Forum Replies Created
hi 1hotvaluer
i think your post, which i read before it was deleted, was a blatant advertisement. i guess that is why it was removed.
why don’t you ask the admin of the forum if you can place a comment on your signature similiar to what i do in NZ.I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
Hi samngav
that is a good question because most people when they start out don’t have much in the way of equity.
it shows how important it is to buy well, if you buy for less than the going rate it will be easier to get the home revalued at a premium to your purchase price. as the other s have mentioned you can add value (eg paint job) to increase the value so that when you refinance you access that money.
finally you can look at other ways to source finance. when i started buying 8 yrs ago i had next to nothing behind me (Net worth only $25k), so i borrowed from my mother, then refinanced the home and paid her back in full. i also went in a partnership with my brother to share a house Using these techniques i was able to buy 10 properties in 12 months. even though my salary income was only about 25,000 per annum.
so you need to put your thinking cap on, i’m sure if you want to buy more property the answers will come to you in time.
regards westanI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
Hi stingray
i don’t know which one you are talking about but try these
http://www.realestate.com.au
http://www.property.com.au
http://www.propertyguide.com.au
http://www.propertypage.com.au
http://www.yourestate.com.authats a start for you
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 [email protected]
hi muppet
to be honest we didn’t eat anything just a cuppa, Janine and i had 3 of our kids with us so we were able to let them run riot in the kids play area while we talked. i’m back in the north Island on sunday just a quick flying visit to secure a few more deals, will give you a call if we are near down town wiamiha.
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 [email protected]
Hi Matt
yes the battle lines were drawn in the middle of MacDonalds in Tokoroa. The local media called it the “showdown at the Mcdonalds Coral” (joke about Ok coral, you know Wyatt Earp, oh its bad when i have to explain my jokes).
It wasn’t that bad really my teeth have been replaced and that part of my ear lobe wasn’ty doing anything anyway. It was a fair fight as everyone recons i fight like a girl.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 [email protected]
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 are double as far as replacing hot water systems, carpet, stoves painting etc.
However, in reality it is harder to buy more expensive homes that will yeild the same as the cheaper ones, that is why i buy exclusively in the cheaper end of the market.
One other thing waz 11, as far a capital growth goes the commonly held view is that higher priced properties will show more capital growth. this has not been my experience, what i’ve seen in the markets in Victoria , south Aust and NZ over the past 2 years where $100k properties have risen by $30K, the bottom of the market has risen by the same amount. so where a 100k property is now worth 130k, Two 50k properties are now worth 80k each or 160k so you are ahead that way.
rgerads 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 [email protected]
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 property why not put it up $15, the tenant will still be rewarded witrh lower than market rent for there part of the deal in being a good tenant and you get more $$$.
Did you ask the PM why he/she wouldn’t put up the rent ? It might be a friend of theirs who is the tenant ? I once had a PM who put her son into a home for $10 less than the rate we had agreed on.so you need to do some homework i feel.
all the best
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 [email protected]
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 [email protected]
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 members for $1 per week in Rokeby a few years ago (don’t know if they do it now).
all the best
regards westanI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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 [email protected]
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 deal with the topic at hand, property. Your contibution to the forum is sharing you knowledge and experience has been tremendous. At times it has not been easy contibuting to the form especially when you were attacked for rightfully challenging the conduct of some forum contributors [medieval], thanks for sticking with the forum.
well done mini [thumbsupanim]
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 [email protected]
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 about to get right into this topic
bye westan
byeI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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 [email protected]
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 westanI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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 time i don’t have a written goals as i’ve achieved the ones set, perhaps time to get it happening again.
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 [email protected]
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 [email protected]
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 years of going sidewards and in fact backwards due to some policies that the Kennet government bought in. In particular i’m talking about selling off the state housing system which killed the bottom end of the market (or should i say presented a fantastic buying opportunity for some of us). Areas like the Latrobe Valley we destroyed as the power industry down sized and over 800 state houses were sold. Back in the late 1990’s astute buyers were paying 25-30k for properties in morwell and Moe today they sell for 100K.So where does the market go from here
I think that areas like Ballarat and Gellong will continue to rise slowly over the medium term as these areas are becoming/remaining centre where people are happy to live and commute to work in the city.I think that the Murray area will also rise slightly as retirees continue to move for the lifestyle.
Areas like the Latrobe Valley, areas in the west of the state such as horsham stawell and Ararat will remain steady after great growth over the past 2 years.
i relly don’t think the market will drop in regional areas, but i also don’t expect them to rise much either. That is why i’ve sold more than 10 properties in the past 6 months and shifted my emphasis to a market that is still rising. i love cash positive and thats all i buy but why not go for capital growth also. Remember if you control 2 million of property that is making $50,000 pa profit which appreciates by only 5% you make another $100,000 in equity.
Personally i’d like to make a lot more that 5% Growth.
regards westanI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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 person.
i have been fortunate to meet some absolutely top people through this forum
Sooshi
Minimogul
Wilandel
Diamond
Muppet
RodC
and the rest
My life is enriched by these people (yes it may sound corney but i love these guys).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 [email protected]
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 it on a daily basis foreign investors paying 5k or more than they need to to buy a property. Do your checks first, saddly even visitors in NZ for a few days, end up paying too much sometimes. Nothing can beat the time you should be spending finding out what properties have sold for in an area before you buy.
Personally i wouldn’t buy a home unless it was under market value at worse market value but to pay more thats just stupidity. I should add that its not just foreign investors who are making some bad decisions on the prices they pay the locals can be just as stupid.
protect yourself and spend time looking at the market.
regards westanI find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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 NZ and the similarities to Australia are remarkable every week i see stock getting scarcer and the prices are rising also. In dunedin it is near impossible to buy properties showing 10% returns other markets are the same. I’m competing with buyers from Hong Kong and the UK who buy sight unseen and offer cash for the home. I wouldn’t be suprised if Tasman’s insight into the market is correct.Tasman’s comment isn’t made out of niavity but a knowledge of what Tasman and i are seeing first hand in NZ.
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 [email protected]