Hi Toddo

i can personally recommend both of these guys

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 Mbeu

sorry to be hard on you but why do you have debt of 30K? it looks like you are living way beyond your means, maybe you need to learn to live a cheaper lifestyle and learn how to manage money better. You have way too much bad debt.

If this is the reason for the 30k debt then any more debt will just get you in more trouble.

I’d like you…[Read more]

Hi z1

i’m a fan of interest only loans. But i haven’t always been able to get them, i have an LOC which is effectivily an interest only loan. As far as what mortgages i have , well its a real mix i have some variable at 6.15% through homepath, some fixed interest loans with NAB at 6.69% and a LOC with citibank. The homepath one is interest only…[Read more]

Hi Jordan

i always put in 20% and
1. avoid LMI
2. feel i have a bit of equity in the property
3. don’t put more in so i can purchase more deals so that will achieve a higher cash on cash return. I do this strategy while i can get a higher return than i would if i had the money paying off the mortgage
4. gives me a consistant “meter” that i can…[Read more]

Hi Darren

lower south Island is still presenting some good deals but they are harder to find all the time. i’m living in Balclutha.

Jo what i meant by you not being “aggressive” was you often mention how you don’t like having debt, i thought this is part of your strategy to own property freehold, clearly someone willing to take on debt can…[Read more]

Hi Alex

i agree with Simon, i wouldn’t be chasing 6.5% returns, you would find that this home isn’t really cash positive. I also agree with Simon that you should be looking for properties returning at least 10%. I’ve bought a lot of homes in Commission areas over the years (but not at 6.5%). Each area is different ask local property managers…[Read more]

Hi Jeff

the problem with a company structure is a company doesn’t get the 50% discount on Capital gains tax. It think the better structures would be either in own name or in a trust structure. Often it also depends on the type of property you are buying, for example do you want to negatively gear the property losses again you personal income you…[Read more]

Hi Darren

go for it, the market here is still good but not as good as it was months ago. I feel the real NZ potential is buy properties that need to be fixed up. I’m doing a few deals with some people here at the moment where i finance the deals and they do the work and we split the profit.

I’m a bit more aggressive than Jo and like you if i…[Read more]

Hi Guys

who organizes the expo ? i might look at getting a stand there myself next year.

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 Rob

yes i agree that product sounds reasonable.

as far as tips go with settlement, make sure you do one last final inspection before settlement, check the appliances work (stove, hot water, heater etc.) Don’t forget the First home owners grant if you qualify. Have you concidered putting the property into a trust if its a buy and hold ?…[Read more]

Hi all

firstly to answer mini’s question since she isn’t here, Dolf claims his first purchase was in NZ at very high interest rates.

Secondly Techa, Sorry but Im still not seeing any suggestions infact Im seeing avoidance. why the concerns with lots of strategies you only need one. Fixing interest rates will protect you IF rates rise.
Thirdly,…[Read more]

Hi Tools

everyone knows that i’m a fan of cash positive (i’ve never bought a negative geared on)properties so it may supprise some with my answer.

I’d take the 10% capital growth and 5% return. The reasons are a simple matter of mathematics. Over any period the returns will be better with the capital growth being higher. The reason being that…[Read more]

Good one wayne.

whatever the goal lets make sure we enjoy the ride. Take time to smell the flowers etc etc.

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 Ken

Jehovah’s Wittnesses seperate themselves from mainstream Christianity. Apart from some of their more unusual practices (refusual to transfer blood, refusal to celebrate Christmas and Birthdays) they have one very major difference to christian teaching.
This major difference focus’ around the person of Jesus Christ, Christians believe that…[Read more]

Hi Karen

sometimes you just have to be persitant, don’t give up. speak to a few of the mortgage guys on this forum. I remember a time when one bank said no to me so i found another that said yes.

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 wmcd

good to hear some people are human out there and will bend the rules to help out.

Its interesting that ozforex were so helpful, i’ve actually found their service (on the small number of occasions i’ve used them) to be excellent. I don’t say that very often about companies.

regards westan

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

Hi John

in response to some of your comments, But from the replies here there seems to be very few with any number of IPs OR lots of ostriches who havent considered Risk Mitagation!
The forum has been very quiet over the weekend, perhaps the election ? you may see a few comments from now on. I know a lot of people on this forum who own more than…[Read more]

Hi NC Stone

the way the market works it out is divided the yearly rental by the purchase price and times by 100 to give you the yeild.

eg 150pw x 52 = 7800 per year dividend by 110,000 purchase price x 100 = 7.09% Yeild

It’s not a very good tool but one used by the market, but and is still of some use. Be aware it doesn’t include all the costs…[Read more]

Hi Fluffy

i suggest you PM Del to find out all the details, i’d like to know what she is up to also. If you don’t know Del i have meet her and consider her she is a good friend and someone who knows the NZ market.

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 John

i own more than 3 IP’s and i don’t believe interest rates will get anywhere near those levels.
But to play it safe i always have a mix of fixed interest rates, in fact i have more fixed than variable.

What do you mean by “locking down for 5 years” ?

regards westan

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