Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
It’s now over 25 years ago that I got started in property investing, and I knew virtually nothing about property – except that I wanted to get rich from it!
I ended up losing about $40,000 on my first property, but luckily I did learn a lot from it.
I made many mistakes along the way and it was really no wonder as I was pretty clueless when it came to all things regarding property investing.
Back then, there wasn’t a lot of information around, so it was more of a trial and error thing for me for a few years. There wasn’t anyone I knew who I could ask about property or get their opinion about something, and virtually nothing written by NZers on the subject.
I remember a friend of mine inviting me to go see an older guy who...