Investing in Real Estate NZ
Hi Brandon! Just found biggerpockets channel on Youtube, great great stuff man, keep it up! Now I have a burning question for you
I live in Auckland, NZ. The average house prices here are above $1 million. The rent is roughly $200-300 per week which by my calculations is roughly $1088 per month. As you can see this falls far short from the 1-2% rule
I really wanted to harness your BRRRR strategy , the problem is positive cash flow from rent OR even find an old affordable property in where I live seem next to impossible. What are your thoughts on real estate in NZ?
Hope this message finds you well,
Kind regards and hello from NZ!
Dave