Buying in Christchurch/Westcoast or ???

[carolvw]

Hi, I am wondering where I should buy my next IP? I am limited to $200K. It has been suggested I consider Westport because of the mining growth or Greymouth. Christchurch could also be an option but prices are going up there and there is not much on the market. I would really like to buy again in Nelson but prices are out of my range, or what I could get doesn't appear great. Any advice would be greatly appreciated. Many thanks in advance.

[Puff]

Hi Carol, when you are limited to $200k you are limited.
Important things to take into account are:
Tenant database
Tidy property (or something you can tidy up)
Stable town
That you are buying well, so you can continue to buy

There are a few places around the country that fit this criteria.

I have a few properties to sell that fit your criteria at times, I am just in the middle of selling a very tidy set of 3 flats for $135k that is getting $360 a week rent. That would have worked. Check out my website and register for my newsletters if you want. http://cashflow.vpweb.com/Feature-Properties.html

Cheers

Mark