Non resident buying property
Mar 11th 2013, 4:11 am
#1
Forum Regular
Thread Starter
Joined: Jul 2007
Location: waikanae
Posts: 124
Non resident buying property
Hello all.
I've a friend in America who wants to buy a batch or similar that she can stay in now & then when visiting & rent out when she isn't.
Are there any restrictions on this type of thing? Could you direct me to where the laws etc. concerning this are?
It's not big money we're talking, just a modest property. She's fallen in love with a place & wants to have a base there. Her visits will be around a week a couple of times a year.
I've already told her to just rent (cheaper) etc etc.
No opinions necessary as I've gone through the range of them!
I've a friend in America who wants to buy a batch or similar that she can stay in now & then when visiting & rent out when she isn't.
Are there any restrictions on this type of thing? Could you direct me to where the laws etc. concerning this are?
It's not big money we're talking, just a modest property. She's fallen in love with a place & wants to have a base there. Her visits will be around a week a couple of times a year.
I've already told her to just rent (cheaper) etc etc.
No opinions necessary as I've gone through the range of them!
Mar 11th 2013, 5:05 am
#2
BE Enthusiast
Joined: Mar 2008
Location: Kapiti Coast, Wellington
Posts: 704
Re: Non resident buying property
I remembered reading about this ages ago when scanning rightmove trying to sell our house in the UK
http://www.rightmove.co.uk/overseas-...and-guide.html
http://www.rightmove.co.uk/overseas-...and-guide.html
Mar 11th 2013, 7:17 am
#3
BE Enthusiast
Joined: Jan 2009
Location: Whangaparaoa
Posts: 458
Re: Non resident buying property
Hello all.
I've a friend in America who wants to buy a batch or similar that she can stay in now & then when visiting & rent out when she isn't.
Are there any restrictions on this type of thing? Could you direct me to where the laws etc. concerning this are?
It's not big money we're talking, just a modest property. She's fallen in love with a place & wants to have a base there. Her visits will be around a week a couple of times a year.
I've already told her to just rent (cheaper) etc etc.
No opinions necessary as I've gone through the range of them!
I've a friend in America who wants to buy a batch or similar that she can stay in now & then when visiting & rent out when she isn't.
Are there any restrictions on this type of thing? Could you direct me to where the laws etc. concerning this are?
It's not big money we're talking, just a modest property. She's fallen in love with a place & wants to have a base there. Her visits will be around a week a couple of times a year.
I've already told her to just rent (cheaper) etc etc.
No opinions necessary as I've gone through the range of them!
The Chinese dont seem to have any problem buying over here - which in part explains why it is so chuffing expensive here. The devilry of a strong currency...
