Property has always been a popular investment. Sinking your hard earned funds into something you can see and take care of has always felt more secure than stocks or shares. Talk to us to see if it could be the right option for you.
An investment property is a significant financial investment and needs to be carefully considered. The deposit required is more than one for your family home, typically 40% of the purchase price.
Investment property makes money in two ways, from weekly rent and capital gains. Rent is the most immediate form of income and also the most reliable. Usually, the rent is used to pay off the mortgage on your investment property. Capital gains is what you achieve when your investment increases in value. In addition to selling your property, you can also make the most of these gains by topping up your mortgage.
The structure of a mortgage on an investment property is often very different from a typical family home and requires specialist advice. At Lifetime, we are experienced in designing mortgages specifically for investment properties and can guide you towards the best options for your investment portfolio.
You may be unsure if buying an investment property is the right step for you. At Lifetime, we can evaluate your full situation and help you decide if you should buy now or wait. Our main concern is your long-term financial goals and ensuring that you choose the right investments for your lifestyle. You can trust that our objective advice is in your best interests no matter the situation.
It doesn’t matter if you’re buying commercial property or a residential rental. We have the tools to help. Talk to us today about securing an investment property and we will make sure that your purchase will work for you now and in the future.
When you analyse the habits of those considered financially successful, you start to see trends in their everyday behaviour, Julian Lingard says.
1. They keep learning
Once they’ve identified areas in which they want to gain wealth, they start educating themselves in those fields.
Invest in your self-knowledge by reading the relevant books, following the right bloggers and spokespeople, and keeping up to date with policy changes in the news. A lot of websites in New Zealand even send daily or weekly updates to your mailbox. There are tons of resources out there (although it’s important to first check their credibility) that will help educate your financial decisions.