Recent capital gains figures say that Taranaki has gone up…[Read more]

I have only subdivided in the North island, however the first step is to get a surveyer to visit the site and give you the low down. they measure it, give you a time-frame, exact run down of costs, etc etc

There is a lot to it i.e. where are the services, access, right of ways. There is a legal part of it too but this comes much later.…[Read more]

“I know there isn’t any “real standard”, but what is a reasonable fee?”

At NZ Bird Dogs we charge $2500 for a fee for the cheapies (say up to $150k.) For deals i.e. 250k we might charge $3000-3500 (depends on the deal.) If there is say 45k equity in it then we might charge $3500 for a 255k purchase rather than $3000k. For the million…[Read more]

others decided they feel a bit funny about this and are happy to pay the fees/taxes and retain…[Read more]

masteraccountants.co.nz

check the website, his prices are very reasonable, he does this all-day-every-day for loads of our Aussie clients in a similar boat as you.

cheers-
mini

http://www.nzpropertytogo.com/birddogs.html

I am still very active in the NZ market, recently I bought a property for 85 valued at 110, CF+ve and 1.5 hours from Auckland. I have on the table an excellent renovate CUTE property 3 hours from Auckland for 56k and I know the renovators and how good they are, it is a 12.5 return which is brilliant for something which needs nothing done…[Read more]

Disagree!
Ok, you don’t necessarily ‘get’ capital gains in 6 months if you are not going in a fast automatic price-rise period, BUT!!!! There are so many ways to create capital gains that if you are impatient you don’t have to wait for time to make…[Read more]

hi kenneth

Well if you learn 80 percent of your lessons on the first three developments, then as none of them are completed yet and won’t be for a while (these things take much time) then I…[Read more]

As an executive producer I can so relate to that!
problem plus solution equals profit.

So there was a day about a year ago when I was ‘not a developer’ and…[Read more]

He does operate in a funny way i.e. landlord gets the entire rent, Blair invoices by…[Read more]

If this is a negatively geared property, you can still make money, but you won’t be able to…[Read more]

as for Japan, So keen. I was there in May and it was all doom and gloom, the country is in the doledrums and has been for ten…[Read more]

Thanks a lot for that, REALLY!!!

I love it when the world vindicates things I have been ‘vibing’ for a long time!

Let’s just say I have ‘a lot’ going on in rotorua!

cheers-
Mini

They are cheap too, under 75k. let me know if you want one as because I’m…[Read more]

HOWEVER there are some people who just can’t relate to second hand skanksville houses on the edge of town or even further. Those people who insist on purchasing brand new should (please promise me this so I can listen to you thanking me later not whining) – endeavour to purchase at…[Read more]

Oh gee, little did I know I was being so contraversial. You know how there’s good debt and bad debt? Well, credit cards used for consumer goods is bad debt, but credit cards used for income producing assets – hey, nothing wrong with that.

Take the emotional baggage out of the word ‘credit card’ for a minute and look at it as an easily…[Read more]

glad to hear you are sorted with your $82k needs 10-15k work in Allen Bell drive.

As far as “I would never in a million years think of investing in Kaitaia, ” goes, I have so experienced that before, don’t they say “the locals are always the last to know what they had going on under their nose!”

Who are you using for a rental manager…[Read more]

I.e. if the property is listed with Lambertons, ask Harvey’s rental manager what they think – and vice versa. You will find that the story will vary. The selling agent will say ‘this property will rent for $165 a week’ and the one not selling it to…[Read more]

http://www.nzpropertytogo.com/birddogs.html

cheers!
mini

Just trawl through the suburbs you are interested in, check out what’s available for the price in the various areas.

All the Auckland rental stats by suburb are available here

http://www.dbh.govt.nz/housing/tenancy/Market-Rent/market%20rent%20area.asp?Region=Auckland

so it you cross-check rents against property prices on…[Read more]

not the ‘investor’ being lured to buy them on a…[Read more]

Shameless plug but the question does happen to be one of the 120 most frequently asked questions about investing in NZ (collected by me from clients over the last two years) which we answered on our…[Read more]

CF+ve = you can hold the property painlessly
CG’s = you make money if the property goes up in value

idea – buy CF+Ve where it will go up in value.

it is no more speculation to buy for capital gains in a town that is experiencing growth as it is for Statistics NZ to predict future growth for the next x years.!

(well then they’re…[Read more]

If you don’t know the market then get advice from someone who’s out there making money and doing profitable deals. That doesn’t mean you have to use a bird dog to find such a deal, but rather than doing nothing, if you don’t have time or confidence to go over there and learn the market and do it yourself, you could do a lot…[Read more]

well those that did buy then when it was supposedly so risky did the best. Then it made it OK for a large crowd to follow…[Read more]

All those deals Vicky found were fabulous but they are all gone now. However I will have more, if you wanted to join our list it is completely free and we pitch deals to clients on spec.

More information is available here
http://www.nzpropertytogo.com/birddogs.html

I probably sound a bit like a seminar here…[Read more]

thanks for your kind words, haha, bb- well haven’t we come a long way from the shi$#%tfights we used to have! Well if any of Steve-style has rubbed off, it is because he has been my mentor for years. i have been to that seminar over and over again (it changes slightly every time of course to reflect the strategies needed for…[Read more]

Haha, sounds like what Auckland w@anker friends of mine said mid-2003 when I was buying cheapie houses in…[Read more]

“skillful investors don’t waste their time reading or even stay away from all these predictions/speculations about property market? ”

Let’s say Steve is skillful. Damn right he reads stuff. And if I am skillful then I only got that way by reading, seminars, talking to other investors, keeping up with the market…[Read more]

2) fear and greed are great motivators used by people who sell seminars to get bums on seats.

‘don’t get burned when the bubble bursts!’

(fear)

‘we’ll tell you how to make lots of money out of the carnage that’s coming!’

greed, and speculation

skillful investors know…[Read more]

Westan has posted a thousand posts ‘for free’ here. He’s also on an audio product with me. No, that’s not free, it’s $98 bucks.

Why is it not free? Why did we make it? Many many many many newbies come here and say ‘where are the cashflow positive properties, what do I do first, what about this, what if that, what do I do if this happens,…[Read more]

I somewhat agree with Kerwyn – especially in today’s market. Especially if it’s your first property and especially if you don’t know the market backwards. I have recently started getting valuations every time I buy. As much for the lender as anything else ( as already discussed) to maximise my future purchasing power and equity faster,…[Read more]

Incorrect.
“what it’s sold for” is the Contract Price. “valuation” is the…er…valuation. As in a multi page document prepared by a registered valuer. This valuation may or may not have anything to do with the purchase price! It may be higher (yay!) or lower (boo!)

But you are correct that in…[Read more]

I think the key to queenstown is hi-tech clothing.
I’m talking gore-tex and such!
Stuff…[Read more]

caution, rant alert, this post is intended to press buttons. So be it.!

ah, bbruham strikes again. haha, yes and Buffalo is the new Tokoroa!!

?????????

I have two main reasons for not investing in the States. Just personal ones. One, broadly speaking, is George Bush. I am voting politically with my disposable income, so sue me, but…[Read more]

We are planning to stay for three months however the words have already been uttered just yesterday ‘but if we like it, we’ll stay until the end of the year’!

Can’t wait to meet you for a Pizza at the Cow!?
Oh lifestyle!

cheers-
Mini

crosslease properties are very common, they are a type of freehold, but you just own a ‘share in the whole land’ rather than ‘your own bit’. often there is a common area such as a driveway or right of way that both the cross-lessees can use.

I have a pdf document…[Read more]

I didn’t mean it like that, and I know, I was the instigator of this thread! I kept forgetting to check back, off in the Kiwi forum most of the time, and finally remembered to look, was surprised at the amount of pages and replies, and then on reading it, found it was mainly to do with your seminar.

I know what it’s like though when…[Read more]

Yes that’s right hence the recommendation to have a NZ RESIDENT (important difference) structure.

The structure is a separate legal entity which is not you. You live in Australia as a resident for tax purposes, and your entity (not you) lives in NZ (for tax purposes) unless it…[Read more]