A Masterton telecommunications worker who bought his first house at 19, has paid off more than two-thirds of his second house at the age of 24.
William Keedwell, who is no stranger to work and sees himself as a DIY-guy, recognised property investment as a way to get ahead because he could work on improving the houses he owned himself, Fairfax reported.
Keedwell figured that finding a house with some issues would make for easier negotiation of a good deal.
Despite being on minimum wage, Keedwell found a $190,000 home in Masterton lacking resource consent for a sleepout, and negotiated $20,000 off the price.
He sold the house late last year for $257,000.