Onwards and Upwards

NEW DEAL! $225,000 BELOW GV = 8.48% Yeild

2009-01-30T22:21:00.000-08:00

3 Days ago the House Smart Solution team..... secured a great deal.

Mulitiple income streams all on one single site...
1x 4 bdm/2x bathroom house
1x 1 bdm unit
and 3x 1 bdm studios

ALL ON ONE SITE CLose to the Waikato Hospital

and is returning a solid 8.48% Yeild (rental history is available on request)
Get the details HERE

If you would like this or would like to get on our data base so that we can find you

Shane Weastell & Chris Barnett

NZ Property Finders Ltd - 0800 700 111

Deal Fell Over

2009-01-25T16:10:00.000-08:00

Hey all,
Just letting you know the deal we had fell over at the last minute. sellers can do that sometimes..... We have a lot of offers out there at the moment .... so just a matter of time before we get some more action to report....

Have a good one.
Cheers
Shane Weastell

Market is quiet out there!

2009-01-20T11:27:00.001-08:00

Hi all,
It has been fairly quiet since my last post, We have been busy tring to source good houses in good areas... lots of rubbish out there.... and some of the owners are still wanting too much for them .... no point buying a house that has $40K to spend on a reno that when you sell you can only make $30K.... (losing $10K in the transaction).

Here is the latest market report from REINZ
2008 ... what a year.
Over all in NZ the market has fallen 3.5% for the 12 months between Jan 2008 and Dec 2008

Areas hit hard are:
Invercargill - 34.5% for the year.
Waitara - 29.7%
Feilding 23.3%
Dannyvirke -16.1%
Rotorua - 19.2%
Gisbourne -13.7%

East Otago up +43.6%
Waipukurau up +27%
Hawera up + 23.6%
South Otago Up + 20%
Papakura up +17.3%

Stable areas are Napier and Hastings at this time.....

I am looking forward to see the stats for January sales 2009 and compare a full 12 month to month annual cross check..... hope you are all finding bargains out there..... PS the banks are making it harder to borrow ... looking for omprecable credit history and high deposits....

This make it a perfect tide for the REnt to own Wave to rise.....

BREAKING NEWS:
We have just secured a lovely house in Chartwell Hamilton ...... we will keep you updated as to how we go with our marketing and we will soon put yet another lucky NZ family into a Rent to own home.....
BUYERS... Any one interested in our Rent to own Homes...... or if you are looking for something that we currently do not have in stock..... fill out an application and get on our preferred buyers list....
SELLERS... If you are sick of topping up your mortgage and not getting good tenants.... we have our special "Negative Gearing Rescue Packages".... check out our website for more information or call us on 0800 700 111 NOW!!!..... no need to go on losing thousands of dollars a year with the market crashing aroung your ears.... it will take years to recover!!!

Good luck out there...

Shane Weastell
www.rent2ownnz.com

Busy Busy Month

2008-07-25T13:55:00.000-07:00

Hey All,
Been flat out and have not been able to update anything on here...

We have been busy working with tenant buyer "Future Home Owners" and have placed 2 into houses this month.

One in Auckland and one In Hamilton!

They are very excited and one had even put all of his firewood in the sheds nearly 2 weeks before they moved in.

If you are interested in joining the future home owner perferred buyers list .... then go to our site and we will email you applications and information sheets..... These houses usually go pretty fast as I get a lot of word of mouth referral from our exisitng rent to own home owners.

If you are an investor.... this is a great way to get into an investment property for upto 70% less down payment and 30% less weekly payment.... plus you can get upto 300% more bank for your buck (going toward purchase price)... We have many different options avaliable from handy man specials to multi unit brand new types of properties.

What have you got to lose!
Take care out there.

Real Estate Agents Strike Again!

2008-06-10T01:43:00.000-07:00

Hi All,

We were out in Morrinsville today on business and called in to see all the REal estate agents to see what was going on.
The las t time we called into this neck of the woods we were sharply awakened to how poorly some of our so called specialised real estate "professionals are"..... we were ringin off a sign that was for sale and the sleepy agent onthe other end of the phone did not know anything at all about the property we were enquiring about...... so we even gave him some slack and put it down to a bad day..... and left our number to get one of the listing agents to call us back to sell the house to us....

Alas ... We never did receive a call about that house ....

Today we called into 2 offices and asked to speak to 2 agents we had spoken on previous occasions..... well both of them were out! .... and the funniest thing was ..... not one of the receptionists asked our number to get them to call us.......

and they are asking 4% for what????? We were laughing all the way up the street!

Is it any wonder why the sales numbers have dropped by approximately 48% over the last 4 months.

This was one of new Zealands top 4 Real Estate agency Franchises !!!!!! - We Were Shocked!

So we went to buy 5 or 6 houses .... and went elsewhere as no one wanted to sell anything to us!!
Come on guys ..... give us some service...... we literally walked in with our cheque book .... and were shown the door!
rent2ownnz.com

PROPERTY NOW HAS PROUD OWNERS

2008-05-19T01:46:00.000-07:00

Hi all,

Well all the effort paid off as we now have a proud new family renting to Own the house in Tokoroa... they move in on the 31st May 2008.

We are now getting lots and lots of calls from potential tenant buyers and sellers alike ... the market has and is continually changing and evolving and we are steadfast in our belief that if people want to own a home .... and we can find a way ... we will endeavour to make it happen!

So..... get on our preferred buyers list (go to our site and download, fill, and fax an application to see if you qualify fast.

We have other properties in Tokoroa... so if you are interested .... give us a call and we will see how we can get you into a home of your own.
Hope you all have a great week!
Cheers,
Shane & Julie
www.rent2ownnz.com

Henny Penny Says....

2008-04-23T08:37:00.000-07:00

The Sky is Falling.......??!!
The market is now changing and the real estate agents are struggling to clear stock and the listings are growing and growing as houses just sit on the market..... Sound familiar?

Well this just means that we all must look at adding features that normal house owners would not know how to put together.... things such as providing finance and offering low or no interest introduction terms or offering a rent2own offer that helps home owners get into the market.....

Or add an addon such as furnature or whiteware packages.... this is a great way to sell in a tougher market and give away something to the buyer that no one else can offer.....

Tokoroa house is now on the market and finished..... it is a beauty! with lots of interest from all facets of the purchasers out there.

Have fun out there...
www.rent2ownnz.com

Hard out Weekend!

2008-02-24T10:22:00.000-08:00

Hey all .... been away working on the Tokoroa house and worked 13 hours a day for 2 sokid days with me gret mate Nap....

Painting is complete in the bathroom, so the tilers can complete thier mission on Monday morning and all that will be left in there is the mirror, towel rail, shower rose, seal shower (silicon), fit vanity unit and preggy basin, fit fan light and toilet paper holder. All up about 2 hours work left in there.

Completed skim coating (plastering) and sanding walls in lounge and hallways. Painted ceilings and cornicing in lounge and hallways. Primed all skirting boards and 50% finish painting doorways and skirting boards at bathroom and 3 bedrooms.

Next week target is to complete preping and painting of all bedrooms, lounge and hallways ready for carpeting.... gotta go and sort out a dicrepency with the kitchen benchtop manufacturer.
See you all next week!..... hope you have a great one!

Light at the end of the tunnel

2008-02-20T03:24:00.000-08:00

Feb-2008

Now into February.... we have the house 90% painted outside and the inside is still a long way off.
Week One
removed all doors and hinges, prepared for painting.... well most of them

Had major problems with one of our paint guns ..... so kicked it to the kerb and will hint down another one soon...
-----------------------------------------------------------------------------------------------
Week Two - Feb 2008
Nailed down tile and slate underlay in dining, kitchen, laundry and toilet. completely stripped bathroom including wall linings and replaced all gib. fit cavity door into bathroom and witted plumbing and shower and nailed down tile and slate underlay. Laid tiles on outdoor deck, dining, kitchen, laundry, toilet and bathroom ... bathroom still needs completing as tilers off to another job.
------------------------------------------------------------------------------------------------
Week Three - Feb 2008 ...... coming next

Where to start?

2008-02-20T03:14:00.000-08:00

We secured access with 30 days to settle and had challenges with the tenants .... so we negotiated an amicable vacancy plan for the tenant and then got stuck into the house...... it was a real mess.... we hauled over 10 Tons of junk and debris out of there and that was before we got started on the renovation!
JAN-2008
we started with waterblasting the house from top to bottom and then painted the roof. We then stripped out the bathroom, kitchen, lounge, fireplace and any damaged walls in the house.

We then began repairing/replacing all damage window frames and sills and prepared them for sanding and painting, replaced the clothesline, painted the side fence, nailed and sealed the roof, replaced the glass pains in the doors and laundry, fitted frenchdoors to the rear deck.

What a mission it all was.... alll the walls had holes in them and we began the painstaking process of repairing and or replacing them when necessary.
Feb - 2008 coming next

A Brief update

2008-02-19T01:21:00.000-08:00

Since I have never done a blog before this will be very interesting for me and I guess those who may stumble across it.

I am a property invester and specialise in Rent 2 Own (Lease options) stratagies to provide everyday people access to the very fruitful and fullfilling world of home ownership..... however this year I have decided to place a differnt spin on things and am teaming up with another team of investors to attempt to maximise property profits in 3 ways on one single propery.

1. Buy below value
2. Add Value
3. Profit or cashflow (sell or rent2own to tenant buyer)

We did number on in late December with a house in Tokoroa that we baught for $30,000 below registered valuation ($130K ... we paid $100K).

This house needed a cosmetic renovation to bring it up to a modern version of its design.
I will post an account of our progress to date in the next few post to get upto date and then will give a day by day journal entry on what is happening and our plans and goals with this house.
Take care out there!
Cheers
Shane
www.rent2ownnz.com