HEllo All
Justed wanted to get peoples opinions on a investment property im looking at in NZ
I have about $100K equity in my existing investment property quite heavily -geared
Ill shortly have $50K in an offset account.
Im planning to put 20% depoit down on each 2 x properties in NZ one for 50K and the other $60K then the remainder of the loan will be IO as ill get gross yields of over 11%. Is this a good way of going about this investment, only a smallish deposit but at least ill have sum equity in each property with still room to move for more investment properties.
Look fwd to you thoughts
Cheers20% deposits is a good idea. I am no expert o NZ finance but that would be the ideal for here.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 9853 year fixed rate – 6.69%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
