Total Members: 148,948

westan

  • Hi Ness1417i do not own anything in Thailand but i know someone who can help you. His name is Rob Tracey he travels to thailand often and owns property there.  I was in Thailand speaking at a conference in june and there are some great opportunities there. All the best with the research.to contact Rob email him at [email protected]regards westan

  • Hi Anthony.firstly NZ has no capital gains tax for NZ residence- i asume you are not planning on becoming NZ residents.  if you are then my following comments would be different.I agree with your accountant- the fact that the property is in NZ makes no real difference to your taxable income as the tax payable is on your world wide earnings and…[Read more]

  • Hi Forum Members its been a long time since i was on the forum- this post has come to my attention and i while i'm disappointed that these sorts of stories do the rounds i am thankful that it also allows me to voice my side of the story.  Please read my response. I wrote this many months ago-Public response to Real Estate Agent – Mr Neil Jenman   [Read more]

  • westan replied to the topic how big to start? in the forum No Subject 12 years, 10 months ago

    Hi heath

    i ‘m a believer in start small, and i disagree all the good deals are big deals.

    Look for something that you can buy below market, If you can improve it and add a lot more value then that will be great for you.
    By starting out small you will learn about the process etc. The idea is to make money and educate yourself, I’d encourage you…[Read more]

  • Hi Dimo

    the others have answered the question for you.

    One other thing to consider

    when you are transfering money if its a larger amount say 10,000 or more consider using Ozforex, they are excellent , no charge and they make less on the currency than the banks. I’ve been using them for over 2 years , they have literally saved me…[Read more]

  • HI Rowan

    I want to support what worldchanger says, ozforex are excellent i’ve been using them for a couple of years and their rates and service are tops. They don’t even charge a fee if the amount is over $10,000 they make their commision off the currancy change which is always better than bank rates.
    When bringing money from the USA you will…[Read more]

  • Hi Richard

    Even if the owner was prepared to Rent the properties and you were able to find people who wanted only 6 months accomodation.

    i see the pitfalls for you. You do a heap of work to find tenants who will be preparted to live in a place for only 6 months and then they leave so you make a very small commission that lasts only 6 months for…[Read more]

  • westan replied to the topic nz news story in the forum Overseas Deals 12 years, 12 months ago

    Hi Don

    You are living in NZ,

    so do you think prices in NZ will continue to increase from the where they are at today ?

    regards westan

    http://www.iproperty.net.au
    The leaders in USA Investing.
    join out free database [email protected]

  • Hi Viral

    As Luke said if you are having problems still let me know. Property management in the US is one of the biggest issues.

    If you are still having problems please email me and i will put you in touch with some people who will help.

    regards westan

    http://www.iproperty.net.au
    The leaders in USA Investing.
    join out free database [email protected]

  • westan replied to the topic moving to NZ in the forum Overseas Deals 12 years, 12 months ago

    Hi Crashy

    Welcome back to the Forum.

    WOW i haven’t see you here since 2003 !!!

    Since then i went and lived in NZ in 2004-05 returning last December.

    If you want to talk about where to live, feel free to call me on 0409 505 188

    Hope your Share ventures were as successful as you planned.

    regards westan

    http://www.iproperty.net.au
    The leaders in USA…[Read more]

  • westan replied to the topic A bit confused on CF in the forum Help Needed! 13 years ago

    Hi DraconisV

    in theory you are correct but where can you buy properties with cashflow with only 5% down ?

    I’ve bought a lot of properties over the years showing 20% gross returns etc. (None like that in Aust since 2003),.

    regards westan

    http://www.iproperty.net.au

  • westan replied to the topic Activity Poll in the forum Forum Frolic 13 years ago

    Hi Guys

    i just bought one 4 streets away. ita mortgage sale CIV $411 K, but not really worth that currently. its never been lived in and needs floor coverings curtains landscaping etc we bought in Friday for $335K need to spend $50K and it will be worth $435K. its a better home than the one i’m in so, i plan to live in it and sell my own place…[Read more]

  • westan replied to the topic A bit confused on CF in the forum Help Needed! 13 years ago

    Hi Guys

    i usually do the figures on 20% deposit. Lena i hate paying LMI so i usually put up the 20%. Sure if you can do 10% you end up with more properties but for most people that probalby means more negative geared properties.

    regards westan

    http://www.iproperty.net.au

  • westan replied to the topic New Zealand in the forum Overseas Deals 13 years ago

    Hi Andrew

    i lived in NZ for 2 years 2004-05 and buoght for myself 20-25 properties. And for clients about 100 +.

    I think Don has summed it up pretty well. If you want to buy in NZ, i’d encourage you to use the resources of Don.

    Don and I have heated debates on this forum because i’m negative on NZ and have sold all but one property i own…[Read more]

  • Hi Martin and Worldchanger

    how diod you guys go ?

    i had one property which is fine but another property the power was cut and it cost $275 to get fixed. But there was a ton of trees down also and that cost about $500 to remove. Lisa (property manager)send photos through today).

    I was talking with Dan about a week ago (worldchanger and Martin…[Read more]

  • Hi Phil

    I’ve been actively buying in those markets for nearly two years now. i think you have selected two good markets.
    Nashville – I’ve only been active in Nashville recently the first time i went to nashville was in April and i think the market there is attractive. Some good things happening in the local economy etc. I’ve only bought one…[Read more]

  • Hi Guys

    just for the record its not just buffalo its the whole of the NE of the USA thats been hit by snow. New York city has 60 cm of Snow in Central Park. Well thats what the weather Channel says.

    regards westan

    USA deals, cash flow equity and capital growth all in one property.
    International Property Consulting Pty/Ltd.
    Property Investing…[Read more]

  • Hi world changer

    i saw a story on the news about the BIG FREEZE , very early this year. Normally snow doesn’t fall till mid Nov. The news stated that trees haven’t even lost their leaves and when the snow came the weight became to unbearable for many branches. I have also received an email from my property manager advising me of the event and…[Read more]

  • westan replied to the topic NZ Data in the forum Overseas Deals 13 years, 4 months ago

    Hi Ned

    wow, someone else shares my concern, thanks for your opinion. I often feel like i’m the only one raising some concerns, so i appreciate your comments.

    regards westan

    USA deals, cash flow equity and capital growth all in one property.
    International Property Consulting Pty/Ltd.
    Property Investing New Zealand Ltd
    http://www.iproperty.net.au

  • westan replied to the topic news from USA in the forum Overseas Deals 13 years, 4 months ago

    Hi Tony

    couldn’t agree with you more.

    As an investor with real estate in 4 countries the key is management. And some times it comes down to our management of the property managers.

    Finding the right manager from the beginning will save many headaches and save you thousands.

    Solomon all the best with the USA trip.

    regards westan

    USA deals,…[Read more]

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westan

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