Forum Replies Created
Your a real jerk Kibel.
Westan is very active in Texas and has more integrity in his little finger than you have in your entire body !
Thanks Dr X.
My NZ accountant says he has setup about 5 Aus investors this way with a property management agreement whereby they can claim the losses against Aus income.
The explicit purpose of the agreement is to preserve the capital of the trust, not tax avoidance.
It’s in Victoria Terry.
I’m still happy with my lot in NZ. Prices are good and as long as you get the good tenants and good property managers on board (same for wherever you invest) things are moving along nicely..
Will you guys lay off Westan. There seems to be a ‘few’ who keep hammering at his credibility. The man has integrity with a capital I. Find me someone who has been badly done by Westan and I’ll call him a liar!
Contact Marg Fouhy at Century21 for property managing, she is always on top of things. Right next door is Alex Ferrier building inspection, repairs etc..send them my regards.
Thanks DrX, no doubt my solicitor will know what to do.
I’ll take 10%+ in a growing area anytime. New Zealand has a lot to offer but you have to look harder now to find good deals.
Thanks for your thoughts Foundation…anyone else?
Yeah thanks guys, I think the best advice I can give them is to engage a good solicitor to look over the contract very carefully!
Hi Don and Liz,
I’m also waiting for tradesmen to get work done in NZ. Settled on one property a month ago and still waiting for works to be done in order to rent out. Many towns in the same situation from what I gather.
It helped me identify some underperforming properties too. They are now with the agent and on the market.
Velocity of money !
Yes welcome Jenny, good to have your imput.
Hope the Aussie invasion last week wasn’t too crazy !
If this isn’t the best post of the year then I don’t know what is.
Mini you’re a STAR !
Thanks guys some good answers in there, particularly from Mini Mogul. Market forces affect the economy everywhere and I guess I was just trying to justify my own actions to an extent in asking this question.
I suppose if we are buying run down houses, doing them up and just asking a fair rent in return then other economic factors are more responsible for driving the market value and affordability of the properties for locals to purchase.
Hey Duritz, read the books and many of your questions will be answered – particularly Steve’s second book with the mappers own stories in it.
How about this one. I left the Property Investing Master Class yesterday in an ambulance! Then spent the next 8 hours in the Alfred Hospital having tests done for severe food poisoning.
That was some lunch, worst part is I missed the last part of the day because of the time spent in the toilet (if you follow what I mean).
Sorry Steve and Dave, I certainly didn’t intend having that sort of a day!