Hi All,
i wanted some generaL advice regarding my first investment property purchase.
I am currently looking to buy a property, I have $17,000 for a deposit and have also got another $4,000 for associated purchase costs.
I would like the property that i buy to be positive cashflow or positively geared.
I had a consultation with a destiny financial representative and he suggested that with the money that i have i should be looking at properties up to $100,000.
I have already started to do my research in regional areas.
What advice can you give as to the price that I should be looking at spending?
Also destiny financial offer a financial analysis report for $395, is this worth paying money for?
has anybody else paid for this report that can advice me on their experience with this?
Thanks for your help
I suggest you talk to a broker for some free financial guidance.
What does Destiny offer in this report?
Cash flow property with prospects for CG are getting harder and harder to find at that price. Depending on your income you may be able to borrow more.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Simon I currently earn 52,000 a year.
Depending on other debt, rental from the new property etc I expect you will be able to get more.
You really need to chat to a broker.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
