Greetings from the new guy. Auckland, New Zealand

[Tristan Young]

Hello from New Zealand!

My wife and I, both in our early 30s, are excited to be looking at a future in investing property. We have yet to buy our first home, so will be searching for a both a property to live in and one with potential for helping us to buy more. We will be focusing on property rehab and buy to rent.

Funnily enough, it was a review search on a get-rich property seminar (that had a few scammy elements) that made me stumble across BP. Thanks Legacy Education! If anyone wants to know about our experience with them, give me a bell.

The coming months for us will all be about research, and then more research. We have a lot to learn, but it looks like BP is one of the best places for the knowledge needed. We also want to give back, documenting our successes and lessons learned over time which will hopefully help as waypoints for those starting off, particularly in the New Zealand market. Two things I find interesting here, one is the caveats with using Kiwisaver (similar to 401(k) plan in US) for first home buying, the other is the skyrocketing Auckland property market. While both used to scare me, I'm confident they can be used well if the cards are played right.

Happy to be joining the community, Kia kaha.

Tristan

[Dean Letfus]

@Diogo Alves, genuine positive cashflow in Auckland is gone. Yes occasionally you can find something with a twist that might break even but generally it will be illegal in some way or unsustainable.

However other parts of NZ are definitely do-able. However none of them will appreciate as fast as Auckland or Hamilton IMHO.

I invest in Auckland negatively geared because real wealth is created through appreciation not cashflow. I use the US to enable me to hold in NZ. So yes I would invest in Auckland and I have and I do. It's the best market in the world. It's just very expensive now.

For lower risk, to learn the ropes and make mistakes that won't kill you the US is a perfect market.  Then you use the USA to fund NZ if that's your goal.

Seriously the USA is like kindergarten compared with NZ, making money is so easy.  But it's hard work to make a lot of money because you need so many properties.

But I've been at this game a good long time now and have taken enormous risks and executed a huge variety of aggressive strategies. So i can find opportunity anywhere I believe.  But it ain't all easy. I've been bankrupt, lost nearly 10 mil overnight, lost my businesses and let a lot of friends down thanks to real estate also. But those lessons enabled me to do what I do now, which is whatever I want!   :-).