All Forum Posts by: Dean Letfus

Thanks @Dean Harris I’ve been contacted by Doug.

@Bjorn Ahlblad yes that’s true but I had such an awful experience with them helping a client I just don’t want to be reminded by getting emails from them when I have asked month after month to stop emailing me!

Hi guys, hoping someone from crestcore might help if I post here as nobody is helping me when I email them. I am getting emails from them years after assisting a clIent who was not being looked after by them and I was cc’d into her commas.  The houses were all sold maybe 2 years ago.  Every month I get an email and I send 50 replies telling them to stop spamming me and remove me from their database. Well I just got another one. So if asking directly does t get anybody to fix this hopefully some public exposure might prompt someone to assist?

You need to do some homework on our rules around additional dwellings and subdivision. They vary greatly in different areas. And to reiterate other posters, if your wife is no longer a kiwi citizen you can't buy real estate here without some involved structuring.

I live in NZ, invest here and in USA. Message me if I can help in any way. NZ is a great market but we are getting very expensive. 

Yep I'd say Oz is even worse than NZ now for yields! 

Yes NZ is lovely, safe and temperate!  NZ is a really safe bet for overseas real estate HOWEVER yields are very low.  The real money in NZ is growth over time.  Given that the US has cashflow and growth markets I am often intrigued as to why Americans want to take on the additional risk of cross border investing. What's the attraction??

I am a kiwi who lives in Fiji and what you suggest is easy enough to do in Fiji. Islands, or parts of islands as Tony has, regularly come up for sale.  Often resorts that are run down or closed are for sale. It simply all comes down to $$ really.  From a political stability, tax and corruption position I wouldn't touch Fiji.  I would look at NZ or touristy parts of Australia for what it's worth!

Labours new tenancy laws announced yesterday are just disgusting. I can only hope National reverse them. It is becoming more and more difficult to be a landlord now the socialists are telling you how to run your own business and spend your own money!

Often circumstances force us to do things that are not ideal. I have seen many families blow apart over JV deals that go wrong. So best practise is never involve relatives when you are trading. Risk your own or the banks money, not family.

In terms of getting started, the more equity you can buy or create in your first home to live in, the faster the banks will let you access that equity for your next deposit. Just be aware that the banks have become very retarded in the last 3 or so years so actually borrowing money can be really difficult these days.

TAlk to a good broker and make sure when you buy your first home with your mum that it has equity in it.

No problem, just checking. There's a few of us on here who do both.  Couldn't pick a better time to get going in NZ, (other than 10 years ago of course!)