Calculators and Handy Tools.
Helping you make informed investment decisions.
Once you own a property, you are well on the way to being a first time property investor. It gets easier to build a portfolio once you have existing equity and repayment history, but it can still be a time-consuming process. That’s why anyone feeling time-poor but ready to start financing investment property can use the services of an Auckland mortgage broker to get ahead.
At Mortgage People, we have nearly 30 years of experience helping people build powerful property portfolios. Here’s how we can help.
Covering the basics of your property investment strategy
Property can offer excellent returns, but it requires a lot of effort to get off the ground. We love property investment and think you will too, but it’s important to understand the in-depth research that can be required as you develop a property investment strategy in Auckland.
We can get you started, helping you with financing investment property in the easiest way possible.
How do you find the right first time property investment?
Essentially, you want an investment property that will be attractive to potential tenants. This means taking stock of the home itself, as well as its proximity to transport hubs, shopping centres and good schools. You want something that is going to be profitable, rather than a home that you can create memories in.
This means divorcing yourself from imagining your life there – you need to look at the facts and figures to choose the right property.
What can you do with investment property in Auckland?
There are many tried and tested property investment strategies in Auckland. You can buy, renovate to add value and re-sell; you can rent out a property for positive cashflow or negative gearing; you can combine the two, renovating to produce significantly higher rental returns.
Your Auckland mortgage broker can help you find the property investment strategy that works best with your finances.
How can your property investment strategy go wrong?
It is possible to overcapitalise on an investment property – spending too much on a home or renovations that don’t attract tenants. You can buy in the wrong area, and see values drop. You may not have protections in place for any loss of rental income.
To stay on the path to a successful portfolio, you need to outline your financial goals, how long it should take to achieve them, and what your property investment strategy will be. You also need to determine how involved in the process you want to be. If you want to take a step back, or simply find yourself lacking in time or knowledge, get in touch with an Auckland mortgage broker. We can get you on the front foot.