Hi everybody,
I'm looking for a little advice from somebody/some people that have experience with apartments in Auckland.
Basically, I want to buy one and am looking for a little guidance if anybody has the time.
I do understand the general basics of investment and have taken time to learn a lot, but experience is worth a lot more I believe. This might seem like ABC stuff for some of you but it's a big deal for me as it's my first place so I'm not sure on a few things.
1. The importance of building position for rental. Do people still rent SE corner apartments... Is it a mistake to buy an apartment in a bad building position? From what I've read or heard so far, I don't see an apartment in the CBD as a huge opportunity for capital gain, I'm more focused on the cashflow. If I was to buy in the Federal building in a crap position on the 2nd floor, or H47 looking out at the other buildings decks and all their shit on it out to the west... Am I shooting myself in the foot rental wise? Is it ok if I just buy it cheap because the view is of the brothel across the road? Can I get more rent if there's a brothel across the road?
2. Off the plans (brand new). There's some people trying to cram a Sugartree apartment down my throat. Are there any general investment strategies for buying brand new off the plans? Has anybody invested in one? Does it seem viable?
3. Does anybody know of any buildings which I can save time on and never respond to? Such as ones that are leaky/have current management issues/infested with honey badgers. Does anybody know of a list somewhere that will enable me to save time contacting agents to find the building is about as solid as I was that time I woke up next to "cyclops".
4. Price per sqm? Is that a real thing? Is there a price per sqm that can give me a basic guideline? Cyclops would've make a killing off me if there was back then.
Anyway, any help would be greatly appreciated.
If you do have any tips/help for a newbie looking to get into apartments, please let me know I'm willing to learn.
Regards
I'm looking for a little advice from somebody/some people that have experience with apartments in Auckland.
Basically, I want to buy one and am looking for a little guidance if anybody has the time.
I do understand the general basics of investment and have taken time to learn a lot, but experience is worth a lot more I believe. This might seem like ABC stuff for some of you but it's a big deal for me as it's my first place so I'm not sure on a few things.
1. The importance of building position for rental. Do people still rent SE corner apartments... Is it a mistake to buy an apartment in a bad building position? From what I've read or heard so far, I don't see an apartment in the CBD as a huge opportunity for capital gain, I'm more focused on the cashflow. If I was to buy in the Federal building in a crap position on the 2nd floor, or H47 looking out at the other buildings decks and all their shit on it out to the west... Am I shooting myself in the foot rental wise? Is it ok if I just buy it cheap because the view is of the brothel across the road? Can I get more rent if there's a brothel across the road?
2. Off the plans (brand new). There's some people trying to cram a Sugartree apartment down my throat. Are there any general investment strategies for buying brand new off the plans? Has anybody invested in one? Does it seem viable?
3. Does anybody know of any buildings which I can save time on and never respond to? Such as ones that are leaky/have current management issues/infested with honey badgers. Does anybody know of a list somewhere that will enable me to save time contacting agents to find the building is about as solid as I was that time I woke up next to "cyclops".
4. Price per sqm? Is that a real thing? Is there a price per sqm that can give me a basic guideline? Cyclops would've make a killing off me if there was back then.
Anyway, any help would be greatly appreciated.
If you do have any tips/help for a newbie looking to get into apartments, please let me know I'm willing to learn.
Regards
Comment