Hi Waz 11

you have raised a very interesting point, the cheaper properties have about the same fixed costs as the more expensive ones.
Rates, insurance , mainenance is about the same on a 80k home as on a 160k home.

that is why you are better to buy one more expensive home that is yeilding the same return as 2 cheaper homes.

Also all your cost…[Read more]

Hi flyer

i think you should do some investigating into the market rent of your home. if similiar sproperties are renting for the same as your home, if you put the rent up the tenant leaves and you end up with a vacant home that others will not rent because it is too expensive. However if discover you are 30pw below the average for your type of…[Read more]

Hi Redwing

that’s a great story you just never know what can happen if you go in low, 99.9% go no where, but rarely you get a winner. What a great start for him !!!

regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi guyn

when investing in Tassie be careful as there are some horrendous area (i don’t use that word lightly), Propoerty Manager will not touch some suburbs of Hobart in particular be careful of Clarendon Vale, Rokeby and so on, check with property managers where not to buy. there are reasons why the Police force was offering housing to it…[Read more]

Hi castledreamer

well done on a successful buying expedition (or was it a pillage) from what i here you blew them away with your negotiating skills.

CD it was great to meet up with you again.[specool]

regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

hi mini

well done on the 1000 posts, thanks for you huge contribution to the forum. mini it is not the number of posts that you have made that raises your stature here on the forum but the quality of those posts. While some, no names (i won’t even mention Chan, Property guru or sis)[exhappy] have run amuke on the forum fun you have continued to…[Read more]

Hi guys

i’m with russ on this one.

lets look at how it all starts. your mister average Joe on an average salary you buy one negative geared property and you have blown your servicability straight away.

gotta go i’ll finish it later, i just meet a girl here in a interent cafe in wellington NZ who is friends with my cousins kids

gee and i was…[Read more]

Hi Yack

i wouldn’t do it either.

if you want it done cheap, get a handy man to do it.

bye westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi hasna 1oo

i’m really sorry but i can’t share that with you, as i’m after more. obviously if i mentioned it we would be heaps of interest from people on the forum and i would have too much competition.

sorry
regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to…[Read more]

Hi Guys

i do have written goals and i regularily update them. Especially over the past 18 months. i found that my financial goals were way too conservative and i achieved things quicker than i expected. I think that is one of the real benifits of writting down goals it helps keep me focused and i act on my goals.

to be honest right at this…[Read more]

Hi guys

Monopoly that may be a good deal ??

but my brother just signed a deal 340k for 900pw in a city of 50,000.

I am very impressed with his find.

regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi Holdencommodore

To the topic “country property predictions”

i will share the way i see the market. After actively buying in victoria from 1997 till 2003, i think i know the market a bit.
i expect that the market will go flat for a while areas in vicotia have had incredible growth in prices, perhaps playing some catch up to Melbourne afer…[Read more]

Hi guys thanks for the nice comments

One thing that i wanted to do with my new life in NZ was to catch up with a lot of you guys from the forum.
I’ve been talking to castledreamer since last year on this forum and email and it was great to finally catch up. Geo and property Guru are also been top people and it’s fantastic to put a face to the…[Read more]

Hi all thanks to those who have said positive things about me.
Kiwizena i couldn’t agree with you more, the south island is booming economically and the old data just doesn’t show it. Lucky some are finding out what is happening by visiting the place instead of reading the Cenus data for 1997 etc.
i just want to endorse what others have said i see…[Read more]

Diggler

i didn’t make the comment but i’ll defend whoever did.
last year in early January my brother made a similiar comment about the market in Victoria. I, who know more about property than him thought he was over reacting when he raced out and bought 7 homes in a matter of weeks. he was right it was the best thing he every did.
I now live in…[Read more]

Hi Jo and Guys

We charge $1200 (just put it up from $1100) thats NZ dollars so a little less in aust dollars.
We ask for the money to be paid when the deal goes unconditional, because at that point the buyer has done there own stuff and is happy to take the deal. If they change there mind then there is no charge.
Our fees gets paid with the…[Read more]

Hi all

Russ no doubt the return on a 24k property at 100pw is fantastic but the way your figures present it exagerates the profit a little.
You still have rates 20pw, insurance 5pw, management 10pw so you are down to $65pw per property only. Then you need mainenance of say 10pw vacancy factor in 3 weeks vacancy thats 6pw so we are down to $49.…[Read more]

Hi all

Rugbyfan i now support the highlanders (well when the locals are around anyway). Still don’t know the rules. And yes its freezing 8 degrees yesterday.
Shushar i like that one[thumbsupanim]

muppet i will call you as soon as i can find your phone number, ring me and i’ll ring you back 03 418 0083
bye westan

I find +ve cashflow deals in…[Read more]

Hi all

i’d like to add the following

don’t believe everything you read in the media. Virak lets address your isssues you raise
Firstly you mentioned reduced migration. Yes the population growth from immigration is less than last year but still more are arriving than leaving. Interesting i see lots of expatriates are returning to NZ, i’ve heard…[Read more]

Kel hutch

find out as much as you can about NZ do a search on this forum there is so much about NZ here. If possible fly to NZ and look around. also be careful about buying unseen i see it all the time Aussie paying to much for properties they have seen on the net. I often get out bid on deals by some bozzo who offers 5k above the real value…[Read more]