Hi Kerwyn

yes deals showing 10% are near impossible to find in Marton. I put the post of for those who already own in Marton.

i’ve encouraged a lot of people to buy in Marton and many have and have had huge capital growth and rental growth also.

I’ve actually just put 2 properties on the market in Marton- but the returns are well under the 10%…[Read more]

Hi Scott

i think you are right you need to speak to some professionals before you embark on your invesment journey but be aware not all the advise is going to be helpful.

I think you need to first of all write down your investing strategy, where are you at financially now and where are you going to be in the future and how are you going to get…[Read more]

Hi
i was thinking along the same lines as Dazzling,

other things to consider re retirement and waiting till then to sell are

are you expecting to get the pension or part pension as there will be implications there.

regards westan

http://www.nzpropertytogo.com
check it out !

hi ax6

it sounds like you want to sell, if that’s the case how about this.

Firstly fix up the IP and sell it , (only if the work will increase the value of the property).

To keep the wife happy tell her that 1/2 the “additional” profit you make by working on the IP first can be used by her to add some extras to the home renovations.

I used to…[Read more]

Hi Glen

sorry i just read your profile and see you are only 17. let me start again

It is far better is you can get licensed as a real estate agent, by doing the course you will learn all you need to about property law etc. In some states its a legal requierment to have a license (i think), i’m living in New Zealand at the moment and i don’t…[Read more]

Hi Glen

no sorry i think its you who missed my point. But if you really want to bird dog then this is all you need to do.

find great deals

build personal credibility

find buyers

learn how to negotiate

learn property laws

build a team

work very long hours

have a desire to help others

do something different- find your own markets

Make…[Read more]

cymberlineshakespeare

with leasehold you don’t own the land, just the building, in theory the lease may one day change the arrangement ie -put up lease etc.

Napier has large areas of lease hold land they will soon or have recently dramatically increased the annual lease fee.

regards westan

http://www.nzpropertytogo.com
check it out !

Hi T1

as far as an accountant goes try Dale Gatherum Goss in Kilsyth.

Now the cash positive property questions, i agree with the comments made to you that there are no longer decent deals in Oz, In fact apart from a home to live in i haven’t bought there since 2003, Today you really need to buy off shore if you want cash positive.

Deals can…[Read more]

Hi milenko

I don’t want to make too many comments on your current purchase as i don’t know that part of Adelaide, but i can see from the figures this property is making a heavy loss. You will only make money from this deal if it goes up in value.
My thoughts are

you can’t afford to buy more negative geared properties so only buy cash positive…[Read more]

hi paul

far enough if it works for you. But i’m still struggling.

i still can’t see how you could find a tenant that would be happy to live in a house that is being done up? The idea of painting a home while a tenant is in it ?? Putting in new carpet ???

If you know the rent market is strong. Just Buy the house tee up the work to be done on…[Read more]

Hi glenn

go do 20 deals for yourself, get some personal experience in investing, thats the best training you can get before you are able to expect others to pay for your services.

Sorry to be harsh but i see a lot of people think its an easy way to make money, you actually have a great responsibility with helping others invest.

regards…[Read more]

Hi paul

far comments, i agree about the improved property. Thats a key to offer a product that is better than average = higher rentals, better tenants and longer tenancies.

Re the clause- often in towns that are smaller there is only a few property managers, sometimes you may not have the luxury of using a different manager to the selling…[Read more]

Hi

i use the Home Transfer centre, they are very cheap about $564, they have offices in Dunedin and Auckland. The service is adequate.

If its straight forward they are fine, if its complicated (ie commercial deal, farm etc) then see a solicitor.

regards westan

http://www.nzpropertytogo.com
check it out !

Hi Del

yes as a % Harvey bay is the 2nd fastest growth area of OZ, so you are living and investing in the right area. Mandurah is 1st but it only has 15,000 people so its only a little place.

check this out
http://www.thebigshift.com.au/pdf/Media_release_-_Australia.pdf

OK a quiz for you, what is the fastest growing city in Australia- purely on…[Read more]

Hi all

Minimogul i agree, when we were buying agents in NZ we had no problems getting finance for properties in regional areas and neither did our clients. The major banks were happy to lend (ANZ, Westpac, Kiwibank and BNZ) just to name a few. Certainly never even an issue.

Minimogul i was about to spill the beans and tell all how easy it is…[Read more]

Hi djmetz

Christchurch is a great spot, and growing in population, soon it will be bigger than Wellington. There are heaps of developments happening all the time, so its a center worth looking at.
Prices have risen a lot over the past couple of years but if you are creative you can still find some deals.
Castledreamer on this forum has just…[Read more]

Hi cymberlineshakespeare

i like greymouth, for the following reasons

largest center on the South Islands West Coast, it will always be a major town for that reason,
It could have some upside with the Coal deposits in the area.
Nice little city.

i don’t like greymouth for these reason
the price has already risen heaps and will struggle to have…[Read more]

Hi Willi

remember sometimes agents can get you a better price than if you sold it yourself !

regards westan

http://www.nzpropertytogo.com
check it out !

Hi Del

do you feel that the incredibly strong population growth that Harvey Bay has experienced over recent history will continue ?

regards westan

http://www.nzpropertytogo.com
check it out !

Hi twin peaks

i use Ron to sell my Dunedin homes he is from LJ Hookers in Dunedin (unlike a-workaholic i’m not related to my recommendation[biggrin]).

Ron is a straight shooter, knows the market and works for the seller.

As far as 4.5% goes thats the standard fee, you maybe able negotiate it down to 4%

regards westan

Break into the…[Read more]