Total Members: 158,540

aptam

  • aptam replied to the topic Share the love – neighbourly disputes in the forum No Subject 18 years, 9 months ago

    Jan,

    thanks for the tip.

    Just out of curiosity, if you had issues such as this…who would mediate? is there a tribunal for this sort of thing ?

    andrew

  • aptam replied to the topic Share the love – neighbourly disputes in the forum General Property 18 years, 9 months ago

    Hi there

    thanks for the replies.

    GrossRealisation:
    That was the perspective I was coming from. More bugged by the fact that the guy came up to us in the guise that he was “consulting” us about it. Consulting is not necessarily shoving a bill in my face and telling me how much to pay, particularly without getting additional quotes…but thats…[Read more]

  • aptam replied to the topic Share the love – neighbourly disputes in the forum General Property 18 years, 9 months ago

    Hi there,

    thanks for the reply. I thought this would be the case, notwithstanding it had nothing to do with our property.

    I suppose i was just querying it because I wasn’t sure what the implications were, given that it was a common line that terminated on his property before going out to the main street.

    Our toilets etc flush perfectly, but…[Read more]

  • aptam replied to the topic Due Diligence rules supreme in the forum Overseas Deals 19 years ago

    Redfish – spot on.

    Birddogs bring you potential deals, but thats only the start of it. Every deal brought forward by a birddog is not necessarily a good deal.

    You still have to do your due diligence…

    andrew [cap]

  • aptam replied to the topic Due Diligence rules supreme in the forum Overseas Deals 19 years ago

    This is a very good point.

    Also, I wouldn’t be surprised if agents marked up properties by a few thousand as soon as they get a whiff of an aussie. I have been working on my kiwi accent and drinking my tui’s [cap]

    I suppose the moral of the story is that if you put in an offer and think you are lowballing, you may not end up actually be…[Read more]

  • aptam replied to the topic 11 Second Rule Not Relevant to NZ in the forum Overseas Deals 19 years ago

    Hi everyone,

    thanks for the replies. I think its clear that in even in NZ a stock standard ‘buy & hold’ cash positive properties are a lot rarer. Yes, yields are higher than in Australia, but so are interest rates.

    RentMaster you mention that you either go for CG or CF+. Its interesting that even in some regional areas, CF+ properties are…[Read more]

  • aptam replied to the topic New Zealand Property Web Sites in the forum Overseas Deals 19 years, 1 month ago

    Hi there,

    has anyone had any trouble trying to get to the realenz.co.nz site over the last couple of days??

    andrew.

  • aptam replied to the topic Subdividing in NZ in the forum Overseas Deals 19 years, 1 month ago

    Hi Playa,

    I suppose what I am getting at here is more from the point of view of what happens to the two separate titles. Ie, when you subdivide, since the bank is registered as holding a mortgage over the original section, do they automatically come up on the titles for both of the properties?

    You would think that they would otherwise the bank…[Read more]

  • aptam replied to the topic Property Finance in the forum Overseas Deals 19 years, 1 month ago

    Hi Shar,

    thanks for the stats – much appreciated.

    Also, one other quick one – how long did the whole process take to set up from start to finish ?

    cheers,
    andrew.[cap]

  • aptam replied to the topic Property Finance in the forum Overseas Deals 19 years, 1 month ago

    Shar,

    Yeah – I’m not too sure about that central management and control test that determines residency…

    Even if the company is deemed to be nonresident, maybe it would be possible that as appontors, that you have ultimate control as well…need to ask about that one…

    Just out of curiosity, how much does it cost to set up a trust/company in…[Read more]

  • aptam replied to the topic Making offers in NZ in the forum Overseas Deals 19 years, 1 month ago

    Hi CD,

    thanks for your thoughts. The insurance tip is definately a good bargaining chip.

    Just to clarify, when you say you are ‘covering the cost of the insurance’ for that period I presume you are talking about having the insurance in your own name, rather than simply reimbursing the vendor ?

    cheers,
    Andrew.

  • aptam replied to the topic Subdividing in NZ in the forum Overseas Deals 19 years, 1 month ago

    Hi there,

    thanks for the insights. With regards to the financing – what did you have to do with the bank re running the subdivision past them ?

    whats involved from that side ?

    thanks
    andrew.

  • aptam replied to the topic kiwi adventure 2 in the forum Overseas Deals 19 years, 1 month ago

    I am heading over there soon, but not on KA2…

    The problem I am anticipating when asking for rentals is having them pick my aussie accent, then change tack and tell me nothing is vacant :)

    thats just me being cynical…[cap]

  • aptam replied to the topic kiwi adventure 2 in the forum Overseas Deals 19 years, 1 month ago

    Hi there,

    Just out of curiosity, when is KA2 being run ?

    Andrew.

  • aptam replied to the topic What’s the typical LVR in N.Z? in the forum Overseas Deals 19 years, 1 month ago

    We buy through a NZ Trust and get 80% LVR for most residential property, except where there are more than 2 dwellings on the section (title), then we found you can only obtain a 70% LVR.

    Can someone clarify the reasoning behind this? I would have thought two dwellings on the one section would equate to less vacancy risk because there is…[Read more]

  • aptam replied to the topic Investing (N.Z vs Aust) in the forum Overseas Deals 19 years, 1 month ago

    Cost of repairs. Tradesmen costs are considerably cheaper in NZ compared to Oz.

    Given the discussion above, if there are a lack of tradies, wouldn’t that just point to a supply imbalance?

    That just says higher prices/blank cheque jobs. If tradies are cheaper in NZ compared to Oz then I wouldn’t think that would last too long…

    andrew.[cap]

  • aptam replied to the topic You need a sense of humour OR a big baseball bat in the forum Overseas Deals 19 years, 1 month ago

    Is the Mongrel Mob available for hire ? [biggrin]

    andrew

  • aptam replied to the topic Making offers in NZ in the forum Overseas Deals 19 years, 1 month ago

    CD,

    Just to clarify, what sort of insurance would you need to cover you whilst you are in there presettlement ?

    Are you just saying that you should bring forward the insurance so that you are covered for any time you have access to the property, not just after settlement ?

    Thanks,
    Andrew.

  • aptam replied to the topic Developing / Talking to Council in the forum Value Adding 19 years, 3 months ago

    Hi there,

    thanks for the response.

    What exactly do you mean by a ‘dependent relative unit’ – is this like a granny flat type scenario ?

    Basically I was wondering if it was possible to build something else on there and putting some more tenants in the second place…

    andrew.

  • aptam replied to the topic Developing / Talking to Council in the forum Value Adding 19 years, 3 months ago

    Hi Michael,

    there is a driveway up the front of the property, that could potentially be a battleaxe setup, except I wouldn’t be subdividing anything, just putting another house in.

    there is also a gate with rear lane entrance as well…

    I wasn’t thinking about going up a storey…all single storey type stuff.

    Not sure about the privacy…[Read more]

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