PropertyInvesting.com | Tasman Property | Activity https://www.propertyinvesting.com/members/tasman-property/activity/ Activity feed for Tasman Property. Mon, 13 Apr 2026 02:00:52 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e20ee92cfe821994ce53dba928cbb1f4 Tasman Property replied to the topic 6 Things i've learnt in the forum General Property https://www.propertyinvesting.com/topic/4373214-6-things-ive-learnt/#post-4469636 Mon, 26 Apr 2004 00:36:00 +0000 Have a defined exit strategy so that you know the potential profit in the deal from the start.

eg – buy and hold, wrap, reno, whatever – be able to picture the deal through to completion and you walking away with your profit ready to do the next (bigger) deal.

John.

(I believe that later this year there will be no +CF deals left in NZ, so I’ve…[Read more]

]]> 190221ee04994ced17b913193e7c36c9 Tasman Property replied to the topic CGT on PPOR when selling? in the forum General Property https://www.propertyinvesting.com/topic/4373132-cgt-on-ppor-when-selling/#post-4469068 Thu, 22 Apr 2004 17:30:17 +0000 No Allan, there is no CGT on your PPOR. Unless you have a REALLY bad accountant!

(I believe that later this year there will be no +CF deals left in NZ, so I’ve moved here to invest full time. I can find +CF deals for your NZ portfolio for a fee, just email me tasmanproperty@xtra.co.nz)

]]> 3c7e6256f42d164ac49ab1c2ef2b1923 Tasman Property replied to the topic Defense Properties ( D Housing Australia) in the forum No Subject https://www.propertyinvesting.com/topic/4372989-defense-properties-d-housing-australia/#post-4468237 Sun, 18 Apr 2004 12:16:33 +0000 From memory, their management fee is about 16% which is high, but includes all maintenance expenses. So you know where you stand all the time, no surprises.

I believe they actually factor in the long term lease (usually 6 or 9 years) into the purchase price, that is, its higher than just the property alone would be priced at. Keep this in…[Read more]

]]> 57f6c28f2d1a28acb7c249b22e778350 Tasman Property replied to the topic Internet Banking O/S to NZ in the forum No Subject https://www.propertyinvesting.com/topic/4372882-internet-banking-os-to-nz/#post-4467437 Thu, 15 Apr 2004 23:41:20 +0000 A quick note to Elves,

bank cheques are an option, but you will probably get a lower conversion rate than for an electronic transfer, and if you’re transferring $100K this can mean a few hundred dollars difference. So its not really the cheapest option in that sense.

Electronic is easier than manual (cheque = paperwork) for the NZ bank. It’s…[Read more]

]]> e849b4d677c76365a86ff57c4ab081cf Tasman Property replied to the topic When to sell in the forum General Property https://www.propertyinvesting.com/topic/4372918-when-to-sell/#post-4467655 Thu, 15 Apr 2004 23:36:48 +0000 It depends on your situation, and everyone’s different. You need to do what suits you best.

If your property has had a nice gain, and you want to lock that profit in as you feel the market has reached a peak then selling might be a good idea.

If you think the market is still going to keep going up and you have no reason to sell, then holding…[Read more]

]]> 21fbe109a275f9b3067a01f95e12f9f2 Tasman Property replied to the topic Offers over 200K in the forum General Property https://www.propertyinvesting.com/topic/4372862-offers-over-200k/#post-4467345 Thu, 15 Apr 2004 11:08:32 +0000 WAF, what would you do with the land? Remember Shape-O…

If you have an exit strategy in mind (i.e. how you are going to make money with this deal) then you can choose your entry strategy to suit.

For instance. Say you buy the land and then subdivide and build townhouses on it and you believe you can sell all these for $800K no problem. (I’m…[Read more]

]]> fe07011b5008475b47050b4a910aa05d Tasman Property replied to the topic Good Solicitor/Good Accountant in the forum Good Solicitor/Good Accountant https://www.propertyinvesting.com/topic/4372870-good-solicitorgood-accountant/#post-4467377 Thu, 15 Apr 2004 10:58:46 +0000 Oh just another thought. When I was starting to buy property all I used was a conveyancer.

Now that I am seriously investing, I use a good solicitor.

If you are seriously investing, then you need a good solicitor as much as a good accountant.

John.

(I believe that later this year there will be no +CF deals left in NZ, so I’ve moved here to…[Read more]

]]> 7b4b6893c1435dbaa4d702321c561979 Tasman Property replied to the topic Good Solicitor/Good Accountant in the forum No Subject https://www.propertyinvesting.com/topic/4372870-good-solicitorgood-accountant/#post-4467376 Thu, 15 Apr 2004 10:56:29 +0000 If you can find a solicitor who is also a property investor (or at least is good enough that he or she SHOULD be one) then they are great as part of your team. For example, say you are buying a property and you cant arrange the building inspection in time and the contract is about to go unconditional and you dont know what to do! What are your…[Read more]

]]> edb4287a3efd061814358382ec1a7ddd Tasman Property replied to the topic Internet Banking O/S to NZ in the forum General Property https://www.propertyinvesting.com/topic/4372882-internet-banking-os-to-nz/#post-4467434 Thu, 15 Apr 2004 10:51:53 +0000 Hi Kitdoctor.

I am in the same situation – I have CBA account and NZ bank account. No it cannot be done online using Netbank (yet – its coming apparently).

You need to call into any branch of the CBA and complete an IMT (international money transfer) – costs about $28 (plus whatever your NZ bank charges to receive the cash at the other end,…[Read more]

]]> 18870e9a66cda1349a607e49fa15d8ba Tasman Property replied to the topic Can we have a sneak preview in the forum General Property https://www.propertyinvesting.com/topic/4372908-can-we-have-a-sneak-preview/#post-4467583 Thu, 15 Apr 2004 10:39:57 +0000 Hi Jaffasoft. The MAP is still underway, so best to wait until the end when the results are in… we’re still having a go (as you say).

One of the big things we’ve all realised in MAP is that everyone is doing something completely different to everyone else. So to be honest, there’s actually no point putting up a case study like you ask, as…[Read more]

]]> 1f11581d749359b495aa85eaf4159935 Tasman Property replied to the topic Don't know what to do! in the forum No Subject https://www.propertyinvesting.com/topic/4372857-dont-know-what-to-do/#post-4467288 Tue, 13 Apr 2004 23:17:21 +0000 Dean, I agree with Redwing and MortgageHunter. There seems there’s one of two things happening here:

1. You are in the lucky situation of someone being interested in your property and can make a quick $80K. Don’t kid yourself – if this is the case, take the money! I dont know how much you earn, but probably you could take a year off and still…[Read more]

]]> 95482990ad530d4289913474a6b56e64 Tasman Property replied to the topic Choosing a selling agent in the forum General Property https://www.propertyinvesting.com/topic/4372859-choosing-a-selling-agent/#post-4467307 Tue, 13 Apr 2004 23:01:24 +0000 Hi Tomori,

comments from others are worth considering – if you want to free up capital for more deals you could just refinance to get at the equity in your properties. However if you feel the market is changing downward, or if you are in NSW and want to avoid the new stamp duty on exit, or simply want to take some profits (which contrary to some…[Read more]

]]> 8b9851aa5ce1d3f9782c9efbf37fdbb7 Tasman Property replied to the topic Calculating +ve cash flow incorperating Tax in the forum General Property https://www.propertyinvesting.com/topic/4372789-calculating-ve-cash-flow-incorperating-tax/#post-4466976 Mon, 12 Apr 2004 04:29:28 +0000 For your cashflow calculations, the difference tax makes is simply another line to add in (to the examples Steve gives in 0-130 which you’ve already seen).

For example, in the book all the deals are worked out without depreciation considered (there are reasons for this but i wont go into it as you wanted to know how to incorporate a tax rebate…[Read more]

]]> 75fd342b1cd4c6a4de0118e0db76c248 Tasman Property replied to the topic NZ bubble is about to burst? in the forum General Property https://www.propertyinvesting.com/topic/4372504-nz-bubble-is-about-to-burst/#post-4464925 Thu, 08 Apr 2004 01:27:33 +0000 There’s also the Lord of the Rings aspect. yeah yeah you say, but think about how big this is… Suddenly New Zealand is the ‘hot’ destination for millions of Americans who are getting married here, moving here, having holidays here…

It’s suddenly on the radar and is being heavily promoted (have you seen the Air NZ planes with full LOTR themes…[Read more]

]]> 95ca907cb0352096340a67f9351b7fad Tasman Property replied to the topic Bye Bye NSW Property Market (long) in the forum General Property https://www.propertyinvesting.com/topic/4372656-bye-bye-nsw-property-market-long/page/2/#post-4466131 Wed, 07 Apr 2004 03:41:03 +0000 Hi all, I have three comments:

1. I have IP’s left in Hobart that I have been considering selling to take profits (to reinvest in another market, and yes that would be NZ). If this new tax were in Tas not NSW I would be selling immediately. I wonder how many NSW investors are sitting on a stack of potential cash and will be thinking along the…[Read more]

]]> cbdddad2833641a2849e524281d116e7 Tasman Property replied to the topic Moving state, don't want to rent....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4372565-moving-state-dont-want-to-rent/#post-4465350 Sun, 04 Apr 2004 02:54:40 +0000 Hi Gran T (!)

I’d like to help as this is the situation faced when I moved from Sydney to NZ recently (and yes getting finance has been tricky, but mostly because I am now a self employed property investor and have changed career and stable income etc all in one go).

You need to think of it from the banks viewpoint. Basically anything is…[Read more]

]]> 1987a1324ad692c37d3ffdb2ab84db2e Tasman Property replied to the topic Investing in NZ in the forum General Property https://www.propertyinvesting.com/topic/4372478-investing-in-nz-4/#post-4464737 Sun, 04 Apr 2004 02:31:44 +0000 Great tips Brent!

I feel that one of the bigger risks is to the uninformed investor that buys in NZ without really knowing the market here. Specifically:

1. Someone who buys over the net or phone from Australia (still cant believe people do this).

2. Someone who flies over, hires a car for a week and does a whirlwind tour to buy properties in…[Read more]

]]> 7e7c7f99cc93bb6ff98d8cb158c87afd Tasman Property replied to the topic Q for NZ specialist in the forum General Property https://www.propertyinvesting.com/topic/4372539-q-for-nz-specialist/#post-4465165 Sun, 04 Apr 2004 01:56:57 +0000 Anythings possible if you find the right person to talk to… butin my experience 80% LVR is the limit for Aussie investors in NZ. Plus if you go over that you have another cost to factor into your CoCR calcs, namely mortgage insurance.

Stick to 80% or less in the current market would be my tip, depending on your own circumstance.

Good luck…[Read more]

]]> 440d5504534a9f7c954c41d6c405bce7 Tasman Property replied to the topic what would u do with 600k cash?? in the forum General Property https://www.propertyinvesting.com/topic/4372541-what-would-u-do-with-600k-cash/#post-4465185 Sun, 04 Apr 2004 01:48:18 +0000 put some in the bank, earning good interest, then offset the tax on the interest by conservatively gearing into property and/or shares as well (unless you like to take higher risk, are experienced and want everyting to happen faster).

Say $100K in the bank

and

$500K + $500K borrowed = $1m property portfolio.

Depending on your time available,…[Read more]

]]> d193502d9926353a02fd96e36a6566c7 Tasman Property replied to the topic Spotter's Fees in the forum General Property https://www.propertyinvesting.com/topic/4372584-spotters-fees-3/#post-4465513 Sun, 04 Apr 2004 01:36:11 +0000 I would suggest that you secure the property under contract in your name and/or nominee (subject to due diligence, or a clause that states you will be forwarding the deal, if you have lots of buyers and know this can be done quickly) before offering the deal for a spotters fee. This way you can freely discuss it knowing its already under…[Read more]

]]> b1b73bc675b4234c01dd8eb4c5166f07 Tasman Property replied to the topic Just starting in the forum Just starting https://www.propertyinvesting.com/topic/4372581-just-starting-2/#post-4465506 Sun, 04 Apr 2004 01:27:36 +0000 Sibo, Steve McKnight and Dave Bradley no longer run the accounting practice… their focus is purely on property investing (.com).

JLTarra – take a look through the forum specifically on wrapping as there’s heaps of info in there and you’re sure to learn a lot, inc. some potantial contacts for accountants etc.

Cheers,

John [biggrin]

(I…[Read more]

]]> 22b78404fb5fd444411aafe367810869 Tasman Property replied to the topic Regional/Country property predictions in the forum General Property https://www.propertyinvesting.com/topic/4372359-regionalcountry-property-predictions/page/3/#post-4463819 Sun, 04 Apr 2004 01:21:38 +0000 I’m originally from Tassie and my experience there was the doubling of prices based mostly on yields compared to Sydney/Melbourne. All the investors in Sydney etc were saying ‘I get 2-3% yield on my IP here, I can get 6% in Tassie’ (that’s after the prices went up, initially we were getting 11-15% and it was all +CF!)

At that stage everyone was…[Read more]

]]> 740a38baa9e090a1e27a393826db95a7 Tasman Property replied to the topic Anyone - NOT buying now???? in the forum General Property https://www.propertyinvesting.com/topic/4372573-anyone-not-buying-now/#post-4465413 Sun, 04 Apr 2004 00:50:18 +0000 Buying in NZ! It was just way too hard in Sydney.

John [biggrin]

(I believe that later this year there will be no +CF deals left in NZ. If you’d like Steve’s MAP protege living in NZ to leverage your time and find the deals to build your portfolio quickly, just ask me!)

]]> bb4a941304f70330bc28220c3de6e700 Tasman Property replied to the topic Investing in NZ in the forum No Subject https://www.propertyinvesting.com/topic/4372478-investing-in-nz-4/#post-4464730 Thu, 01 Apr 2004 08:39:17 +0000 Hi Ceec, welcome to the forum.

I am investing in NZ, north island. To put it simply, its booming here right now. In fact I’ve just adjusted my investment criteria as I was missing out on some great deals by being too selective. Now its all going well and I am about to purchase another investors portfolio in one go.

The way I see it is that by…[Read more]

]]> 32c19384ef15a67e260b936d69b5d087 Tasman Property replied to the topic Damn Investers in the forum General Property https://www.propertyinvesting.com/topic/4372481-damn-investers/#post-4464759 Thu, 01 Apr 2004 08:26:15 +0000 This is a great example to highlight Steve’s comments in his newsletter today (something that was discussed at the last MAP meeting, and which I fear may have been skimmed over by many reading the newsletter today!)

Action leads to RE-action leads to momentum.

Risky took action, entered the waiting place (and while in there posted his first…[Read more]

]]> 8579f70f723e17955d836e3181be1d7f Tasman Property replied to the topic On comfort zones in the forum General Property https://www.propertyinvesting.com/topic/4372500-on-comfort-zones/#post-4464893 Thu, 01 Apr 2004 08:15:22 +0000 Great post Schardijn, well thought out.

If you are challenging your comfort zone (meaning you feel frustrated or uncomfortable) then you are growing and achieving.

I made the mistake last year of focussing on the dream, the goal, the passive income and financial freedom. Trying to achieve these things in order to become truly happy.

I realised…[Read more]

]]> b6c865f6067d4c94d80b0d2c82927183 Tasman Property replied to the topic Steve Mentor Program in the forum General Property https://www.propertyinvesting.com/topic/4372508-steve-mentor-program/#post-4464949 Thu, 01 Apr 2004 08:05:35 +0000 Gday Brett2. The group is going well, we are all doing different things and are at different stages on ‘the journey’.

We have a monthly meeting in Melbourne, and most of us chat regularly between meetings to help each other with ideas and issues that come up.

Look out for next months newsletter with some comments from the MAP group (I think…[Read more]

]]> 83d4036789ff7f2a69b0156ca4069174 Tasman Property replied to the topic Steve's Wrap Pack in the forum Hotch Potch https://www.propertyinvesting.com/topic/4372513-steves-wrap-pack-2/#post-4464993 Thu, 01 Apr 2004 08:00:07 +0000 Steve, the wrap kit will confirm that wrapping is for you or not. Whilst I havent read it myself, I know Steve has carefully written it and it is as current as current can be.

At first I chuckled at your post, then realised that your attitude is spot on for success – so give it your best shot!

If you’re trying to justify the cost, ask yourself:…[Read more]

]]> 4f35b2892986541f1c7403a3a0fa9f8f Tasman Property replied to the topic The 3 P's of Property in the forum General Property https://www.propertyinvesting.com/topic/4372460-the-3-ps-of-property/page/2/#post-4464502 Thu, 01 Apr 2004 07:55:30 +0000 zbfairlane, you sound just like I was before MAP. I had some initial success with property and then couldnt find any, and was in the ‘waiting place’ for a year or more. Not only was I not getting anywhere, but i had no energy and was not happy with life in general. This may not be the same as you, but you sound a little ‘tired’ in your post and…[Read more]

]]> 8fa8717ea4efd2105a63e963bf58698f Tasman Property replied to the topic How do you measure PI? in the forum General Property https://www.propertyinvesting.com/topic/4372503-how-do-you-measure-pi/#post-4464909 Thu, 01 Apr 2004 07:38:52 +0000 I agree it is the net income that is passive ($1K). There are many ways to describe it, some refer to it as residual or recurring income because its not actually passive (you have to do something in order to get the $1K, especially in a wrap say) but at least its a better form of income than wages, as it will recur each year whilst you have the…[Read more]

]]> 03e395cbb199a0e19903f426cea92c84 Tasman Property replied to the topic NZ bubble is about to burst? in the forum General Property https://www.propertyinvesting.com/topic/4372504-nz-bubble-is-about-to-burst/#post-4464914 Thu, 01 Apr 2004 07:24:29 +0000 I like Dan’s thinking and agree totally. I’ve been here a couple of months now and was getting a little frustrated that every second property wasnt 20% cash on cash return (just joking, but you know what i mean!). But think about it… there’s few +CF deals left in Oz, its reasonable to predict that by the end of this year there will be few…[Read more]

]]> 3c2c448b00d11cd3810e082b789140eb Tasman Property replied to the topic The 3 P's of Property in the forum General Property https://www.propertyinvesting.com/topic/4372460-the-3-ps-of-property/#post-4464491 Thu, 01 Apr 2004 01:40:54 +0000 Steve said: “And there’s a sacrifice that must be paid, since to receive the benefits from investing you must first step out in faith (since the results will be unknown) and take action”

In my case, I was deep in a comfort zone (my job in Sydney) yet I was not comfortable! The MAP was the catalyst i needed to take action and resign and move to…[Read more]

]]> d9e6f3d3100500eae8f0220f0645151a Tasman Property replied to the topic why private sale? in the forum General Property https://www.propertyinvesting.com/topic/4371995-why-private-sale/#post-4460629 Sun, 14 Mar 2004 08:56:53 +0000 and the reason they specifically say ‘no agents’ is that they dont want agents calling them up asking ‘have you had any offers yet? would you like me to give you a free appraisal and chat about our marketing strategy.. etc etc…’

without it (and probably even with it, sigh) probably half the agents in town would ring up to check.

]]> 7a12a248e57fdf397e0b0a6d12270725 Tasman Property replied to the topic make an offer by drawing a cheque in the forum General Property https://www.propertyinvesting.com/topic/4371973-make-an-offer-by-drawing-a-cheque/#post-4460447 Sun, 14 Mar 2004 08:48:43 +0000 Try this! Make the deposit payable at the time the contract goes unconditional (i.e. the deal is definitely going ahead).

That way you dont pay any deposit until as late as possible. Agents like it as they dont have to bank and possibly return deposit cheques all over the place.

Just include a clause to this effect in the contract.

]]> 6ff582ae52e3481e6fdbf756b9895410 Tasman Property replied to the topic Starting a property syndicate in the forum No Subject https://www.propertyinvesting.com/topic/4371158-starting-a-property-syndicate/page/2/#post-4453844 Sun, 14 Mar 2004 08:33:58 +0000 Melbear is right… you only need all the PDS (Product Disclosure Statement) side of things if your marketing to (I think) more than 15 or 20 people.

You definitely dont want to be setting up PDS and waving red flags at ASIC for one deal. Its just not worth the headache. Although there are companies around that provide this service (I know of…[Read more]

]]> 915203a7d670be5caace1bf21a8ebcce Tasman Property replied to the topic Property Investing in the forum Finance https://www.propertyinvesting.com/topic/4371966-property-investing/#post-4460415 Sun, 14 Mar 2004 08:22:40 +0000 spi, well done on learning what you can! You should keep reading good books like RDPD and Steve’s, and the forum to keep learning. You will also learn by taking action (even though this will mean stepping outside your comfort zone).

You may feel that you are not ready, but you can always check what you are doing on the forum, step by step.…[Read more]

]]> c8ddd0a1a5c464c704390e1482c308f9 Tasman Property replied to the topic Seeking advice on financifirst investment property in the forum Finance https://www.propertyinvesting.com/topic/4371949-seeking-advice-on-financifirst-investment-property/#post-4460212 Sun, 14 Mar 2004 08:17:30 +0000 singharoo, get your finances pre-approved (esp. if you are looking at auction sales). This means talking to a bank or mortgage broker as MH says and getting a letter from them saying that you can borrow (say) up to $200,000.

Normally this letter will also say what other conditions you need to meet, eg the finance offer will be subject to the…[Read more]

]]> b023e500185dc20a1e2a6138d69c350e Tasman Property replied to the topic TODAY TONIGHT - Thur 26/2/04 in the forum Heads Up! https://www.propertyinvesting.com/topic/4371510-today-tonight-thur-26204/#post-4456324 Sun, 14 Mar 2004 08:09:01 +0000 Del was the one with the champagne!

]]> 681b6613db600bf3c5974057dceecebf Tasman Property replied to the topic Net Cashflow calculation & initial deposit in the forum No Subject https://www.propertyinvesting.com/topic/4371830-net-cashflow-calculation-initial-deposit/#post-4459087 Sun, 14 Mar 2004 08:04:04 +0000 yep Melbear is right – your CoCR will be higher with low or no deposit, but your overall cashflow will be less due to the higher interest payments (than if you were just borrowing 80%).

Steve and Dave were able to quickly step up into new deals because they had a clear exit strategy for each property. In many cases, wraps.

]]> 87b10d521a8d07772ae339b6986ccbd4 Tasman Property replied to the topic spotters fees in the forum Help Needed! https://www.propertyinvesting.com/topic/4371643-spotters-fees-2/#post-4457668 Sun, 14 Mar 2004 07:39:10 +0000 First up, I am surprised that no one has come back asking for the deal!

I think Dan just wants to make a few $ from a deal he has seen. Right Dan?

A couple of ways I can suggest:

One is to sign up the deal in your name with a clause that allows (say) 7 days to find a buyer for the deal. A new contract would then be signed with the new…[Read more]

]]> 269d8fca53d4f0ab7f32da5cdf565f55 Tasman Property replied to the topic Overseas Property Investing in the forum General Property https://www.propertyinvesting.com/topic/4370169-overseas-property-investing/#post-4445833 Wed, 14 Jan 2004 09:16:54 +0000 there is a difference between country residency and tax residency, and you can in fact be tax resident in both Australia and NZ at the same time, yet only physically reside in one country. Have a look under the NZ IRD website http://www.ird.co.nz and you should be able to find guidelines to who is a tax resident in NZ. Its all about being there around…[Read more]

]]> f9d91942091d6101f3da4d6c85d9866b Tasman Property replied to the topic Hi Tas Investor in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368260-hi-tas-investor/#post-4430464 Tue, 30 Sep 2003 05:08:52 +0000 Hi Ernest,

(sorry for the delay finding this post!)

AD is right – I moved to Sydney two years ago with work. Used to be in Hobart, now I get back there about 1-2 times a year.

Feel free to ask any questions about investing in Tassie. I have 3 properties in Hobart. Just sold one other to lock in some of the gains.

Tas [:D]

]]> 8cbbdb161ef29a3ce9f6a0149de14138 Tasman Property replied to the topic next meeting in Sydney in the forum Opinionated! https://www.propertyinvesting.com/topic/4368202-next-meeting-in-sydney/#post-4430225 Tue, 30 Sep 2003 04:29:33 +0000 there is an existing group (not just property, but like minded investors) at http://www.northernbears.com

they play cashflow games, and often arrange group pricing for seminars like Dolf De Roos, Robert K etc… and even group discounts for the 3 day courses (saving around $2,000).

take a look anyway, must admit I have not been for a while.

Tas [:D]

]]> 7fc6795af7b065007239587b09ec758c Tasman Property replied to the topic Where to invest? Kiwiboy in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368288-where-to-invest-kiwiboy/#post-4430727 Tue, 30 Sep 2003 04:26:17 +0000 For your first IP I would suggest an area you are familiar with (its one less things you need to analyse first) – so this may be NZ or it may be Sydney.

I would also suggest that you consider somewhere local FOR THE FIRST ONE, as that way it will be less stressful for you to keep an eye on.

Maybe you travel back to NZ regulalry? If so – not a…[Read more]

]]> feb0813c0b494033f96a4f28cf665268 Tasman Property replied to the topic NEED ADVICE _ URGENT!!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368256-need-advice-_-urgent/#post-4430439 Sat, 27 Sep 2003 06:19:55 +0000 By the way, even if you had signed the contract you could probably have used the finance clause to get out of it (i.e. make yourselves look bad to a lender and get declined).

All up, as your first IP congrats on giving it a go and don’t let this little upset stop you from trying again. The first one is hard as you’re not sure what you dont know,…[Read more]

]]> 11c9d0cb7e556d7f2c99ca5a14edc899 Tasman Property replied to the topic NEED ADVICE _ URGENT!!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368256-need-advice-_-urgent/#post-4430438 Sat, 27 Sep 2003 06:16:33 +0000 You havent signed a contract so relax… No contract = no deal. All you do is tell the agent you have reconsidered and decided not to proceed.

Alternatively, redo your numbers and work out if you can offer a lower amount that will be + CF for you, and reduce your offer. They may not accept but that’s what you could do.

You could even do what…[Read more]

]]> a41f25fa2d7737c9e04ad2e5ecb371ae Tasman Property replied to the topic Tax consequences of investing in NZ in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367937-tax-consequences-of-investing-in-nz/#post-4428770 Sat, 27 Sep 2003 05:41:21 +0000 Marc, I was just going to recommend the article I read on ‘introduction to taxes in NZ’ that I saw on your website. But you beat me to it.

Great stuff, I am getting in contact with NSA in Auckland to discuss further.

Tas [:D]

]]> 69c07a4b0cf99198c97f6be9c999f0a9 Tasman Property replied to the topic Oz TV in NZ in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368106-oz-tv-in-nz/#post-4429620 Sat, 27 Sep 2003 05:38:41 +0000 Hey do you get anything from the ABC? Like Doctor Who? or the UK shows like Red Dwarf, Fawlty towers (that type of thing).

Its back on here every night going through all the episodes in order (will take years!??)

Tas [:D]

]]> c5b9151021fa6a99f94f4b1b60726960 Tasman Property replied to the topic Invest in Tasmania in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367925-invest-in-tasmania/#post-4428716 Sat, 27 Sep 2003 05:35:41 +0000 (sings) Dont cry for me, Argentina!

Tas [:D]

]]> 0367db4fa3a77488bbf1e931740ceee0 Tasman Property replied to the topic excuse me insider in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368133-excuse-me-insider/#post-4429798 Sat, 27 Sep 2003 05:23:40 +0000 If you can find a money partner for each property deal (and split the profits 50/50) then you can spend 100% of your time looking for deals because you dont need to qualify for finance yourself. There are lots of options in setting up the JV agreement between the time partner and the money partner, such as whos name goes on the title (eg yours,…[Read more]

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