Hi Sooshie,

Care to share the state/territory regions?

Cheers, Nobleone [thumbsup2]

Hi Mini,

Can I just add in at this point that it is best to ask for testimonials that come with contact details so that you can follow up on what has been said with the alleged sayer.

The reason I say this is because as part of my ‘day job’ I have to write testimonials for some clients and they are not worth the paper (or digital code) they are…[Read more]

Hi Michael,

No real secrets to share regarding NZ… I got a lot of info from this NZ forum http://www.propertytalk.co.nz/index.php

I also got myself on the mailing list of a couple of NZ birdoggers… Their contact details are Alvin from PINZ alvinjohnson@value.net.nz… And Barbara from NZ Bid Dogs barb@vocalbureau.com

Of the three NZ IP’s I…[Read more]

HI Greg,

I live in the same ‘euphemistic’ area… Beerwah to be precise. [suave3]

Would love to catch up and ‘chew the cud’.

I’ll PM you my contact details.

Cheers, Nobleone

Hi Greg,

No apologies needed… I might have made a good start into IP’s but I still need people like yourself to give me reasons to think laterally and out of the box. I’m still learning how to suck eggs. [withstupid]

You’re very right about 18-months being a BIG chunk out of my 5-year plan. To clarify, I will still be moving fwd in NZ with…[Read more]

Hi Greg,

Just a bit of background on where I’m coming from.

Before I purchased anything I released equity in my PPOR through a LOC.

I then found an accountant who’s also a property investor himself, and through him I set up a $2 Pty Ltd and a trust.

Then I spent 8 months reading every book I could get my hands on, reading the archives on this…[Read more]

Hi Marc,

But as I said I have my IP’s at 80% and I plan not to buy anything unless I can put down my 20% deposit.

My plan is to be cautious and not over extend.

Nobleone[oneeyed]

HI Greg,

I wasn’t really signing off on the thread, just saying thank you to those who have replied so far.

I am fairly new to owning IP’s, 5 months all up, so far I have 3 +CF in North Island NZ lowest return I have is 12.3% gross.

I bought all three in different locations on 20% deposits. I wanted +CF so I could show the banks…[Read more]

Hi All,

Thanks for your feedback… Now I’m happy that I’m looking at things correctly.

Cheers, Nobleone [biggrin]

WOW [lmao]

So long as there is a rental demand for these type of properties and it’s for 52 weeks a year I can’t see were the problem is.

Are those prices quoted in cCanadian $ or Aussie Dollars?

Cheers, Nobleone [specool]

Why not just give us the Realestate.com link for your property and let us see ALL the details and make up our own minds about whether it’s a good deal or not?

In other words cut to the chase and put your cards on the table… The more questions you don’t answer and the less details you don’t give out the smellier the rat becomes…

Nobleone

Hi DavidM,

I write radio ads for this area and one of my clients is Peter Vowles Real Estate… Here is his website address and office contact numbers…

http://www.petervowlesrealestate.com.au

46 271 433 Miles or 46 628 077 Chinchilla

How this helps.

Cheers, Nobleone

Hi,

Get yourself a good mortgage broker… He/she will do all the leg work and should know exactly which finance institution to approach once you have given him/her all of your financial details.

They get paid by the banks so it costs you nothing. There are some brokers who are contributers to this forum.

Cheers, Nobleone

A PM is a Private Message…

Me, my wife and 5-year old son just got back from our 4-week holiday to the UK and Spain last Saturday night… Really made us appreciate just how wonderful Australia is… We may not have the history and culture but we’ve sure got the lifestyle, opportunities, diversity of natural beauty and IMHO the best bunch of people that you’d want to call…[Read more]

HI Kelvin,

The property certainly fits the 11-second rule and if you’re sure that there is rental demand for this type of property in the area and you have done all your pest and building inspections then why not go for it?

Remember, don’t get over excited, keep a cool head, do ALL your due dilligence checks and if you are confident you’ve…[Read more]

Hi Joseph,

I have IP’s in NZ and I got my building insurance quotes through Kelly Bradley @ AON New Zealand.

She worked well to my deadlines, some were VERY short deadlines, and has been very professional and couteous.

Her contact number is 06 759 0378. AON is based in New Plymouth.

Cheers, Nobleone. [biggrin]

I’d fix up all the niggling little maintainance jobs and renovate my current IP’s… Get them revalued and refinance into a LOC then start hunting for more IP’s

But if you haven’t already got IP’s I’d Pay down my PPOR, tart it up and refinance into a LOC and still start hunting for IP’s.

Best of luck, Barry

Hi Toad,

You’ll find lots of good advice and reassurance in these forums, I know I have.

Like yourself I started on the cash flow positive trail at the beginning of this year, firstly looking in Australia, only to end up with 3 CF+ investment properties in New Zealand.

There are still plenty to be found there if you don’t mind long distance…[Read more]

Hi All,

One VERY IMPORTANT thing that all the posts seem to have overlooked is that YOU MUST arrange at the very minimum BUILDING INSURANCE on the property you are buying which takes effect on the day of settlement. [ohno]

The lending institute would not be very happy if the day you took possesion your new property accidentally burnt to the…[Read more]