If you are looking for excellent cashflow properties you should visit this website http://www.richmastery.co.nz.. They hunt out great investment deals and do the maths then charge a finders fee, usually well less than what you are saving as they are often below market value.

There are huge benefits to investing here, its well worth the trip!

hi,

unless you are pretty experienced, its hard to know what a property will look like from the plans. When they say its 90m, you need to know what that will feel like. Also there is so much you can not see – how warm/cold is the place, is that room really ok for two kids etc etc. I would stick to houses you can walk through and inspect.
I…[Read more]

i just read the whole thread and CONGRATULATIONS it looks like u just won against a shifty vendor? well done, and good on you for making the move into property![]

I would be a wee bit careful with Dolf De Roos teaching as he is a firm advocate of negative gearing which leaves you with less $ in your pocket and limits your ability to acquire more property – its fine if you have a high income but not if you only have one income (like me) If you are just starting out, borrow library books, search the web and…[Read more]

Thanks for this – as a long term tenant about to turn into a landlord, its a great reminder about the “other side” – those who feel they have some sort of rights when they live in MY house. Any further suggestions/comments to help newbie owners will be appreciated I am sure!
cheers

In NZ the govt policy is to keep investors IN the game not get them out. There is no way the Govt can manage rental housing as effiently as private investors can. Remember that the tax benefits to owning rental property are in effect the same as owning any business – your expenses come off your income before you pay tax on it. Its not just a…[Read more]