Retire Young and Wealthy

House 2:

House 3:

Bought: March 2005 NZ$91,000
Monthly Rent: NZ$960

Description: 2 x 3 bedroom houses in the town of Tokaroa, New Zealand. The land is about 1000 square metres and includes a double garage. Tokoroa has mixed views with investors and apparently some New Zealanders wouldn’t think of investing in the place. However, for the same price as a beach hut in Australia, it seemed like a great buy to me. It was put on the market for $105,000. I offered $91,000 which was accepted. There is a possibility of a new timber mill opening up in the city, which could improve the value of the property.