Purchasing a residential property as an investment can be an excellent way to increase wealth over the medium to long term, and provide a passive income in retirement.
Your investment property should be arranged in such a way that the tenant and the Inland Revenue Department pay the majority of your expenses and help repay the mortgage.
Tommy's Real Estate have developed a close working relationship with Quinovic Property Management and recommend their services; however in the Upper Hutt and Lower Hutt areas our Tommy's Hutt offices are active in property management and will be able to help you.
You must recognise however that owning investment property is a business and you should consider all the impacts it will have. There are legal and taxation issues involved in owning a property from which you earn income, which you must consider before you buy.
Mark is available to provide clients with general investment advice and has a portfolio of investor properties for sale.
He will also assist our sales team with analysis on the investment value of properties their clients are interested in buying.
Pick up your copy from any one of the Tommy's stands around Wellington Region, or read it here.