Hi Steve

Yes one guy John Hadley from Gerry Smith First National was very good 03 53826655, quite used to investors he had one guy buy about 30 throughout the district there. I was talking to Gerry Smith last year and he commented on the incredible number of emails there office recieves and how it was impossible to answer them, so make a phone…[Read more]

Hi all

the other thing with commercial properties is you need to do some investigation as to the tenant, as the deal is as much with the lease in place as the actual property. What i mean is, if it is a new business it is a bit more risky as often new business’s go bust. However if it is a well established accountant, for instance, who has been…[Read more]

Hi Redwing

i think that a mentor is a great idea. I remember when i bought my first 10 IP’s in 1997 i didn’t know anyone else buying cash positive, i just knew the figures worked and it seemed like the smart thing to do. I wondered why everyone wasn’t doing it and thought am i missing something here. It was only when i read “rich dad poor dad”…[Read more]

Sean

are you talking from a tax point of view or from the point of the first home owners grant.

Turisimo i’ve never heard that before ??? but that doesn’t mean you are wrong.

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

sibo

let us know what you are told in your state.

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 guys

the north side of the city is the lesser area in town. But this means it is the better for returns. it is largely an ex housing area but the area is pretty good really. In my experience Horsham Real Estate are the best property managers there. i’ve helped friends and my brother buy there and they are also happy with them as property…[Read more]

Hi Greenhouse

do a search for that question on the forum, any answer will look like self promotion, there is too much of that on the forum already.

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 zj351

i own some in horsham. actually sold a flat there for double the price (at 8 high st) after owning it for 12 months. I still own 2 houses in the ex housing commission area. I expect prices will plataeu out after a few years of excellent capital appreciation. The homes that are slow to rent are the ones over 200pw. For around 90k you…[Read more]

yes mine is only buy cash positive and only buy in areas you feel will deliver capital growth. also change the battery in the smoke detector, other wise the little old lady tenant will ring you at change battery in the beeping detector

regards westan

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

Hi Geo
yes let us know how you go with thast 90% finance, it would certainly be a first in my experience, just be careful with some of the lesser players in NZ they often make claims and then lack the follow through. They also have trouble with dealing with corporate trust set ups so my advise is pay 20% deposit and stick to the major banks.

yes…[Read more]

Hi Guys

i think the laws vary from state to state i have never heard it was illegal in Victoria for instance.

it isn’t illegal in NZ our solicitor here actually assists us with the process
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 Guys

sorry for not replying i’ve been in Queenstown (a fantastic place) last weekend and helping my son’s school camp this week.

Chan to answer your question am i still buying in NZ? yes i am. the last one I picked up is in Waimate that initially i bought for a client but in the end they were unable to able to buy it so i added it to my…[Read more]

Hi all

i think you guys might be expecting more from me than i can give.

to start with i don’t like to make predictions of where the market is going, but since you asked i feel the market will go flat in Oz for a while and as i have said often on the forum i’ve sold over half my oz properties over the past 6 months.
As far as the market you are…[Read more]

hi guys

thanks to all for the thoughts on Lawrence’s topic.

my thoughts are.
i invested only in towns over 5000 and never declining towns, however there are always exceptions to the rules. Last week i purchased a house for 18,000 (needs 7k spent on it in a town of 600. but it will rent for $120 easily. This town is in a strong area for…[Read more]

hi all

sorry romando, i didn’t see your comment before i sent mine (sometimes i start writing and then get interupted and 15 minutes later finish it)
anyway with the tax loss situation that may be right, so my advice would be buy in NZ cash positive properties only. While there are top capital growth opportunities make sure they are also cash…[Read more]

Hi all

marissa is right i bought 15 properties in NZ while i was living in Oz, i now live in NZ and it is good to bring up the pitfalls fnash.
1. don’t pay too much, i see aussies arrive in towns we are buying and often they pick up deals we were trying to buy. A good example of this was a few weeks ago an aussie boughta a house that there were 5…[Read more]

Me it’s

RICHMOND
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[/size=1]

Hi rolf

be carefulin some areas of Tassie as they are really bad. I owned a home in Clarendonvale (sold it 12 months ago) i caused me more trouble than all my other IP’s combined. My Australian properties are often in working class areas (eg housing commission areas) but this area is a don’t touch area. Check with property managers in Tas,…[Read more]

Hi all

i agree with most of the comments. Scully good point about having a few under your belt first. I should have mentioned that i would only do it if it was great deal, average deals are all over the place no need to buy off the net for an average deal.

regards westan

I find +ve cashflow deals in New Zealand which I sell to other…[Read more]

Hi Guys

yes i have bought unseen before and it has been fine, i just got the Builder in. checked the rental assessment and demand with a property manager and i was happy.
But always be careful it is best to see the property if possible as an agent will not tell you who is living next door or that there is a toxic dump behind the home.
The last…[Read more]