Gareth
Firstly, welcome. And congratulations for starting a post that has had such a comprehensive response.
I am no longer a residential property investor. In fact I only was one once, and it was many years ago. I switched to commercial, but that is of no consequence to this thread.
Many newcomers to property investment, and I was no different, think there is some magic formula to success. A lot of people suscribe to every seminar and guru's preachings, in their effort to find the easy road to success.
The truth is that you have to pound your own turf in order to determine the road you will take. If property is the area you want to specialise in you have to put in the groundwork yourself. It's not terribly difficult, but in order to be a success you will have to immerse yourself in it.
Perhaps you can remain detached and utilise the services of some other entity, but I doubt you will get the full benefit.
That said, the field of property investing is heaps of fun, and there are lots of people on this web-site, and others, that are willing to help, but you will have to do a lot of the hard yards yourself.
My suggestion to every newcomer is to read as much as possible, particularly from NZ authors, determine an area, and research it to death. When you feel ready to make your first purchase you will surprise yourself on how well you have done.
Best wishes,
Julian
Firstly, welcome. And congratulations for starting a post that has had such a comprehensive response.
I am no longer a residential property investor. In fact I only was one once, and it was many years ago. I switched to commercial, but that is of no consequence to this thread.
Many newcomers to property investment, and I was no different, think there is some magic formula to success. A lot of people suscribe to every seminar and guru's preachings, in their effort to find the easy road to success.
The truth is that you have to pound your own turf in order to determine the road you will take. If property is the area you want to specialise in you have to put in the groundwork yourself. It's not terribly difficult, but in order to be a success you will have to immerse yourself in it.
Perhaps you can remain detached and utilise the services of some other entity, but I doubt you will get the full benefit.
That said, the field of property investing is heaps of fun, and there are lots of people on this web-site, and others, that are willing to help, but you will have to do a lot of the hard yards yourself.
My suggestion to every newcomer is to read as much as possible, particularly from NZ authors, determine an area, and research it to death. When you feel ready to make your first purchase you will surprise yourself on how well you have done.
Best wishes,
Julian
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