Hello,
my first time posting here but like most the first timers here I can also say how useful the site has been as a tool so far and I bet will continue to be as i (hopefully) progress in building a portfolio.
The first thing I want to ask or possibly bring up for discussion is my thoughts on what my goals and investment strategy might be.
I currently live abroad but have a firm base in wellington already holding a cash flow positive property there.
As it stands at the moment I feel auckland is out of my reach and rather daunting although I will continue to look at it but with my career being quite unstable I don't feel like I could service a loan there to the extent that is needed at the moment if I wasn't working for say six months plus. My job does have the benefit of letting me save about 100k per annum while I work though so I will hopefully be able to keep buying wellington cash flow positive houses in the short run with these funds and then at the very least leave them to themselves.
My strategy I am considering employing is to continue to buy cash flow positive property in Wellington that will hopefully keep adding equity to my portfolio and wait for the next dip in the Nz market (Wether it be in 6 months, 2 years or 10+ years).
My hope is that wellington being a civil service/govt city that (correct me if I'm way wrong) isn't affected by boom or bust as much will leave me with a large amount of equity with which I can take away and then become aggressive in the market in other regions of Nz (hawkes bay, queenstown lakes, anywhere!) that are affected a lot more by the dip. Hopefully, with this aggression, I will be able to pick up better priced property that will have more opportunity for CG and at the same time diversify my portfolio, and possibly even still be cashflow positive at purchase price during the dip.
Am I dreaming?
Thanks for any feedback, and I look forward to being part of this community!
my first time posting here but like most the first timers here I can also say how useful the site has been as a tool so far and I bet will continue to be as i (hopefully) progress in building a portfolio.
The first thing I want to ask or possibly bring up for discussion is my thoughts on what my goals and investment strategy might be.
I currently live abroad but have a firm base in wellington already holding a cash flow positive property there.
As it stands at the moment I feel auckland is out of my reach and rather daunting although I will continue to look at it but with my career being quite unstable I don't feel like I could service a loan there to the extent that is needed at the moment if I wasn't working for say six months plus. My job does have the benefit of letting me save about 100k per annum while I work though so I will hopefully be able to keep buying wellington cash flow positive houses in the short run with these funds and then at the very least leave them to themselves.
My strategy I am considering employing is to continue to buy cash flow positive property in Wellington that will hopefully keep adding equity to my portfolio and wait for the next dip in the Nz market (Wether it be in 6 months, 2 years or 10+ years).
My hope is that wellington being a civil service/govt city that (correct me if I'm way wrong) isn't affected by boom or bust as much will leave me with a large amount of equity with which I can take away and then become aggressive in the market in other regions of Nz (hawkes bay, queenstown lakes, anywhere!) that are affected a lot more by the dip. Hopefully, with this aggression, I will be able to pick up better priced property that will have more opportunity for CG and at the same time diversify my portfolio, and possibly even still be cashflow positive at purchase price during the dip.
Am I dreaming?
Thanks for any feedback, and I look forward to being part of this community!
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