No Knives With This
You have heard the ad’s, but wait theres more….
With this “what ever it is you get a free set of ginsu knives”…well not this time. If you want the ginsu knives you can go and buy some with the great upside you will get from this investment.
In my opinion deals like this one are where people will create their wealth for retirement, forget the hype of the developers and the spruiking of the real estate agents. Think about what’s in this for you.
With this particular property you are in the heart of NZ’s largest city. It is a 2 bedroom apartment which is sought after in Auckland and is large enough that the banks will lend on it.
Renting easily for $400 to $420 per week this property provides options for many a person looking to rent in the city.
That’s the rental side but you as the owner also have the benefits of the growing city of Auckland.
What happens to prices when there is scarcity? They go up.
Is there scarcity in the Auckland apartment market? Not today but in a couple of years time there will be and this type of investment allows you to hold on to it until the prices move upwards.
The new building laws for Auckland will mean an apartment of this size will cost a developer over $300,000 to build. Add on his margins and you will be looking at over $350,000 to purchase it brand new.
Today you can get that for $250,000, right here right now.
Login and look at the numbers. It’s cashflow positive from day one even using the low end of the rent side for someone on $60,000 a year income.
The return on investment is a whopping 127% even if the property only increases by 2% above inflation over 15 years.
…{+}
The rest of this article is available to premium members only.
Login or Become a member
[Membership Site Guarded by Membership Site Plugin MemberWing]
