Kia ora
We’re after some property investment strategies ideas that align with our lifestyle goals.
Here’s the dealio:
We own a 1bed Aklnd CBD apartment worth $550k with a $220k mortgage. This is where we live with our 6mth old baby. It is 65m2 and comes with a carpark. It has rented for $600pw in the past. I’ve just re-painted and carpeted so it’s looking very tidy. This apartment is in our personal names.
My wife is selling her overseas property. The profit from that is likely to clear our apartment mortgage.
We are older parents, 44&38 and would like to have another baby within the next 2 years. Our combined gross income is $195,000pa. My job is more transferable than my wife but she has the potential to earn more money than me in Auckland or any major city. I work in health, she’s in fashion.
We would like to leave Auckland (who wouldn’t when traffic’s bumper to bumper!) in the near future and raise our kid(s) in a more rural setting for the first 5 years of their lives. We are both keen cyclists, snowboarders and trampers and would love to introduce our babies to an outdoors lifestyle. We understand there will be salary sacrifice but like most parents on here, we are also aware that we don’t get this time with our kids back.
All options are on the table – leverage the mortgage free apartment and buy rentals, sell the apartment, buy a house and income in a quieter part of NZ and AirBnB the room(s) – we are open to all suggestions. I’m curious to know what any of you more seasoned investors would do?
Cheers
We’re after some property investment strategies ideas that align with our lifestyle goals.
Here’s the dealio:
We own a 1bed Aklnd CBD apartment worth $550k with a $220k mortgage. This is where we live with our 6mth old baby. It is 65m2 and comes with a carpark. It has rented for $600pw in the past. I’ve just re-painted and carpeted so it’s looking very tidy. This apartment is in our personal names.
My wife is selling her overseas property. The profit from that is likely to clear our apartment mortgage.
We are older parents, 44&38 and would like to have another baby within the next 2 years. Our combined gross income is $195,000pa. My job is more transferable than my wife but she has the potential to earn more money than me in Auckland or any major city. I work in health, she’s in fashion.
We would like to leave Auckland (who wouldn’t when traffic’s bumper to bumper!) in the near future and raise our kid(s) in a more rural setting for the first 5 years of their lives. We are both keen cyclists, snowboarders and trampers and would love to introduce our babies to an outdoors lifestyle. We understand there will be salary sacrifice but like most parents on here, we are also aware that we don’t get this time with our kids back.
All options are on the table – leverage the mortgage free apartment and buy rentals, sell the apartment, buy a house and income in a quieter part of NZ and AirBnB the room(s) – we are open to all suggestions. I’m curious to know what any of you more seasoned investors would do?
Cheers
Comment