Young investor Angela Humble
With entry level prices high, affordability low in many locations and lending regulations stringent, it’s harder than ever for aspiring young (or new) investors to get on the property investment ladder.
But aspiring investors should take heart - it’s not impossible.
In this month’s issue of NZ Property Investor magazine, we speak to three young investors who’ve come at the problem from three different angles.
And we find it’s still possible to success as a new investor, if you’re strategic and determined.
When Billy McLachlan left Opahi College in Temuka in year 12, all he cared about was skateboarding – much to his mother’s dismay.
Despite the fact that he showed considerable talent (he’s sponsored by Amazon NZ), his mum encouraged him to enrol in a one year Certificate in Business and Tourism course in Timaru.
McLachlan took to it like a duck to water and quickly became interested in the passive-income-earning possibilities of investing in property.
These days the 24 year old owns a cleaning business and works in the business of wholesaling property deals – or real estate lead generation.
He’s now on track to meet his first major goal of buying a “six-door” by the end of 2018 and he has even bigger plans for the future.
Meanwhile, West Auckland based Angela Humble used a finder to kick-start her investing journey and Waikato investor Kelsee Bax stayed at home and saved hard to get her start in property.
To read more about the investment journeys of these three young investors – along with their tips - click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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