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Property Sourcing??

Discussion in 'Buying Overseas Property' started by cameron, Sep 18, 2006.

  1. cameron

    cameron New Member

    Hi There.
    Anybody have an experience or comment regarding property Sourcing services?
    In Aouckland or ChCh?

    I?m living in Central Otego and it looks like to achieve return of 8%+ on equity ( cash on cash return), from PI I will need to buy in bigger cities where there is more opportunity.
    Of course I will have to hire the service of Property Manager.

    It looks like Hybrid with construction of a Minor Dwelling can reach this level of returns.
    and Richmastery with below valuation deals.

    Any comment or advice will be greatly appreciated.

  2. hudson

    hudson New Member

    Hello Cameron,
    I personally have had good experiences with the Richmastery Property Sourcing service and am sure that Hybrids service is also good.

    Consider that you may have to create an 8% return as opposed to purchase an 8% IP.
    ? Add value to increase rent return
    ? Rent room-by-room
    ? Purchase at a larger discount etc
    There are some great property managers and some not-so-great ones. Ask around before going ahead with one.
    Warm Regards
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