Hi Ken,

I’m glad that you liked the book.
I agree with you and feel that it is way better than the first book, but I am a bit biased….
Hope you enjoyed our chapter (he he..)

All the MAPPERS were totally different individuals. We all started off with different jobs, different amounts of money, different cultures, (Graeme was from NZ…[Read more]

Hi Westan,

Thanks for that info…
I didn’t realise they had started yet.

A few weeks ago, we got phoned up by a Property Manager in NZ at 6am EST.
I wasn’t really impressed.
Hopefully she didn’t intentionally do it!! Now it will probably by 5am !![biggrin]

Any idea when they finish daylight savings in NZ?

Del

Hi,

Although I have never actually been there, I feel that this area will one day be very expensive. Perhaps for retirees moving to a seachange.

Just my opinion,

Del

Hi Kaye,

No thanks!! [blush2]

I’ve heard from reading a post by a very reliable poster that there is negative cap. growth in Sydney!! [biggrin][biggrin][biggrin]

Del [biggrin]

Hi Rose,

We would only every buy a house rather than a single unit. We like buying blocks of units, becuase there is no body corporate. I have always thought (right or wrong) that when the market is going flat, that single units go down in price quicker than houses. I’m sure there are differences in opinion here..

In this flat market, I…[Read more]

Hi,

We have used a NZ Accountant to set up our Trust, not a solicitor. I’m sure they are cheaper than a solicitor.

I don’t think you could use a conveyancor. They are not trained in such things.

Also, remember the saying: Pay peanuts, get monkeys (or something like that)!

Del

Hi Jaffasoft,

The idea has some merit, however I’d have somebody good managing it! I’d be concerned about druggo’s burning the place down, or drunks often getting into a fight causing damage.

I don’t want to put a dampner on your idea, but we use many seasonal casual workers on our asparagus farm, and lots of them are backpackers on holidays.…[Read more]

Hi C@34,

I have just listed one of our houses in Tok for sale with an agent (2 days ago). It is a brick & tile house in a good area of town.

It is for sale for $70,000, and is rented out to (excellent) tenants at $135pw. Sorry if this sounds like an ad, because it’s not meant to. There are very few brick houses in Tok and very few come up for…[Read more]

Hi Calvin,

It is the Gov’t valuation. Australia does similar things, and it is found on our rates notice. I believe NZ updates theirs more often than Australia does.

These days since the boom in NZ, you cannot use the CV as a price guide very often (in most towns). It’s always worth a try though!

Regards,

Del

….Banks will lend 70% of the valuation of the property in Tokoroa. I believe some will lend 80%, however not the one that I used.

What is the problem?????????????????

Hi Bonnie,

Muppet is correct when he says that prices have gone up in the last 12 mths in Tokoroa. He is very knowledgable about this area.

When I was last there in May, I managed to still find property $20,000 under valuation. There will always be good deals for the serious investor. Determination is a powerful thing…

I have found that…[Read more]

Hi xxx,

We live in Victoria. We have set up someone in NZ who we trust to be our Trustee…

A lot of accountants in NZ do it on behalf of their Ozzi customers. It is not a “done thing” in Australia for this to happen I believe.
If you need the name of an Accountant in NZ who does this on behalf of their clients, I can let you know of a pretty…[Read more]

Hi,

Before I say anything – I AM NOT AN ACCOUNTANT, SO DON’T TAKE WHAT I SAY AS LAW….

I beliece your accountant is correct in what he says. He is referring to a NZ RESIDENT TRUST, the only catch is that the person CONTROLLING THE TRUST, must be a resident in New Zealand.

If you are controlling the Trust from Australia, the ATO & IRD deem it…[Read more]

Hi Brenda,

Congratulations, I saw you on Friday….

You have achieved amazing things, mostly due to a positive mind. (The QLD property market possibly helped a bit also)
Paul & Geoff should be proud of you.

Kind regards,

Del [biggrin]

Kiaora Muppett & Westan,

Thanks for that info….
It is really great news for Wairoa…

I think it’s a great town. It is really a picturesque town, and as Westan said, you wonder why more New Zealanders haven’t moved there with the mild weather and nice coastline. The jobs created will definitely have a great effect on the town. We have 2 IP’s…[Read more]

Hi all,

Wealthtipsonline.com.au has basically been replaced by propertyinvesting.com.

Regards,

Del

Hi,

Two weeks ago, a tenant of ours (in NZ) decided to empty out the woodheater and placed the remains in a plastic bin in the garage. She supposedly hosed the bin down…

That night (2am), the garage (with their car & belongings in it) burnt down.

The insurance company has since assessed it, and is now arranging for removal of debris and…[Read more]

Hi,

Why do you think you have the right to look at a businesses trading figures? I haven’t heard that before… If I were a tenant in a premises, I wouldn’t want to provide figures to anyone just because they are buying the freehold.

I certainly didn’t ask our long term tenant to provide figures, when we bought a commercial premises.

The…[Read more]

Hi Gavin,

Farming is a great industry for anyone who is prepared to work. (we are asparagus farmers)..

It’s a shame more people don’t consider farming theses days. A great lifestyle at times.

When we wanted finance for our farm, we went to the best rural accountant we could find, and he prepared a cashflow forecast for the next 5 yrs. They…[Read more]

Hi,

Just do your homework on piggeries (I’m sure you have done lots already)…

We have friends who ran one of the largest piggeries in Aust, (in QLD) and they have done it tough for the last few years (so have most other farmers like us)… It recently sold under mortgagee conditions.

If the farm is supposedly valued at $1mil, why would they…[Read more]