First offer

Written by Mike

Topics: Realestate

I made my first offer on a place in NZ today, but unfortunately just missed out. It is a bit disheartening but I read that you need to make 10 offers to get one.

I have no intention into getting into a bidding war with anyone. The agent who I was dealing with about the shop hasn’t gotten back to me. I guess he has had enough of my questions! I contacted ANZ to get a loan for a house in NZ but they told me I would have to go through Australia and would lend up to 80 per cent.

My own banker hasn’t gotten back to me yet. Still thinking about setting up a trust. If I am going to get into this seriously I think this is the best option. An accounting firm in NZ sent me some helpful information on property investing in New Zealand. I was thinking of buying some books, but I have started to collect a fair bit of information for free already.

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