There is no doubt that 2023 is going to be a bumpy ride for property investors. Wouldn’t it be SO GOOD to take a peek at what successful real-life investors plan to do for themselves? Snoop no more! We’ve gathered some friends to find out how they plan on growing and nurturing their portfolios in the next 12 months!*
In no particular order:
I’m all about the best bang for my buck next year. So I will put myself out there to learn and investigate strategies (such as renovations, cabins, developments, relocatables, and even boarding houses!). I will also start looking to buy for the medium term with the view to selling in 5 years. That’s a deviation from my tried-and-true buy-and-hold-forever strategy. It’s daunting, but I’m excited.
Natasha Middleton, president of the Waikato Property Investors Association and NZPIF’s 2022 Landlord of the Year
I’m going to be very strategic about scooping up high cashflow properties by targeting mortgagee sales. I’m from the grey generation so there is a lot to learn about how to use databases such as Property Guru and the PPSR to my advantage. If I keep at it, I am sure I will pick up some smart purchases from the second quarter of the year.
Peter Lin, APIA member
With the recent legislative changes against property investors potentially reducing the number of people investing in property but the more intensive property zonings allowing sub-division to smaller section sizes, we will be reviewing the potential to sub-divide our home and income properties, thus adding value and increasing the range of...
