Hi guys

acey i’m sure you are right. But on the other hand some people will make a packet from property inthe next 2 years and others will lose it.

I can’t get all excited about the stockmarket either but the right stocks will do very well for the informed investor.

Personally i like to see myself as an investor first, while i can make money…[Read more]

Good stuff rubgyfan, nice story to go with it. Shows we all need a little help from time to time.

Lets hope we can see someone different Michael Schumacher isn’t really helping the sport with his domination.

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 guys

i love it when you can add strategies together

first you take Cash positive
then add capital growth (yes it can be done , just ask steve and the mappers)
then add reno to it.

tie them all together in the one property and wammy it should be a beauty,

regards westan

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

Hi Jarred

if buying in NZ there are some very important things to do.
1. speak to at least 2 property managers in the area and ask about rental expectations for your property. Get them to view the home, and check the neighbourhood. We just signed up a great house then found out a Gang member lives in the house that backs on to this one.[blush2]…[Read more]

Hi Yack

i’ve bought about 20 homes in the past 12 months, but not one of them was in Australia. But on the other side i’ve sold about 15 (14 in OZ and 1 in NZ. Like your self i haven’t been buying , the reason is i couldn’t find deals that caught my attention. When i looked at NZ early last year i thought this looks like OZ about5 years ago so i…[Read more]

Hi del

makes me think perhaps a star investor who knows a bit about asparagus farming might have contributed, maybe i need an autograghed copy from you ? (oops should i delete that? )

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 all

Jars thanks forthe in depth comments, greatly appreciated.

Was there any talk about Steve’s new book and where the ideas of the book in the seminar ??

also as Del says 70% if ther finance for only what the banks see as high risk areas 99% of NZ the banks will lend at 80%. Makes me think Steve’s was buying in some risky areas ?? not the…[Read more]

Hi all

Superted, what do you mean papertrade ? do you mean not actually buying them ?

The first time i bought call options was about 11 years ago we were poor students and i was sure that WMC was a sure bet. I had to talk my wife Janine into letting me do it. She knew the risks and wasn’t happy. So i said i’ll let you have half the profits to…[Read more]

Hi all

well it all sounds like fun, i’m disappointed i couldn’t make it.

what else can you guys share about the day.

regarsd 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 Misty

you have hit the nail on the head why wrapping hasn’t been the best strategy for the past 6 years.

However that doesn’t mean its not the one for the next six.

(i don’t do wrap deals)
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 monopoly

You said
“especially on smaller population towns in Melbourne worthwhile investing in.”
Oh those Jeff Kennett days are hard to break, the days when Victoria was Melbourne. i think you ment to say smaller population towns in Victoria ?

regards westan

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

Hi Deanne

i’m with Jo on this one- that the info is a bit short for an informed comment. On what you have told me that alone wouldn’t be enough for me to walk away from a good deal.

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 jars11
well done on the award, good on you.

as far as the photo’s go, good on you for sending in a nice one, unfortunatly my photographer (10 year old son) did the best he could with the material he was working with. The photo was taken last year when Tim and Myself flew to NZ for 10 days holiday which was a great time for the two of us.…[Read more]

hi jspri

while i don’t want to name figures i quit working at the end of last year. My income form my investments is now greater than my previous job (not that i was on a very high salary anyway). But now i also have more time to really boast my income, i have time to search for fixer uppers which can be easy money. I’m forming partnerships…[Read more]

hi all

crj you are correct with the impact of job losses on smaller communities. But think of what impact job creating has on these communities. These are the types of towns people should be buying in, ones that are growing. I think there are too many people from Melbourne and Syndey on this forum who have NO idea of regional Australia. There…[Read more]

marisa

wow, that is one top deal.[biggrin] well done

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 all

marrisa you are exactly right, but we need to be careful in the market today as the returns in many towns are average. It will be interesting to see if, people buying today will be happy with there purchase in a few years time.
as you say research is the key.

regards westan

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

Hi jarred

this is your deal
180K and rent of 5% which works out at about $9,000 income per year. even less if vacant.

you will need a mortgage of about 160K at 6.5% this will cost you 10,400. Rates, property management fees and insurance will cost at least $2,500 per year. So this place will cost you 3,500 per annum which you can write off…[Read more]

Hi guys

in fairness to steve Mcknight, i don’t think he has ever encouraged people to invest in small towns.

Personally i don’t invest in small towns Unless its just too good to say no. Most small towns have a risk but some towns have excellent Mirco economies and strong rental demands, every case is different.

I think you will find very…[Read more]

HI KP

yep sounds like greed to me but at leats she checked it out, even if she did spend a fortune doing it. There must be thousands who part with there money. Funny thing is these types don’t even look genuine.
But never think we are beyond a con, i remember hearing a con man say the eaiest people to fool are the ones that never think they will…[Read more]