Most of us would like to own a regular income stream that pays us weekly with little hassle, right?! RIGHT. That is what residential real estate is fantastic for. But, when it comes to actually achieving passive income from property, should you invest in an apartment or a house?

With the cost of living at an all-time high, house prices more than they’ve ever been before and interest rates well on the rise – many people would fairly assume that 2022 is the worst time to purchase property! However, I’m here to tell you that an outlook such as this could lead to you making a very big mistake when it comes to your ability to create wealth.

If you are an investor wanting to grow your property portfolio, then second-tier lending as a finance strategy needs to be on your radar. Over the last 12 to 24 months the New Zealand property market has seen a range of unique conditions. Everything from exuberant growth right across the country, to stricter lending laws taking place and now the rise of interest rates.

Without a doubt, an investor’s secret weapon to building a profitable property portfolio is their ability to use equity. This is because the one thing we need as property investors, particularly in the acquisition phase of our journey, is access to our money.

Who doesn’t want a slice of their own piece of paradise. But with slow wage growth and exceedingly high house prices, it’s getting harder and harder to become a traditional homeowner – which is why some people are opting to become rent-vestors instead.

With a booming property market, it can sometimes feel impossible to achieve that dream of purchasing your first home. Here are six practical ways you can speed up your ability to grab a slice of your very own real estate gold…