Hi Everyone
I would love to hear your thoughts on a couple of options I have and where to go next.
I currently own a 4 bedroom rental in Papatoetoe which is cash flow positive and I am now in the position to buy again.
I am trying to decide whether to buy in central Auckland or the North shore with a lower yield but better prospective for capital gain or South/West Auckland for a higher yield. I have good serviceability with my salary to support around a 800K purchase. I live and work overseas and will have this salary for around 4 more years before I plan to move back to NZ. I was thinking to balance one cash flow positive property to one negative my only thoughts here are I wont be using my situation to the best while I have a good income and the banks look in my favor as I know when I move back my salary will be quarter of what it is now so do I:
A: Continue to purchase cash flow positive properties in South or West Auckland.
B: Alternate between buying cash flow positive properties and Negative in higher growth areas.
C: Use my serviceability situation to the maximum while I have a good income and purchase in high growth areas and move to purchasing cash flow positive properties when I return back to New Zealand.
I plan to put enough money into any negatively geared property I own to make it at least cash flow neutral before I return to NZ.
I would love any advice thanks in advance.
I would love to hear your thoughts on a couple of options I have and where to go next.
I currently own a 4 bedroom rental in Papatoetoe which is cash flow positive and I am now in the position to buy again.
I am trying to decide whether to buy in central Auckland or the North shore with a lower yield but better prospective for capital gain or South/West Auckland for a higher yield. I have good serviceability with my salary to support around a 800K purchase. I live and work overseas and will have this salary for around 4 more years before I plan to move back to NZ. I was thinking to balance one cash flow positive property to one negative my only thoughts here are I wont be using my situation to the best while I have a good income and the banks look in my favor as I know when I move back my salary will be quarter of what it is now so do I:
A: Continue to purchase cash flow positive properties in South or West Auckland.
B: Alternate between buying cash flow positive properties and Negative in higher growth areas.
C: Use my serviceability situation to the maximum while I have a good income and purchase in high growth areas and move to purchasing cash flow positive properties when I return back to New Zealand.
I plan to put enough money into any negatively geared property I own to make it at least cash flow neutral before I return to NZ.
I would love any advice thanks in advance.
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