Hi All,

Must say that I agree with the “vibe”of ths post.

I mean you have to do your DD of course but once you are grounded and have a plan what is the point getting bogged down in the details.

Get out there and do some deals.

Learn through doing.

Cheers

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NZ Investors & Property Spotters
Renovations & Project Management

Hi All,

Just wanted to add that we also have big raps on this region. Have one there and choosing to hold it!

Every time we are up that way it seems that something new is happening.

Cahflow opportunities may be limited at present but there is money to be made for savvy investors in that region.

Cheers

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NZ Investors & Property Spotters
Renovations & Project Management

Hi Nathywally,

So you have a PROP with some equity.

You sound like you are handy? Will your family and friends kick in and help.

Sale of you PROP should be tax free. How about doing a buy renovate sell if you can handle living in a bit of saw dust. Maybe one a year for few years.

cheers

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NZ Investors & Property Spotters
Renovations & Project Management

answer: More information may not help us. It’s the quality of the information that counts.

question: Do you plan to “give back to the community” when you have met your financial goals? How would you do it?

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NZ Investors & Property Spotters
Renovations & Project Management

Hi Sharon,

What suburb?

Cheers

[email protected] – Experienced investors living in NZ who can find properties to meet your needs! Email us to receive details of upcoming deals.
Project management also available – finding solutions for problem properties! We can manage your renovation project for you.

Hi Rob and Jo,

All fired up and ready to go is excellent BUT perhaps not the best frame of mind to be in when you are on the hunt for undervalued investment properties.

Make sure you channel that energy the right way and don’t get yourself into a postions where you will let your gaurd down or buy a property that is not a good fit for you.

There are heaps and heaps of properties out there as you will be finding out from your search so far. The trick is finding the right property for you and not one that is right for someone else. Make sure you are aware what skills you have and what you will need to outsource.

Also when starting out make sure you plan alot of other activities into you life not just investing. Include your family and friends if you can and try and surround yourself with positive people.

If you are lucky you might find a group of family or friends that will cast a critical eye over your investments without being a negative wet blanket.

Most of all have fun and live your life now while you are on this journey of investing rather than waiting for the “I’ve made it” moment.

Cheers

[email protected] – Experienced investors living in NZ who can find properties to meet your needs! Email us to receive details of upcoming deals.
Project management also available – finding solutions for problem properties! We can manage your renovation project for you.

Hi Michael,

I agree with you comments in part. Getting to know you own turf is of course the starting point. Additionally I don’t see any point investing interstate just for that sake of it.

However, sometimes the best opportunities are not in you own back yard and perhaps depending where you live they may be out of your reach or not the type of investment you are looking for.

No doubt if this investor was looking to invest in Sydney (unless you are talking outer west of something) then he could probably afford to invest almost anywhere in the world.

You are right. Invest not speculate. Facts not predictions.

Cheers

[email protected] – Experienced investors living in NZ who can find properties to meet your needs! Email us to receive details of upcoming deals.
Project management also available – finding solutions for problem properties! We can manage your renovation project for you.

Hi snowball,

Don’t be too quick to sell your IP. There are heaps of things for you to consider. The mortgage guys should be able to advise you here but there may be a way for you to have you cake and eat it.

What about the IP you are thinking about selling. How is it performing as a stand alone. What is the potential for the area and what were your goals when you brought it.

I may not be popular by saying this but cashflow is not the only consideration. 2k in the red might not be that bad all other things considered. Having said that I think you are going in the right direction by trying to balance things out.

Good Luck

[email protected] – Experienced investors living in NZ who can find properties to meet your needs! Email us to receive details of upcoming deals.
Project management also available – finding solutions for problem properties! We can manage your renovation project for you.