Forum Replies Created
Hello one and all,
I gather from the posts below that Richmastery is not thought of well here ??
I am from NZ, and they have a huge following, I would be interested in anyones thoughts on what they are doing, and why prehaps you don’t subscribe to their methods, or if you do etc.
Many thanks
LLHi, I’m not sure that I am even doing this right, yes I would like to swap emails and discuss Tokoroa or any NZ related IP stuff. Can someone explain the different types of members as I see some of you listed as silver etc.
Many thanks
LLquote:
Hi RodThe 8.5% came from the 2001 census report so the figures are a couple of years out of date.
A Property Manager would have more idea.I think the number of retirees retiring,selling up and moving into a smallish town is increasing.
They are able to capatilise a lot of cash for their retirement that way.Also it is much cheaper, rent wise, for those on benefits to live in the small towns. Who wants to pay $300 per week in Auckland when you can rent for $100 to $150 per week in a smallish town.
Hi Lucy Lou
Welcome to the Forum
Do you want to swap email addresses and compare notes on Tokoroa.Regards
Hi, I am from NZ, and own a IP in Tokoroa, frankly there are very few IP’s in NZ under 40k and for good reason. What can you really expect for that amount ???
If you buy in a smaller rural town then you have to expect to have a smaller rental market to source your tenants from etc. Yes , you will get good CF but the CG will be small. And as someone else said earlier that banks will only lend 60-70% of the purchase price. So there are a few things that you need to consider. Personally I wouldn’t recommend buying at that price range.
Cheers
LL
