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1st investment property i need help

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E | 08 Sep 2013, 06:12 PM Agree 0
Hello im 22 years old and am wanting to buy my first investment property. I currently own a house outright and have for the past 12 years. This house has trippled in price over those 12 years and ive been told i can get a loan with the equity. I am currently living in wa but have lived in victoria my whole life. I am unsure of where to begin and what people i need to start to talk to so i can look at getting started. I have a little savings too. Please help me

  • Jason | 16 Sep 2013, 09:33 PM Agree 0
    You bought the house when you were 10yrs old..?
  • Vic | 17 Sep 2013, 03:35 PM Agree 0
    What type of investment property are you looking for? Our company has a team of specialists Australia wide, helping people invest safely. Each person is different to what they want out of an investment property, we would be more than happy to have a chat to you.
  • Vic | 17 Sep 2013, 03:36 PM Agree 0
    What type of investment property are you looking for? Our company has a team of specialists Australia wide, helping people invest safely. Each person is different to what they want out of an investment property, we would be more than happy to have a chat to you.
  • E | 21 Sep 2013, 05:59 PM Agree 0
    I bought the house when i was 9 yes, out of inheritence money.
    Im unsure of what sort of investment property, i know i just want to start to set myself up for the future. Im not too concerned about making money straught away i just want to know that i will have money for the future. I would appreciate the time if you could talk with me. Thanks
  • Jessica | 27 Sep 2013, 12:59 AM Agree 0
    I should think that if you were able to buy a house at the age of 9 with inheritance money, you do not need to worry about having "money for the future". The majority of people your age can never hope to own a house, but thanks to luck, you already have one that is worth a lot more than what you paid for it! Use your money to enjoy your life - travel, give money to charity, live.
  • Dr. Francis Malane | 27 Sep 2013, 11:15 AM Agree 0
    Why not look at purchasing a nice apartment in Melbourne (I am presuming that is where you live with your parents) which you can rent out and maybe in the future use as your own residence. Meanwhile the rent from your current investment along with the rent from your tenant should just about cover the mortgage. That way you can live at home until you are ready and by then have an apartment which you can move into which hopefully has doubled in value just like your first investment has. Good luck with your investing, you have made a great start.
  • R | 29 Sep 2013, 11:37 AM Agree 0
    Jessica, 'thanks to luck' isn't very nice. You don't know the circumstances so make a comment like that. Hope you get the advise you need E.
  • Mark Coburn | 29 Sep 2013, 03:52 PM Agree 0
    Hi E,
    I don't know what Jessica is talking about. If you don't keep your wealth growing, time with the help of inflation will do the devils work on it for you. One house paid off does not signal "Lets start spending" time. To be well off in Australia you will need at least 3 investment properties + a PPoR and have held them for at least one property cycle(<>10 years). The resulting wealth will put you into the top 1% in Australia. The beauty of 3 + 1 is you end up with an income that is effectively indexed to CPI, as the rents grow and the investment debt as a percentage of asset value decreases. Stepping Stone works as buyer's agent for clients all over the country and overseas. Because we work for you and not the seller you get the advice that really need to make the right decisions without vested interests putting their hands in your wallet. Regards Mark Coburn 0405 243 547
  • Peter | 01 Oct 2013, 02:08 PM Agree 0
    Mark whats a PPoR??
  • Pauline | 01 Oct 2013, 03:48 PM Agree 0
    Hi E my advice to you is to self educate for 12 months on all things property.You could enrol in a reputable course eg destiny, results mentoring. Do this before you do anything else and then make a decision of your own. Don't give up your decision making to someone else, do it yourself. Even if you make a mistake you will learn .Start reading magazines, books, a very good podcast to start listening to is everyday property investor. You will find it on iTunes. Start from the beginning and listen to them whenever in you car, you will learn heaps. That's how l started out, listening to these podcasts . If you like you can email me on and l don't mind having a chat
  • Hope | 01 Oct 2013, 04:02 PM Agree 0
    Hi Mark.
    PPoR is Primary Place of Residence, so the home you live in as opposed to your Investment Property or IP. Hope this helps :-)
  • Laurence | 01 Nov 2013, 10:18 AM Agree 0
    Hi E,
    There is a great deal of information available out there some good, some not so good and some down right awful. One of the things that you need to be aware of is the term "paralysis by analysis"! This means gather so much information that you don't know what to do so you do nothing.
    There are a number of variables to consider when buying investment property with the most important being what you want to achieve, remember no matter what people try to push you into this is YOUR future!

  • Ron | 11 Nov 2013, 12:52 PM Agree 0
    Hi E,
    It is great to see young people like yourself ready to start the portfolio and secure the income for future. As to your query : In order to start, you have to consider a few things:
    1. Finance - Speak to the bank or broker to find out the borrowing capacity, so you know the range.
    2. Tax - Speak to your accountant to find out the tax benefits based on your current situation and structure your portfolio.
    3. Property Expert - Speak to an expert and verify the information you receive from experts.

    The easiest way to find out about the information of where to start from :
    Read news, magazines, and blogs. They are sometimes deceiving, but to be secure
    you speak to the expert. You get much more information in the shortest span of time and it is all verified.
    As to myself, I can provide you with information of where to look for, what information to gather
    and equip you with tools to make an informed decision. I am a property strategist, work with a global brand, specialise in Strategic property Investment and can help in starting out the portfolio.
  • Tom | 16 Jun 2014, 05:59 PM Agree 0
    Hi E,

    Getting educated on property investing is a good start. Blogs such as this can also be beneficial and some of the responses above are quite good. On top of getting educated on property investing I would consider the following:

    1. Find a good mortgage broker
    2. Have a good wealth accountant (your mortgage broker may be able to recommend one)
    3. Consider using a buyers advocate to find you an IP.

    We can discuss further if you like. I'm a property investor but I don't work in the property sector. I could provide you with some insights that I have had over the years and even recommend people that may be able to advise you further.

    All the best,
  • Harry Austin | 25 Jun 2014, 03:44 PM Agree 0
    You should contact an expert about it as he would tell you more briefly about it and will help you to get a solution about your problem. [edit/ad]
  • alastair602 | 02 Jul 2014, 06:57 PM Agree 0
    Yeah i can help you you can check over various real estates firms, check over internet.
  • Roy Halim | 09 Jul 2014, 02:49 PM Agree 0
    Hi E,

    If you like to invest, I would suggest you start in Brisbane inner CBD. Currently, Brisbane has one of the highest rental yeild and also the lowest vacany rate in Australia. Also, with current and future major infrastructure developments, Brisbane is an attractive city to invest in.

    If you need any assistance, in regard to investing in property, please feel free to contact me (0430 460 385).

    Roy Halim
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