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have sent you a PM
when the going gets weird the weird turn pro
all being blamed on the high kiwi dollar as this company exported decking and building products to Oz and USA, and the kiwi peso is up by 32% against the USD over the last 2 years
when the going gets weird the weird turn pro
most local authorities have an e version of the town map, just search though the local City or regional council
when the going gets weird the weird turn pro
also check National bank for the first years insurance free when going with them for finance they had an offer on it late last year, i managed to get two IPs on it.
when the going gets weird the weird turn pro
i agree on the finance, you either need to buya LLC company that may have a credit history or team with a local.. have PMd u easy money with more details
when the going gets weird the weird turn pro
especially when ozzies are piling over there to buy NZ property in smaller towns often without the correct & thorough due diligence which the RE agents are well aware of, you guys are the self fulfilling rise in prices, do you really think prioces would be rising after a few years of great capital gain and a rising interest rate environment
keep to your investment rules
when the going gets weird the weird turn pro
does your 13.6% take into account the up to $5k you may have paid to your buyer agent ?? might make a difference in percetage terms if the property is a low value prop, but if its included well doen thosed yields witha quality property are hard to fin even in the smaller towns
when the going gets weird the weird turn pro
Insurance brokers are pretty good too if you are thinking of more than one kiwi IP
when the going gets weird the weird turn pro
i think dan has been on the somersoft forum for where quiggles has explained hs foray into the US prop markjet specifically buffalo and niagra seems a rather large co-incidence so no need to refer him there St Johns ambience, so why dont you ask quiggles ?? i myself am currently doing my own due dilignece on property in the US, i have a partner who is based over there but you need to do your homework, not just post it out to the forum, call some people on the ground and best if all if you are considering seriously buying some property then fly ther and get a feel for the place, i am heading to the US in mid march to do exactly that.
but be prepared, otherwise they may not take you seriously..
when the going gets weird the weird turn pro
Yeah cross lease seems to be fine as long as ther anre no quarrels over title, leasehold is actually quite common as and can crop up where a private school owns the land and use to own the houses that the teachers stayed in, pletny of examples all over north island towns, I myself steer clear of them, but In London it seems a good 30% of the inner city residential property is leasehold
when the going gets weird the weird turn pro
I have a friend who lives in Invercargill and i quizzed them on the options for rentals..he says that due to purchases by investors over the past 12 months, the is now overinflated, and ther seems tobe a glut of renters so i would say you need your house to stand out from the rest, add a bit of value, maybe an econmical lick of paint
when the going gets weird the weird turn pro
as a quick note NZ to become a RE agent you just need to sit an exam, but too becpme a valuer you need a 3 year university course and then 3 years commercial experience, i did the course so have first hand knowledge, much more in depth in terms of building engineerign and the problems that may arise from poor or just older construction, your average RE agent wouldnt have a clue about all of this..
when the going gets weird the weird turn pro
rental yields are still fairly good in the more industrialised states with big blue collar workforces, capital gain still should be good in florida where you have the poms poring int here to buy homes especailly with the state of the weak US dollar
when the going gets weird the weird turn pro
these yields are still possible in the US as well, am currently researching, and looking at a buying trip early next year, i have somone on the ground int he US who i will partner up with, gotta have local knowledge i think, massive advantage than going in cold nad not just on locations and property but all the admin stuff too
when the going gets weird the weird turn pro
also quotable value is the NZ gov valuation service http://www.qv.co.nz also try the RE agents sites they are many of the same big names in oz as NZ such as Ray White real estate, century 21, etc but agree with muppet best place to start is realenz.co.nz
when the going gets weird the weird turn pro
due diligence is key, current rental is one factor only you must get a market value for a comparable rental and not from the agent who is marketing the property. the retnal yield is just the start of your due diligence process, look at all factors that will enablke you to make a good return from the property.
I have been thinking of looking at getting steves buyer beware template any one have feedback on them, i currently use my own templates on spreadsheet for purchasing +ve CF props but am always keen to learn and adapt to the everchanging market
when the going gets weird the weird turn pro
it would have to be a very large list as the people who would subscribe would all be in competion for thos properties and cashflow +ve properties are searchable on the net via RE agents and other sites already
when the going gets weird the weird turn pro
and so you dont get too narrow and zoned in on property and grasp an understanding how money moves cyclicly with manias between different investment markets, try “Extraordinary Popular Delusions & the Madness of Crowds” by charles mackay a short but compelling read
when the going gets weird the weird turn pro
“…….house available with BONUS lockable cage to imprison trouble making kids for any family that move in before Christmas…..”
might try this one i have a IP going to be empty on 14 december as last tenant all of a sudden stopped paying rent some weeks ago, acted as quick as i could to get them out and re advertise and have now settled on paying off via small tribunals court
when the going gets weird the weird turn pro
By the time I’ve sold it – thanks to the boom I won’t have lost any money but more importantly I think I learned a whole lot with this one:)
Waprincess, i think u need to be ore positive in yoru property strategies, we are all in this to make a good return ffor our hard earned money invested not to avoid losing money, i agree with getting a valuer; then you will know exactly where u stand rather than basing your investment decision on what the agent tells, and it sound liek you could do with some independent advice to help you with your decision
when the going gets weird the weird turn pro
