[] Hey everyone. Susie Langmaid & partner Aaron here – the one’s who left our beautiful Gold Coast region to come & try our reno expertise in Wanganui.
Well, we must say we absolutely love it here. Wanganui is full of really nice people, there’s heaps of industry, great schools & uni’s and fabulous houses.
Aaron & I did really well on our first reno which was a total transformation in just 8 weeks both internal & external, we found that ugly duckling & turned it into a home to be proud of. Sold pretty quickly, but I must say it was bl…y hard yakka though.
O.K. some food for thought. There are still a few good passive income buys here in the lower price range but you really have to be very carefull where you purchase & what you are getting for your hard earned $$$$$. Maybe you’d like to take this into consideration. A good friend of ours here in Wanganui is a property manager who says that he is now considering knocking back a lot of ‘cheapie’ properties out of town investors are buying up & asking him to rent out – a bit of over supply on the cheap end of the scale, however, good family properties over the $100k mark are ever so hard to get hold of to potential tenants. So, in turn, Aaron & I have purchased a big character villa with magnificent river views on a big ‘section'(block of land) but was built in 1919 and quite a bit tired. Our property manager friend says he would be able to rent it out immediately to really good exec type tenants & it would come in heaps cashflow poss to us. Maybe a good thing for some of you to consider.
I’d be happy to check out places for the potential purchaser in or around Wanganui if you can’t make it here yourself just drop me an e-mail at least I can let you know what the area is like.
Have had the pleasure of Mini Mogul’s (& another lovely forumite!!)’s company while we’ve been here & it was fun to take them around.
Okay, gotta go, happy house hunting and by the way, since I discovered this site maybe 2yrs ago, Aaron & I are now the proud owners of 6 fabulous properties.
“Cheers big Ears”!!! Love Susie
[email protected]

Hi there,
Rocky rates are $1460.00pa

Cheers big Ears!!!
Suss.

[] Hey Cookster,

Sorry, lips are sealed, but “think outside the square”

3 x I.P.’s in QLD, 2 x I.P.’s in N.Z.

Remember, if it’s cashflow you’re after it doesn’t really matter what state, country you invest in.
Cheers big Ears!!! Susie.

[8D]
Lifestyle,
Yep, just recently the N.Z. banks have changed their criteria to 20% deposit.
You might want to contact Wizard(in N.Z. though) they are very helpfull.

Cheers big Ears!!! Susie.

OOOPS!!! Having a blonde day. Only answered half your question.
We find it pretty easy managing them ourselves.
You can download a lease from http://www.rta.qld.gov.au
We have all the rents directly deposited into our account. I ring our tenants once a month, ask how they are & if they need anything (maybe not for everyone but we find they love us for doing this).
“quote” you’re the best landlords we’ve ever had!!

Cheers big Ears!!! Suss

Morning, Simon the man,

Try going through an “Insurance Broker” as I’m sure they’d have come across others in your situation. I agree with the previous post, you will probably have to pay more but unfortunately that’s the way it will be. Just keep trying, someone will say ‘yes’.
Cheers big Ears!!! Susie.

Steve, cash flow pos. plus a ‘win-win’ situation, go for it. We have two houses on the North Isl and you can only obtain finance from N.Z.
It’s pretty easy to do it from Aust. Someone suggested Kiwi Bank – you must already have a current account for them to help you. Wizard (in N.Z.) are very helpful or I have a really good mortgage broker over there. If you’d like his e-mail address, just send me an e-mail.

Cheers big Ears!!! [email protected]

[]
Hey Bruce G
You must have a brother called Paul right?
If not, he maybe your cousin, right?

It’s usually Cheers big Ears!!!
But in your case it’s
Cheers big Mouth!!!

Welcome Vindaman,
If this is a deal flying into Queensland, I’d urge you to please look into this further as it sounds like 2 tier marketing to me, this is where the developer hires agents to sell their own developments & offers the agents BIG commissions so they’d sell anything to anyone even their own grannies!!!
Cheers big Ears!!! Susie. (Gold Coast)

Afternoon Heidic,
1. Yes, you must have 20% deposit & re drawing on your equity is o.k.
2. You need to find a really good mortgage broker and need to buy on a “stand alone” basis.
3. Don’t forget that rental attracts 12.5% G.S.T.
4. MOST IMPORTANT OF ALL – you must know your areas. Do lots & lots of homework.

Cheers big Ears!!! Susie.