NZ Property Investor

SOLID GOLD STRATEGIES

How committed are you to succeeding in property investment? Probably not as committed as Michael Burge. Four years ago, Burge was a self-employed personal trainer in the fitness industry, which meant his income was patchy. Some months were great, but others were uninspiring. He’d always hoped to be able to build passive income through his business, but he realised that wasn’t happening.

“I thought, ‘I need to own something’,” says 31-year-old Burge. “I had some money in KiwiSaver, which kind of forces you to put it into property, and I had some friends who had been successful in property. I vividly remember lying down on my bed, telling myself: ‘I know nothing. Whatever I think I know, I’m going to push to one side. I’m going to go out there and

You’re reading a preview, subscribe to read more.

More from NZ Property Investor

NZ Property Investor3 min read
Watershed Moment
Diana Levinzon has been an investor for less than a year, but she's already completed six flips and is working on her seventh. And her motivation for investing in property is simple – creating wealth for her family. “Both my husband and I work full t
NZ Property Investor2 min read
Do The Numbers
For investors buying a new property, it's always a good idea to conduct a “cashflow forecast”, which will give an idea of how the property will perform over the long term. When running these forecasts, ask: “How much do I think the rent will increase
NZ Property Investor3 min read
The Key To Keeping Staff
In the world of property management, staff turnover can be a persistent challenge. High turnover harms a company's efficiency, performance, and reputation. It can be detrimental to the team's morale, result in higher consumer churn and negatively imp

Related Books & Audiobooks