Property Now
Can I afford an investment property in NZ? (Use this spreadsheet)
Finding out if you are ready to buy an investment property comes down to 2 things…
If you have enough deposit
If you have enough income.
The banks use LVRs (Loan-to-value ratio) to find out if you have enough deposit…
And to test your income, they use UMI: (Uncommitted monthly income) and DTI: (Debt-to-income) to see if you can service the mortgage.
Related videos in this series
Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013How fast do rents REALLY increase?⎥Ep. 2006
How fast do rents REALLY increase?⎥Ep. 2006