freedom

if you are worried about areas ask property managers thay are usually unbiased and will give you there views on areas. I often ask if vacant houses get vandalised if they do i walk away and dont invest, its not worth the hastle.

You asked whats NZ like, Well its very Hilly and people can’t talk properly they keep saying “fush and Chups”[:p], but the opportiunities for cash positive are there/here.

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]

sorry i should have mentioned
http://www.enviromission.com.au

for all interested in what i mentioned, its worth a look and would be fantastic if it happens.

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 freedom

they are all over the place in New Zealand but they to are now disappearing. it reminds me of what happened in Oz about 12 months ago.

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

sorry guys but you can’t deny the facts that high yielding properties have appreciated at a higher rate than the low yeilding properties in the capital cities.
Yack what do you want me to base my arguement on? Deny the last 5 years? pretend they didn’t happen? No i can’t do that i have to look at the facts and understand them even if they contradict what is commonly accepted.
the reason the rules have changed are for the following reasons
1.More and more people want to secure there own financial independants and have discovered property as another way of doing this appart from Superannuation. People are investing in property for the yeild they receive. 5 yrs ago no one was talking about cash positive properties, everyone thought negative gearing was the way to go.
2.more and more people are returning to regional areas for the lifestlye change, even the government is promoting it in Victoria. it will be the old laws of supply and demand. inceased population will result in increased home prices. I believe that areas like Ballarat, Bendigo, Warrnambool will equal if not better the capital growth of Mebourne.

yack and simon i’m not saying the boom will continue you are putting words in my mouth. i am saying that Low yeilding properties in my opinion will not out perform high yeilding properties in Capital growth. there may not be any capital growth for the next few years. thats exactly what i think will happen, those who have been on this forum for a while will know that i’ve actually been selling my properties i’ve sold about 12 in Australia (1/2 my portfolio).

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 karan

I’d like to add something also. i agree with Muppet learn as much as you can, this is best done by reading and talking to successful property investors. People will love to tell you their stories and tips.

i’ll give you my tip, its a bit complicated but it helped set me up financially.

only buy cash positive properties, this will provide the income to expand your portfolio.
buy properties that will appreciate in value, this means you need to know what is happening around you, read papers and find out what business’ are doing. if you find an area that will grow in population you can guess the prices will rise also.
Buy properties that you can add value to. if you don’t mind a bit of work, buy structurally sound homes that you can do cosmetic work to. Sometimes a paint job can easily add $10,000 to the property. this added value could be the deposit for property number 2, etc etc.

Sorry pieces, i’m not in agreeance with you about the real estate stuff, Real estate agents are not investors, they are sales staff. If however Karan you can find an Agent who is also an investor then Pieces advice is spot on. if i listened to real estate agents i’d still be working[:p]. Karan I suggest you talk to business owners and investors.

finally karan learn not to spend more than you make, if you can’t do this then you will make a very poor property investor.

all the best[]
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

Chincho
i’ll be harder than the others, only an idiot wouldn’t have insurance on a property. Liability insurance which comes with the property insurance is essential. If soemone enters your property and hurts themself, they could sue you and send you broke. I wouldn’t even invest in property if i couldn’t get insurance. another point is the property is Mortgaged the banks will insist that you have insurance.
in regards to Landl;ord insurance i recommend for about $3 or $4 pw it is a worthwhile investment.

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

i am happy buying in smaller places about 5000 usually the smallest, rents have been very strong for years. there is a lot of misinformation about smaller towns. The ones i have invested in, in Vic and SA have very low vacancy rates. Often in smaller towns you get a far better quality of tenant as the property managers know who not to rent to. the idea that there is no capital growth in smaller towns has lost all validity over the past few years also.
so i’d look for bargains in smaller towns and cities, you get lower entry price, higher tental yeilds and better tenants.
Also look for areas that are having a lot of development. I’ll give you an example of what has been very good for me over the past 18 months, Hamilton Vic has the huge mineral sands project at its door step and Millicent SA has multiple inductries (including wind farms).
Last July i invested in Waimate in NZ a town of only 2500 people. i invested there because of a Project nearby to build a huge $1.2 billion hydro scheme. the property i bought for 40k is now worth 65k (62% capital growth in 7 months) not to mention the handy rent of 120pw.
So don’t dismiss smaller places there are some real gems out there.

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

gee i love those guys on TT, never short of a catchy headline, usually the storey doesn’t even match. I will really miss that show[:p]

if however what they say comes to fruition ( a first for TT), someone tell me it might be worth packing up and heading home to invest in OZ 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 phil

i’ve seen the promotional material for the ADF housing, and although i haven’t looked into it on the surface it sounds great. Guarantee rent, no vacancies no repair bills all the hastles are taken out of it, all the risks are removed, sounds like a winner to me if you are buying for capital growth rather than cash flow.

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]

steve

my email is at the bottom of the post

or ph me on 0011 64 3 418 0083
or mob 0011 64 210 320 985

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]