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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 26, 2004 - 4:57 am

    Yea,

    Im actually in the process of contacting brokers etc. to get a see what the chances are. So far, with my income alone, it wont be possible. One option is to go into partership etc.

    We’ll see how that goes.

    Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 22, 2004 - 10:03 pm

    Yea. Im in Aust. I know too well about the HECS :(

    So the chances of me getting a student loan are not as good now? I doubt that they will lend me the money to invest in NZ?

    Only one way to find out.

    Profile photo of slodkislodki
    Member
    @slodki
    Join Date: 2004
    Post Count: 9
    August 21, 2004 - 5:27 am

    Yea, both my brother (17 year old) and i are way ahead of my other mates. Only one of my other mates has read “Rich dad poor dad”.

    I wonder how much harder it would be to get a loan with a NZ bank, compared to Australia. Also, even if we did get a loan i wonder what the interest rates they would charge??

    Only one way to find out i guess :)

    Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 20, 2004 - 11:05 am

    Thanks CastleDreamer and Westan for your replies. Much appreciated.

    Now hopefully its not too long before the ball gets rolling :)

    Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 20, 2004 - 10:54 am

    Very interesting there waynel2. Good read. Thanks mate.

    With regards to investing in NZ. I would probably prefer to invest there in the beggining due to the lower purchase prices involved. I work part time, so does my brother. However he is going to quit soon so he can concentrate on his yr 12 VCE.

    One thing is that, between us we have saved a large (for us) amount of money on ‘normal’ wages that your average teenager makes etc.

    The fact that there is no stamp duty in NZ, and the lower purchase price seems like a good reason to start there. Ive already emailed all the relevent people to be put on the databases. Even if i dont buy a property any time soon, ill at least get a feel for the type of properties i should be looking for.

    If not, like i said, ill invest in NZ with my father, then after unlock some equity to help my brother and i out.

    Slodki

    Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 20, 2004 - 6:24 am

    Thanks for the replies.

    Sounds like ill be joining some databases soon:) I’d like to get a feel for what kind of properties are accepted as +ve cashflow ones.

    Now another, perhaps more silly, question. The main goal, i presume, is to source possitive cashflow properties. Now, seeing that the people living in Australia dont have the possiblity of checking the area out, speak to neighbours or the locals, etc, how do we know that the property really will be a +ve cashflow property. Sorry to sound so naive and rude. No offence to any of the spotters.

    I mean, there is no guarantees etc. However, i highly doubt people on these forums would try to play games with other people and their money. I hope some of you can see where im comming from. I would be investing in an overseas market, only having evidence and facts ‘on paper’ without actually speaking to the people there, having a look around the area etc. For me that would be out of the question to do that everytime i wanted to purchase a property. What im trying to say is that i guess you need a bit of trust in these people? Is that right?

    Like i said previously, i dont want anyone taking any offence to my comments. Im starting out and want to see how this all works.

    Thank you and have a good day.

    Slodki

    Profile photo of slodkislodki
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    @slodki
    Join Date: 2004
    Post Count: 9
    August 20, 2004 - 1:59 am

    Thanks for the replies :)

    I might actually get my dad started as well. He seems keen and interested from what ive told him. Plus we’re building a townhouse at the back of a property we’ve brought and renovating the front property.

    Maybe by the time he buys a few houses, my brother and i would save up a bit more, and like you suggested unlock some equity :)

    Thanks for all the answers. Much appreciated :)

    Profile photo of slodkislodki
    Member
    @slodki
    Join Date: 2004
    Post Count: 9
    August 19, 2004 - 12:08 pm

    Hi.

    First post here :) Great forum you have here guys/gals :)

    After reading steves book im pumped up about the positive gearing thing. I know its a bit late, but im only 18 now, and thinking of investing with my brother.

    Anyways. To the point. You say the spotters on these forums dont charge outrageous fees. What kind of fees are we talking about. Obviously different people will have different fees, but i just want to get a general idea.

    Also, when i pay the fee. What do i get in return. The location of the property and the number to the RE agent? Sorry for sounding so naive, but im really a beginner in the whole area. Do you get any other type of information as well?

    Also, would you just contact the relevant forum member through pm and ask them for any possible properties they might ‘have in stock’?

    Sorry if the thread was hijacked :)

    Slodki

Viewing 8 posts - 1 through 8 (of 8 total)