Helping a colleague make money in property

Written by Mike

Topics: Realestate

One colleague at my company was interested in how I was investing in property in New Zealand. He kept talking about the rising interest rates, falling property prices and so on. He was interested, but so negative. I don’t know why, but I kept telling him that there were many good opportunities available.

I gave him all of the details of who to contact, but he said kept saying he was too busy to contact. When I suggested I don’t mind sending an email, he said that was fine.

To cut a long story short, he has signed a contract to buy a duplex in the south of New Zealand. The purchase price is a few thousand under the valuation of the property, to which the bank is lending 90 per cent of the valuation price.

He is very happy with the outcome. One of the tenants has even paid rent in advance. I have no idea why. I have introduced him to all the contacts I have made. I don’t benefit anything financially, but he is happy with my help.

I don’t know what I really want to say, but I am just happy to have helped someone from my own limited experience. I have started to create a guide on buying property in New Zealand, which you can access on the right hand side of this page. I will keep updating it as I go.

I am happy to provide any assitance if anyone needs help with realestate, as long as I can write about it here.

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