Hi Kingdavid

what Nigel has said is correct you must get the loan from a NZ bank, even ANZ will not want to assist you with properties in NZ.

where abouts in NZ are you looking to buy ? Maybe get on minimoguls database for NZ properties.

I’m not sourcing properties in NZ anymore (we basically stopped about 12 months ago). The NZ property…[Read more]

HI Chad

It sounds like you’ve gone a lot of research, and you obviously feel comfortable with the investment.

This is actually a very low risk investment with very high returns , not trying to talk you out of it just giving you a few “poterntial problems” that have arisen for others.

If the buyers defaults and you end up with the property back…[Read more]

HI Guys

i agree with those who say its better to rent. As long as you start to build a property portfolio. I’m very boring and believe in delayed gratification. Build your own wealth first then out of that add the nice things of life like your own home. Nice cars, big homes etc can wait till you have real wealth. We did it hard for many…[Read more]

Hi Chad

while you doing owner finance you still hold title. I believe there is a high “fail rate” with these type of homes. The home foreclosure rate is high already in the US be prepared to become the owner of these again. I’ve seen the way “owners” leave homes when they foreclose on them , they are often worse than Tenants. So just be…[Read more]

Hi All

Steve your comments about NZ are interesting given you wrote them in early 2005, but over the past 12 months the market has changed. This is the way i see it –

I’ve lived in NZ for the past 2 year and invested there also, However over the past 12 months i’ve sold about 25 properties, i still have 1 which is for sale, i’ve just had it…[Read more]

Hi Mapleleaf

i was in Canada in Ju8ne (on holiday but i still check out the property market)

I found it difficult for myself to get finnace, it was near impossible for me an Aussie to get finnace through Scottia Bank (didn’t try any others)

Toronto seamed expensive but there were cheaper properties around (depends what your strategy is)

One…[Read more]

Hi Guys

firstly the tour by AHA- these guys are excellent , some of you might consider the charges high, but if you what to stay at quality accomodation (as they are) and offer a quality tour it comes at a price. Their fees are a lot less than what some offer.

Chad, just be careful with the ongoing tenant issue with Mobile homes, i’ve spoken…[Read more]

Hi Nigel

Can you please clarify for me about what your offering

1.You were charging $250 + for info seminars on investing i the USA. You haven’t bought anything yourself yet. But you have been there last week. So you do have some level of experience.

2. You have been going on for the past weeks about the importance of a team, quite rightly i…[Read more]

Hi Kiwifella

i think the best people in Invercargill, (sorry don’t have numbers as i’ve sent all my stuff back to Australia)
Selling agent – Carl Wilson from Harcourts
Best manager – is also harcourts, although none of them in inveracrgill are wonderful.
Solicitors – use anyone you already know in NZ, one of the cheapest is the “home transfer…[Read more]

Hi Guys

if people are looking at getting into this market then a safer way of investing is in the Pre -foreclosure markets, this way you don’t have to bid at auctions but can do all your Due diligence checks needed. One of the problems with foreclosures is if you want a property , You invest a lot of time and money getting an inspection, check…[Read more]

Hi Again

shouldn’t be reading this forum (my furniutre goes in 2 days and its 12.20 at night)!

Ok Don
great reply, this is what the forum should be about, people putting forward their well ythought oout opinions. (so are your Rikky and Mini i just don’t have time to respond now)

Firstly i really don’t mean to be warning people about NZ so they…[Read more]

hi guys i need to read everyone emails later

just a had a quick look at yours Rikky

sorry i didn’t mean to say you were attacking me. Sorry its another poster who does this, You have been able to behave with dignity.

I got started on my second point when i wrote that, but i know it appears like i was talking to you. Not intended. Sorry if i’ve…[Read more]

Hi Guys

Rikky thanks for the kind thoughts.

Rob_W i’ll take your advise.

Ozhan, thanks for the great link, i don’t think i will get a chance to comment. Have to keep packing and getting ready to move.

regards westan

Bye for a while, i’m moving back to Australia
Buy in the USA westanjohnson@hotmail.com

Hi guys

Rickky

the problem with the arguement that if you buy at the top of the market and wait as you are recommending has been covered on another thread that you contributed to. I’ll quickly recap.
This is why i don’t like negative gearing in a soft market.

1. you have years of money out of pocket to cover costs.
2. You can’t write off…[Read more]

Hi Don

i think the issue of immigration is a very important one for all Kiwi investors to be aware of.

The Government needs to rethink its whole aproach to migration and increase the number coming to the country. Watch for population movement it could well dictate the direction of the NZ market.

It was interesting that when Bush won the last…[Read more]

Hi Guys

i tried to avoid Nigels continuing little snipes but decided that his comment need to be dealt with because he gives the impression that i’m saying thing i’m not, so i need to defend myself. My apologies to all that the forum sinks to this level.
Once again your comments which are aimed to destroy my credibility, why you try to do this…[Read more]

Aussielad 2000 is a very small reduction in the cashflow your deal will be producing

all the best

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Auzzielad

you beauty, what a deal [biggrin]

will the tenant pay outgoings ?

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Guys

what happened to this topic ??

i think i’ll start it again

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Nigel

no thats 2 4bedroom properties.

Yes your right if you financed the 30% from a line of credit Sure the profit is less, but then the return (ROI) is infinite [].

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com