Hi Flash

Arizona- as you are probably aware the southern states of the US are where all the population growth is happening, California, Arizona, Texas, Florida etc.

With Arizon i looked at Pheonix last Nov 2004, and whilst i loved the place i was a bit concerned about the high vacancy rates there. pheonix is one of the fasted growing cities in…[Read more]

Hi Guys

Richard you have done incredibly well with your Californian investemtns (i remember you’ve mentioned them before to me).
Even though i said Califoria is touted as an area about to bust, if i owned sea view property in Califoria i wouldn’t sell! I know you aren’t suggesting you will, i am just making a comment.

as far as finance goes ,…[Read more]

Hi Nigel

You are obviously investing in these areas for a purpose.
Can i ask how are your investors going to make money on these deals ?
I have no doubt that Christchurch is a growing city, but growth alone doesn’t dictate appreciation of home prices.
The latest reseach out shows Christchurch’s housing market is flat and economists expect it to…[Read more]

Hi again

Just in response to what other have written.

Lets pose the question how do you make money safely in a downmarket ? As stated i avoid investing maybe others have some good ideas ?

On another matter
while i encourage reading and reasearch, Don’t overlook reading and research about the direction of the big picture
1. Where is the economy…[Read more]

Hi guys

Del i agree i’m sitting on the sidelines (unless i see a snorter of a deal in Both Oz and NZ)

Blogs you are right it is really simple. But its not that easy in a downward market as its possible to buy Low and the market drops more, Added to this is the fact that not many people are buying in a down market so you could get stuck with a…[Read more]

Hi parkdog

As far as markets to look for in the US. Well it comes down to what are you hoping to achieve.

If its purely cashflow then New York state has some fantastic potential.

If you chasing cash flow and capital growth then i like Texas.

If you are chasing Capital growth only then you will probably end up buying in California or another…[Read more]

Hi Don

the worry is if people switch to fixed rates but down alter their spending habits NZ is headed for huge economic problems.
Not the least of which will be higher interest rates and the negative impact they have on the whole economy. Loss of profits foir exporters , loss of jobs etc ettc , it keeps going on.

have a read of Bollards “media…[Read more]

Hi Del

sorry i remember you told me that before.
Just out of interest is there any conection between us arriving back in Australia on the 13th and you leaving Victoria the day before ?[blink]

actually i’d love to pop in and see you guys when i’m next in QLD

(sorry everyone else this topic has become a bit boring for the rest of you).

regards…[Read more]

Hi Guys

The whole interest rate discussions seems to be a bit of a moot point if you are to believe the figures quoted on tonights tv2 news here in NZ.

Don if those figures are true (no reason to doubt them) then there are still 20% of the market that are on the variable rate, better for them to fix it don’t you think ! that was my original…[Read more]

Hi Wilandel

how’s your own personal seachange ?

Have you moved yet? We arrive home to Australia in Dec, hope we can see you before you head north.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Guys

Thanks for your thought Brisbane 04.

Nigel your email has change tact and you are pushing research. Lets go with that.

I agree research is essential. I encourge everyone to do research. You will find that we are very honest about the areas in NY where we are investing in that they have had populastion loss over the past 30 years (now…[Read more]

Hi Brendon

those costs you mentioned can vary greatly from property to property. Each investment needs to be worked out by itself.

If anyone give you a figure for each of those expenses then it will lead to a faulty assessment of the investments performance.

Facture that effect the figures are

Management costs can run from 7% up to 10%…[Read more]

Hi Nigel

thank you for the apology, But i’d still like to know where the attack came from ?

In regards to my views on NZ being different to yours. I have always posted the way i see things, certainly i’m talking in gerenalizations and good deals can be made in any market at any time. Those who have been on the forum a long time will know that…[Read more]

Nigel

why do you call it a cowboy tour ?

what do you know about it ?

would you like to hear what the people who were on the tour actually said about it ?
And more importantly what sorts of investment opportunities we are able to present in Texas ?

I’m finding your personal attacks on my a little annoying.
Ask your associates Rikky and Cameron…[Read more]

Nigel

Why are you being personally insulting to me ?

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi cyclist

I’m with swampy30 , You will only make money if the property appreciates in value. Once you add Stamp duty etc and then Agents selling costs it will take some growth to even break even.

Best to do all your sums, I’m not privey to all the details but on the face of it , this deal wouldn’t be something that i’d be chacing

regards…[Read more]

Hi guys

i might be sensative, but i feel there are a few barbs at me !!

Firstly Nkibel, Buffalo isn’t the only place i’ve been buying in the USA. I suggest you ask the 3 colleges of yours where they first heard of the city you are going to in Texas. Guess what it was from me! Yes thats right just ask them. By the way i love Texas thats why we…[Read more]

Hi waysolid

if your heading to the same country everytime why not set up an account in that country (if you can)

I’ve been to the US 4 times in the past 12 months an i set up a US account. I then transfer money once to this account and use the Debit card. Oh and i use Ozforex to tranfer the money OS its free for amounts over $10,000.

regards…[Read more]

Hi Rikky

no i don’t, i just use the free service. Maybe i should pay , i love the program.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Jarred

make sure your home is well presented and take it to First National to Manage. there are lots of poorly presented properties vacant in Gore at the moment.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com