Kesh Maharaj, a chartered accountant gave up his large six figure salary at a multinational corporation seven years ago and focused on building up his property portfolio.
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With all this talk about the housing market gaining ground; it is a good time to check out how you might also gain from the situation. From our own experience we have found that many of our more established clients have grown their wealth through property investment. Sometimes with very little cash from their own pocket.
People can be put off by the cost of mortgage protection insurance but this can be made more affordable with a little planning. Especially when tailor made to fit alongside other possible sources of income, such as sick leave, holiday pay and emergency savings.
Kris Pedersen of Kris Pedersen Mortgages recommends New Zealand Property Investors avoid the ‘One Bank Trap’. Kris has years of experience in the finance sector and founded Kris Pedersen Mortgages in 2007.