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http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11571162

By Anne Gibson

Gary Lin says he started buying houses only so he could play World of Warcraft on his computer all day every day.

Now he's a multimillionaire who owns 11 rental properties in the soaring Auckland market.

The 32-year-old - originally from Guangzhou in China but a New Zealand resident since he was 13 - started buying property in June 2010 with a $200,000 wedding gift from his father. He and his wife Cindy bought one place for as little as $173,000.

Now his portfolio is valued at $6.5 million, which earns about $275,000 in gross rent each year.

Mr Lin, who drives a 2001 Honda, says he's not motivated by the trappings of wealth. With his wife, he supports most of the living expenses of their parents and pays for the upkeep of five cars in two families.

The optimist says he isn't worried by talk of a slump in property prices, saying that would only enable him to buy more places.
By Anne Gibson

Gary Lin says he started buying houses only so he could play World of Warcraft on his computer all day every day.

Now he's a multimillionaire who owns 11 rental properties in the soaring Auckland market.

The 32-year-old - originally from Guangzhou in China but a New Zealand resident since he was 13 - started buying property in June 2010 with a $200,000 wedding gift from his father. He and his wife Cindy bought one place for as little as $173,000.

Now his portfolio is valued at $6.5 million, which earns about $275,000 in gross rent each year.

Mr Lin, who drives a 2001 Honda, says he's not motivated by the trappings of wealth. With his wife, he supports most of the living expenses of their parents and pays for the upkeep of five cars in two families.

The optimist says he isn't worried by talk of a slump in property prices, saying that would only enable him to buy more places.
"Professional landlords will all be doing this, particularly if they're re-letting places during this summer."

He said at one Mt Eden property, annual $250-a-year insurance premiums had shot up to $800 a year after the Christchurch earthquakes.

"I'm not a slum landlord - I want to charge above-market rents by keeping my places better than the market average," said Mr Lin, who estimated he housed about 30 people.

"A tenant will have 20 bucks less, perhaps. But which business in the world actually subsidises their customers?"

Mr Lin began buying property with his wedding present, thinking it would allow him to endlessly play the online fantasy game World of Warcraft. But his life has changed, and family is his main priority now.

A member of the Auckland Property Investors Association, Mr Lin said he was coached by Auckland property mentor Ron Hoy Fong.

Mr Lin says he treats his rental properties like an expensive car, and chooses tenants carefully: "Would you rent your Rolls-Royce to a stranger and have it trashed?"

And he reckons that property investment is within everyone's reach.

"Work hard, work smart, save hard, and invest smart. Wealth creation is not rocket science - perseverance and hard work can get you there."

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The wolf of wall street or what?  I used to play final fantasy a lot.

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恭喜海哥,大大方方买房,大大方方赚钱。

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5年时间从0.2M 发展到 6.5M请问是如何做到的

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Anne Gibson 之前報道Barfoot 中介洩漏房子買家都是華人姓氏那個記者....

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恭喜恭喜。。。。

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感觉这个报导有点居心不良,阴谋论,哈哈。不过。。。

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偶是来追星的。。。。。。。

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我觉得Anne Gibson很好啊,她去年的Ron Hoy Fong和Ron Goodwin文章都写的很好。

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congratulations....!!!

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海哥 連Facebook Herald 都放你上去啦 全國都認識你了  不過本地人的feedback好像不怎麼正面啊 然後有一句又是“Sick of Asians buying property"....... 哎

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别把宗族歧视看的那么重啦

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你不知道NZHerald Facebook上很多trolls吗哈哈?

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贷款有多少呢?这个是主要

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不過你這樣高調  你不怕AT 老細都對你另眼相看?(當然或者你很喜歡這樣都不一定 再說 有你這樣的成就其實不打工也行咯) 連David  Warburton (AT CEO) 甚至Stephen Town (Auckland Council CEO) 恐怕都沒你那麼厲害 哈哈

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FB喷子多。有那么几个是到处喷。眼红的人总是有,不管什么族裔。Anne上来点名了阿海13岁起就是resident,已经shut off一批人了。

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大哥,没有人想阻止你赚钱,别这么得瑟行不

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新年好彩头....恭喜恭喜

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自己成功和家人幸福就行了,没必要在乎别人怎么想。

想你的赞扬你的是朋友。

无理取闹批评你的就无视就好了

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好彩头....恭喜

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阿海你这次真是troll大了,FB岛毛穷白的评论太美,都不敢看。。
but a New Zealand resident since he was 13 还好记者这句给你挡了不少喷。。
你真不怕岛毛穷白去偷你抢你啊?

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恭喜!恭喜

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