The pros and cons of buying an investment property for your children
You’re a parent whose mortgage is close to paid off and, with interest rates so low and a fear that your children will never be able to buy their own homes, you’re thinking that buying an investment property might help them. Martin Hawes, chair of the Summer KiwiSaver investment committee and a former financial adviser, says it’s a very nice sentiment. “What I would say, is that you make sure you put your own oxygen mask on first. You’ve got to make sure your own situation is good before you help the children,” he says. Supplied