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Not necessarily a bad experience but the realisation that their debt was your debt. It was the exposure and risk that caused me the angst. We did two multi unit developments that took over 2 yrs to build and obtain separate titles. We owned each site individually in the beginning and then...

Dear Property Girl No we do not pay land tax. We do pay Council rates based on valuations that are normally calculated every 3 years. Average cost $1800 per annum for a $400,000 property. Cheers Charlotte30

Dear Biz Yes my properties are all in Christchurch. After the earthquake the values and rents were all over the place. All you could do was hang on and ride it out as it was not an option for me to leave town. I was pleased that I was not highly geared as the event tipped some people over...

To MIW Thanks for the kind words on my journey. The reason for posting was to show that it can be done on a low income. It is too easy to think I can't do that because I don't earn enough. In the beginning it was very hard to keep focused because the journey appeared to be overwhelming. It...