Forum Replies Created
I agree, Wellington isn’t particularly known for its capital growth. Did you buy it as a home or IP, and how long are you planning on living in Mel for? What would the property sell for?
Kyron Gosse
http://www.kyrongosse.comBuild Wealth, Create Freedom, Do Awesome
Awesome idea Victor.
I host a similar one in Auckland. We do it monthly at a pub and regularly get about 15 people along and while it is AIMED at people under 35 we do get older people come too, usually they are newer investors. I have been really impressed by the work that a lot of young people out there are achieving. We have one guy with 7 properties at only 26!
Another thing is there are a lot of younger people working in property related fields such as REA, surveyors, finance etc which even if they are not investing, or not very active in their investing they are still able to bring a different outlook or way of thinking to the table.
I also have another online group which is solely aimed at young investors which I do screen and not allow people into. We can get advice from older more established investors at any time, however it is very difficult for a younger investor to get their point of view heard because of their inexperience. This allows all young investors to share what they are learning and what new approaches they are trying with people who understand the position they are in.
Congrats on getting started and if I am ever in Brisbane I will look forward to attending one of your events.
Kyron Gosse
http://www.kyrongosse.comBuild Wealth, Create Freedom, Do Awesome
NZ banks don't have a problem lending to Kiwis in Aussie. However as an offshore owner you would struggle to get LVR above 80%
As you are trading you will be subject to GST and tax on your profits.
You would probably want to get a project manager and find someone to help you find the deals.
Kyron Gosse
http://www.kyrongosse.comBuild Wealth, Create Freedom, Do Awesome
Thanks guys that really helped me out. Basically I am reborrowing any money I have already paid off the principal
Do I need to get it revalued in order to gain the equity or does it go off what the original loan was.
In the case of them not releasing it over seas, if I can’t, I figure if i can just restructure the loan into an overdraft type mortgage account and then just remove the equity from there. Would that be possible?Kyron Gosse
http://www.kyrongosse.comBuild Wealth, Create Freedom, Do Awesome
