Can I afford an Investment Property?
It’s a big question. You probably think you can’t or aren’t in a position to get on the property ladder, and you may be
feeling some FOMO (Fear of missing out)
You’d be surprised to discover that if you have equity in your property (meaning the value of your
home and the amount of mortgage you have is less than the valuation), then you have what is
known as Lazy Money! Yes, there is such a thing.
The rate at which property prices are rising and rent is increasing, could have you feeling like you
don’t want to get left behind, and getting into an Auckland property investment seems to happen so
quickly for others! How are they doing it and how do they seem to be able to afford it? Can we? or
can we even afford an investment property?
I have seen this a lot over the years… with many people thinking they can’t afford to do anything,
even though they’ve been wanting to start investing in property.
It can all seem a little overwhelming. So you’ve probably looked at a few properties.. missed out on
them.. spent time wondering if you go to the bank first, or what kind of property to buy, and then,
heavens! Where do we buy?! It all gets a bit much. you’ve probably put it all in the ‘too hard’ or too
confusing, or ‘just too busy’ box. So it sits there, collecting dust, and then over a long weekend, you
get out there and start looking again, only to repeat the cycle.
I’ve helped a lot of people over the years. So, there is hope.
If you have the following;
Equity in your home. $120K. This means the amount of mortgage is less than the Valuation.
Combined income $100k PA
Individual income $80K
No home, but a deposit of $100K
You either don’t know where to start or maybe you’re a busy professional that doesn’t have time.
We make investing, easy, clear and remove the mist and fear for you.
If you want to get on the property ladder, Click, contact us, for a complimentary consultation.
2021 is going to be your year you get on the property ladder.