It’s often thought that no investment really is as safe as houses; however to one Auckland couple, property has proved key to their financial security.
In light of much speculation regarding the Auckland property market, it can seem near impossible for small, part time ‘mom and pop’ investors to compete with overseas moguls, but it can be done!
In Buy & Hold, Alika and Rahul show how to achieve greater financial security through long-term property investment without having to give up day jobs.
It’s often thought that no investment really is as safe as houses; however to one Auckland couple, property has proved key to their financial security.
In light of much speculation regarding the Auckland property market, it can seem near impossible for small, part time ‘mom and pop’ investors to compete with overseas moguls, but it can be done!
In Buy & Hold, Alika and Rahul show how to achieve greater financial security through long-term property investment without having to give up day jobs.
“We’ve seen people live pay cheque to pay cheque to pay the bills and look forward to days off. We wanted the same pay cheque to serve a bigger purpose,” says Rahul. “Don’t fire the boss, keep your day job and, in this way, people can have houses where values grow, sometimes slowly and at times quickly.”
Alika and Rahul have developed their strategy based on 15 years buying, renovating and selling houses. Stressing the importance of the long game, over quick turnaround, quick profit (and the risks associated with this), their book features lessons they’ve learnt along the way.
Particularly relevant considering new tax laws, Buy & Hold is designed to show how owning multiple properties doesn’t have to be a dream that only others ever achieve. “One does not have to buy only in the central suburbs, we can buy in peripheral areas where yields are better.
Even though gains may be a little slower, these still provide that next step on the property ladder. The secret is to buy and hold for the long term!”
Buy & Hold by Alika and Rahul Rai. Published by Potton & Burton. RRP $29.99.
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