Property investment

 

PHOTO: JOHN SELKIRK/STUFF Even retail boss Rod Duke is buoyed by a significant property portfolio.

Property investment is probably the closest anyone can get to a legitimate “get rich quick” scheme.

It’s generally not all that quick to begin with, but once the returns start rolling, investors increase their net worth at speed.

Success often goes something like this: You save a deposit to buy an investment property (or use the equity in your own home). You ride the wave as property values rise and give you more equity, or you renovate and add value to the place yourself.

You then use the equity in that property to buy another, then possibly another.

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