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]

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

Cheers, Leigh

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]

Cheers, Leigh

“Decide what you want…[Read more]

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]

>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 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]

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]

>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]

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]

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]

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!”

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]

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]

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

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]

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?

How about this one (it’s a little easy compared to the last two, maybe even easier than the sacks)…

Their are three msitakes in this sentence.

Can you find them?

I reckon it would be great if you could get them playing RK’s Cashlow game together. Learning a lot of the realities about money early in life would be the best advantage any kid could have.

Cheers, Leigh.

P.S – I think it’s great what you’re doing.

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

Search the forum for ‘interest only’ and see what comes up. This topic has been covered heaps of times and you’ll find everything you’re looking for.

My personal opinion is that IO is the way to go if you’re investing for cashflow.

– Lower monthly payments

– You can still make payments straight off the principal if you wish

-…[Read more]

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

I think you’ve actually got a fast ball here, and it’s not aimed over the plate…!

I believe we should all take responsibilty for our own actions. Declaring bankruptcy is not taking responsibilty, rather shifting it onto the shoulders of others. The shoulders of people like property investors who at the end of the day pay for *John…[Read more]

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

Well done on your achieving financial freedom, a product of lots of hard work and focus. Two things that I battle with everyday!

‘DIAMOND_GUS’… would I be right in assuming network marketing? I have a close mate who has just got involved and is hopeing to do really well out of it (I think everyone does!). Although it is not my piece of…[Read more]

Cheers.

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

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

I think Steve’s ability of obtaining ‘unlimited’ finance comes from his knowledge of the banking industry, legal structures and the real estate market. Know what each bank is looking for and only present them with deals which fit within their criterion. Being able to think outside of the square and get creative will also go a long…[Read more]

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

At the end of the day if you purchase another personal property you will have access to 80% of your money for property investing. However, although you may actually buy the property for cash (upto $400k) you will still be making repayments if you refinance to fund your investing. If the properties you are purchasing are positive cashflow…[Read more]

Other than travelling to England with my parents when I was barely old enough to remember it I’ve never been overseas. I’ve never been to America, Ireland, Fiji, Bali, Greece, Italy, Canada, or New Zealand, other than Footscray ([]) I’ve never experienced another culture, never seen…[Read more]

What i mean by this is that because the US housing market has been around for a lot longer than Australia (obviously!) then what’s happened over the years in the US might be a good indication of what might happen…[Read more]

1. You could try approaching the vendor to retain an equity in the property.

i.e – Vendor leaves 15% in the property and you obtain 90% finance through the bank. Most likely to achieve this when offering the vendor a premium price for their property for doing so.

2. If…[Read more]

quote:As for investing ten thousand dollars to re-coup a net of twenty dollars a week, Mini you could earn that in one hour driving a taxi and keeping your ten thou. for a decent investment.
Bless you my child!!!!! Never mind you’ll learn
one day

Hi bbruham, have you gotten into property investment to retire early on a passive income or to buy a…[Read more]

quote:i bought 2000 shares in CSL on the float 7 years ago for 2.40 each. sold them 3 months later for about the same price when i decided to buy a family home and neaded the deposit. chose the wrong shares because they they recently reached $50 a share could have made 100K,

I sold a parcel of shares i had in a company by the name of Virotec to…[Read more]

I think you’d only consider this on a very large deal, maybe apartment blocks or commercial deals.

quote:and they really put the screws on him so to speak

I can imagine, you should see some of the negotiating tactics these guys were showing us!!!

I’ve been to the Richmastery Property Academy seminar and from what I’ve seen of these guys (Phil Jones & David Hows) business they’re running a good operation. I believe they’re very switched on with what they’re doing and are building a business based on people as well as profit. They work closely with Brad Sugars also who’s a…[Read more]

They’re currently building a ‘floating city’. It’s basically a luxury cruise ship which houses 100,000 people, it’s 1.5km long and 17 stories high, has its own university, shopping centres, casinos, parklands, golf courses, airport, mariner, train line etc etc. It follows the sun around the globe docking in…[Read more]

quote:Also with a trust, aren’t you being double taxed on your income with a trust? I mean I pay PAYG income tax and then use some of that income to pay rent into the trust and being trustee the rent paid by my income is also taxable ?

Unless it’s negitive geared, then you may even get a tax deduction against your personal income (depending on…[Read more]

quote:Leigh, on your other post I had to look up Warranbool to find out where the place is hiding.
And your RIGHT it’s not on my investment list.
If you keep buying properties in Warranbool you
own the whole joint in a month!!!!

Show me how to buy a town of 28,500 growing by the minute and I’m all ears [^]

“If you can count your money, you…[Read more]

The colder the better! Bring on the snow []!

I think your idea is great regarding the photo’s, maybe we could organise an external page linked to the forum where we can all post our pics. Divide it into a couple of categories and Bob’s you uncle!

Isn’t it amazing the opportunities that can present themselves [].

I’m very interested in catching up for a chat over a cup of coffee sometime. You never know what may come out of it.

Are you heading to Steve’s seminar on the 26th? I believe you’re Melbourne based anyway?

Cheers, Leigh

Will keep it in mind. I had actually thought of doing it for real, not on the NZ thing but on a different strategy. I’ve got a couple of friends into the reality TV show stuff (they received a grant from Channel 10 for a reality show based around a night out at a pub!) so it wouldn’t be too hard to put it together. Maybe I could…[Read more]

I think you may have the wrong idea on tax reductions. Paper loses, the type you see from real estate I would consider ‘good’ deductions. Expense deductions, the type you see from leases and borrowings I would consider ‘income reductions’ and thus ‘bad’. Maybe you don’t pay tax because you make no money?

You may also have the wrong…[Read more]

Warrnambool for example has doubled across the board in under 3 years. I was talking to a mate on the weekend who’s just got into RE (as an agent []) but he’s bought 4 cf+ properties there in the last 3 months. So cf+ and…[Read more]