One should not be put off by these changes as they are already in effect around the globe and still making more wealthy property investors.
Owning your own home is not always necessary......If we could allow ourselves to move past the need to buy and live in our own home and rather rent accommodation because thats all we pay...NO rates, NO home insurance, NO maintenance....your hard earned cash is now free to put to work. "first home owners" can now purchase investment property like many other New Zealanders.... You too can now enjoy the many benefits of property investing.
I have clients who own 3, 4 and 5 investment properties yet still rent. Why.......... they understand that a mortgage (personal debt) on your own home ties you down. Because we are human the desire to sell that home and purchase a bigger and better one often precedes clarity as emotion takes over. Your debt level often increases too....
and......who pays the debt(mortgage)?? Are there any tax benefits??
For more information and finance arrangements...we can put you in front of NZMBA mortgage brokers who specialise in investment lending.
We can also develop a Realestate Strategy helping you build your portfolio and structure the risk management through our strategic partners.
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