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  1. #1

    Default Run down houses in Auckland,Happy new year 2015 !!!

    Hi guys, happy new year 2015 and many more to come.

    I have made a goal to buy 10 run downs properties for 2015, so i really need your help
    to locate the best suburbs to buy at discount prices.

    I will sell all of my properties outside Auckland and just focus in the greater Auckland region.

    Please share your knowledge, as i will be really busy trying to find the deal of the week.

    Thanks guys

  2. #2
    Join Date
    Aug 2009
    Location
    Auckland
    Posts
    1,080

    Default

    Propertytrader, if you don't mind me asking - how old are you and how long have you been investing?

    From reading your posts, you seem to have a lot of guts (which is a good thing) looking for run down or leaky properties. I'm just curious how long you have been doing it or if you just started recently.

  3. #3
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    BigD if you check threads you are dealing with a


  4. #4

    Default

    Mate i am in my early 30ish, and been in the game for 2 and half years,but goal is to retire young and rich at 45.

    So please share your knowledge BigDreamer thanks

  5. #5

    Default

    Quote Originally Posted by Damap View Post
    BigD if you check threads you are dealing with a

    Hi Damap,jokes aside,please focus on the notice board subject,thanks

  6. #6
    Join Date
    Sep 2008
    Posts
    7,555

    Default

    would you;

    - fix these run downs up for buy and hold

    - patch them up enough to flick for a profit

    - expect the tenants to pay off the mortgage + provide the funds to fix up each dump....while they lived in it?
    have you defeated them?
    your demons

  7. #7
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    Dftpt .

  8. #8

    Default

    Hi Eri,

    Idea 1 is to repair and flip ASAP, (Cash in hand for this)

    Idea 2 is to rent at half market due to property in repairs

    Idea 3,4 and 5 still consulting with my team of professionals.

    But i need to put into action idea no 1 ASAP.

    “As in everything, nature is the best instructor.”

  9. #9

    Default

    Quote Originally Posted by Damap View Post
    Dftpt .

    dftpt?

  10. #10
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    Sorry ERI, DFTPT!!


 

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