NZ Property Investor

BUY UGLY DUCKLINGS

I visited a property recently with a would-be investor friend who was looking for a property to buy, renovate and then sell – a “trade” in this case, but the same idea applies to buy-and-hold rentals.

The deal we checked lacked a certain aesthetic charm… Well, any charm really. The paint was a weird beige colour, some of the boards had chipped, the driveway was a gravel mess, the paving

You’re reading a preview, subscribe to read more.

More from NZ Property Investor

NZ Property Investor3 min read
Watershed Moment
Diana Levinzon has been an investor for less than a year, but she's already completed six flips and is working on her seventh. And her motivation for investing in property is simple – creating wealth for her family. “Both my husband and I work full t
NZ Property Investor2 min read
Do The Numbers
For investors buying a new property, it's always a good idea to conduct a “cashflow forecast”, which will give an idea of how the property will perform over the long term. When running these forecasts, ask: “How much do I think the rent will increase
NZ Property Investor7 min read
A Great Ad For Property Investing
Ryan Spearman has come a long way since 2004 when he was sitting in a real estate agent's office signing a sale and purchase agreement without even knowing the price of the Avondale house he was buying. “I just followed what he said I should write do

Related Books & Audiobooks