A sad tale
Friday 30th April
Hi
There is a view that property investing is easy and making money is a given. Well a story today shows how it can all go terribly wrong. Last year we profiled in the NZ Property Investor magazine a young man who was doing some amazing things.
The guy, Laurence Pope (22), basically bought a street load of houses in the Waikato town of Paeroa as an investment.
He became pretty popular with the locals as he transformed what was referred to by some as a “ghetto” into a much smarter street.
Continue reading here>>
Happy investing,
The Landlord
Latest News
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Mortgage Rates
The Reserve Bank held the official cash rate (OCR) at a record low 2.5% yesterday, for the eighth consecutive time. It also indicated a rate hike is now in sight in the next couple of months if the economy's recovery stays on track. The way Bollard has worded his speech appears to have given him some wiggle room for his first rate hike.
In mortgage rate news, TSB Bank has slashed 21 basis points from its one-year fixed home loan rate to 5.99%, which is well below all major banks one-year rates.
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Forum threads
Over on ShareTrader our investing community regularly discusses topics relating to property investment. We invite you to view the thread or share your experiences with the community.
» House inspections/building inspections
My sister bought a house 6 months ago, based partly on a builders report which, while stating 'could not find access to sub-floor', had concluding comments of 'an older house in sound condition needing minor repairs' such as some window rot, new carpet etc.
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View more threads on Property Investment here >>
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