Hey – I’m a newbie and after reading lots am excited about PI. Have 80K for deposit though don’t have to spend it all at once. Happy to take smaller steps to start out.
My situation is I’m working in UK and am currently back in Aus(Syd) for one month[biggrin] before returning for another year. I want to try and get something happening in this short timeframe. I would prefer CF+ so was thinking about regional Dubbo after reading API mag and seeing that city based properties are harder to get CF+. I also read a bit about NZ and that sounds interesting too.
so ny questions are
1) What are thoughts on Dubbo for CF and longer term viability?
2) Would I have enough time to get something started in NZ or is the process too lengthy?
3) Would giving an Aus friend power of attorney allow them to pursue the NZ option if my time ran out?
thanks for any input
Its getting hot in here
Originally posted by happyg:My situation is I’m working in UK and am currently back in Aus(Syd) for one month[biggrin] before returning for another year.
very short time frame – don’t rush your decisions
so ny questions are1) What are thoughts on Dubbo for CF and longer term viability?
With $80k and your short time-frame, I wouldn’t invest in this area – read below
2) Would I have enough time to get something started in NZ or is the process too lengthy?Generally, the process takes approximately 6 weeks. Since you have $80k cash, you can do it in shorter time since you don’t need to apply for finance. There are properties in NZ that are far less than $80k. But have you researched NZ well or are you just rushing into it.
3) Would giving an Aus friend power of attorney allow them to pursue the NZ option if my time ran out?You can do this but as Aussie investors have invested overseas in NZ, I believe you may also be able to invest in NZ whilst living in the UK without having a power of attorney. Also be careful who you make your power of attorney – how trustworthy are they?
Kind regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Thanks Geo.
yes I do need to put on the business head before rushing in.
also thanks to Steve and all on the forum for giving me the seed and inspiration. I will certainly make use of my education and look forward to the road ahead.
[thumbsupanim]~Its getting hot in here
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