Newbie from New Zealand

[Andrew Fergus]

Hi everyone, I have finally made the jump to investor last week after spending most of last year learning everything I could. 

I visited a tiny town in the far north - Kaikohe with a population of 4500. The rental market has such high demand there are only two rentals available on the market. The local industries are a Prison, Farming supplies & the Thermal power plant which is doubling in size over the next year. So there are tenants with pay checks to chose from.

I had so much fun looking through the stock available and settled on a section at 50% below valuation, two sections which are sub-dividable at 30% below & a house and section with tenants. As I paid cash for everything I can now start applying for mortgages as I move relocatable homes onto the sections. With the potential returns I should be able to pull out my initial investment within a year while holding seven homes with incomes. 

What prompted me to start the investing was a diagnosis of Cancer and the ongoing Chemo & Radio treatments. Having to give up my six figure career has forced me to look for other streams of revenue to provide for my family. Who knew the big C could be a good motivation. 

I look forward to making contact with any other investors from NZ