Hello from New Zealand

**bartek** · 05-03-2009, 05:19 PM

I am 50 y.o. and I help my wife with micro-investments in real estate. Can't invest myself; I have spent all my money on my business and my cars

. Real estate an interesting game in New Zealand.

**jackjeffries** · 05-03-2009, 06:50 PM

Hi bartek, welcome to the forum! I think real estate is an interesting game no matter where you are. What is the market like in New Zealand right now?

**bartek** · 05-03-2009, 07:54 PM

Thanks for the welcome. I suppose NZ market is similar to the US: plenty of opportunities if you have the cash. Just bought 2 rental properties that instantly bring me 6.7% rental return.

**REITrainingWhse** · 05-04-2009, 06:26 AM

Originally Posted by bartek

...plenty of opportunities if you have the cash.

Sometimes even when you don't... (have the $$)

Welcome!!

See you around!

**Vegasloanlady** · 05-04-2009, 11:55 AM

hello and welcome to the forum. Good luck with your investments

**Jenie0109** · 05-04-2009, 10:57 PM

Hello there, bartek. I assume that you are living an abundant life.
I envy you.

How are thing going in New Zealand?
Have a nice day!

**jackjeffries** · 05-05-2009, 08:47 AM

Originally Posted by bartek

Thanks for the welcome. I suppose NZ market is similar to the US: plenty of opportunities if you have the cash. Just bought 2 rental properties that instantly bring me 6.7% rental return.

I guess there are opportunities everywhere right now ... and it seems the secret to success is the ability to secure financing.

Good luck in your ventures!

**LVrealestateHELP** · 05-06-2009, 10:36 AM

Welcome to the board! Do you know what the average cost of a home is in NZ? Just curious as too how expensive or inexpensive it is to live there.

Welcome to the board. Try to contribute when you can and read as much as you can. There is a lot to learn here. Welcome again!

**bartek** · 05-07-2009, 03:00 PM

Originally Posted by LVrealestateHELP

Welcome to the board! Do you know what the average cost of a home is in NZ? Just curious as too how expensive or inexpensive it is to live there.

Just bought a very sound and tidy 3-bedroom house with 2 lounges, beautiful views over the harbour on 1/4 acre for NZ$155,000 (US$92,000) in Bluff (the southernmost town). That house will rent at NZ$200-210 per week. trademe.co.nz is the place where all kiwis buy real estate (also cars and many other items); there is a huge choice there.

**LVrealestateHELP** · 05-08-2009, 03:17 PM

Originally Posted by bartek

Just bought a very sound and tidy 3-bedroom house with 2 lounges, beautiful views over the harbour on 1/4 acre for NZ$155,000 (US$92,000) in Bluff (the southernmost town). That house will rent at NZ$200-210 per week. trademe.co.nz is the place where all kiwis buy real estate (also cars and many other items); there is a huge choice there.

Thank you for the info. That was very informative. Do you get positive cash flow from that property if you financed the whole thing?