Hi everyone, I am all new to this, so fogive me if I am in the wrong area!!! I have read Steve’s book and I understand the different ways of buying property, but I am stuck to how I can get started. I have my own property, will a mortgage and some money saved which can initially buy me about 2-3 IP. I am in a real fluster at the moment as my job is on the line[
]. I want to stop working in 2 years and start a family. Can anyone tell me of there first experience. HELP!!Hi Phoebe – welcome to the forum [
]As a broker my primary focus is not getting clients in over their heads, particularly if they are new to property investing. If your job is on the line and you are not certain if/when/how you’ll replace the income to maintain your standard of living and keep paying your current debts, then I’d be hesitant to recommend taking on any more loans at the moment unless they are really strong deals that put more back into your pocket than they take out. There are other options like renting out your PPOR and renting yourself. Are you the sole borrower for yor current property?
There are people like Insider and Junior who quite rightly haven’t let lack of income hold them down, so of course it can be done, just need to do lots of learning and searching first.
Good luck!! Determination is half the battle won.
[
]
Mel
[email protected]
]. I want to stop working in 2 years and start a family. Can anyone tell me of there first experience. HELP!!
]The topic ‘Getting Started’ is closed to new replies.
