Wow advertising in my post complaining about advertising!

That sucks big time!

What CG did you acheive?

What do you consider to be zero?

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3) stack the contract and lie to the bank

[confused2] and how does one do this?

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database

Cheers MiniMogul & peterhutchy

Good info, good thread.

[biggrin]

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database

Hi

Ok, I’ve been looking at properties around 50k myself. My main concern is that I could be buying a “problem”, for example the place needs painting throughout and tiling work.

Now I understand that buying a problem and solving that problem is a way to make significant steps in investing, BUT (and I think it deserves a big BUT) there seems to be significant risks associated with this that investors may be ignoring for the sake of high returns.

If the investor lives in WA or in many other areas of Australia you can’t just pop over to NZ when things aren’t going well. I’ve personnel found that if I have a trade’s person do some work for me I generally have to make sure a) it gets done b) the quality is to the expected standard. I would not expect a PM to manage this for me.

So ok you get some with a good reputation to do the work – the problem here is everyone has a bad day once in a while and how do you plan to solve that problem?

I know this is a little negative sounding but I thought it important to mention as I’ve not really read anything highlighting these factors lately.

So to conclude, don’t just look at the returns and become blinded by them, risk is ok only when managed correctly. Many of the NZ properties I’ve seen (email or internet) have looked great but do your homework!

I suspect that in a year or so we may see a significant number of NZ properties on the market because they have become rundown and the current owner can’t (for what ever reason) fix the place up.

Cheers for reading [biggrin]

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database

Hi

This “illegal” thing has come up a few times now..

I’ve done some research of my own and have found no issues doing this in WA.

For myself the legal issues I came across were that unlike NZ I can’t sign a contract and then hand it over to someone else, if my name is on the contract then it is me who is buying the property.

I assume things can be very different in other states.

Comments welcome

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database

Hi Everyone

I’m not overly concern myself.

Yes I’m heavily geared, but I’ve made choices over the pass few months to not only reduce my risk to rate rises but to also increase my capacity to save and buy more IPs.

I don’t think it’s a situation that people have to panic and become inactive in a hope that inactivity in the property market will save them.

If you’re a serious investor you should be looking at refining/refocusing your strategies (if you haven’t already). There are always reasons not to continue investing, the key is to have a plan and understand your own financial situation.

There are little choices I’ve made (no big screen TV or Foxtel) and there are bigger career choices I’ve made. These are choices I’ve made are for my security and my future.

I enjoy investing in property and as a side effect of this I make a little money.

So I think the main issue for people is for them to understand themselves and not to be overcome by the “collective fear”.

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Hi Agile

You should be able to access your equity by arranging a LOC, then use these funds to invest in NZ.

This would however mean you owe money in OZ and NZ on the NZ property and therefore have some exposure to currency changes.

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database

Just emailed those to everyone I work with.

V Funny

[thumbsupanim]

I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database