Hi everyone
I live in Christchurch and hearing about 9+ % yields all around the country is making me think of buying investment property elsewhere and get it managed by property manager. If I'm happy to live with property management costs + not being able to 'view' my property, is it a good idea? Downside is I'll probably have to pay market value.
Anyone here investing and managing properties remotely? For example living in Auckland and investing in Southland? (extreme example just so we get an idea).
You can buy a 3 bedroom property in a good suburb for under $100k and have weekly rental of $170.
I live in Christchurch and hearing about 9+ % yields all around the country is making me think of buying investment property elsewhere and get it managed by property manager. If I'm happy to live with property management costs + not being able to 'view' my property, is it a good idea? Downside is I'll probably have to pay market value.
Anyone here investing and managing properties remotely? For example living in Auckland and investing in Southland? (extreme example just so we get an idea).
You can buy a 3 bedroom property in a good suburb for under $100k and have weekly rental of $170.
Comment