Scrim = wooden wall where wall paper is placed over.
Gib = similar to plaster board.
Crib (south island) & Bach (north island) = small holiday house

Oh, and Dairy, which is a milkbar [biggrin]

Hi Julian,

Thanks for the reply. I got a quote from Rent a Dent, it’s reasonable. I am in the process of organising everything this week. Can’t wait

Regards,
Ozi

Hi twinpeaks,

Sorry I can’t help out with an answer to your debt recovery question, but I have something else to ask you. You mention that the property is a “student rental property”. Does this mean that it is located on campus or something like that? Why can’t you rent it out to non-students? I’m sure there is a reason, one which you have…[Read more]

Sorry, could I hi-jack this thread and ask of those people who have purchased in NZ previously, if they are no longer buying in NZ, why that is?

I think it would be good to hear stories from both parties.

Cheers
ozy

Hi Westan,

Thanks for the great summary! As you already know, I plan to purchase in NZ this year. I have booked my tickets, i’ll be arriving on the 9th Feb. I will be contacting you soon

Cheers
ozy

Originally posted by vardenvoom27367:
I’m pretty sure there is no CGT either!

Not if you are a NZ resident. Us Aussies still have to pay CGT if we sell, unless you have some creative structure setup (I think).

Originally posted by vardenvoom27367:
council rates can be as low as $600 p/a.

… and also as high as $1600 in some areas!

Regards,
Ozi

Can I ask what the “new 11 second solution” is? Or is this a secret only for seminar attendees?

Regards,
Ozi

Originally posted by MiniMogul:
Basically, I reckon I could write a better magazine myself.

Hey Mini,

If you do decide to bring out your own Kiwi investor magazine, put me down as your first subscriber [biggrin]

Regards,
Ozi

Just an update, I emailed ESPY magazine (they are the seller i think) and they actually do have the back issues I was after. I placed an order

Regards,
Ozi

Thanks muppet,

I managed to trace some back issues on the site you suggested, but couldn’t find all of the editions I was after. I’ll keep an eye out.

Regards,
Ozi

Hi FireCaesar,

Rental yield = (weekly rent * 52) / purchase prize x 100

Eg: Rent = $100 p/w
Purchase price = $50,000

Yield = (100 x 52) / 50000 x 100 = 10.4%

Regards,
Ozi

Thanks Glenn,

I think you have to be the only person I’ve come across who is happy with their Brother printer I’ve had one before and wasn’t too happy with it… i don’t think i’ll get one again. Thanks anyway.

Anyone else have any opinions?

Regards,
Ozi

Thanks Clint! I’ll check it out.

I’d say yes, everyone can be rich! Sure, the money circulates in the community, but it’s what the people do with the money that counts. If they put the money to good use, i.e. invest and make the money work for them, then they on their way to financial freedom… however if they blow it on useless luxuries, then their hard earned cash goes to…[Read more]

Simon,

Can you give us more info on the PO loans soon to come out? How do the lenders make money if they aren’t charging you interest? Surely there has got to be a catch (large on-going fees, etc…)?

Regards,
Ozi

How much are they renting for?
Boy i’d hate to be the property manager chasing up the rent from those nasty bears.. hehe

Is this post for real?

Hi Salla,

I too am going to NZ in January. I’ve hear that January is generally a quiet time in NZ, wit a lot of people going on holidays etc… i guess this could be a good thing and a bad thing for us.

Regards,
Ozi

Originally posted by Sonja:
Hi Martia,

I’ve been told that it will be available again in early 2005.

Regards
Sonja

A revised version that is, not the old one.

Regards,
Ozi

Terryw,

That’s a great idea, I love it!! Tax deductable Christmas presents!

Ozi

aussierogue,

I just finished reading the book the other week and agree with you totally! The thing that worried me is, sure this approach can get your more equity hence more finance. But what if for some unforseen reason you need to sell one of these properties?? You may then be in a position where your borrowings are greater than the sale price.…[Read more]