Hi razza

i can’t send attachments to you through the email on the forum, so can you email me and i’ll get your email address from that.

in regards to mini try sending her a PM, look up members on the left hand links, she is on the first page as she is a great contibutor to this forum.

regards westan

USA information evenings in Melb, Syd and…[Read more]

Hi Tina

thats a tough challenge ahead for you. Without knowing your full story and on the small amount of info we are told this is what i’d do. (i should mention that my approach to investing is only buy cheaper homes that have cash flow for example i’m buying properties showing a yeild of over 20% at the moment).
So i’d be inclined to reduce…[Read more]

Hi foundation,

as far as NZ have already started to clamp down on foreigners withdrawing CG profits from the country without being taxed i’m not sure what you mean ? Australia has a tax treaty with NZ. If an aussie makes a capital gain in NZ then they are required to declare it on their Australian Tax return. There has been no change to that…[Read more]

Hi Superman

i’ve been over the States a few times recently and i’d heard how big LA was but it shocked me by the size. I drove from the airport towards Las Vegas at 100km an hour on the freeway and it was well over an hour before i got to the edge of the city. If i drove south it would have taken even longer to get out of the city.

regards…[Read more]

Hi Terry

well done on 3000 helpful and insightful posts (not many were down here in Forum frolic unlike some hey PG and Chan [biggrin]).

Terry you’ve been a great contibutor over many years, thanks for all your input, you’ve helped make this the best property forum in Australia, maybe the world.

regards westan

USA information evenings in Melb,…[Read more]

Hi razza

all the best with your NZ trip. i’m not active spotting in NZ but i’m happy to send you written info on investing in NZ.

for spotters who know NZ try Minimogul. Its important to deal with someone who knows the local market she has people who live in NZ sourcing the deals.

regards westan

USA information evenings in Melb, Syd and…[Read more]

Hi Guys

thanks Greg for your support.

Nat – you don’t know how to get a loan in the US or even what the prevailing interest rates are??? why do you say this when in my posts i’ve clearly stated that i’ve got finance? Do me the courtesy and Please read what i’ve written before you have a go at me! In my posts i said a number of time that i do…[Read more]

Hi banjo

i’ve not used them but a number of our clients have, and i’ve only heard good reports about them.
I’ve never meet Mick (from Hunter house hunters)but i have spoken to him on the phone and i know giving good service and going the right thing by the buyer is of paramount importance to him.

I believe Mick has an excellent knowledge of the…[Read more]

Hi loungeact

will they double in 7 years ??? i’ve got no idea to be honest, anyone who says different is only Guessing. When we look at the past in Victoria prices have doubled in recent years but after very long periods of no or little growth. Melbourne as out performed most of Victoria over the long period (say 20 years), but over the past 3…[Read more]

Hi Chris

its agreat idea turning 2 bedrooms into 3 bedders, i’ve done this myself a few times on properties always adding much more value to the home than it cost. It is, as others have said, an easy process and depending how cheap your labourers charge it could be done for around $1500. I don’t think you need a permitt for this type of work but…[Read more]

sorry i should elaborate. Those who know the Victorian market will be aware that the Latrobe Valley was very cheap (before 1999), Thanks to Steve heaps of investors from his seminars flooded the area (they weren’t the only ones) and pushed prices sky high (some people were fortunate to sell with this buying interest [biggrin]) today the investors…[Read more]

Hi Guys

with that sort of interest in Tok, i think its time to take your money and run (sorry Muppet and Mini).

there are better places to invest in NZ than Tok.

regards westan

USA information evenings in Melb, Syd and Brisbane in early April, email me for more info. We find cash positive deals showing 15-25% Returns in the USA email me at…[Read more]

Hi bomandlouisa

as far as areas to look
for capital growth (remember everywheres already gone up heaps) Hamilton, Gisborne, Chrstchurch Dunedin and Invercargill.

For 10% returns look at Tokoroa, Invercargill, smaller places of about 5000 people.

Also consider a property finder such as Minimogul she has some great deals but there are difficult…[Read more]

Hi Loungeact

trying to predict the capital gains of an area is very tricky. Better to focus on area that something is happening in that will boost the town. I haven’t lived in Victoria for 12 months so i’ve lost track a bit but for example Portland has huge potential with the new timber/pulp mill planned , this is a billion dollar development.…[Read more]

Hi all

roessler- a property should be bringing in passive income throughout the whole time you have it as an investment. If you buy well it should be putting cash in your pocket. But some times its important to cash in especially if the asset is underpreforming and you can’t fix this problem. Its also important to sell if you need to free up…[Read more]

Hi all

paul- thanks for that , yes i knew that it hard to get finance with an LLC, my broker can’t lend to them. However there are ways around this issue.

Tiger- “if good finance is available” its interesting because when i stated investigating the states in mid 2004 i thought i’d be able to get 15 year fixed loans at 4.5%(americans can), if i…[Read more]

Hi kaos

i’m not sure what you have heard, but this is my take on it a s an investor in NZ for nearly 2 years.
1, You must use a property managers
2, generally NZ PM’s are of a lesser standard than those i’m used to in OZ,
3, as with Australia there are some bad ones and some excellent ones.

Sorry yopu question is hard to answer , its sort of…[Read more]

Hi Landt64

thanks for the reply, the main issue is the fact that we are foreigners (well we aren’t really they are aren’t they[biggrin]) and this makes it very tricky.
I’ve spoken to lots of people who tell mne they can giove finance to foreigners only to be told a few days later they can’t do it. Thats why i wanted to know from people who had…[Read more]

Hi Yorker

i think your on the money with this call

(i don’t invest in Darwin, but i’d think its worth a look)

regards westan

USA information evenings in Melb, Syd and Brisbane in early April, email me for more info. We find cash positive deals showing 15-25% Returns in the USA email me at westanjohnson@hotmail.com to join our database

Hi Eric

i think that as Simon says (excuse they Pun), you need to provide the tennnat with a list of contacts if things go wrong
eg electrician contact …, Plumbing …. etc, they must also have your emergency details so they can track you down. You need to speak to the refered trades people and have an arrangement that they can address any…[Read more]