All Topics / Help Needed! / Looking for a mentor
Hi I’m new to the investing world and desperately need a mentor! I have a pre approval loan of only $220k and have max 50k to invest. Is there anyone out there that can assist?
Hi there
What do you require from a mentor?
There are paid services offered by hundreds of one stop property investing shops – which I’m personally not a big fan of.
The other option is to educate yourself via free resources such as this website, books, etc and surround yourself with excellent professionals (finance person, accountant, solicitor) who will assist in reaching your goals.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks Jamie, I have been looking at Dubbo to invest. All the places in my price range are old and run down . Some advice has been steer clear of old properties . I am limited to properties with my price range . Newer properties are just out of reach !
Hi mudg
Who has imposed the maximum loan on you? Your Bank or yourself.
Us 50k all you wanted to put in or the limit of your savings.
We are just buying a property for a forum member this week which is a newish brick property and we paid 184k for it so good deals are certainly out there
Personally I wouldn’t touch anything but brick as the ongoing maintenance is just too much.
With 50k structured correctly and with the right lender you could buy 2 properties so I would be inclined to spread the risk rather than jump in on a single property.
Cheers
Yours on Finance
Richard Taylor | Australia's leading private lender
Hi Richard,
My maximum borrowing capacity was from my broker, and the 50k is all I have to invest. Could you tell me what area that property was ?
ThanksSounds like you need a better finance broker Mudgecko, and looks like you’ve just done that.
Good luck
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
You must be logged in to reply to this topic. If you don't have an account, you can register here.