Renovation: NZPIF/Resene Renovation of the Year runners-up
Sam Wang, Andy Kim and Pat Nga (all from Palmerston North) have used the power of three to make their entrance into the property markets.
Joint ventures are a good idea in the current environment, where restrictive LVR rules make it hard for new investors to get a foot in the door.
The three purchased the property under Nga’s name, but they all have equal shares. And while it’s award-worthy now, before renovation it was somewhat less than salubrious.