Hi, in the United States, it's typical for residential landlords to buy at 70% of market value.The reason is because 70% is enough margin to cash flow after debt service and other expenses.
In some countries I've heard you just can't buy at 70%, Malaysia for example. Can you guys tell me what's a typical target purchase price, as a percent of full market value, for a wholesale property purchaser in New Zealand with an intent to buy and hold?
In some countries I've heard you just can't buy at 70%, Malaysia for example. Can you guys tell me what's a typical target purchase price, as a percent of full market value, for a wholesale property purchaser in New Zealand with an intent to buy and hold?
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