Forum Replies Created
Okay thanks, I will approach a lawer for this. Thats what I needed to know, if it was too difficult or not.
thanks for the reply.
I'm currently using harcourts, http://www.harcourtssouthland.co.nz but i recomend staying away, as currently they aren't doing their job. My house has been vacant since november, due to one problem or the other.
If any one could recommend a PM in Gore this will be helpful to me.
Cheers
Hi pjreno, thanks for your reply.
I am currently looking at getting a good "team" together. Are you or anyone else willing to share their personal investment strategy? And I'm talking about right down to tax claims, loan types, business structures, property criteria, use of leverage, LVR, etc.
Q. To access equity in a property, is it just a matter of refiancing the loan to incorporate the rental return, to increase your borrowing power? or is it just a matter that the banks will lend you more because you have more assets?
as always, look forward to learning more.
cheers,
Jarredhi propertyboy,
I think the others have answered your other questions well, but I can inform you on the FHOG (first home owners grand) as I have a copy of the forms in front of me. My girlfriend and I were in similar situation a few weeks ago before we signed on our property. In regards to the FHOG there is a few rules.
– If the property is in both of your names you are only eligible for one grant and neither will be eligible in the future for another. As long as neither of you have purchased a property before 2001 or received the grant previously.
– Now if you are thinking of a long property investing partnership it may be worth buying the property in one of your names and the second in the other persons name and therefore being able to receive two grants.Though depending on the type of arrangement it might be worth setting up a trust for tax benefits and forgo the second grant. That way you could both be a beneficiary of the trust and the property is protected by a company.
Hope that helps a little. If you have any other questions just ask.
Cheers Jarred.
As a current uni student renting thought i might give you the inside knowledge.
I dont think this is a deterent at all.
We pay pay all the bills phone/internet water/gas etc and the rent. I live with 3 other engineering male students and on the rare occasions we have a few ppl over for some beers and a bbq. [happy3]
Most Uni students that are renting have gone through the partying all the time stage on campus and are sick of that and move into a house with mates where they can get some work done. And also another thing to note is a lot of uni students are internationals who have a lot of money and good payers.
Obviously this is not the case with everyone.
Would you prefer 4 year kids drawing on your walls ?
Regards Jarred
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5Danyone?
[worried]
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5Dwhat are your arguments against this so called internet babble ? and these facts you have ?
Would be very interested in hearing them
Regards,
Jarred[smiling]
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5D… It’s all true….
CRAP ! !
http://www.lifeaftertheoilcrash.net/
the barrel price at the beginning of this topic was $40 its now $75 ( going on 200). Which is nothing when a world can’t function.
i’m going to steel an oil truck and sell it in 10yrs time.
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5DHi guys, thanks a lot for your replys they are fantastic. Except for Dazzlings “Bring on $ 100 USD per barrel oil I say” lol i’m sure i would love that to if i was in the oil business[jealous]
Pete r “Why would you want to give this up?”
I dont, i’m wanting to gather other perspectives to see if its worth doing full time.Dr. X – Advanced Engineering mathematics is my best subject, i’m certain it’ll help me analyse the deals.
Hi padmaa23108 i respect what you have achieved that is inspirational.
Thanks again Kay, i say again, as i read a lot of your post, hopefully one day i’ll know as much as you in the pi game.
To all that replied this has helped me a lot, i will finish out this yr as i am, uni and part time work. But from next yr no slacking off, i’ll be working full time, and uni part time.
Might even establish my web development business.
http://www.swift-tech.com.au.I put this together before i started uni, in the months i had off. So would like to pursue that area futher as well.
Regards,
Jarred [biggrin]Was there on the weekend checking it out.
The company i talked to, manage 2000 units, and hold less then 1% vacancy rate.So it seems quite easy to rent out.
But not very attractive with a 3% Net return.
Would have to say, its definitely a place i would like to live.
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5DThe reason i asked the question was to get advice from other ppl like your self that manage a full time job and uni. And i’m glad you replied cause you obviously find it manageable.
I love my course and uni life, i’m studying Robotic engineering / Computer science and thats why i dont want to quit. And i have a job if i wish to work full time.
Thanks a lot for your reply Eric, i think i will not know how i’ll manage it unless i give it ago. So heres to joining the full time work force / studying as of 2006.
Any other opinions greatly appricated.
So can you access equity in a ip that is located overseas to use in a different country other then the one it is located ??Cheers, Jarred
[suave2]
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5Dmaybe a question for TMA, can you use the investment property they are purchasing as security. I’m only new to this, but i’ve bought one IP, and its my only property, but i used this as security.
cheers, Jarred.Don and Liz, i’m not saying i’m pitching a deal to him, my girlfriend just mentioned to her dad what she wanted to do. Which was to invest in america with me.
So is our dollar expected to raise against the US, will this have a big effect on investing there ?
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5DFor an informative, i would be more specific. E.g. “Property investing for capital growthâ€.
Intro (with little story)
-Wealth creation specific to capital growth (reason for this type of investing, how to access the money obtained from capital growth)
-Type of area’s to invest in for capital growth, e.g. views.
-Property types to gain greater capital growth, e.g. house over unit.
– Reason against capital growth.
conclusionJust an idea, i definitely not the best English student as you can tell from all the gramaticalerrors, math is my forte’.
Good luck
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5DI wanted 90% for my IP in NZ. But i got knocked back because of the lenders policy, which was not giving 90% to someone under 21 or under 20. So i settled with 80%. So if your older then me, you should be able to get 90%.
Cheers
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5Dprobalby not in the kiwi sections
[biggrin]
Cheap and easy way to transfer money overseas.
http://www.tranzfers.com/refer.asp?r=jarred_spriggs%5Burl%5D%5B/url%5DAlso if getting a place overseas, send me an email to
And i’ll forward you a really good site, that are a lot cheaper then banks. I’ll earn referral points as well.
Hi Spanky, i thought i would reply and give you an insight on what i have gone through.
i’m 19 aswell, and i can tell you its annoying. I got knocked back on a 90% LVR because i was younger then 20, so that was annoying, therefore i needed a greater deposit. So that was the first problem.
The second problem was ANZ turned me down because the money showed on my statements were inconsistant. Which was because i work for my dad, and he just pays me when ever. So they didn’t like that.
3rd, I had to get the house valued, and when it was valued the guy wrote a <edited> value and said heaps of bad stuff, and valued it 8grand less then i bought the place for. His reasons were beacuse on that day NZ had 50mm or rain and there was water dripping in 3 different spots in the house and wasn’t clean outside. So the lenders said we wont lend to this house.So then i thought i was screwed.
Long came mum to help out “LOL” just as i was about to pull out of the deal. Mum without any investing experience, nor did i have much, but i did at least know something. But mum knows how to talk to people.
She organised the builder to inspect the damage, and he said it was just a blocked drain which caused the water the overflow, so would only cost aroudn 350 to fix. So then mum rang the guy who did the valuation told him to do it again at the price with the things fixed, minus the cost to repair it. Valuation now at the price i signed up. And lenders have agreed to give me the money.
YAY
Was also harder getting a loan in NZ earning 400 dollars a week. But can be done.
So i’m sure you’ll be able to get a loan, but you may just have to go through a couple like me. I suggest a Broker, they are fantastic.1 IP down, and good luck to you.
I also screwed settlement time, went unconditional before valuation and ran out of time. Now have just been approved and been given an extenstion on the loan. Was looking bad, but now i’ve very excited.
hi npmayall, the first thing i did was save as much money as i could. Then i proceeded to look at a lot of houses and start applying the 11 second rule(from steves book, determines if a ip is positively geared). Depends on your investing strategy, i.e positive geared or negative geared.
Have goals set out, and when you learn more you can keep reassessing them. Thats where i was for a fair while, once i had my goals set i found a property i believed was suitable and i am finalising that now.
1 IP down.
[smiling]
Also spend some time reading threads on here as many new ppl have asked similar questions, including me.Hi guys, i had a similar question on a thread in finance. Property Guru replied to me there and said that 90% LVR is possible. I’m currently enquiring more about that now, as ANZ told me i’m allowed at max of 80% because of the o/seas rule.
Regard’s Jarred
[king]
