Forum Archive Index - June 2001

["Andrew Smith" <smith5@free.net.nz>]

I personally think the same criteria applies to property as it does with
shares. Some properties increase in value on a soft market as do some shares
rise on a bear market. The secret is home work and what can be done easily
to that property to maximize its value. I personally am purchasing property
as it is currently well below current GV's in the Wiakato ( due to lake of
buyer and heaps of sellers) and the banks are lending easily at 75% of GV.
If rental covers the outgoings and you end up with a property paid off over
15 yrs. And all its cost you is a little time. Gerry asked the question that
time to manage property has not been discussed. All I can say is that the
time I devote to Share management/investigation per dollar far exceeds that
of property. Picking the tenants is the secret. As for builders I feel sorry
for them when the market is soft. many are selling spec's at cost.

Regards
Andrew


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