exnzpat buys a rental!

[One]

Hi quest2

You'll probably get a much better answer if you post that kind of question as a new thread. Drop back a level to the top level of the "Property Investment (NZ)" forum, and click on the New Thread button towards the top of that screen.

Moderator-type people: would it be possible to get a "New Thread" button added on every page inside a forum? It's a while since I started a new thread and I had a bit of fun finding the button.

[Monid]

Hi quest2

You'll probably get a much better answer if you post that kind of question as a new thread. Drop back a level to the top level of the "Property Investment (NZ)" forum, and click on the New Thread button towards the top of that screen.

Moderator-type people: would it be possible to get a "New Thread" button added on every page inside a forum? It's a while since I started a new thread and I had a bit of fun finding the button.

Hi One
Good suggestion, I've raised it with the technical people.

David Hunter
PT Mod

[quest2]

lost

i went up i dont see a new thread button. im new to blogging.

[Tan]

go here

http://www.propertytalk.com/forum/fo...t=postusername

The New Threads button is just like the Post Reply one here, above the top left of the main part of the screen, just below where it says "follow PT on twitter".

Good luck, just keep looking once you are on the right screen.

[Michael_Anger]

how do you actualy manage to find a deal so good 50% of purchase price over lower at times baffles me. i thought the real estate agents have covered all the goodies.im serious because that is the actualy $ making point of the whole deal.

Hi Quest (and other curious readers),

I'm actually investing quite heavily in the US myself, and the main thing is that you have to adjust your mindset completely. I started property investing in NZ, then moved to Canada (where I'm originally from), and now I'm investing in the US -- though not living there -- so I've experienced the differences in all three markets.

In very, very brief summary of a much longer post I had just prepared and "timed out" -- yes, it can be done... but unlike *some* may say (...or sell...), it definitely comes down to:
a) local knowledge
b) due diligence
c) having the right connections on the ground
d) having reliable management ability to be able to handle the property

The "sign on the street" foreclosures are not the ones you want. They're overpriced. You can be sure that every property investor within 100 miles of it has looked at it on the day it was listed and turned up their nose for one reason or another.

Might post more on this later if there's any interest. Want to know more -- PM me and we'll talk about starting a new thread to FAQ's.

Michael

[quest2]

Tell...me...more...tell.....me....more

I would like to know more. This is probably the most important part and most interesting. Dont have much time but yes Id love to further discuss this with you.

Regards

Quest2

Hi Quest (and other curious readers),

I'm actually investing quite heavily in the US myself, and the main thing is that you have to adjust your mindset completely. I started property investing in NZ, then moved to Canada (where I'm originally from), and now I'm investing in the US -- though not living there -- so I've experienced the differences in all three markets.

In very, very brief summary of a much longer post I had just prepared and "timed out" -- yes, it can be done... but unlike *some* may say (...or sell...), it definitely comes down to:
a) local knowledge
b) due diligence
c) having the right connections on the ground
d) having reliable management ability to be able to handle the property

The "sign on the street" foreclosures are not the ones you want. They're overpriced. You can be sure that every property investor within 100 miles of it has looked at it on the day it was listed and turned up their nose for one reason or another.

Might post more on this later if there's any interest. Want to know more -- PM me and we'll talk about starting a new thread to FAQ's.

Michael

[CanucKiwi]

To avoid hijacking Exnzpat's thread, I've started a new thread to talk about investing in the US...

see "Investing in the US". I'm a "new poster" and as such can't post URLs, so replace the "t=21942" part of your address bar with this to jump there easily:

t=22940
http://www.propertytalk.com/forum/sh...480#post191480

[devidfox]

The description you mention above is very attracting. Like the post how you managed a home. Specially the sentence you said "Even though the market is down you can still make money from real estate" is so inspiring.

[devidfox]

I was just reading through the comments and I was interested to know a little bit more about the great buy you made Expat! Sounds like you really got yourself a good deal. How is it getting on? Have you done much work on the property? Have you got tenants in there as yet? I couldn't find a follow-up from your previous post, and was curious to see how things were. Are there still properties going for those kind of prices, or were you lucky to find that one? Would be very interested in learning more.

[Bluekiwi]

I was just reading through the comments and I was interested to know a little bit more about the great buy you made Expat! Sounds like you really got yourself a good deal. How is it getting on? Have you done much work on the property? Have you got tenants in there as yet? I couldn't find a follow-up from your previous post, and was curious to see how things were. Are there still properties going for those kind of prices, or were you lucky to find that one? Would be very interested in learning more.

He's gone buddy, just like his dog.

[drelly]

He's gone buddy, just like his dog.

I think his dog ate him. Either that or the mods showed mercy and banned him

[muppet]

Even his blog has shut up shop.
Nothing since the end of June I think.

[Mojo]

fixed smiley

even his blog has shut up shop.
Nothing since the end of june i think.

nothing??

[Mojo]

smiley fix

This thread is haunted, I swear!! I typed 'nothing' in my post above in CAPS and look at what came out? And my 'shocked' smiley not only didn't 'work', but now looks more like someone sticking his tongue out....

Mwahahahaha

[Shalodge]

oh he is here ... if you know where to look..