Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

'Cheap as chips' property on market for $25k

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 'Cheap as chips' property on market for $25k

    No, that is not a misprint!!


    Dec 18, 2012

    This Greymouth house is on the market for $25,000.

    A "cheap as chips" old villa for sale in Greymouth, at only $25,000 is attracting interest, but as yet no one is prepared to have a crack at the major renovation project.
    Source

    If one wants to live in Greymouth, this is a great deal!!
    Patience is a virtue.

  • #2
    Maori Leasehold Land. I wouldn't take it for $1

    Shane

    Comment


    • #3
      Would a freehold 4-bed leaky home in Albany be better value at $100,000 - seem to be plenty of those around at the moment.
      DFTBA

      Comment


      • #4
        Originally posted by cube View Post
        Would a freehold 4-bed leaky home in Albany be better value at $100,000 - seem to be plenty of those around at the moment.
        Cube, that sounds like better investment.

        Funnily enough I talked to a couple of investors recently that specialize in buying these leaky homes from home owners. A lot of these leaky home owners are very emotional and at their wits end and just want out of the situation. This is a recipe for these investor to swoop in and pick up stupid low priced deals. They then re-clad the houses get council sign off and sell the houses for average $100,000 profit.

        A new investor specialization that is proving VERY profitable for experienced, level headed investors.

        Shane

        Comment


        • #5
          Originally posted by Shane D View Post
          This is a recipe for these investor to swoop in and pick up stupid low priced deals.
          Vultures swoop don't they?
          A new investor specialization that is proving VERY profitable for experienced, level headed investors. Shane
          And rightly so. They take the risks, put their experience and cash behind the venture.

          I await the protestations from owners who realize several months down the track what they actually did.
          www.3888444.co.nz
          Facebook Page

          Comment


          • #6
            Keys...agree with you 100%. The biggest profits in property investing come from solving problems that other people couldn't see a solution to.

            Shane

            Comment

            Working...
            X