Hi Rick

As you know I am going there next week. I qwill try to supply a travel log of my trip.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

I have asked you, How long did you spend in Buffalo? Did you attend on your own or travel in a group? I am not going to name people on a forum. They know who they are.

If I am buying property for myself or my clients then it is because I carry out the research. I would not dream of telling someone to invest without going there. Hence why I am going to the United States. But I am not going to Buffalo, because I do not have time to waste. I have no intention of investing there or would I advice anyone dealing with me or our investment group. If you do not do the research why are you looking to buy there?

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

As I said, If people do the research and make and informed decision that is up to them. We all have investment stratagies and different views. My concern as mentioned is that a lot of people are buying property without doing any research.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Firstly clearly it is easy to talk about what I do without knowing. I do not tell people at a workshop what they should do but rather show them how to carry out the research so that they can make an informed decision. The fact that I believe that there are better places to invest than Buffalo is my personal view and those of a number of other people who have looked at but in the end decided not to go there. My issue is that too many people blindly invest without looking at the facts. Could there be good areas to invest in Buffalo, I am sure there may be however there are much betters ares to invest in when you consider the high taxes that you will pay, and there are a lot of slum areas there. My personal view is that it is better to take a concervative view when investing. Go to areas that are easy to rent out where finance is not an issue and you can readily get a good property manager to look after your interests. If you are interested do not buy there without doing your research. If you do that and decide to buy as I said you are at least making an informed decision

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

I think that America is a great place to invest. Iam going there in a week. But not Buffalo. It is a slum. What is second rate will remain so. In the comments on New Zealand I agree with Rick. People have made money out of one horse towns but not now. You always need to look at an area for what it is. In a city like Christchurch you an buy great property and although the returns are not as strong as they were a year ago they can and will still be great long term investments. I think that there are great opportunities in the USA. However it is important to research a market before you foolishly through your money away as so many people in property seem happy to do.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

One last point is that I am still coming across Australians looking to invest in the apartment market. There are marketing companies still pushing this rubbish. One person had been offered a 51 sqm 2 bedroom apartment for around $250,000 and guess what he would recieve a return of $400 per week. What rubbish, I suggested that he burn his money instead. Before you waste your money do your own research. Search and see what properties are selling for in the established market.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Part of the problem in Auckland is that most of the people investing in the apartments are Australian investors. This may have a two fold effect, when prices start falling and returns keep dropping, who will buy the apartmentsoff the Australian investors. From what I am seeing, most locals will not touch apartments with a ten foot pole. The other effect could be as investors become desperate to obtain tenants the rents will fall and effect other areas of Auckland.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Why not have the best of both worlds, deal in Australia through Alistair Perry who can be contacted on 03 9662 1999 or 0407787313. He can source finace in New Zealand and he also works through one of the best brokers in New Zealand.
It costs you no more to do so.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

A great book on New Zealand investing is The guide to New Zealand Property Investing by ASnthony Anderson and Sigrid Castella. They are two Australian investors who say their experiences and research. A great read.
There is a link on my web site. I do not reciece a cent from there book sales. I just think it is a great resourse

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

He is in Melbourne, however if you want a great structural accountant there is none better than Stuart Smith from the ASG group. He can be contacted on 03 9646 0987.

or [email protected]

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars