Forum Replies Created
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
thanks muppet and westan,
just goes to show that a local knowlege can be the difference between a great IP or a landlords nightmare!
with regard to CG in NZ properties is the reported growth in property values set to continue? I’ve had conflicting reports re what the market is likely to do over the next 6 months. Any feedback much appreciated,
e xIf 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=226417the 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
To be remembered…
I’m not sure what for, preferrably in a positive light
erin
