hi all
I ahve been busy since I have been back
learning to spell and arranging loans and insurance
I have a NZ sim card if someone needs it
I area that I brought into is certainly
on the move
I offer full price for one property and they
increased the price I declined
the rest of the deals I did I am happy with r/t of 9%
recovery
mini I could not…[Read more]

I forgot to add
the bank I am using ANZ does do up to 90% if 10% is cover by insrance about .076 of purpance price
areas that they will not lend on unless you put in 30% or the property in > 70k
tokoroa
ngaruawacha
waihi
wanganui east
castlecliff
gonville
aramohon
patoruru
flaxmere
highbury
hokitika
westport
gregmounth
see ya’s
recovery

hi all
well in NZ and have busy
Levin 3 out of 5 agents nothing to sell
hot hot hot
new plymounth missed by about 1 year
small towns good r/ts but some of the PI have been on the market over 1 year
so if you need to get rid of them?
rents are good and seem to consitent
I am going back to wellington via the major and minor towns
there are other…[Read more]

Hi
I just about to get on the small plane to get to sydney to get to NZ
sounds like I better hurry or there will be no PI left to get with all these aussie buying up
I will try to fill in reports from the towns while I am there and fresh in my mind
Wellington tomorow then Levin Monday night and then north see were the car takes me
recovery

Hi all
westan you get around, I have been reading your post a lot latley
my repayments are 80k per year
this will increase very soon
my income from property is 100k
I need to get onto the bank online to work out the dedt
You story is great about buying 10 properties
in Morwell, must have been devile intervention.
recovery

hi all
it is great reading all this info. i have trouble getting to the next stage of reply.
I am going over to nz next week, just getting into a car and driving from wellington north
there seems to be so many good spots, I thought I will go on the feel of the towns and what comes along.
I would like to thank all of you for all the help that I…[Read more]

quote:
To save contacting a variety of nz banks why not try a mortgage broker. There are some that have plenty of experience dealing with non resident buyers. I will post a couple if you are interested.

Tamara

tamara
that would be good
recovery

Hi
my real name is Glenn married to suzanne 2 boys 16 and 10
live on the south coast of NSW
work for health dept
have over 10 PI
I am 41 have been into PI all life Dad was a farmer who sold up and got into PI in the 60;s and 70;s, but the alcohol got him. One stage he had over 11 PI in Stockton NSW chaep they are around 200=250 each now
he never…[Read more]

gainni
there some good ones and the end of the south island and in the middle of the north island
depends on what you looking for and how much you want to spend
just need to find what the employment is like so you are sure of letting out your PI
I have been using the phone
which is not that expensive when you get
good info on the town, I phone…[Read more]

quote:
recoveryman. When you say better than 20% deposit I assume you mean that because you are buying overseas that you need 20% plus costs? This is becuase mortgage insurers will not mortgage insure a property located in an overseas market.

You may approach HSBC as they are an overseas bank located in Australia. I am not 100% on thier overseas…

[Read more]

Mini
thanks mate
recovery[][][:0)]

quote:
hi recovery,
yes I did get your email, sorry, I must have read it and not replied, I will reply later on

>i try and get my friends into this PI stuff
>and it is hard going
>I dont think I am a lemming as ypou poited out .54% of the pop >is not herd following

I agree – I mean, I’m the only person in my circle of friends who has a bookshelf…

[Read more]

[]
mini
i try and get my friends into this PI stuff
and it is hard going
I dont think I am a lemming as ypou poited out .54% of the pop is not herd following
but I am going over to NZ and getting as many
of those good PI as the bank will lend
if interest rates go up tp 10% I will be
still; covered
I just look at county OZ PI’s
and surpised and…[Read more]

Mini
thank you for all your assistence,, I have one more request
who is you bulding inspector and where
does he live
thank you

Hi all
I am a buy and hold man
everytime I have sold I regret it
but this market is been booming for so long
I am thinking of selling one of my PI
with low r/t now, it was a good r/t when I brought it
but it has gone up so much, but not the rent
“the idea of buying for cashflow during a boom and buying for capital growth during a period of…[Read more]

[]Marcell
there are PI that r/t 10% harder to find, but they are there
might be ablr to find one that needs work that you could do
get your mum to go guarantor
it is great that you are one to this site
it is a whole world of knowledge without the hardknocks
it is important to do
it might be at the end of the boom, I dont know
but if you buy at a…[Read more]

[8D]Hi mini
thanks for sharing the good with the bad
I am feeling so postive of the market that I am going over there in Auguset 10th – 17th to get 5 IP
in the lower end of the market, north is.
I will be in NZ for one week so only going to the north is
I would like to have the name of you accountant and legal person also your insurance broker
if…[Read more]

[8D]Hi Mini
I am very interested i talking to you about NZ
I have been looking at the north island
and need some contacts
you sound like the right person
I have been phoning NZ a lot and not getting much help
glenn

quote:
hey john boy
i have numbers of both mortgage brokers and insurance brokers plus my lawyer, all used to dealing with Aussie…

[Read more]