It’s not just the south that’s cold, although -6 is definitely a little colder than up here in Bay of Plenty. Today I noticed all this white along the side of the road in the shadows of the pine plantations, my first instinct was snow but I thought ‘nah couldn’t be’ so I dismissed that thought, after about 20kms though I had to know what it was so…[Read more]

Hey Don & Liz,

I’ll be heading through Taraniki area in the next few days so I’ll probably just miss you there and I’ll be heading through Invercargil in about 2-4 weeks so it looks like I’ll just miss you there too, can’t win!

I’ll drop you a PM when in Taraniki area anyhow, I might be hanging around up at Rotorua for a few days longer than…[Read more]

How’s that for coincidence, I’m just sitting in an internet cafe in Rotorua, I give Nathan a call and he’s in an internet cafe in Rotorua also! Not the same one, but it’s still pretty funny.

“In NZ buying properties, email me if you would like one and I’ll put you on my mailing list!”

Hey Albie I’ll probably be stopping into Nelson Saturday night on my down from Gisborne and Wairoa, if you’re around do you want to catch up for a coffee?

Sorry to be really behind on the Kiwi Adventure stuff, but what is KA and who’s running it? How many people are heading over to NZ in July, when and where will everyone be looking?

Cheers, Leigh

Hi guys,

I’m one week into a 3 months kiwi adventure buying IP’s and I’ve chosen to go for the camper van option. I’m telling you, it’s far better than renting a car and staying at overnight accom. Far less to think about and always a good view to wake upto in the morning. Every 2-3 days you’ll need to stay at a camp ground to charge the battery…[Read more]

A point of note about the Lions Tour for anyone heading over to NZ whilst it’s on, just about every campervan on the island is booked out during that period. I’m over here for a couple of months and finding it very difficult to continue my rental through the few weeks of the tour. Came as an unexpected hitch!

Cheers, Leigh

“Decide what you want…[Read more]

Hey guys,

I’ll be over there busy finding properties from February 29th – March 21st. I’ll be covering areas of both Islands, where will you both be and when?

Castledreamer,

Mini mentioned your name last night in regards to investing in NZ, I’m Mini’s partner in our joint NZ Bird Dog venture! Would be good to hear from you.

Cheers,…[Read more]

Hey Houses Only,

>Just a small point which is quite significant

Ah got me there!! I was picturing the situation in dollar terms i.e up $100k – down $50 – still up $50k. Neglected the underlying value in the percentage ratio… ooops!

Cheers

Give a man a fish & you feed him for a day, teach a man to fish & you feed him for a lifetime, give an…[Read more]

My thoughts are that if a decrease in property values exceeds the short term growth the area has experienced then you would class it as a bust. What is everyone’s thoughts on this?

My example would be, somewhere that has increased in 40% over 12 months and then decreases by 20% surely couldn’t be classed as a bust because the net effect is still…[Read more]

Hi everyone,

Please forward all PM’s to me rather than Minimogul regarding this thread, she’s way over her limit and can’t receive any more at the moment! She’ll be deleting a load later on though…

Cheers, Leigh

P.S – Things are moving along really well!! I’ve been on the net and at the travel agency planning the first trip most of the day.…[Read more]

Hi Bruce,

>Leigh and Mini (who I thought was a guy), not trying >to be a wet blanket, but have you considered getting >some local knowledge on board?

Absolutely. The success of our system will come from not trying to do everything ourselves. The very first thing I’ll be looking for in each area is a team of professionals i.e. real estate agents,…[Read more]

Hi Kay Henry,

It’s not that I want to close the thread, why would I do that! I just don’t want to be on the wrong side of the moderators []. It’s like stealing until you get caught!

RE: Mini.

You’ve said it very well! I’ve known Mini for 12 months now and everytime I speak to her it’s reaffirmed that no one I’ve ever met has a higher level of…[Read more]

Hi everyone []

It’s time to come out of the closet! My name’s Leigh Storr and I’m the guy working on the ground with Mini. As of tomorrow I will have a return airfare for 12 days to New Zealand, departing on Sunday 15th of Feb. Whilst over there I’m going to be doing a lot of travelling, speaking to a lot of real estate agents, putting in a lot…[Read more]

For anyone looking for books…

http://www.wealthcreatorbooks.com/index.php

“Give a man to fish & you feed him for a day, teach a man to fish & you feed him for a lifetime, however an entrepreneur won’t be satisfied until he dominates the entire fishing industry!”

Steve and Dave outline a ‘no brainer’ 10 year retirement plan in their Wrap Secrets Revealed Kit which will see you retire on >$100k PA. I’ve also seen similar plans in books elsewhere.

A very basic overview (off the top of my head).

First 5 years
Purchase 1 property a quarter.

Second 5 years
Reduce debt

The properties are based on $70k value,…[Read more]

I believe that like vendor finance on wrap terms most builders offering no deposit finance actually mean you can use your FHOG instead of personal savings as a deposit.

This would mean that unlike a home owner, you would not qualify for the FHOG as an investor and would either not meet the builders qualifications or be required to put in money of…[Read more]

May the FORCE be with you []!!

“If you can count your money, you don’t have a billion dollars”
J. Paul Getty

A lot of people discount negitive gearing in this forum because they only look at it in isolation.

Used as part of a balanced portfolio I believe investing in areas of high capital growth, which will more than likely be negitive cashflow, is a key (not essential) ingredient to building substantial wealth.

To put forward another point of view,…[Read more]

Try this one also…

You have three boxes of fruit which are all incorrectly labelled. One box contains apples, one contains oranges and the other contains both apples and oranges. If you can only take one fruit from each box at a time, how many fruits do you need to sample before being able to correctly label the boxes?