Hi everyone,
First time posting and completely new to the market so would appreciate any feedback or suggestions.
My wife and I are looking at buying a home and income property on the North Shore (or somewhere around there if we need to be more flexible).
The ideal situation would be to buy a home with a self-contained granny flat, which we would initially live in, and rent out the house to a family to help with the mortgage repayments.
Or, as these are fairly hard to come by, buy a 5 bedroom home with 2 storeys and find some tenants (we were thinking possibly international students - good rep for being tidy, quiet, respectful, good for the rent...)
So the idea is they have their own living area but possibly have to share the kitchen with us.
My wife can speak Cantonese which would be handy if they were from southern China (sometimes wishful thinking, eh....!)
We have enough of a deposit to be looking at the very maximum of $750,000.
We just feel that it might be better to think big for the future, especially since Auckland's property market is so berserk.
My parents are really good with property so they can help out with advice and legal stuff etc to an extent which should prove a valuable asset.
Cheers.
First time posting and completely new to the market so would appreciate any feedback or suggestions.
My wife and I are looking at buying a home and income property on the North Shore (or somewhere around there if we need to be more flexible).
The ideal situation would be to buy a home with a self-contained granny flat, which we would initially live in, and rent out the house to a family to help with the mortgage repayments.
Or, as these are fairly hard to come by, buy a 5 bedroom home with 2 storeys and find some tenants (we were thinking possibly international students - good rep for being tidy, quiet, respectful, good for the rent...)
So the idea is they have their own living area but possibly have to share the kitchen with us.
My wife can speak Cantonese which would be handy if they were from southern China (sometimes wishful thinking, eh....!)
We have enough of a deposit to be looking at the very maximum of $750,000.
We just feel that it might be better to think big for the future, especially since Auckland's property market is so berserk.
My parents are really good with property so they can help out with advice and legal stuff etc to an extent which should prove a valuable asset.
Cheers.
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