kiwi adventure 2

G’day Gary

Thanks for the reply. Knox should be a piece of cake as I work in Box Hill. Let me know the details and I hope to catch up soon.

Cheers, Ian

Hi millsy, just got back from meeting the guys and I must say it was very worthwhile. Peter (giraffe), who attended KA1 was subjected to intense questioning and provided some good suggestions and insights – without resorting to giving easy answers. I came away feeling really encouraged and motivated to set big goals, expand my level of thinking and formulate a strategy to build a plan around.

We discussed myths and incorrect assumptions, finance options, expectations, logistical stuff (like cars, phones etc), contracts and short settlements and what not to do – like over analysing deals and missing opportunities.

The discussions were pretty frank and everyone was pretty open, laid back, friendly and keen to get the most out of the experience as possible. I think it was an excellent start. There was a good range of experience levels within the group and everyone was very positive and energetic.

Yes, we’re planning to meet again in a few weeks so that we can discuss our progress more and be accountable for formulating a strategy. I’ll keep you in the loop (via email) and post to this forum as well. Look forward to meeting you next time.
-Gary

Hi all

Thanks for your company tonight guys and it was really great meeting and talking with you.

A lot of what was discussed and the answers I gave were based on my experiences and general observations only and I’d hate for anyone to take it as advice or gospel. I am certainly no expert on investing in NZ or anywhere for that matter!!!! It is up to each individual to set their own goals and strategies and to conduct their own research.

At the risk of putting people’s noses out of joint, I’d like to say that I do prefer to give freely of my experiences and especially my opinions to an audience of my choosing as they are only mine to give. I am not so naive to think that it will only stay within that audience either. I certainly understand that your post Andrew was posted with the best of intentions, however, I did not intend for our discussions and opinions to be displayed to this forum. This is totally my mistake as I should have pointed this out.

Whilst I don’t necessarily believe that there is any misrepresentation in the post, I do believe that those reading it may get the wrong idea as there was more to the conversations than the brief descriptions contained therein.

Some of the items in the wrap-up probably need some further clarification if they are out in the general forum population as I don’t think they fully reflect the generalised discussions that took place.

Setting goals and determining strategies for those goals, then researching areas will determine the best locations for you to source your deals. Different opportunities may present themselves in the area you are working and it is important to be able to recognise them first, then consider them. Expect the unexpected.

This once again was based only on my experience. Like anything, research your financing options. Take into account shorter settlements and exchange rates. Make use of the pre-adventure information you have been sent via email. My circumstances are probably completely different to those of you and my strategy for the deal I did on the last adventure will possibly be different also. I had no problem in getting finance in NZ, only it wasn’t the amount I was initially seeking due to my circumstances and as it turned out would have been too restrictive to suit my strategy.

The figures mentioned were very general to highlight the high rental percentage in Tokoroa. The % of rentals in any area should be part of your research into those areas.

“Money follows good management”. The better the deal and your ability to manage it, the better the chances of getting finance. If the figures stack up and you can pull it off, the less that money becomes a problem. There will be a section on ‘ouster clauses’ at the seminar to assist. This is also covered on the ‘Kiwi Insight’ CD.

Very general. There was a portfolio for sale on the last trip that the vendor was asking top dollar. My view is that it is more about the vendor than the actual properties themselves. You can pick up bargains for single houses also, depending once again on the vendor.

Networking and friendships are certainly big pluses and main reason for me going again on KA2. I don’t think the perceived negatives were discussed this way and I certainly hope that it wasn’t interpreted in that way. There are more than enough deals for all who participate on KA2. This was proven on the last trip. I even gave the example of four of us sharing the same motel suite (separate beds of course). Certainly there is the possibility of placing offers on the same properties but the networking factor will identify this and common sense will prevail to prevent a bidding war. I don’t think any of us on the last trip actually bidded against each other and many worked in teams and did extremely well. There can be agreements reached etc to ensure everyone is happy.

There was also the myth that everyone on the last trip raced down to Tokoroa on the Monday morning to buy some cheap houses, as posted in other threads on this site. What a load of bull as I think that well less than half went there and the group was spread right across the North and South Islands for the week.

Definitely a must. You will be held accountable.

Definitely again. Look outside the square and you’ll be surprised what you’ll find.

Thanks again guys for the meeting and I hope to meet you at the next one Millsy.

Cheers…Peter

“It pays to stick your neck out”

Hi fellow KA2’s. Penny and Mike from Sydney are also heading to NZ in July. We’ve been reading the forum boards and are heading to the masterclass in syd next weekend. Hope to see other ka2’s their. We are also trying to do homework on NZ prior to going. Big questions for us our things like, where to go for properties, what are the risks (ie exrate, distance, unknown factors, slow down of the aus and us economy, etc). For info regarding whether you need to pay tax in Aus, I believe there is a tax treaty in place, so best to speak to your account on this, this is what we will be doing. I guess we have heaps on unanswered questions, some I expect will be answered during the event and in the masterclass.

maybe a new ka2 forum would be good idea?

Hi Guys

Lots of houses are being readied for the next foray into Tokoroa.[biggrin]

Regards

Hi Westan & Muppet,

I wonder if these new NZ investors realise that they will be “ripe for the picking” when they all want to come and buy lots of houses in Tokoroa.

“CAVEAT EMPTOR”!!!!!!

It is all about supply and demand.
This trip will AGAIN, make prices soar (temporarily) in Tokoroa.

Please spend time NOW getting familiar with prices in the town.

Regards,
Del

http://www.nzpropertytogo.com

Hi Westan,

We have sold our 5 houses that we had there.
I’m afraid we sold way too soon, but that’s life!

We did look at houses for sale there last week when we were in Tokoroa, but we saw nothing worth buying. Everybody has different goals though, I guess.

I have real fears for these Kiwi Adventure 2 buyers, and I realise that I may not be popular with some on this forum because I write this, but my conscience comes before popularity.

Regards,
Del

http://www.nzpropertytogo.com

There appears to be some perception that this is a ‘Tokoroa’ Adventure and not a ‘Kiwi’ Adventure.

Less than 10 of the 25 investors from the previous adventure actually went to Tokoroa and many didn’t buy. The investors went all over the North and South Islands with some great results in many varying locations.

Westan and Muppet, if you are so cocky confident that the prices will inflate in Tokoroa when we come to town and that you are sitting on some houses you wish to unload or purchase to quickly turn-over for inflated prices, why on earth are you putting off the very market that you think will buy those houses, in a forum that has been established by those people????

Del, we’ll try extra hard not to give you any ulcers.

People may not like or agree with the program for what ever reason and that’s fine. In fact the cynicism of some on this forum is duly noted and only inspires me to achieve more on this, my second trip. Thanks for the motivation.

Cheers…Peter

“It pays to stick your neck out”

[baaa]Hi all KA2’s

Enjoyed all the posts from all the guys (bros), at our meeting on Friday. Since we were all still at the beginning of our research in NZ this meeting was intended as just a chance meet and swap stories; nothing more.

No one should take anything someone says or writes as gospel. He who does will fail ………eventually!!!!

For me the most important thing to take in about this event is the importance of networking and surrounding yourself with like-minded people. I got a lot out our meeting. Most importantly I got motivation.

There will be another meeting in the future (maybe not at Knox) and all are welcome!!!!!!!

Some would say that Peter was pretty Lucky to come across a deal like he did. But …

Luck favours the prepared mind. Peter my hats of to you great job!![thumbsup2]
Good Luck to all.