hi guys
not sure how to approach this with the rules, but here goes. thanks to our great networking skills in NZ, some agents actually totally ‘get’ what we are looking for and took us seriously when we said we know many Australian investors looking in NZ – and to contact us if they have any properties they think might suit us. one of them has now started emailing me some interesting deals. They are positive already on the asking price, and you could negotiate them even better.
if you are interested i’ll forward you the whole email and you can take it with the agent from there. (I have deals falling out my ears, and thought it might be cool to pass them on. No money involved – just trying to keep good karma with the agent so that they continue to send me deals – also, we did say that we network with a lot of other investors.)
“<sum> Purchase Price $53,000
<sum> Registered Valuation $65,000
<sum> Rent p/w $120
<sum> Yield 11.7%
<sum> Rates $1116.55
<sum> Two bedroom
<sum> Brick and clad exterior
<sum> Iron roof
<sum> Single garage
<sum> Close to town
<sum> Chattels: stove, TV aerial, fixed floor coverings, curtains and light fittings.
<sum> Separate lounge, dining and kitchen
<sum> Gas fittings and water heating
<sum> 712m_ sectionPurchased at $53,000, the property is at 82% of registered valuation and is positive geared.
“<sum> Purchase Price $26,000
<sum> Cerrent Registered Valuation $31,000
<sum> Renovation required $4,000
<sum> After renovation Reg Val $38,000
<sum> GV $58,000
<sum> Current rent p/w $80
<sum> Rent after renovation $100
<sum> Yield at current rental 16%
<sum> Yield after renovation 20%
<sum> Rates $1143.40
<sum> Two bedroom
<sum> Brick and clad exterior
<sum> Aluminium Joinery
<sum> Iron Roof
<sum> In Town
<sum> Chattels: stove, TV aerial, fixed floor coverings, curtains and light fittings.
<sum> Separate lounge, dining and kitchen
<sum> 334m_ sectionPurchased at $26,000, the property is at 84% of current registered valuation and at 69% of after renovation valuation.”
cheers-
MiniMini
Have you got a hotmail address or something similar that can be posted here so people can email you instead of posting a long list of emails into this thread.
I too would like to see the email, you have my address[:X]
Cheers
Leigh KCarve your own path and lead the way …
Hi Mini,
Could you please send me the details as well to luckyone at actewagl.net.au.
Thanks,
Luckyonewow, so much interest!
I don’t have any problem telling people NZ is a goood place to buy RE right now. I’m into abundance. Of course if the entire population of Australia wanted to buy properties in NZ there wouldn”t be enough to go around. That’s just maths. But right now, there are still more opportunities than i can take up personally and I’m not set up to make money from it or do it on anything more than a casual basis. Of course my friends got the email first. but why not let the agent have a bunch of calls, and help show that there is a market of investors here which is alarge one!
Maybe I can convince the agent to join the forums and answer questions as a NZ RE agent.
just waiting to hear back from said RE agent that it’s OK to send her some more enquiries – everyone that posted their address after my previous post.
cheers-
MiniCan I have the email please?
Thanks a lot
edwrdy at yahoo.comHi Min
The agents in Taumarunui are being run off their feet.
And the houses are running out the door.
Regards
OK I sent it to everybody!
I heard back from the agent on my voicemail after asking her if she was coping Ok with me sending a bunch of people her way??she left a message back, something like’so far I haven’t been inundated with emails and calls from the investors who are supposedly going to be contacting me’..
*hehe – thinking – ‘just you wait!’*
!! well some of you *are* gonna follow it up aren’t you?cheers-
miniMini
Can I get the info as well.
I will be heading there shortly and would like contact details of the REA.
Thanks
Nu Gen
Guess you need my email address hey[
]
jamiedbeal “at” hotmail.com[
]Greetings Mini
Any chance of sending the email my way? Would like to check it out atleast.
Regards Bear
*grin*
not exactly sick of it, but wouldn’t do it every day! but it’s been interesting, to judge the interest – I think I should get the RE agents to join up the forum and start posting!
cheers-
MiniHi Mini,
Wow, What a post!!!!! Can you add me to that list please Mini. I’d really appreciate it. My email is o_geekee at hotmail.com.
Cheers
PS. You must be first in line for a visit from the Karma Fairy.[
][][][]Hi Mini,
Could you please also send me a copy of the email. Thanks for your helpful posts and your generosity in sharing info. [
]My email is linda_lh_khooAThotmail.com
Regards,
Linda
This is probabaly a dumb question – but how do you finance deals in New Zealand when living and working in Australia ?Would Australian banks lend you the money – or do you have to go to NZ financiers ? If so, what about proving income etc – or would the deal have to be so good that it stands on it’s own merits ?
Milla
I have no idea how this works either. Aren’t I helpful? [
]Neither have I, but eager to find out!
Hi Mini
Would appreciate you sendingthe information to me
Thanks
[email protected]OK me too. Could I have a copy of the email – thanks for taking the view of “abundance” and good karma to you.[
]skippygirl40 at yahoo.co.uk
]
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