When Grant Hoey left school in Dargaville and headed to Auckland to make his fortune, he soon realised that working in an aluminium joinery factory wasn’t going to cut it. So, always interested in property, Grant started climbing the property ladder with a section on the North Shore in 1995.
Grant built his first home, bought an investment property, bought another investment property and over the next eight years averaged an investment property a year. However, it wasn’t until 2002 when Grant took the plunge and went into the property market full time that his property portfolio really took off.
From investing in small properties on the North Shore, Grant expanded into the central city market developing strategies and tactics that produced remarkable results. Today Grant’s portfolio of apartments and residential properties is one of this country’s most significant, while his tutoring has guided over 150 others onto the road to success.
The fundamentals of successful property investment include a stint of thorough research in the market you wish to invest in prior to any actual purchases.
In May 2005 Grant dedicated six months to learning all and everything there was to know about investing in Auckland city Apartments including meeting lots of people in the industry e.g. sales agents, property managers, mortgage brokers, and anyone else who’d pass on their knowledge.
This preparation did not totally buffer Grant from making a few mistakes along the way – if you’re out there giving it your all then part of doing so is making a mistake or two – however the hard work put in by Grant prior to his first ever Apartment purchase did give him the industry contacts and basic know how he later relied on when a few challenges came his way.
Today, Grant is spends more time mentoring other investors than he does working on his own investment property portfolio.
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Property Coach for Gracey Investments Limited