However you could be making a decision based on information and recommendations not relevant to your personal circumstances hence the reason for my newley released second eBook, BluePrint - Investing in New Zealand Real Estate.
While this eBook touches on the information found in my first eBook, Hassle-Free Real Estate, it expands on, and reflects more about the title, Residential Investment Property.
It also comes with examples on how to look for a do-up, what is a do-up, and how turn it from a broken down bomb, into a shinny BMW as one real estate agent called one of my transformations, a property that was, before I invested in it, on the market for nine months without a single offer. When the agent listed the same property, admittedly with a face lift, it sold in the same week for $2000 more than the list price and trust me, there was already a good margin built in.
Learn all the in’s and out’s of investing in residential property and leasing it to Housing New Zealand, so you can sit back and enjoy a guaranteed return on your investment for up to ten years, maybe longer. No, not like some other private companies, this is Government Guarantee as who owns housing New Zealand?
Why pay $5000 or maybe more to go to an Investment Seminar where they usually have an agenda that sees them benefiting leaving you with projections and risk.
What have you got to lose? I could say nothing, but the fact is, if you don’t invest in them, that decision could very well end up by costing you dearly. Over the years I can honestly say I have found very few people, if any, that haven’t benefited in one way or another by my advice, see what my customers say.
As the saying goes, “Teachers open the door but you must enter by yourself”. And what qualifies me as the teacher you may ask? I have been there, tripped, fallen, and even rolled down a few hills “however” as I am allergic to pain and failure I learned from my mistakes - learn from other peoples mistakes life isn’t long enough to make them all yourself – the door is open click here or forever wonder…
Click here to download BluePrint - Investing in New Zealand Real Estate now!
A Great Property Investment Resource.
Margaret Lomas is one of Australia's foremost authors on property investment.
Margaret is a qualified financial adviser and investment property adviser, is an associate with the Financial Services Institute of Australasia and regularly presents seminars around Australia to new and experienced property investors.
You can now view five free video interviews of Margaret, on a range of property investment matters by following this link...
Who is Kirsty Dunphey?
With two businesses and two part time jobs under her belt at the age of 15 to her own real estate agency at 21 Kirsty has been described as “Little bit Aussie Battler, Little bit Sassy Entrepreneur”.
When Kirsty was purchasing her sixth investment property in her early twenties and her bank wouldn’t cooperate – did she stop there? No way, she was creative and found the solution that suited the problem blasting her way to being a self made multi millionaire by 25 and retired at age 27.
Subscribe to Kirsty's Free Weekly email, it will be something to look forward to each week – I do - Brian Dalley Mortgage Broker.
Check out Kirsty's interview.
Retired at 27
If I Can Do It Anyone Can
by Kirsty Dunphy
Retired at 27 - If I can do it anyone can is a true story outlining the business mistakes, successes and lessons that took Kirsty from having absolutely nothing to being retired financially free at 27.
Click on the book or the link below to get this book!
Retired at 27 - If I Can Do It Anyone Can
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New Issue Out Each Month
"Our aim is to provide you with at least one tip or idea per issue which will help you make more money with your investment property."
"The magazine is filled with plenty of top-quality information to help you become a better real estate investor - whether you are a beginner or an expert."
All Business Managers keep abreast of new ideas and changes, learn from what others are doing or have done and it should be no different for you as a property investor.
Being a legitimate business expense I would imagine it would be tax deductible but if in doubt give your Accountant a quick call, either way, New Zealand Property Investor is a must read for new or old hands in the property market.
In saying that any information should not be relied upon without first seeking advice from someone that is familiar with your circumstances.
As always, if something you read in NZ Property Investor pricks your interest, I am more than happy to discuss it in the context of your particular situation – wherever you are in the country.
Just email me or call me on 027 2511 336.
PS. You can now save up to 27% off the cover price of NZ Property Investor through this link.
Home & Income Properties
The reason Home and Income properties are so popular is their unique difference to conventional styled housing. When housing is less affordable they are popular as families can pool their resources, Mum and Dad reside in the unit and their family in the main house, allowing them to access areas they may otherwise be unable to afford.
Home & Income properties are also popular with investors due to two income streams from the one property.
Let me show you how this works by sharing an example of a Home & Income property at work - this excerpt is from my new book - "BluePrint - Investing in New Zealand Real Estate"
This Home and Income was listed for sale at $589,000.
About $570,000 should buy this I thought.
I then asked the Agent, how much would a stand-alone, three-bedroom house, similar to the one we were in cost, say the one just down the street for example.
He replied, it has an offer on it for $400,000 but it went cheap as the owners wanted a quick sale.
This is where it gets interesting, very interesting.
Instead of each buying a standalone property for $400,000 why not invest in the home an income for $570,000.
One couple in each house.
If each put $40,000 deposit down on a $400,000 property $360,000 over 25 years at 7% would cost $2545 per month.
Now if they pooled their resources and put down $80,000 on the $570,000 property $490,000 over 25 year at 7% would cost $3464 per month ÷ by 2 = $1732.
The Savvy Investor
Ok say the reason you co-invested wasn't affordability related but rather a way of accumulating equity at a much faster rate.
The $400,000 property would rent for say $1,820 ($420 per week) mortgage $2,545 — rent $1,820 leaving you to kick in around $725 plus costs.
The $570,000 property is currently rented for $3,033 ($320 and $380 per week) mortgage $3,464 leaving you to kick in $431 ÷ 2 leaving you each around $216 per month to kick in.
Being Savvy Investors you decided to each pay the same as if you went alone $725. By doing so you would be increasing you payments by $1,018 per month.
Instead of a 25 year term, you would be mortgage free in 14 years and 7 months saving $256,430 in interest.
Not only that, you will be building equity in the property which will allow you to invest in more property a lot sooner.
Check the figures for yourself by the Calculators page.
As there is a shortage of Home & Income styled properties in New Zealand we have teamed up with G.J. Gardner Homes to make them more readily available.
The most common single house plans suitable for attaching a minor dwelling to (usually 60m² in size, excluding a single external entry garage) are the Amrita, Marco and the Nord from G.J. Gardner's Express Range.
G.J. Gardner Homes can of course, design and build to your specifications.
I see a rise on home and income properties. It is always a great investment.
Posted by: Estate Agents Christchurch | 29/10/2009 at 01:25 AM
Hi, thank you for taking the time to comment. I agree, generally home and income properties offer a good return and are often in short supply for that very reason. As property finders we are always on the lookout for such properties, Cheers Brian.
Posted by: Brian | 29/10/2009 at 09:03 AM