PropertyInvesting.com | kiwiduvet | Activity

kiwiduvet replied to the topic Sour grapes.. in the forum General Property

Thu, 06 Jul 2006 10:23:00 +0000

Feed them to the cows[baaa]

when the going gets weird the weird turn pro

kiwiduvet replied to the topic How to Finance US RE deals in the forum Overseas Deals

Tue, 04 Jul 2006 08:29:32 +0000

there are tons of Brokers in Florida as this is a market the brits have been into for a number of Years getting a laon on property there for uk ciitzens is pretty straight forward due to the thousands that have done it already, i wouldnt bother witha texas broker when you can got a broker with knowledge of how things work in Florida state

when…[Read more]

kiwiduvet replied to the topic Who invests in USA? in the forum Overseas Deals

Wed, 24 May 2006 12:32:23 +0000

try HSBC, however you will need a history with them, better suited for those who have held active accounts with them for the past 12 months

when the going gets weird the weird turn pro

kiwiduvet replied to the topic 100% US Finance in the forum Overseas Deals

Tue, 23 May 2006 18:54:26 +0000

Richard i think you really have opened a can of worms, I would recommed this is open to experienced US property purchasers, who know for real the what can go wrongs items and financially allocate them into their budgets

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Investing in India in the forum Overseas Deals

Wed, 17 May 2006 07:31:58 +0000

Redwing is that the Book “Shantaram” I got halfway through it a very good insight to things there though

when the going gets weird the weird turn pro

kiwiduvet replied to the topic USA governing body? in the forum Overseas Deals

Mon, 08 May 2006 08:54:17 +0000

you are normally governed by the city or county authority and depending in what areas youa re in you might have suburn specific bylaws you must comply with, such as having the lawns mown, no litter lying around etc for minor things and then major things there will be requirements to do refurbishments to a set of building codes as well, again…[Read more]

kiwiduvet replied to the topic 60 minutes USA Buffalo in the forum Overseas Deals

Wed, 19 Apr 2006 10:19:21 +0000

Exactly Cameron, and I personally would never buy in an area that a bank is “not willing” to finance.

Come on Richard name the guy, there are enough sharks out there as it is if we can flush some of them out then it is for the greater good and if they are wrongly accused and do have agood record (which has happened on here before ) you will have…[Read more]

kiwiduvet replied to the topic USA Positive Cashflow Properties in the forum Overseas Deals

Wed, 19 Apr 2006 09:56:31 +0000

as a minor contra to Nigel if you understand the market and take the time and effort to overcome the obvious pitfalls it can be like any market quite profitable, but you have to be smart and keep a constant eye on the market and what is going on with your current investments and potential investments, dont do the norm as you will get burnt look…[Read more]

kiwiduvet replied to the topic USA Positive Cashflow Properties in the forum Overseas Deals

Tue, 18 Apr 2006 10:40:38 +0000

Had look at John Roberts site and not very impressive hardlya comprehensive service, go yourself then you can work out for yoruself the risk factors, maintenance, taxes, property management. anyone who buys overseas off a photo without going there is taking a big risk, please allocate some value to your hard earned cash.

It has taken me a full 20…[Read more]

kiwiduvet replied to the topic Finance in NY State in the forum Overseas Deals

Fri, 31 Mar 2006 08:59:43 +0000

Richard what about Houses that you intend to buy with finance as opposed to cash first then refinance, do you still require the 12 months seasoning as to me this negates the attractiveness

when the going gets weird the weird turn pro

kiwiduvet replied to the topic NZ Commercial - is there interest in the forum Overseas Deals

Mon, 20 Mar 2006 23:42:45 +0000

Don

if you find any 15-20% yileders in the deep south keep me informed of them but with a description of Location and current tenant situation

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Usa property contacts in the forum Overseas Deals

Wed, 15 Mar 2006 14:28:00 +0000

Richard thats a pretty quick assumption to make, and as for advertising check out your own signature, Pot, Kettle, Black, but young sheyla’s post should be reomoved as it is blatant advertising

Moderators do your thing..

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Tax from overseas IP's in the forum Overseas Deals

Sun, 05 Mar 2006 17:38:13 +0000

no you cant, not in NZ the UK or the USA anyway, unless you have losses in that country dependent on company/llc/trust strucure to offset against income but you pay no additional tax in a tax haven if that is your tax domicile

when the going gets weird the weird turn pro

kiwiduvet replied to the topic USA Property Values search in the forum Overseas Deals

Sat, 04 Mar 2006 13:50:43 +0000

Bearing in mind most of the values on Zillow are the eqivalent of Govt Valuations, does give you a good idea though what your property taxes will be for a potential IP.

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Markets - US rates UP NZ rates down? in the forum Overseas Deals

Thu, 23 Feb 2006 13:52:49 +0000

If you are investing in property offshore and ignore the Forex risk then you are leaving yourself exposed it must be part of your overall strategy and you should have a plan on how to mitigate forex exposure. I always have an active role in it as my home currency is the Pound but have IPs in NZ and the USA so those three crosses i actively trade…[Read more]

kiwiduvet replied to the topic Markets - US rates UP NZ rates down? in the forum Overseas Deals

Wed, 22 Feb 2006 10:59:17 +0000

i went short NZD – USD last week, looking quite good now just in profit today,

the US was always going to increase and will do so for the next 6 months at least

rumors are a lot of the big investment banks are taking big positions against the Kiwi ie long the USD against the NZD

when the going gets weird the weird turn pro

kiwiduvet replied to the topic golly miss molly here comes olly in the forum Opinionated!

Sun, 19 Feb 2006 17:08:51 +0000

olly newland “the day the bubble bursts” and his previous books such as “the rascals guide to real estate”

when the going gets weird the weird turn pro

kiwiduvet replied to the topic US investing. Ethical considerations in the forum No Subject

Fri, 10 Feb 2006 19:35:08 +0000

got to agree with Bardons original post & brisbane 04 the clear facts are that if you have been to buffalo and looked at houses in the high yielding areas that are not the slums you will find massive racial diversity, I think it is socially positive to provide investment into properties that need upgrading or a satisfactory level of comfort…[Read more]

kiwiduvet replied to the topic USA TRIP in the forum Overseas Deals

Mon, 06 Feb 2006 13:06:51 +0000

Gotta agree on the bank set up, i have set investors up in WNY and for bank accts 20 mins you are all done (as long as you have all the correct IDhowever they also need the EIN number so get in and apply for thsi straight away if you are in the US or by Post if offshore), the added bonus is that you also have then a contact in that branch should…[Read more]

kiwiduvet replied to the topic property Investing in the forum Overseas Deals

Fri, 27 Jan 2006 12:53:24 +0000

Hey moderators get this guy off the site hes advertised in every section, what a clown

when the going gets weird the weird turn pro

kiwiduvet replied to the topic investing in usa in the forum Overseas Deals

Tue, 24 Jan 2006 16:27:54 +0000

here it is
http://www.propsmart.com/

doh hadnt scrolled to the bottom of the thread sorry gross

when the going gets weird the weird turn pro

kiwiduvet replied to the topic 2006 Property Tour - USA??? in the forum Overseas Deals

Sat, 21 Jan 2006 11:56:12 +0000

dont forget these properties in the US are not a certainty for returns. houses in the snow belts are subject to extreme climate changes and there fore yoru maintenance costs can be sky high if youre not careful, and the first aussie s buying here was only about 12 months ago.

however the trip looks extremely well planned even if you will be…[Read more]

kiwiduvet replied to the topic Kiwi Finance in the forum Overseas Deals

Mon, 16 Jan 2006 13:46:09 +0000

If you can finance outside of NZ it would be better as NZ now has the highest interst rates in the developed western world

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Moving into share investments - any advice? in the forum No Subject

Thu, 22 Dec 2005 19:11:55 +0000

For advice on share investments I would not recommend people whose main focus is property which is a very illiquid market in total contrast to shares, Forex, commodities and Options/futures just ask the Japanese broker who caused the Tokyo exchange to shut down because of a keyboard mistake in executing a trade this month. I have actually have…[Read more]

kiwiduvet replied to the topic Which Country in the forum No Subject

Tue, 20 Dec 2005 14:26:59 +0000

The Irish have got the Prague market sorted they saw it early and went in and conquered the apartment scene, very shrewd in property in europe and particularly eastern europe are the Irish, they know how to work the Euro and grants very well

when the going gets weird the weird turn pro

kiwiduvet replied to the topic What is your gearing ratio in the forum General Property

Mon, 19 Dec 2005 10:42:51 +0000

6 IPs 29.8%

when the going gets weird the weird turn pro

kiwiduvet replied to the topic What type of vehicle do you have ?? in the forum Opinionated!

Sun, 18 Dec 2005 01:35:16 +0000

2005 VW Touareg 4WD just bought it Friday, great wagon V6 TDI

when the going gets weird the weird turn pro

kiwiduvet replied to the topic US Property in the forum Help Needed!

Mon, 12 Dec 2005 10:39:11 +0000

try using the search function its the fourth item under the Forum boards

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Double Your Money in the forum No Subject

Wed, 07 Dec 2005 11:53:31 +0000

great post F, very important to put it all in persective and see how hard your money is working 9% p.a growth is nota great return on your money, and thus the reason why the super rich do not bother with residential property they demand their money to worka bit harder, unfortunately i am not one of those so have to try and create a faster wealth…[Read more]

kiwiduvet replied to the topic Positive Geared USA Investment Opportunities in the forum No Subject

Thu, 01 Dec 2005 19:25:01 +0000

Buffaloâ€™s positives

â€¢ Cashflow yield, compared to NZ/OZ residential rental returns in regional cities you must compare like with like, Yes buffalo is a much larger city than virtually any regional city in NZ /OZ for accurate comparisons you should be comparing it with the likes of industrial cities in NZ/OZ
â€¢ Low cost of entry
â€¢ La…[Read more]

kiwiduvet replied to the topic Positive Geared USA Investment Opportunities in the forum No Subject

Wed, 30 Nov 2005 13:29:38 +0000

House hunter can you sum up how you add value to finding the perfect investment property in the USA when it appears from Genesis website that you can just operate directly through them and they are on the ground in buffalo as you rightly point out,

I invest directly myself and have done in buffalo for the past 10 months, and now have an excellent…[Read more]

kiwiduvet replied to the topic 57% cash on cash return???Commercial deal. in the forum No Subject

Tue, 29 Nov 2005 14:30:39 +0000

just another note of caution steves forte is not commercial property, but residential i know he appear to have done some coomrecial deals just a warning that you need to really pull apart a commerical deal much more so than a residential one, i for one as yet have not done a commercial deal so am not speaking from direct experience

when the going…[Read more]

kiwiduvet replied to the topic USA property in the forum No Subject

Mon, 28 Nov 2005 11:40:34 +0000

yeah its pretty mucha no brainer, depending on thier credit history of course and how much equity they can bank in thier own home..My partner isa kiwi that has lived in the US for 12 years so we are OK up to a point with Finance, i.e. bit liek OZ and NZ the banks will have alimit of the amount of properties they will finance for you.

when the…[Read more]

kiwiduvet replied to the topic Hey Muppet sports score ! in the forum No Subject

Sun, 27 Nov 2005 21:09:47 +0000

Enjoyed the League, superb effort by the kiwis especially to keep the ozzies scoreless, to cap it all i live in Wales and they went and beat the ozzies too. Yahooo as a blue blooded kiwi nothin better than to see our big brothers hurting on the sports field…

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Buying foreclosures in USA in the forum No Subject

Fri, 25 Nov 2005 11:47:00 +0000

Yep Ozi youre right, the other one .com must be a commercial set up to take advantage of HUd homes, it definitely wont be government.

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Buying foreclosures in USA in the forum No Subject

Fri, 25 Nov 2005 00:55:23 +0000

simply Yield and Scale

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Buying foreclosures in USA in the forum No Subject

Wed, 23 Nov 2005 14:09:44 +0000

I have also learnt through that, and westan I would agree with you, you have to be on the ground and actively investing, participating because it isnt until you actually see the people walking the walk that you learn who you can keep. from my original team I have only kept the Realtor(mainly because of the time he dedicates to Me) and the Mortgage…[Read more]

kiwiduvet replied to the topic Buying foreclosures in USA in the forum General Property

Wed, 16 Nov 2005 11:38:22 +0000

You can definitely buy below value in both NY state, and the other snow states. have done and will continute to do so and its agreat way of creating instant equity on closure with a cash purchase then a refinance, but you have to be prepared to watch and wait and then put in offers that will find a motivated seller. same principles as in NZ,

But…[Read more]

kiwiduvet replied to the topic buying new zealand in the forum Overseas Deals

Tue, 08 Nov 2005 18:39:08 +0000

buffalos a touch bigger than toke, and Westan i agree with your words, I as a Kiwi investing in Buff am doing it solely for cashflow, but there are is a lot of outside investment pouring in and i dont mean from just us kiwis and ozzies, the brits and the US out of staters are already begiing to increase thier investments there.

I however am…[Read more]

kiwiduvet replied to the topic Buffalo, N.Y., Housing Market Continues Hot Pace in the forum General Property

Sun, 23 Oct 2005 11:42:48 +0000

yes
but perspective i think is required for novice investors, when assessing opportunities, overseas property invesitng is high risk and that risk is not completely mitigated by research( whilst research is essential). experience and actual track record counts for a lot.

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Buffalo, N.Y., Housing Market Continues Hot Pace in the forum General Property

Sun, 23 Oct 2005 10:22:26 +0000

Nifgel if these “blue chip Other” areas of the US are so great why would you pass the opportunities on to other investors if the return is that solid long term, then why wouldnt you pick the best deals for yourself and make a fortune and shut up and nothave the hassle of dealing with others. Also if someone is puttin treir hard earned savings…[Read more]

kiwiduvet replied to the topic Buffalo, N.Y., Housing Market Continues Hot Pace in the forum General Property

Fri, 21 Oct 2005 09:15:48 +0000

Yeay

Capital growth now as well, actually this has been evident with the change in asking prices for comparable properties over the last 9 Months.

when the going gets weird the weird turn pro

kiwiduvet replied to the topic USA Journal in the forum General Property

Sat, 15 Oct 2005 22:27:14 +0000

why would he need to when hes already doing it for himself, its not rocket science there is no magic formula, devise your strategy go for it and learn fron the inveitable mistake you may make but these can only happen if you choose your own path.

Or put your money with a Fund manager the choice is entirely yours

when the going gets weird the…[Read more]

kiwiduvet replied to the topic Investing in USA in the forum Help Needed!

Fri, 30 Sep 2005 13:42:46 +0000

having just returned from my third trip there, would put one disclaimer you would be nuts to buy there without seeing the properties for yourself, and gettign afeel for the actual vacancy situation in any particular area, stats are oen thing the reality of seeing the vacant units is another

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Owning Property Overseas in the forum Finance

Mon, 19 Sep 2005 11:12:38 +0000

how do you think a Bank would go about reclaiming that asset in the other country, can u imagine the legal fees they would chalk up, any bank that does that i would be wary of they must be desperate to lend money, and on the way to bankruptcy themselves

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Trinations Rugby in the forum Forum Frolic

Tue, 30 Aug 2005 11:22:12 +0000

Go the AB’s what a great game, just ned the Ockers to do the decent thing now and lose to us in the last test, what with that and the cricket in pommyland the ole trophy cabinet must be starting to look fairly bare.

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Investing in Buffalo/ Rochester in the forum No Subject

Wed, 24 Aug 2005 14:26:11 +0000

Rick maybe you should share what your intetnions are and your objectives for your trip then those with experieince over there can objectively advise or suggest issues that may be relavant, other wise the likes of myself and others who own and manage properties over there remotely cannot really help you.
maybe you should outline your current plans,…[Read more]

kiwiduvet replied to the topic getting bank references for usa loans in the forum Help Needed!

Thu, 21 Jul 2005 10:49:34 +0000

guitar chick, its a big step from investing in your backyard and if you dont know yet about setting up a bank account over there then i think you need to doa bit more research and definetly an exploritory trip over there. seems to em that the best way to finance is home based, unless you have a resident U S partner with a credit history, and even…[Read more]

kiwiduvet replied to the topic Advice on Tokoroa in the forum Overseas Deals

Wed, 20 Jul 2005 10:46:59 +0000

vested interest in your post kerwyn

when the going gets weird the weird turn pro

kiwiduvet replied to the topic Property Investing sets up bank for USA market in the forum Help Needed!

Wed, 13 Jul 2005 11:31:47 +0000

seems a little over the top, i dont think the US opportunity will be there forever

when the going gets weird the weird turn pro