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Property Investment Books
could someone suggest some property investment books to read
some with specific to new zealand in general
some just about property investing etc.
im going for residential at the moment.
im giving myself 1 year to learn it, be4 i cash up msot of my stocks for a deposit.
ive have watched the botany/dannemora boom in auckland gone past me, and it was good.
regards,
dazza
Oil - NZO
REE - ARU
Copper - EQN/OXR/TMR
Iron- AGO/ADY/UMC
Nickel-WSA
PGM/Gold - PLA/VRE
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Property Investments
A strategy for Success
By Martin Hawes
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He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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Dazza
Why read a book when you can pay $000's to attend seminars that will give you the same info but allow you to walk away with that warm fuzzy feeling[?]
These seminar people must be hurting in the current environment now that the property tide is turning...
Steve
Death will be reality, Life is just an illusion.
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Your local real estate pages, Property/rental Press, Harcourts Blue book and Real Estate Agents house listing magazine. Spot how properties/rentals/rents come and go off the market and watch the price each time. Other than this go to the local library and get every book out and read them all over the next year so you get some balance to the views. Plot the views against what you are seeing in the real estate pages / market to check for reliability of the information.
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kiwi property monthly mags& forums worth a read.
-most of the doz property books I,ve read run basicly along the same lines.
-personal don't see much cap gain upside in the overall NZ property maket for the next couple years looks very bearish to me, except for the odd hotspot-(invercargill,southland for me.)
- studying for reasons why a areas property will increase in value(or keep increasing)Land to build ratio,numbers of listings,sales
- areas income, main employers ,future growth etc
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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cheers fellas keep it up
im giving myself a year or so, to study it ,get some brains about it etc.
so far i know that a newer house is good if u want negative gearing to offset ur personal income to decrease taxes cause new house = quicker depretiation.
Oil - NZO
REE - ARU
Copper - EQN/OXR/TMR
Iron- AGO/ADY/UMC
Nickel-WSA
PGM/Gold - PLA/VRE
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"The Complete Guide to Residential Property Investment in NZ"
by Dudson & King.
It has Book Review section at the back for further reading. They even recommend some of de Roos books.
Dolf de Roos is supposed to be NZ property guru but on page 9 of "the NZ investor's guide to making money in residential real estate" he says:
"In GB, capital growth has averaged almost 10% over the last 900 years (since 1086)" and we all know what a crock that is - don't we Duncan?
\"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>
The information you have is not the information you want.
The information you want is not the information you need.
The information you need is not the information you can obtain.
The informaton you can obtain costs more than you want to pay.
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Member
www.propertytalk.com
Check out the forums. There are a few old pros in there offering some good experience. Don't pay any attention to the peddlers & the ra-ra-ra.
Frank Newman's "The New Zealand landlord's handbook" gives the run-down on practicalities. From a common sense perspective.[8]
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awesome, thanks for the forum eh, forums has taught me alot about the market
great stuff
any other peeps want to recommand other propertytalk, obviously with specifics to new zealand
Oil - NZO
REE - ARU
Copper - EQN/OXR/TMR
Iron- AGO/ADY/UMC
Nickel-WSA
PGM/Gold - PLA/VRE
-
Member
Making money made simple. Noel Whittaker.
Might get a cheap copy here if your quick.
http://www.zillion.co.nz/buy/listing/2418385/
Planning for Property Success in NZ by Andrew King
http://www.goodreturns.co.nz/books/a...o=&dfrom=&dto=
Good luck Dazza.
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