One of the great things about being in the property industry in Auckland is that it is small. Over the years, I have had the privilege of working with some very experienced and knowledgable people in different areas of expertise. One of those people is Jason Hoe, who I worked with when I was a property manager. Jason and I both studied a Bachelor of Property at the University of Auckland, and have gone into different areas within the industry - but have both focused on Auckland apartments.

Recently Jason started a consultancy company called Argo Property which helps people who are not knowledgable about the apartment industry make informed decisions when it comes to investing.

He recently shared with me a story about how he and his partner purchased and renovated an apartment earlier this year and achieved over $7,000 positive cash flow. There's details about some of the problems they faced and a complete breakdown of the numbers on his blog.

Having more of an interest in design and presenting properties for sale than being numbers-based, I find it helpful to see the costs and income drawn up for me - something Jason does very well! My only gripe is that he didn't use Nook Staging to furnish or home stage it for him, crucial error! (Haha).

Have a look by clicking here - it makes for some very interesting reading.

Megan