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Hi Paul
Was at the seminar also on saturday – and wanted to say well done on your results – fantastic!!
Love the idea of the clause……..will definitely use that one.All the best!
Hi Sinead, I attended at the weekend, and really took a lot away from it. I was in the middle of a deal at the time, and after the seminar, learnt a lot more about dilligence. Fortunately, the builders report enabled me to back out of the deal due to needing more $$ spent on it than I wanted to. Like you I’m having a bit of trouble getting through the homework (not helped by the fact I spent monday night in Middlemore with my son who broke his arm !!), but feeling inspired to get out there and do it.
Good Luck
Regards
Wayne
Invercargill is an interesting place when it comes to investing. Although I now reside south of Auckland (Pukekohe in fact) I’ve previously had the pleasure (and I mean that literally!) of travelling to Invercargill twice a week with one of my prior jobs. Like all towns it has it’s problems, but from my perspective, it’s a great little city with a bright future – much to the hard work of Tim Shadbolt. You need to consider a couple of key factors driving the city’s growth – cheaper rural land prices which a few years ago saw a HUGE number of dairy farmers head south to reduce debt, and increase farm sizes (ie – better returns), and also SIT with the free education. Both of these have lead to a sustained population growth – meaing there should be a reasonable base of tenants. Its fair to say that I agree with a couple of others that we should not compare Invercargill with Tokoroa – two VERY different places, and two VERY different populations. Like all things in life, it’s really over to you to make your own mind up – right now I’m in the middle of closing a 10.4% (aka cash positive deal – so they are still there, and just this morning, I spotted another. My advice – spend a couple of hundred, jump on a plane, and go and see the place for yourself. Good Luck.
