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snakey
Member
@snakey
Join Date: 2003
Post Count: 2
September 14, 2003 - 5:34 am
Howdy Posters
Just joined the forum and am reading Steve’s book at the moment and looking forward to purchasing our first +ve cashflow property and are after as much information as possible.
Background is
22 bought a unit in Sydney 2 years ago and am living in it My wife and I just purchased a -ve geared property using the equity in our current apartment.
Looking on the internet for areas to invest in I have found a few properties that meet the basic cost/rent guidelines and am now getting ready to contact agents abit more for areas. Am after any advice that may help find/research towns/districts of potential. Also I am a contractor in the IT industry and from past experience it has been hard to get finance while contracting can someone help or point me in the right direction? I have been employed in the same industry for over 3 years always steadily increasing my income and my wife works full time, any ideas??
Thanks
Ryan
PS Great Forum am looking forward to spending more time here.
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
September 14, 2003 - 5:39 am
Snakey,
If you have been in the same industry for three years as a contractor then you shouldn’t have too much trouble on this account.
If you have a deposit or sufficient equity remaining and your icome is enough then it shouldn’t be too hard.
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.