NZ Property Investor

GUT FEELING

Michael Burge lies in bed at night dreaming of dumps. Not the kind you put your rubbish in, rather, homes he can get for peanuts and transform into decent dwellings.

The 31-year-old was having such a moment last year when he spotted a place that fit the bill perfectly. Graffiti on the walls? Check. Broken windows? Check. Potential in spades? Check.

“As there is a 30% deposit needed for investment properties, I always look for properties I can pick up cheap,” he explains. And this one definitely fit the bill.

Located in the Western Heights

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