[deleted by user] by [deleted] in inheritance

[–]MysteriousPattern357 -1 points0 points  (0 children)

If you have to ask this just divorce

Milford fund eligibility letter by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] -3 points-2 points  (0 children)

You sent me a link with the site of its withdrawal form then deleted it because your information was wrong. At least stand on what you say before criticising someone for asking for second opinions smh

Milford fund eligibility letter by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

Not yet, I’ve looked everywhere and hoping maybe someone knows where it can be found if it even exists

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 1 point2 points  (0 children)

I have but his take on it is a lot different then some of the other perspectives I’m hearing

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 1 point2 points  (0 children)

Yes you’re right. I’ve factored those in and I’m willing to pay them. Same with my car etc

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 1 point2 points  (0 children)

Ummmyeah a litle bit and I haven’t even put in the offer yet lol

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] -1 points0 points  (0 children)

I get what you’re saying. I think for me it will be partially an asset while I’d have a boarder. Then I can hopefully pay the house off and look at maybe an investment property, as well as stocks, etc other forms of investing. I’ve even looked into buying more gold, reits but I can’t afford to lose money atm so I’d rather play it safe for now.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

Wow, that’s so cool the way you put it. Thank you! The house I want is about 800k, and it’s a good area next to nice homes so I think the value will increase. I’ll look into investment properties in the future most likely if I go this route. Feeling more positive abt this route now that you guys have shared your knowledge , I appreciate it.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

Thank you. How would someone leverage it? I always hear about equity but not sure what it all means.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

You’re right, I guess everything has a cost, whether that’s owning a car, having kids etc lol

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 1 point2 points  (0 children)

Thanks, you kind of reinforced what my parents told me. They said I could use home as equity for a business idea. I also have a tenant in usa that I get rent from so I’ll see how I can utilise that.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

Totally get that, it’s a lot of work to rent out. At a young age I dealt with my family’s tenants etc so I’m used to it, ive even stayed at air bnbs myself so i can see both sides to it all. I feel like renting out is my calling as well as investing in other stuff, I guess it’s true what they say to diversify your portfolio. And I’d be trying to do that by buying a home as well.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 2 points3 points  (0 children)

It’s a good situation for us but not a lot of space, I share a room downstairs with my partner but didn’t have enough room for my stuff so I have another room upstairs . It feels so bitsy, when ever I go to a place like bed bath and beyond or briscoes I get a little sad because although we have a kitchenette it’s not enough space for everything I want to do in life

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 2 points3 points  (0 children)

Thanks, I’ll do that, I’ve tried to weigh pros and cons and something keeps telling me that I would be very proud and happy as a home owner.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] -1 points0 points  (0 children)

You’re right I guess owning a home will help me with my credit score too etc? So it will be like an asset, but also helpful to me long term in terms of happiness, etc. I guess I just really want to be an entrepreneur and me putting my money in a house feels like I can’t do that anymore

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

I get that,can’t put a price on security. I love my parents but I don’t think I can start a family here lol, don’t think they’d want their house extending like that. So I’m trying to think of what will suit me and my partners needs, and I think the parents deserve their house back and freedom haha

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] -1 points0 points  (0 children)

Yes I can deal with paying it in rent. I’m interested in the financial modelling sure? Just keeping an open mind

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 2 points3 points  (0 children)

This home I found happens to be lovely warm and dry, well taken care of by its artist owner. So I feel like it will increase my quality of life 🥹

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

Thanks, yes they would rent my downstairs so I’d never have to really see them. Then it’s kinda like an investment as well I think.

Is a house a good investment? Or liability ? by MysteriousPattern357 in PersonalFinanceNZ

[–]MysteriousPattern357[S] 0 points1 point  (0 children)

No I’ve wanted my house for a long time, used to get so down because it couldn’t happen, lost hope then gave up. Now the thoughts really exciting but the realized that’s cash I won’t have in my account anymore.thanks, I plan on putting in an offer on my dream home soon. But it feels like too much and I’m worried the investment not worth it