HI GGG

i wouldn’t discount NZ, the market has flattened out in many cities in NZ over the past 12 months especially the top price end like Auckland, Nelson and Queenstown. But underpriced areas still continue to catch up after years of no/little growth. southland and Otago while rising 30% last year could still grow in value.
Areas in NZ that…[Read more]

Hi Easymoney

sorry i will not share where i’m buying on the forum but would happily share off the forum. Back in 2003 when i started buying in NZ i used to tell people where to buy but then found i’d created too much competition for myself and the prices went up and i could get as many deals as i wanted to at the old price. Hope you…[Read more]

hi saffer

the only restrictions are if you are buying large areas of land , so unless you have $10 million or more to invest there is no problems.

The NZ investing experience is very easy.

regards westan

I live in New Zealand, for a fee find cash positive deals there, and now 15-25% Returns in the USA email me at westanjohnson@hotmail.com to…[Read more]

Hi Jenny

what a great story, i don’t know anyone who is so young who has made so much money. I do know 2 guys who are about that age who would love to be investing but sadly they don’t have the deposit or resources to do it yet.

regards westan

I live in New Zealand, for a fee find cash positive deals there, and now 15-25% Returns in the USA…[Read more]

Hi Guys

The US market is fantastic , it reminds me of the deals i was doing 8 years ago in Oz (only better) so go for it. But the thing with the States is as you say Tokyo it is a huge place 50 cities over 1 million people. I researched for about 4 months before i made my first trip to the States, but when i got there i loved what i found. I’m…[Read more]

Hi Darren

i do joint ventures with partners in the States (i live in NZ)if you want to see a sample of our JV agreement email me at the address below. Like you i put up the cash and they do the work.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi Martin

what sort of returns can you get in China ? Even though i’m a cash flow buyer I would always like to make some capital growth but if the returns are good then i’d settle for pure cash flow. I’ve recently been buying for a 25% returns in the States (but i hope to get some capital gains also).
As far a China goes one added possibility to…[Read more]

Hi Dom

yes 5 days is normal. but then again so are “cash offers” (no finance clause) and so are 10 day finance clause, it depends how hot the market is where the offer is being made.
If it comes to a situation where two people are offering on the same property someone who is able to offer the least terms will often win.
Thats why its good to get…[Read more]

Hi Dom

what these mean are that you as a buyer have this amount of time to approve those issues.
5 working days finance- this means that you have 5 days to let the seller know you have been granted approval for finance.
10 working days LIM & Title- like the above , so 10 days to view the LIM and give approval.
10 working days Building Report- you…[Read more]

Look at http://www.propertytalk.co.nz

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

hI techhowse

i agree with nobleone that New Zealand is a great place to start looking to buy your first IP. I think its really hard to find good deals in OZ. In NZ you can still pick up great deals for under 100k, a great starting price for investing.
Commercial deals are worth considering but better to start with Residential and learn for…[Read more]

Hi Martin

while i agree that Quiggles story is well worth reading, i disagree that the topic is done to death (byronet). One or two threads isn’t done to death.

The USA market is huge the population is 15 times that of Australia. There are over 50 cities with more than a million people so we are talking a huge market, and 12 cities with more…[Read more]

Hi Dan

yes i am sourcing properties for investors looking at 20-25% returns and believe i’ve an excellent teams on the ground in a few cities in the states. I haven’t promoted this outside of our current client base but i’m happy to take on any interested people. Our clients have bought 5 homes in the last week and the demand looks strong this…[Read more]

Hi Collie

i don’t think you are workingout the Capital Gains Tax the right way. My understand is (i’m not an accountant) what you do is add it to your taxable income and pay tax on it as if it was ordinary earnt income.

so my above figure would be correct, i believe.

regards westan

I live in New Zealand and for a fee find cash positive deals…[Read more]

Hi All
nobleone
those are the same reasons i’ve made for not investing in Tok, but if the price is good then thats usually the difference between a good investment and a bad one. on a possitive note for Tok. it’s interesting that the ANZ would only lend 70% in Tok. however recently they have lifted it to the 80% rates they give for the rest of…[Read more]

Hi Collie

on the Profit of the property from you figures you gave before CGT i calculated a profit of 40,400. This is the amount CGT will be payable on.
As you will have held the home for only 6 months you will need to pay the CGT on the full amount so if you pay tax at 30% then thats a CGT of 12,120. Ouch it eats into the profits, Its even…[Read more]

Thanks Steve

thast package look very attractive.

Do they do any fixed interest loans ?

Sorry for asking so many questions but i expect others would be interested in the answer also.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

hi Steve

what are the rates on a variable loan with some of these lesser know finance providers ? You are right about ANZ their variable rate is more than their fixed rate ??? Don’t see that very often in OZ.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

woodsman

i just looked up google and found this survey
http://www.adelaidecitycouncil.com/council/publications/Reports/2002_Residential_Segmentation_Study.pdf
in it it says that in Adelaide 73% of investors own 1 property , the average is 1.7 properties and 3% of all investors own more than 5 properties thats 1 in 33 not one in 200. Perhaps…[Read more]

Hi woodsman

i’ve read official figures confirming this – however since steve’s book i bet there are a lot more people in the over 5 properties catagory. Today i know heaps of people who own more than 5 properties. In 1997 i bought 10 homes and it was really rear to hear of people who owned that number.
i think the official figure were quoted in…[Read more]