Her Magazine is New Zealand’s only women’s business lifestyle magazine! Her Magazine highlights the achievements of successful and rising New Zealand businesswomen. Her Magazine encourages a healthy work/life balance.
Issue link: https://viewer.e-digitaleditions.com/i/59614
PROMOTION propellor property Were you thinking of investing in property last year – and didn't do it? Well it's another year…. Property Strategist Nikki Connors looks at how the fear and uncertainty of that first step can be alleviated … WHY ARE WOMEN SO risk adverse when really we should ensure that we don't have a future filled with uncertainty. We cannot rely on anyone but ourselves to achieve exactly the lifestyle we want and deserve! Investment property can be the way to achieve this. So here's how to look at minimising the risk associated with investment…. I believe it is important that new investors understand the pitfalls as well as the benefits to this hugely satisfying form of investment. Yes, we New Zealanders do love property and why shouldn't we? If we are sensible and take a long term view to our investment then we are no longer at the mercy of a fluctuating market. Firstly, if you do not have a cash deposit and looking to utilise equity in your home to guarantee your deposit it is important that the investment property only needs a minimum deposit of about 10%. This means that the profile of the property has to match the banks criteria and of course you need to choose a bank that can loan the most against the purchase price. In this way you are not tying up your home's equity and your not putting your home in undue risk. Also look at how your own home mortgage is structured and whether the mortgage you are paying is as efficient as it can be. Then, having the right legal structures in place can literally be the saving of your home in the future. It is important that all you have built up is protected. Finally, I don't know how many clients have come into see me to start the investment process again after getting into major difficulties in the past. The problems have stemmed from choosing the wrong investment property. If like me, you want to be a passive investor who wants to walk away from the investment then an old, cheap do-up is not for you. What can start out as being a cash flow positive proposition can quickly turn into a nightmare the moment the roof has to be repaired or the wiring has to be updated…. Propellor is completely independent of any developer and development. We scour the country for what we believe to be good solid investment propositions for our clients. We perform our own due diligence on all the property we recommend and when we meet with you and understand your situation we then put together a strategy that is tailored to your personal and financial profile and select properties to match this. You see full cash flows on these properties so that you know exactly what the outgoing and income will be over a ten year period and we organise tenancy on your behalf on settlement. If you are a new investor we particularly look for properties with guaranteed rentals for you so as to reduce your risk even further. So what are you waiting for? We are already well into 2012 – so have a new mind set and a new way of thinking. Don't be another year older and another year closer to an uncertain future. Propellor has helped hundreds of women from all over New Zealand secure their future and pay off their home mortgages in less than half the expected time – and our services to you are completely free! Nikki Connors is Principal of Propellor Property Investments and well known NZ media commentator on investment property. To find out more about Propellor Property Investments call 0800 932 584 and ask for Dianne Whiteside who works specifically with Propellor's women investors or go to: www.propellorproperties.co.nz www.hermagazine.co.nz | 61