hi brendon

my advice is go to the library and borrow some books on investing, start with Rich dad poor dad. Then go get some part time work to get some extra cash.

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 tljw1

Monopoly has given a great answer. I just wanted to add that when i was buying in Australia (when it was cheap) i used to talk to the economic development officers at the councils they were often able to give me some gems of info about possibilities for the area.

regards westan

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

Hi Kerwyn

you raise some good points. Unfortunatly the “cash clause” will often be requested when you pick up a good buy or ask for a lengthy settlement time. It is always good to try to have financial pre approval to speed up the process. Try to get the building reports done as quickly as possible.
When there are plenty of buyers around seller…[Read more]

Hi Al

welcome to the forum.

leasehold means that you don’t own the land just the building. In NZ usually that means Moari ownership, but not always sometimes its it can be another body such as the port authority in Napier. Freehold means you do own the land.
the problem with leasehold is that you will need to pay one extra bill every year.…[Read more]

Hi Mark and Dot

with the little info you have provided if i was in your situation i’d sell and reinvest the money in better performing investments. Yes you will need to pay CGT but i’d still sell.
It looks to me like you have about $300,000 returning 0%. Not Good ! if it was my money i’d like it to be returning at least 15% (more if possible).…[Read more]

Hi henry

i’ve been saying for ages that its very difficult to find good properties that are showing 10% returns, however if your adventurous look Overseas, 10% returns are still found in New Zealand and the last property i bought overseas shows a 25% return (not NZ). Do some investigation you will be rewarded.

regards westan

I live in New…[Read more]

Hi all

a number of my friends and clients have mentioned that ANZ bank offer some great rates for insurance. I recently checked them out and was suprised how much cheaper they were than my existing broker – i’ve now got insurance through the ANZ bank.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at…[Read more]

Hi Guys

i’d be interested to hear from Property Guru on this one as i’ve heard a lot of NZ mortgage providers making promises like this but not one of them to my knowledge has ever actually done it !

Well done to PG if he has finally found someone. So PG have you actually provided someone with 90% finance and if so what were the conditions and…[Read more]

Hi Kristine

i’ve heard (i haven’t had the chance to confirm it yet) that the SIT student numbers are up for 2005 , which is good news as they were down 300 in 2004.
As CastleDreamer says the New freezer works is about to open , i went past it about 3 weeks ago and its near completion.
When i was in Invercargill last, LJ Hooker had just had a…[Read more]

Hi Zac

i’m with the other guys and especially Del’s comments, we need to manage our property managers.
One other bit of advice is to get landlord insurance it’s relatively cheap and the right policy will cover you for loss of rent from tenants default.
One other comment is that you should ask the PM what their process is with tenants behind in…[Read more]

Hi Dan

I’m happy to share what i know about the US market, i’ve made two buying trips to the States and have a pretty good knowledge now of how it all works.

I will be home tomorrow so give me some time to recover from jet lag and i’ll gladly talk with you. My number is 0011 64 3 4180083 or email me at the email address below.

regards westan

I…[Read more]

HI Peter

i’ve just come back from my second trip to the States, Actually i’m not home yet , i’m in Oz and head to NZ tomorrow. Feel free to phone me on 0011 64 3 418 0083 or email me at the address below and i’ll give you a rundown.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at…[Read more]

Hi Destined for millions

i used to invest in millicent about three years ago, nice little town. When i was buying at it there were heaps of things happening in the area , new potato factory, major windmill projects it was really starting to move. about 12 months ago I since sold and moved on

Oh and we were able to buy duplex’s for about 40K -…[Read more]

Hi dazzling

i’d like to add to what padma has said.

firstly i can see how tough it must be without the support of your companion.
secondly you really need her on side at least supporting you in your endevours, as long as she supports you then you can do it alone, although its a lot more fun when you work as a team. I’ve been fortunate that my…[Read more]

Hi all

well i’ve been away for a few weeks and this is one addition that i also find anoying, when i first started reading them i too thought that people had chosen to highlight those points. I agree with julia that it appears like we indorse these products our names are linked to.
Well i’ll be safe my spelling is so bad i’ll never get affected.…[Read more]

Hi bert

If i was in your situation then i’d keep an eye out for fixer uppers, look for a property that you can add a lot of value to by giving it a coat of paint and some new floor covering. Try to find something that is structurally good but cosmetically poor.
I bought a home in 2003 in Shepparton (vic) it was a mess it had some broken windows…[Read more]

Hi John

if your question is about- is Horsham a good place to invest (which i think it is) then my answer is yes. I lived in Stawell 65km away for 7 year , until i moved to NZ in Dec 2003. I have 1 property still in horsham after selling one in about july. Having said that, my selling makes it look like i don’t like the area this is not true, i…[Read more]

hi Byronent

i don’t want to appear to be saying that buying in Broken Hill today is a bad thing, it may well be a fantastic investment. I just wanted to use that as an example of how things can go bad for a town (at least for a time) and those who needed to sell back in 1997 would have done very badly. If you were buying in 1997 i reckon you…[Read more]

hi Byronent

you raise an interesting point that i discussed at length on another thread a while ago. I think we need to be wary of the way agents, who are trying to sell homes, present the areas that they are working in. It is not uncommon for them to give a better than reality picture of rental demand and price, thats why i stick with the…[Read more]

Hi malliebelt

Welcome to the forum.

to find out rental demand i think you are best to phone property managers and ask them how many vacant homes they have on there rental book and how they see rental demand, ask them what types of homes are renting well and what are slower to rent. Ask them also how long nicely presented homes are taking to rent…[Read more]