Hi slodki,

I’d be really interested to see the answers some of the members come up with. I’m 19 and have been pursuing CFP properties activley for a year now. When i first turned 18 i went and saw my local loans agent at the bank who was incrediably helpful and gave me an idea on what i could borrow based on;
*what i had in current savings and other assets
*what i could borrow based on my predicted income that year
*the ways i could speed up my savings (ie award saver accounts)
*how to establish a credit rating without taking on unmanagable debt
This is was really encouraging for me as a teenager and it was great to have some solid numbers to work towards. I’m not sure what relationship you have with your bank or chosen lender but i guess it never hurts to ask.
Anyway i look forward to reading everyone else’s opinion.

cheers,

e x

If you’re still looking for that elusive bargin IP try jumping onto either the Harcourts or L.J. Hooker NZ sites and searching for properties under $100,000 that are currently tennanted and CFP. Here’s one that I found yesterday:
http://www.harcourts.co.nz/listing/details.do?rul=%2Fsearch%2Fprocess.do%3Fpg%3D2%26ts%3D38515784%26sta%3D1001%26br%3DB%26typ%3DHOU%26pmx%3D50000&id=226417

the low down is that this is selling for $30k and returning $90 a week currently.
There really are some great properties out there you just need to keep your eyes open.

anyone else found any great deals in NZ?

cheers, erin