Join the debate! Explain what you think the biggest obstacles or challenges are for newbie investors or simply tell us what’s on your mind and you could win a bottle of wine like lucky reader “Francis”.
This week’s winner of best comment belongs to “Francis”, who shared his insights with other Your Investment Property readers through our online forum.
Here’s what he said in response to this article about how first time investors usually fail.
"Very interesting seeing we have all these investment property guru's telling everybody how easy it is and will only cost you $25 a week. Wish it was that easy. As a long time property investor with 10 properties in the family I would say the biggest problem especially for first time investors is under estimating the actual costs per month. What if their is no tenant for a while, extra repairs etc. Never ending. But saying all that property investing is still the best way of the average person getting seriously rich. So go for it but make sure you have plenty of spare money in the budget because you will certainly need it."
Do you have more than $120k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out