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  • Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    May 18, 2004 - 1:49 am

    Thanx Sue and Derek
    Ill see what the solicitor comes up with. If nothing eventuates I will have to look at the bigger picture………look for another solicitor the next time I buy in that town…. :)
    Cheers

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    March 24, 2004 - 12:44 am

    Thanks Castledreamer,
    I have taken alot of what you have said on board for my next IP which will hopefully be soon.Thanx to everyone.[exhappy]

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    Post Count: 50
    March 22, 2004 - 3:53 am

    James
    I will look on the bright side and yes it will be a forced saving indeed.
    We live and we learn. Thanks all
    Andrea

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    March 22, 2004 - 1:31 am

    Thanx Simon. This is a lesson I will learn from. I’m hoping to buy another IP in Easter when I go to NZ, so I won’t be making that mistake again. By the way I’m still wanting to buy in Brisbane after Easter some time, so I’ll contact you as soon as I get NZ out of the way. Thanks

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    March 22, 2004 - 1:25 am

    Most of the banks i researched in NZ, you had to put down 20% deposit if you lived o/s. I heard HSBC let you put 10% down but haven’t checked it out myself.

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    Post Count: 50
    March 18, 2004 - 9:09 am

    Chan,
    I am insured with Tower. They have insured me for home and contents. This cover is full replacement value which was a condition the bank needed for me to get the loan. They were a bit cheaper than rentsure but they dont cover you for unpaid rent. I only know of rentsure and I think NZI that have rent cover.

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    March 18, 2004 - 2:10 am

    Thanx yak, Ive been thinking hard about getting a property manager instead of doing it myself from over here. I can afford to give up a months rent so I might just give the rental insurance a miss.
    Thanx for your help [biggrin]

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    November 4, 2003 - 7:37 am

    Hi Elissa,
    I am in the process of going for a loan with a bank in NZ. It was abit of a toss up between two banks, but have finally decided on one. In that time I was never told I couldn’t get a loan because I am an Australian resident.
    Andrea

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    October 27, 2003 - 3:41 am

    Hi Fudge,
    Plz send me a copy..
    frost5atiprimus.com.au
    Thanks
    Andrea

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    October 25, 2003 - 4:09 am

    Hi guys,
    Thanks for the response. I have rung kiwibank afew times and have been given the same answer each time. I have to be in the country to sign or have a Power of Attorney to sign for me. They said once signing happens, it could take a week to get approved. ANZ said I also had to be in the country to sign, but I could get the ball rolling from this end. They would take 24-48hrs for approval. – Westan when u said u got your IPs financed by Kiwibank, you still had to go to NZ to get your IP loan approved didn’t you?
    I know this doesn’t sound right but what Im trying to do is get a loan without going back there at all.
    Since I have a reliable builder looking at houses that I see on the net, I just want to buy without going to NZ at the moment, hence trying to get a loan over the phone. (Im planning to go back in March but came across a good deal).
    Chandara for you question, I opened an ANZ bank account in NZ, so Im not too sure if you can open one here for NZ.
    I think I will have to get a power of Attorney. Hopefully I can find a lawyer that will be able to do it here otherwise I will have to find a laweyer in NZ

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    Post Count: 50
    October 22, 2003 - 8:58 am

    thanks blackfish,
    will try the classifieds. They certainly don’t lie.
    [;)]

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    October 22, 2003 - 7:09 am

    Thanks Mel and Bill,

    I will be contacting one of the brokers suggested.
    Mel, I know seeing a broker will be very educational for me. Im so new at this but am pleased to get great feed-back to help point me in the right direction.
    Thanks heaps

    Andrea

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    October 22, 2003 - 2:15 am

    Thanks everyone for the great feed back…I think I may try another approach. I left a message at MC for someone to call me back but no one did. Not a good sign..Im abit fighten of selecting a Mortgage broker. You hear so many bad reports but I know I need to. Would like to talk to a broker who really understands your particular needs plz.

    Profile photo of mitzu5mitzu5
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    @mitzu5
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    Post Count: 50
    October 21, 2003 - 12:54 am

    Hey guys,
    Is ringing the Real Estate Agent the only way of finding the out the rental demand?…..I heard some agents can tell you what you want to hear.
    [:)]

    Profile photo of mitzu5mitzu5
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    @mitzu5
    Join Date: 2003
    Post Count: 50
    October 21, 2003 - 12:02 am

    Hello Mel and Weston,
    Thanks Mel for that advice. I was told at a seminar that you should never buy where there is more than 30% that rent. Obviously that was a different situation to what I am looking at now.(positive cashflow)
    Weston after reading your advice I think since I am aiming to buy more in NZ and will retire in NZ it might be best to set up over there. Thanks for your help.

    Profile photo of mitzu5mitzu5
    Participant
    @mitzu5
    Join Date: 2003
    Post Count: 50
    October 14, 2003 - 6:08 am

    Muppet,
    Just wondering what your views are on groups like the above mentioned. Personally, would you use these middle men or go it alone. You seem like an experienced investor as I have been watching this board for awhile. Please email if you like:
    [email protected]
    Thanx

    Profile photo of mitzu5mitzu5
    Participant
    @mitzu5
    Join Date: 2003
    Post Count: 50
    October 14, 2003 - 2:13 am

    Thanks Muppet,
    Got heaps of info from your suggested link.
    As you can tell Im new at this and your help is much appreciated.
    Have a nice day

Viewing 17 posts - 21 through 37 (of 37 total)
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