Hi PT,
been out of NZ for awhile and heading back to Palmy to try and climb this investing ladder.
I have 2 properties looking to do some work while back in NZ, but only a one man band so trying to prioritise... please share your thoughts on what I should do first.
1. one which I bought 2 years ago with mortgage, run down but tenanted, checked with valuer and with some work it may get valued about $100k above the purchased price. I can do the reno myself as I will not be working.
2. This one has been gifted by family recently and therefore has no mortgage. It's on a decent sized section and have been notified that it can be subdivided. will be looking to subdivide and build or relocate a house in the future. I will be living in this one.
3. Just leave the 2 mentioned above and buy a new rental, prices have definitely gone up in Palmy from looking at the listings but how about places like Whanganui?
What number should I start with first if I want my investing career to take off!
thanks, just wanted to hear what others would do.
been out of NZ for awhile and heading back to Palmy to try and climb this investing ladder.
I have 2 properties looking to do some work while back in NZ, but only a one man band so trying to prioritise... please share your thoughts on what I should do first.
1. one which I bought 2 years ago with mortgage, run down but tenanted, checked with valuer and with some work it may get valued about $100k above the purchased price. I can do the reno myself as I will not be working.
2. This one has been gifted by family recently and therefore has no mortgage. It's on a decent sized section and have been notified that it can be subdivided. will be looking to subdivide and build or relocate a house in the future. I will be living in this one.
3. Just leave the 2 mentioned above and buy a new rental, prices have definitely gone up in Palmy from looking at the listings but how about places like Whanganui?
What number should I start with first if I want my investing career to take off!
thanks, just wanted to hear what others would do.
Comment