Hello all,
I have a quick question about a book ive purchased. '20 properties in one year'by Graeme Fowler. Is the information still relevant in this book as it was published in 2008?. In the blurb it talks about no money down purchases, and i think the rules have changed regarding that right?
If you hadn't guessed by the nature of the question, my knowledge on property is zero. Im 30 and left NZ a year and a half ago with 17k debt and just completely disillusioned with being a 'forever renter' and decided to teach English in China to get enough money to begin investing. Im still a while away yet from kicking off, but im at 57k now and by next August i will have 100k and will go into a partnership with my friend who owns a couple of properties already. He works for the bank approving home loans so he's on the ball, but i don't want to go into this relying on his advice and want to know what to do myself. So i have given myself until next August to read as many books and posts on this forum as i possibly can. If i ask stupid questions its genuinely because i am.
So if that book previously mentioned is no longer relevant to today's rules, what books specific to NZ would you recommend? i also purchased Property 101 by Matthew Gilligan and The NZ Real Estate Investors Secrets 2nd ed by Graeme Fowler.
Any help is greatly appreciated and good luck to everyone
Scott
I have a quick question about a book ive purchased. '20 properties in one year'by Graeme Fowler. Is the information still relevant in this book as it was published in 2008?. In the blurb it talks about no money down purchases, and i think the rules have changed regarding that right?
If you hadn't guessed by the nature of the question, my knowledge on property is zero. Im 30 and left NZ a year and a half ago with 17k debt and just completely disillusioned with being a 'forever renter' and decided to teach English in China to get enough money to begin investing. Im still a while away yet from kicking off, but im at 57k now and by next August i will have 100k and will go into a partnership with my friend who owns a couple of properties already. He works for the bank approving home loans so he's on the ball, but i don't want to go into this relying on his advice and want to know what to do myself. So i have given myself until next August to read as many books and posts on this forum as i possibly can. If i ask stupid questions its genuinely because i am.
So if that book previously mentioned is no longer relevant to today's rules, what books specific to NZ would you recommend? i also purchased Property 101 by Matthew Gilligan and The NZ Real Estate Investors Secrets 2nd ed by Graeme Fowler.
Any help is greatly appreciated and good luck to everyone
Scott
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