SHales,As a buyers agents I do NO weekends unless I choose to (i.e. checking out open homes) and NO staffing of open homes because I'm selling to my database not the general public.  Depending on how you are on-selling, being a buyers agent can be more behind the scenes, at least the way I have it set up in NZ is.  I do most of my buying priva…[Read more]

SHales, that's the BIG problem in NZ, anyone can hang a shingle up calling themselves a buyers agent.  At the moment there is no accreditation program and there needs to be one.  I have assigned more than 100 contracts and I'm grouped under the same umbrella as someone who has done one contract and is calling themselves a buyers agent.  That sai…[Read more]

Moana_fusion is right on the money!  I work as a buyers agent in NZ and have a good clientele of NZ and Aussie buyers simply because I can find them deals they can't find themselves, and I do ALL their legwork!    A good buyers agent can save you thousands of dollars because they will know their buying patch intimately and will be way more exp…[Read more]

Daniel Arnold's book "The Great Bust Ahead" … http://www.thegreatbustahead.com is an excellent read (small book, easy to read) putting reality on the table.The more trillions the US prints the worse its going to get (depending on what you're investing in)Another good read:  The Second Great Depression Starting 2007 Ending 2020 by Warren…[Read more]

Very do-able in New Zealand.  I have friends who've done exactly this for the past four years, even through hard markets.  If you're buying well, it shouldn't be a problem.Remember Rule #1:  YOU MAKE YOUR MONEY WHEN YOU BUY.Vicky

Yes, that's right Richard, I was referring to them being on strata titles.  Good to  hear the banks in Oz are OK with four on one title still.  They've got a bit toxic on that idea over the ditch!!Vicky

A quick phone call to your friendly mortgage broker or bank manager should answer that question.But I'll put my money on commercial lending for this one, unless they're on two separate titles, then you'll probably be fine and could mortgage with two separate banks.Vicky

Hi KY,Yes, definitely I can give you an update.  If you send me an email I'll be in contact shortly — finder@buyersagents.co.nz.Vicky

Yeah GO YOU Scott No Mates …. … but I thought we were all here on this post to make  comments and suggestions that  might  help AnthonyS figure out a solution.Vicky

Sounds like a good plan, plus it will give you all a good idea what living together is like.  All the best with your venture.Vicky

Anthony, what are your investing rules?Steve's 1% rule is great, but what is YOUR rule?  What are your investing goals?  Defining these will help you know if buying this is a good deal or not.Do some goal setting, decide what you're looking for and then go hunting, because when you run across it you will know, because it will "tick all your box…[Read more]

Have you considered the idea of owning a large house converted into individual flats, or a small block of flats so you can all have your own individual space?  Just a thought as this is likely to end up being a fairly long-term relationship and as soon as one or more of you starts getting serious about marriage and/or children it could upset the…[Read more]

At the risk of sounding really stupid, maybe I've missed something here, but ………… why wouldn't you purchase an investment property that is already cashflow positive funded at 100% now and let the tenants pay it off for you over the next 10 years?Vicky

 I think I'm liking the New Zealand system better  Vicky

Excellent Video!

I'm in NZ, so not familiar with how your Ozzie Sales and Purchase contract works, so I'm a bit surprised that you have to lose 0.025% ($????).  Can someone explain that process to me please?In NZ, we don't pay a cent until the contract is unconditional, i.e. we are 100% satisfied with valuation, building inspection, lawyer has checked title, and…[Read more]

All good books recommended by wealth4life Seddar — get reading lad Well done BTW, I'm impressed!!!With the drive and ambition you are exhibiting here, I'm sure you will succeed provided you do sufficient RESEARCH RESEARCH RESEARCH to keep yourself safe.  SHales has provided you with an excellent list to be working on.Continue hanging out here on…[Read more]

Yan, I have NEVER heard of a valuer changing his valuation days after writing the figure. Once written, cast in stone for at least three months!!!That said, you could have 10 valuations done by 10 different valuers all on same day and expect to get 10 different figures.  For example, I know of somebody (not me!) who had valuation done here in NZ…[Read more]

Fair call gmh454.  I am primarily speaking of people buying who have positioned themselves to be in a good place to take advantage of the great deals we are seeing, people that are happy to buy with a 4% spread from interest rate vs. yield, people that presumably are not out of work or working less hours.My buyers list is growing in leaps and…[Read more]

Almost sounds too good to be true doesn't it?!!  Thanks for the links, quite interesting reading.  If I was considering such an escapade, I'd be wanting to speak with a few people who had used the produce and ask them how they found it worked.  Any good retailer selling the product should be able to give you references to call.I'm interested to he…[Read more]