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  1. #1

    Default Best time to Invest in a property?

    As the prices was sky high till last year of all the properties.
    This year all the houses and apartment were getting foreclosed. people were selling their mobiles homes in second hand .
    Is this the year to invest in properties and to buy apartments?

  2. #2
    Join Date
    Jan 2011
    Location
    NZ
    Posts
    218

    Default

    It doesn't matter when you ask the question. The answer is always at some point in the past.
    The next best time is now.

    Having said that you should do some planning to see if you can service the debt should interest rates go up by 2%.
    Most investments in the bigger cities are now negative cashflow, so you would need to top up with your own cash.

  3. #3

    Default

    Quote Originally Posted by grip View Post
    It doesn't matter when you ask the question. The answer is always at some point in the past.
    The next best time is now.

    Having said that you should do some planning to see if you can service the debt should interest rates go up by 2%.
    Most investments in the bigger cities are now negative cashflow, so you would need to top up with your own cash.
    Good 1 .....

  4. #4

    Default

    Don't wait to buy property, buy property and wait...

  5. #5

    Default

    Quote Originally Posted by grip View Post
    It doesn't matter when you ask the question. The answer is always at some point in the past.
    The next best time is now.

    Having said that you should do some planning to see if you can service the debt should interest rates go up by 2%.
    Most investments in the bigger cities are now negative cashflow, so you would need to top up with your own cash.
    On point

  6. #6
    Join Date
    Aug 2003
    Posts
    7,670

    Default

    Yes and it's the same everywhere.

    cheers,

    Donna
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