In this episode, we discuss 2 potential strategies you can use to pay off your mortgage faster, using investment property.
Both strategies involve leveraging your existing home to purchase an investment property. In essence, this means using the house to pay for itself.
In the first strategy, you purchase a capital growth property, which will go up in value quickly, though will also require a cash top-up each week. Once enough equity has built within the investment property, you sell it and use the proceeds to pay down your mortgage.
The second involves purchasing a cashflow-positive property and using the profit to pay the bank back more quickly.
To find out more about the podcast and property investment in general, check out our Epic Guide to Property Investment in NZ.
The Property Academy Podcast