Forum Replies Created
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Thank you for all the replies. Have since read the book and found it quite helpful.[biggrin][biggrin]
Thank you for your response Michael. It reads like sound advice. What does that mean for rural PI here? How does one avoid -ve CF investing in a major city? My idea of on selling in short period is to try and generate +ve CF then reinvest. That is a multiplication by division approach to wealth creation through IP’s. However you’re saying that this approach to turn over will not work in current enviro but perhaps in the next upward cycle – so I should purchase IP with the view to hold on 1-4 years.
I would much prefer a portfolio with quality IP, a stratergy advocated by independent advisers like the Wakelin couple (Streets Ahead 2002) but it takes so long. This also means my financial independance is strapped to PAYG for a lot longer than I want.[biggrin]
Well all the discourse on Aussies investing in NZ property on the forum. That is, positive cashflow properties in the poorer socio economic towns of NZ. The towns that sound like the Ballart of old that the Administrator wrote about in his first book. They say no CG tax and no stamp duty and potentially an extinct phenomemon so get in quick before there’re all gone.
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Gday
Try and recognise a marketing sales pitch from a true +ve cash flow IP. Choose deals that make you money from the word go.
Cheers
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Thank you for your reply Michael
How do you think this approach compares to chasing the HOT NZ scene.
Anyone?
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Hello fellow PI’s
Thank you for rapid response. Plane is for quick exit stratergies using industry contacts for efficient reno’s. Ideally quick turn over and move to the next. Approach is local and potential
for several project. Not sure just trying to get something started. Thoughts?[biggrin]
Hi from WorkfreeCould someone please tell me if it is
essential to go over to NZ to purchase IP.
If not then how do you do all the checks.Cheers Workfree
