Ah lucky you.  Milk it for all it's worth!   You've got a great head start then.

Yes please, we're always keen to learn of new investment opportunties.  CAn I ask you if you know anything of lease options?

The market is flattening out now.  House prices were really high recently but they've started to slow down.  The NZ dollar was a lot stonger over the past few months.  You're right though, it's been doing crazy things lately.  Up one minute, way down the next but recently it's looking ok – more middle of the road rather than extremely high or low. 

Why is he selling below valuation?  He's a property trader.  He managed to get a really good deal on the properties and has deliberately priced them this way to make it attractive enough for an investor to take advantage.  We've seen the properties ourselves and they are really nice.  Two have recently been done up.  The valuation is extensive, 30 pages for each from memory – and it's current, about 2 weeks old now I think.  I guess it would be good if someone wanted to live in one and rent out the other two and all the while taking advantage of the equity to invest in other properties.  The units are in Papakura, Auckland in a quiet cul de sac.

Happy to answer any more questions or chat about general property stuff. 

Are you an investor?  What's your history?  Have you just started, or been in it for a while?  Would love to know more

Colleen