What do investors look for/want/expect when they are seriously considering purchasing a deal/s from other investors? i.e via the property billboard website?
Hello - I am very new to this profession and I am interested to know what other investors thoughts are on this, especially for people investing in the Wellington region.
I am looking at concentrating on the Northern Wgtn area i.e Khandallah, Johnsonville, Newlands, Tawa areas (possibly Whitby/Paremata also) . Is there much interest in these areas or is there more interest from investors in the central Wellington area?
I am rather apprehensive with doing due diligence on too many deals if there may only be a 10 or 20% chance of finding another investor, say via the property billboard forum - there seems to be quite a few deals available, but I do not see too many resulting in a successful result?
What specific areas make investors ears stand up & say, 'this deal needs serious consideration'.
Is it a combination of xy% below reg value, % yield or reno potential by adding nett xy$ or sub-dividable property?
What is considered a good deal and how much do you leave in a deal when
1 - assigning a property?
2 - double settlement? etc
Do you work to a certain formula/percentage?
Look forward to receiving some great feedback.
Cheers
Hello - I am very new to this profession and I am interested to know what other investors thoughts are on this, especially for people investing in the Wellington region.
I am looking at concentrating on the Northern Wgtn area i.e Khandallah, Johnsonville, Newlands, Tawa areas (possibly Whitby/Paremata also) . Is there much interest in these areas or is there more interest from investors in the central Wellington area?
I am rather apprehensive with doing due diligence on too many deals if there may only be a 10 or 20% chance of finding another investor, say via the property billboard forum - there seems to be quite a few deals available, but I do not see too many resulting in a successful result?
What specific areas make investors ears stand up & say, 'this deal needs serious consideration'.
Is it a combination of xy% below reg value, % yield or reno potential by adding nett xy$ or sub-dividable property?
What is considered a good deal and how much do you leave in a deal when
1 - assigning a property?
2 - double settlement? etc
Do you work to a certain formula/percentage?
Look forward to receiving some great feedback.
Cheers
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