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Hi aptam,
it’s funny how you mention to joe if he intends to see the property himself,
i’ve been living in New Zealand for a number of years and have property Investments run under management. and with one investment i never manged to see the property in person until about 5 months after i purchased it, saw it on the internet, faxed an offer, sent a building inspector around recieved his report, sent the property manager around , she sends me emails and photo’s about it.
and the funny thing is it’s only a half an hour drive away.
i do check my bank account regularly though, to make sure the rent is beoing paid.
Have a great day!
Matthew Taylor
“Asking the Questions For Your Property Investment Success”
Weldone Joe,
should be exciting being your 1st property in NZ, great score being an 80 y/o vendor, Moitvated Vendor.
how did you manage to get the property?, through a property finder company or through the internet agents?
Have a great Day!
Matthew Taylor
“Asking the Questions For Your Property Investment Success”
Hi Kiwi-pi,
there are a number of organizations around NZ that are propertyfinders.
the way they mostly sell there property investments is by a deed of assignment once they have secured the contract with the agent
this is there usual sales process.
1. sale and purchase agreement on property-purchaser(company and or nominee)
2. advertise investment for sale to your database of clients.
3. Give client your fee receipt to sign(some charge between $1500-$5000 or more)
4. Client to sign deed of assignment, means they take over contract(or nominee)
5. client purchases property.
NOTE: ensure they have done there due dilligence and you will have to qualify them to make sure that they are pre approved with finance.
here are a few organizations that do it in New Zealand
richmastery.co.nz
hpc.co.nz
nzproperty.com.au
hotpropertyinvestments.co.nz
propertywholesalers.co.nzmaybe you can apply to work for them as they already have a database up and running.
that is the hardest part if your doing it by yourself, is marketing to get a clientbase.
(unless you advertise in the paper maybe?)and you could also go as far as you can with any of these businesses that i mentioned in their sales process to see the nuts and bolts of how to do it.
i hope this helps.
Have a Great Day!
Matthew Taylor
“Asking the Questions For Your Property Investment Success”
