Hi Guys

I can’t think what else i’ve said may not be accurate, but if its about the currency and its direction then look at http://www.ozforex.com.au
and see what the “futures” are paying for the dollar in the next 2 years, they are saying the Kiwi will drop.

regards westan

USA deals, cash flow equity and capital growth all in one…[Read more]

Hi Don

my apology if i have said something out of date, You imply other comments are not true outof date can you name one ?

Re- the rates i got my information from http://www.goodreturns.co.nz, a well respected and accurate source i would have thought.

according to them banks have lifted there fixed rates none have lowered them. Which banks are…[Read more]

Hi Kiwi

Ok this will be my last post on this matter also. I’m not trying to have a go at anyone here just loooking at the facts to back up my position. I even let you use one of your examples to evaluate. I’m trying to have a healthy robust discussion as to wether NZ is the market many belive it is and i say it isn’t any longer.

1% vacancy…[Read more]

Thanks Kiwi

i looked at your figures and come up with different result, i think its more realistic.

rent $170 pw so rented for 50 weeks a year (thats being generous)
income $8500
Less expenses
you put in roughly $5 K so you loaned $74K at 7.5% (if lucky) Interest $5,500
rates 980
ins…[Read more]

Hi guys

Kiwi As far as this thread goes, i doubt that you will be able to achieve 15% net returns, more like 5-8% can you supply an example.

Nigel, is this another one of your attempts to have a go at me ? Im not sure whats your problem, but i’m more than happy to discuss it if you want to discuss Buffalo start a new thread, i’m more than happy…[Read more]

Hi Terry and you other guys who do broking,

i wouldn’t have thought now was NOT the time to get into the broking game ? I thought more people would still be leaving the industry than joining ? or has a big shake ourt already happened. ?

regards westan

USA deals, cash flow equity and capital growth all in one property.
International Property…[Read more]

Hi kiwi

my experience tells me a very different story

I sold 25 homes in Australia these properties that would have gone up by $0 since i off loaded them. I took that money to a new market and did really well, got the same cashflow but capital growth also. Now i’m taking that NZ money and investing in another market were i expect to do really…[Read more]

Hi Kiwi

thanks for that, i didn’t take it that you were saying i’m a sheep.

I love NZ also , i lived there for two years from 2004-05. So i’m not a kiwi basher at all. Many of my good friend can’t say “fish and chips” properly!

But we all know that markets move in cycles, NZ has had great appreciation and has followed the Aussie market, with…[Read more]

Hi Guys

Ok i must be a sheep then Baaaa [biggrin]

History shows sometimes its better to be out of the market. Especially New Zealand Real Estate History.

I know you guys get sick of me saying this but why not move your money to where you can get the best returns. NZ was great i have over 80% in 2 years but for the next 2 years i would have…[Read more]

Hi Ed

what you are thinking is correct the prices have moved up significantly in NZ since 2003 when Steve and others were buying in NZ.

But properties have not moved as much as from 45K to 200K. but certainly doubled in many centers.

Many of us who were buying in NZ in 2003 have now sold out because of the growth.

I suggest if you want to buy…[Read more]

Hi Don

i don’t think i’m trying to have it both ways as i’m NOT buying in NZ and i’m not enouraging anyone to buy in NZ and i’m not offering NZ as part of our service through any of my business’.

In regards to our website http://www.iproperty.net.au under the “New Zealand” page we actually say We do not actively promote investing in NZ, but we still…[Read more]

Hi Rikky

well done thats great.

what i meant was hard to do in Oz was buy properties showing gross 14%. With capital growth potential.

i don’t doubt there are still people making money in real estate in Australia, its just very hard if you want to buy and hold.

regards westan

USA deals, cash flow equity and capital growth all in one…[Read more]

Hi Mischa

i would only buy properties that were showing at least 14% gross returns.

I really would only invest for a net return of 20% (Return on cash).

Some stategies i’m pursueing are even better than 20%.

I need to get cashflow as i’m living off my investmment dollars so cashflow is very important, but not the only factor i really expect to…[Read more]

Hi Don

you seem very defensive about this, i was just asking questions.

I get the feeling that you are upset with me ! Is it because i chose to sell out of NZ. It was my decision, one i’m prepared to wear for better or worse. At the moment for Better as i see the Dollars Plumett to 1.24. I’m glad i got out of NZ. the currency is about 15%…[Read more]

Hi guys

Don, there is certainly a great story about the possibilities for Invercargill – get a hold of the “the lost Oil field” or something like that i can’t find my copy to see the right name but the author states there is a huge reserve of Oil south of NZ that was found by Hunt Petroleum in the 1970’s. There is also the possibility of the…[Read more]

Hi Flash

there wouldn’t be too many nicer places to live in the world than Queenstown, when we were living in NZ we had friends who had a holiday home there. We would spend as much time as possible holidaying at it more than they did !. i loved the views. From the main bedroom we looked out at snow capped mountains (making me NZ sick – can’t…[Read more]

Hi solomon

well it does come down to the individuals situation, paying cash wasn’t an idssue for me at the time and by paying cash when i did finance out the property 12 months later i got money out on the new appaised value of about 82k from memory.

And at the time i hadn’t meet people who could give me fiannce on the buy price plus the rehab…[Read more]

Hi solomon

with the first property i purchased it was for cash in texas for $55k i spent about $13k on it and then later financed it on a 30% deposit no doc loan.

i haven’t purchase anything by assuming an existing loan but a number of our clients have woith the support of our us based team. i don’t have the full handle on all the facets…[Read more]

Hi snowflake

you will need all the usual building permits to relocte a home to land as you would if you were building a home there.

I haven’t done it for a long time about 8 years but then it was reallly difficult to get finance for that type of project , i think wespac may offer it.

the cost to move 25Km will be nearly as much as mving it…[Read more]

Hi flash

personally I wouldn’t be investing in Queenstown or Phoenix at the moment.

Unless your into some sort of development where you can get in and out quickly, certainly would be buying now for a buy and hold in those two cities.

Nothing against those places i love them both , and they are about as opposite as you can get.

Queenstown in…[Read more]