Would you rather have a mortgage free dream family home in 10 years
or
3 to 5 investment properties yielding 6% + a dream home both on mortgage but on route to being paid off 15-20 years? In theory in 20 years we could have decent cash flow coming in. But apparently this option is being very hard/impossible by Govt+banks.
I've been saving up all last couple of years and now have comfortable amount to put a 20% deposit on a decent house in Chch. My monthly income after tax+student loan+kiwisaver is around $3800. Plus I will have $1600 from my wife who is a student but works part time. (Her income will surpass mine once she is finished studying.)
We are having a hard time deciding which path we want to take. She is 25 and I'm 29 years old. We are in Chch.
or
3 to 5 investment properties yielding 6% + a dream home both on mortgage but on route to being paid off 15-20 years? In theory in 20 years we could have decent cash flow coming in. But apparently this option is being very hard/impossible by Govt+banks.
I've been saving up all last couple of years and now have comfortable amount to put a 20% deposit on a decent house in Chch. My monthly income after tax+student loan+kiwisaver is around $3800. Plus I will have $1600 from my wife who is a student but works part time. (Her income will surpass mine once she is finished studying.)
We are having a hard time deciding which path we want to take. She is 25 and I'm 29 years old. We are in Chch.
Comment