Finance & Strategy Expert
Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy
Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.
I have a large chunk of cash, enough to pay off my owner-occupier mortgage. My only concern is that this is not our “forever home”. We hope to buy a new house soon that will be! When we do our current owner-occupier will be kept as a rental.
But I do not want a mortgage free investment property and a big mortgage on our new owner-occupier. Ideally, I would like an 100% mortgage on my investment and all my equity in my owner-occupier. I'm not overly keen on selling it to a company or putting it in a trust. Do I have other options? If so, what are they?
As part of a marital split I received a rental property which has no mortgage on it. Is it wise to rent out a property that has no mortgage?
I am wondering if there is a suitable financial structure to invest money from overseas freelance consulting work directly into investment in a property (rental home) at home in New Zealand. I have no intention of avoiding tax or fees but I’d like to minimise them as much as possible over the next two to three years.
I would need a small mortgage to buy an average property. And I am wondering if it is possible to purchase a property with an LTC and then use the overseas income and rental income to pay the mortgage and minimise profits all around?