re more info no money down - Posted by leon

Posted by leon on April 25, 2000 at 01:06:12:

4 perm/mat units
currently rented at $130,00/week $2080,00/month
close to beach/shops/schools/etc
asking $250,000
need to borrow the lot
repayments at 8.00% approx $1600.00/month
conservative banking system
All in $NZ

any comments apreciated also in New zealand we have a socialist gov’t that is about to drop state housing rates to 25%of house hold income, which I believe is going to effect market rate with an already over supply of rental and new houseing
Plus everyone seems to moving to Australia