Hi there i am 21 currently a apprentice chippy, formerly a IT Network Admin.
I am wanting gain knowledge look and listen to hopefully gain a footing in the property world
I have just finished building my first house a 3bed 2bath single level house on a 503m section in a northen wellington suburb.
Total cost was 160,000 section 145,000 build. Current value 415,000
So i believe i have got a good start with this property but i want to be able to kick on i don't want to stagnate.
I have been going though a few scenarios.
Keep and rent out and try and build another similar? What are the implications for this?
Keep and rent out and try and buy a renno? the difficulty being finding the right house that works with my numbers.
Sell and go again with the same house in order to keep my initial gain.
In a ideal world i would keep and go again but i have having a little trouble trying to get the figures right.
I would also like more info on how being in the trade will affect eg tainting assets what im liable for etc.
Any recommended books blogs or people to talk to would be great i am currently trawling the forum for information and what a great place it is!
Any advice or opinions would be great im here to learn, arnt we all?
Thanks for your time
I am wanting gain knowledge look and listen to hopefully gain a footing in the property world
I have just finished building my first house a 3bed 2bath single level house on a 503m section in a northen wellington suburb.
Total cost was 160,000 section 145,000 build. Current value 415,000
So i believe i have got a good start with this property but i want to be able to kick on i don't want to stagnate.
I have been going though a few scenarios.
Keep and rent out and try and build another similar? What are the implications for this?
Keep and rent out and try and buy a renno? the difficulty being finding the right house that works with my numbers.
Sell and go again with the same house in order to keep my initial gain.
In a ideal world i would keep and go again but i have having a little trouble trying to get the figures right.
I would also like more info on how being in the trade will affect eg tainting assets what im liable for etc.
Any recommended books blogs or people to talk to would be great i am currently trawling the forum for information and what a great place it is!
Any advice or opinions would be great im here to learn, arnt we all?
Thanks for your time
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