Hi all

yes i think that no matter who people are they always (half the time unaware of it) make comments from within there own little paradime (i can’t spell), we are all affected by what our own situation is and the influence we put ourselves under. We cannot (perhaps ever) be totally objective.
Now Yack don’t overestimate the value of that economics degree i can’t remember one economist tipping that the property market was heading where it is now. Sadly it’s not an exact science don’t need to tell you that. In fact i don’t think i saw any economists in the richest 500 listr in the BRW ?? strange that. Sorry, as you can see i don’t have a lot of time for those guys, but hey i think a economics degree would be great and its going to help you more with investing than my degree (well maybe not)[]
Yack do you think your studies really help that much with property investing ? serious question (not being a smart alic this time)
i’ve a good joke on this topic better go to forum frolic
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]

Yes well done on the promotion Bear, thanks for all yourinput into the forum.
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 pisces

the pop i’ve got here says 3,273.

Yes i might go and see those planes. I loved the maze also i went there with my 10 yr old son when i was living in Oz. its a great place the snow was about 150cm , really nice.

That little town i mentioned that is being subdivided is Luggate, 13km southeast of Wanaka.

i’m thinking about buying some land near one of the lakes (but i’m not saying which one [:p]. because then all you guys will get in before me.

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

to answer the question where ia wanka

its where “willy wanka” and his chocolate factory is.

sorry its WANAKA in NZ near Queenstown and about the hottest property market in the world at the moment.

i see in today’s paper a town 15km from Wanaka is just about to undergo a major subdivisdion, effectively doubling the size of the town.

properties are still moving very fast in my part of New zealand, not too far from Wanaka. (not too far by Aussie standards). If the price is good they go in amatter of days.

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 the Aussie girls were too good for the lasses from NZ again.

i was driving around with the family tonight, we boughtan icecream and went fora drive. we come across a touch footy competition there were hundreds of people playing. As an aussies rule boy this new sport (forme) touch footy looked fun.

Tally
NZ 16
Aust 9[]

PS watch out PG is heading your way[8]
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]

Hello muppet and sports lovers

i here that the aussie girls beat the lovely kiwi girls in Cricket so thats a point to the aussies.

my tally
Aus 8
NZ 16 racing ahead after the softball win

Hey guys in oz did you know the world cup of softball was on ?? it’s played by Guys.
it wass huge over in NZ. anyway Muppet if our star pitcher (trevor Chappel) was playing we would have won
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 fafsky

good luck with your endevours, i started in 1997 with only 25k and bought 10 in the first year,admittedly the most expensive was only $33,500. So i hope i can help.

it is difficult because the market isn’t moving up anymore (well not when i left Oz in Dec), but it wasn’t moving up much at all in 1997 either.

here are some tips
1. buy properties that are under market value (so you need to know the market very well). so you buy a property for 70k but you knowit isworth 85k you get the property revalued and draw out the extra equity. So you put 14k into the 70k house loan 56k, revalue it at 85k you get 68K 80% better if more). with that 68k you pay off the loan of 56k and you have 13k extra towards another deposit. You do this as often as you can. But if you stuff up once yourare stuck.
2. buy places that can be improved cheaply ie mow lawns paint outside etc. sometime a coat of paint inside and out can add 10k+ to a property, then you revalue and use this as equity.
3. only buy cash positive or else you end up wreaking your loan service ability with the banks.
4. buy areas that will appreciate in value then youdo the revalue thing.
5. borrow money from mum or dad, i did this then paid them back after i revalued the places. i still aske to borrow cash short term up until recently(always paid interest and paid them back as soon as i could).
6. be creative with finance, find partners (a bit risky actually) never done this myself.
6. you need to become totally obsessed with the property market, read everything you vcan,spend wekend working on houses or looking for proerties, holidays are spent looking for houses (as well as holidaying) but hey if it goes to [plan, soon everyday can be a holiday. (thats what i thought anyway, isn’t quite working out that way at the moment, but i’m having fun).
There were times when i got stuck and i couldn’t borrow anymore, luckily i found new banks that could help me with finance, remember that in a market going backward it is harder toexpand, but if you buy below value or improve properties you will have a good buffer against a negative market.
finding cheap rising market is a huge help get on a plane and come over to NZ and see what you can find i find 10%+ properties everyday i look.
Gee i hope that make sense its 12.15 in NZ and my spelling is bad anyway.
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 Xenia

In NZ you must have at least 20% deposit, so where this come from is up to you. but it can’t be the security of an OZ property. One way is to refinance the Australian property so you get access to the cash yourself then use this cash as the 20% deposit. Once you pay the 20% deposit the NZ property is enough security for the NZ banks. Does that answer the question ?

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 toystory

i can’t help with that one but before i left Oz someone told me that the Landlord insurance through elders was very competative in price. Unfortunately i never got around to getting a quote before i left, that’s another thing to add to the jobs to do list.

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

housesonly, i’m not sure what the definition of a bust is, but certainly not 10%. the stockmarket moves up and down by that amount every year and its not a bust. If the market went to 3000 points unless it happened overnight it would never be considered a bust. Likewise a 10% increase in my opinion is not a boom. i don’t know if there is an official definition but clearly the tech stock bust was a Bust.
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]