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Hi waysolid
if your heading to the same country everytime why not set up an account in that country (if you can)
I’ve been to the US 4 times in the past 12 months an i set up a US account. I then transfer money once to this account and use the Debit card. Oh and i use Ozforex to tranfer the money OS its free for amounts over $10,000.
regards westan
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Hi Rikky
no i don’t, i just use the free service. Maybe i should pay , i love the program.
regards westan
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Hi Jarred
make sure your home is well presented and take it to First National to Manage. there are lots of poorly presented properties vacant in Gore at the moment.
regards westan
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Hi Nigel
what do you want to know about Texas ? I’ve been investing there for 12 months.
I’ve just returned from a tour with 14 investors and the feeling is that the USA is the place to be (as long as you are investing in the right places). Perhaps some of those on our USA tours would like to help give you some tips.regards westan
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Hi Nigel
as someone who is living in NZ let me warn you now isn’t the time to be chasing capital growth. The market is about to come to a complete halt. Interest rates are very high here and my well go up further. I’ve been telling people on this forum for months that i’m selling everything i own in NZ as there are better markets than NZ at the moment
regards westan
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Hi Guys
i love Google earth, its a great tool and great fun also.
A must for international inbvestors.
regards westan
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well done Sydney
fantastic effort
enjoy the victory Sydney/South Melbourne supporters.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Guys
Richard thanks for the positive feedback. I’m actually suprised no one has put something negative about us. We have done over 100 deals in NZ (mainly in 2004) and over 70 in the US in 2005. We aren’t perfect and things go wrong for investor sometimes. The great thing about our team in the US is they are committed to our clients and will work with them to solve any problems.
kiwiduvet, i agree its best if buyers can make the trip. I’m pleased that a number of our buyers have made repeated trips always picking up more homes (so i see that as a sign of confidence). We are taking two small tour groups to the US in a week, to show where we are buying and the quality of the properties.
Rick, when i looked at Buffalo and Rochester back in 2004 like you i was put off by some of the Data, it was only after i went there (which i did just in case it was ok) that i was very impressed with the place , i encourage you to make the trip. Agree Texas has some great opportunities
regards westanhttp://www.nzpropertytogo.com
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Guys
well its all over for me , its now tea and the Poms will win the ashes well done England.
Its now 2.30 in New Zealand, i’ve had enough of these disapointing late nights[bawl].
Anyway its been a great series, congats Richard.
Paul
ps – Westan, today is the last dayisn’t that what i said ?????
Englishmen will win the ashes with one day to goPaul looks like your wife is smarter than the rest of us.
has gone to bedNite Westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Richard
it looks like the Englishmen will win the ashes with one day to go. And deservidly so. They have been the better team [bawl].
But surely your not serious about the umpiring, You guys have certainly got the better of the decisions.
Anyway i don’t want to upset you, i need a loan in the States so better take the diplomatic approach.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Yes Dr X
it would be a pity if people exploited the situation by increasing the rent.
On the other hand people are rising above this situation, such as my contact in Texas who is putting others ahead of profit, by posponing business plans so she can support those affected.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi muppett
its a terrible situation for the coastal areas affected.
Just to add what you are saying i know the growth areas we are buying in (for myself and clients) is already seeing the effect of this tragedy.
this is what i said in a recent email our clientsHurricane Katrinathe damage to the southern coast line has been extreme as I’m sure you have seen on the TV, the enormity of the disaster is unprecedented and no one can fully tell what the long term consequence will be. The immediate impact is already felt in many US cities especially those in Texas. I was talking to one of our contacts who has moved out of her home to allow relatives from New Orleans to move in. (Her home is a large 6 bedroom home), she has now moved to another smaller property she owns. She has been developing “supported care homes” for elderly people, an investment opportunity we were about to make available to you. She has now postponed all plans and has made these properties available for relatives affected by the Hurricane also.
A few of our clients have asked me if the areas we are buying in are in areas effected by Hurricanes, fortunately they are not. With the tens of thousands of Louisiana refugees moving into Texas, rental demand is already increasing. It is unknown how many will return home, at the moment many are saying they will never return but make their new home in Texas.
Regards Westan
westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi all
sorry i should have addded
if anyone wants to buy or sell in hawera i’d recommend you call
Jo Oxenham at Selwyn Metcalfe Real estate
64 6 278 2000 mob 64 272780999Jo is not only one of Hawera’s leading agents she is one of my favorites in all on NZ (and i know hundreds). So buying or selling she is worth a call (and no i’m not on commission[biggrin].
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi maxwell
i’ve done your survey, all the best with it. If it s a genuine research study then great. But would like you to guarantee that the information will not be used to market information to me in the future.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Melbdude 26
just be aware that the 2 above posts are an advertisement.
first person asks a question
second person answers and put his ad on.
In the above case they are most likely the same person. Its just a sneeky adverising ploy.I’m not saying don’t invest in Bulgaria it might be a great place but conside these issues.
how do you communicate with people English isn’t the main language, how can you do independ checks on rental returns etc when they can’t understand you ?
Bulgaria to my knowledge doesn’t have double tax agreement with Oz (unlike the US, NZ, UK)so you could end up paying tax twice.
Do they have similiar laws to us ?
I know that i found the learning curve with investing in the USA was huge and that was after i’d already investing in another country(NZ). At least with the US (as a comparision ot Bulgaria) we have the same language and similiar real estate process’, but there are enough differences to made it confusing at times.Better have a Bulgarian background i would think before investing in these parts of the world.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]hi guys
Richard its bad enough that we are getting our buts kicked [
], but to be jeared by an englishman — oh that really hurts.[bawl]i was talking to an aussie who lives in england , they are having a field day at his expense. Richard surely we would never be so harsh ![biggrin]
come on Aussie
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Guys
ye s agreat match in Dunedin on Saturday.
but now a delemna do we want South Africa to win the tri nations (NO), but that means i have to go for the Kiwi.[bawl]
so i’m really stuck.
kiwiduvet- yes things aren’t going well for the Aussie sports teams – even the women lost to the pom women. Re the ashes , its looking very sad but there’s still one test left, hopefully the team can show whats made them the greatest side of all time.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Teach
be aware that Uni properties may be vacant for long periods over holidays, facture that into the figures.
regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi Dohicky
The property is currently tenanted so at least i know the real rental valueSorry Dohicky this is wrong.
Be careful, just because a home is currently rented at a set figure doesn’t mean this will be the market rent. It is possible to
1. Over rent a home, sometimes you can get more rent from someone because they are desperate. Current rent does not equal what the next tennat will pay
2. Irf you own a home put someone in at an inflated rent with the view that they gat something in return? This is shonky but some people get a high rent with the view they will sell the home at a 10% return for instance. Lets say a home is 50K and the rent is 100 pw = 10% some one will buy it. Ok you gat a tennnat to pay 120 pw then you sell it at 10% its now 60K home on a 10% return, the seller just sold for 10K more than it is worth. Now you give your mate who was paying 120pw a nice bonus. (Not saying this as an idea but as a warning what others have done).regards westan
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Properties in the USA 15-25% returns- email to join our database [email protected]Hi all
i’m with you Ned, dolfs books is a great read.
Regarding Jenman, the guys a joke. Niel for future reference if an author has a book out with the same title chances are its the same book!
secretgnome
I think Robert Kiyosaki offers wannabe motivational speakers the boost of his brand name in return for profits. I believe Dolf de Roos then realised he had built up his own name enough through the rich dad series, & so severed the ties. This would explain why he’s doing something with Trump.secretgnome What makes you say things like this ???
regards westan
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], but to be jeared by an englishman — oh that really hurts.[bawl]
