Hi All,
I have some money set aside and was thinking to invest it in property (to be specific a rental).
Some research I have done says to secure your current property with whats called a LTC? And not to borrow from the same bank as that's putting all the eggs in one basket.
I also came across these guys / have heard them on the radio. I am wondering has anyone used there services before?
http://www.nzinvest.com/
http://www.positiverealestate.co.nz/
I went to the http://www.positiverealestate.co.nz/ seminars and there sales pitch was that they set the LTC and accounts etc for a one off cost of 9k for lifetime membership of there services. They actively find properties for you to invest etc.
Also how much would one look at as a upfront cost to get this setup correctly before I even look at getting a property. I believe there would be lawyers / accountants involved in setting this up. This isn't a problem just need to factor that in.
I would also be interested to know if someone has managed to do invest without the help of third party and if it was a hard learning curve etc
As you have already guessed I'm a complete novice in this so any information is highly appreciated.
Thanks