Hi tonka

i used to own 4 properties in Elizabeth, i have sold 3 and have one left.

I’m concerned about the property manager i used to use one who collected the rent , he was useless i hope it isn’t the same guy, He cost me because of his poor performance. i’m happy to tell you who he is if you want to know.

regards westan

I live in New…[Read more]

Hi shawn

Invercargill and dunedin ?

firstly Dunedin is Hot and you may struggle to get cash positive but i really like the city and its potential. the Uni, etc make it a great place.

Invercargill you need to be careful of, as the city just recently started to experience a few vacant homes, make sure the home has good heating and it should be…[Read more]

Hi Chris

the business sunday show on nine sunday am did a story on darwin propert a week ago.

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 Richmond

i don’t expect to be able to buy properties for “cash flow” perhaps ever in Australia again. It would take either interest rates to be 3%, rents to be double or the market to fall at least 30%, or a combination of these events. I like to make at least 12% return and i don’t expect to see that again. Therefore i’d be buying for…[Read more]

Hi Cremin

the tax laws relating to Capital gains tax means that you must own the property for 12 months if you want to claim 50% tax free (quite nice actually), if you own it for less than that time you pay capital gains on the full amount at the tax rate you will be in . For instance if you make 100k capital gains in one year and you are in the…[Read more]

Hi all

a number of people have been asking me if Nikki ever contacted me for the help i offered. I think people are genuinely concerned for Nikki and wanted to know if she was a genuine person.

I am pleased to report that Nikki never did, i hope that means that Nikki’s story is not true.

regards westan

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

Hi alison and all

i’m old enough to remember New Zealand having good runners , for instance Walker (yes he was called walker but he was a runner, these NZers do some strange things), and it wasn’t that long ago NZ had a swimmer Daniel Louder (something like that) who used to beat us aussies.

Lots of people i meet in NZ think that they have lost…[Read more]

Hi mslodyczka

these types of deals Steve was buying in 1999 unfortunatly those prices have long passed. You will not find home in Victoria showing these returns in 2004.

sorry about that info for you.

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 Mike

just some further comments on Rotorua.
Be careful with areas like Fordlands you may struggle to get someone to manage it. Rotorua is a middle sized city of about 50,000 and while it is the North Islands Number One Tourist Center is is very working class. You should be able to find properties that are returning over 10%. As far as…[Read more]

Hi marc

you said
Yet I know from what you wrote that you have, like the majority do, an array of values that have been planted in your subconscious by… lets call it the environment, that are not serving you. Your comments about KP and other stereotypes give you away. No i didn’t, all i said was i challenged you who said it was fine for people…[Read more]

Hi all

Hi Hoobo to answer your question, i should start by saying i haven’t structured my own investments as best i could, there are so many little issues and often they relate as much to the Australian tax system even more than the NZ one.
I’ve purchased most of mine using my Australian family trust. But when i started buying in NZ i was living…[Read more]

Hi Marc

it makes it very difficult to have a discussion with you as you constantly tell me what i thinking. No matter what i write you have this preconceived idea that i think this way or that way. You need to learn to listen to others and understand their point of view if you want to engage people, Let me explain
you say Don’t hold back…[Read more]

Hi all

sorry off the topic a bit, i want to take up Yorkers constant promotion of rosebery as a buy, on the figure i see it the other way its a SELL.

this is why
say you buy a cheap house for $60,000 which rents for $90pw, there are heaps of these deals in Rosebery.
say you put in 20% and finance 80% which is 48K
Interest on the loan at 7% is…[Read more]

Hi Mike

as far as structures go

everyones situation is different so it is hard to make some generalizations what is best.

a lot of people buy in there own name
a lot of people buy using an Austraian Trust
a lot of people set up a NZ trust

sorry i can’t be more specific,

regards westan

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

Hi Kristine

i suppose the biggest thing was taking the risk.

when i started investing in 1997 no one else was doing it and i wasn’t always positive it would work out, it just seemed to make sense that if i bought enough cash positive homes it would put a lot of money in my pocket.
For me i was “lucky” that the Market has risen so much. I should…[Read more]

Hi marc

thanks for the time to reply

But

You have missed the point, there is nothing wrong with having large, huge amounts of money. I actually agree with you.

However

There is something very wrong when people use that money for no other purpose than to make there own existence one of luxury while there are so many in need around them.

You…[Read more]

Hi Muppett

interesting comments

i think you will find that australia sent a far smaller team to the Olympics this year than in Sydney, and as far as the Institute of sport goes, the funding was less than for the last Olympics. Interesting some of the media in NZ is calling for NZ to follow australia’s lead and put more money into sport- Yes…[Read more]

Hi All

sorry gatsby, i agree with your point, but i want to take up Marc.
firstly are you for real ????????
i will assume you are
i just couldn’t believe how far off the mark you are Marc when you said
but to point at the reaction that such happenings bring out of most people who have been programmed to hate successful people and to align with…[Read more]

Hi pro78

i see no one has tried to answer the question, i don’t know the answer either but i do for some countries
In New Zealand you can buy residential property but need approval to buy large acreages (can’t remember exactly how large).
I believe you can buy in the UK and the USA also.
would others like to add their knowledge ?

regards…[Read more]

Hi mike and everyone

you sould be able to get a lawyer for about $1,000, i’m in the process of finding a new one as ours has just put up their costs for aussies/international investors. If you find one that hasn’t dealt across the tasman often they may quote cheaper as they aren’t aware of all the extra costs involved.
as far as loan costs you…[Read more]