Hi guys - been a bit of a lurker lately and time has come to ask my own questions.
Wife and I have increased equity in our property and would like to use it as an investment.
We've been looking for a financial investor but haven't got that far, however recently we've thought about helping her brother get into a house in Auckland.
He's single and it's taking a while for him to build up a deposit.
He's also a builder so has some solid skills to work from if we decided to find a 'do up'.
We want to cover off all the bases that will help us make an informed decision about whether we put down a deposit for him.
Would be great to hear people's thoughts about this.
Thanks
Wife and I have increased equity in our property and would like to use it as an investment.
We've been looking for a financial investor but haven't got that far, however recently we've thought about helping her brother get into a house in Auckland.
He's single and it's taking a while for him to build up a deposit.
He's also a builder so has some solid skills to work from if we decided to find a 'do up'.
We want to cover off all the bases that will help us make an informed decision about whether we put down a deposit for him.
Would be great to hear people's thoughts about this.
Thanks
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