/and or, ‘work’ being a landlord/property managing it yourself…advertising for tenants, repairs and maintenance…it also doesn’t take into account rates, vacancy, closing…[Read more]