I am interested in getting on the property ladder and buying an investment property. I am single and haven’t owned before. So much information and considerations, where is the best place to start. Mortgage broker, accountant, buyers agent books to read.
Any information a huge help!Thanks
BiancaHi Bianca,
And a big welcome to you – you have come to a good place !! The subject of property investing is huge – as such, reading or learning enough so that you can at least decide which path is for you would be a good start.Your current skills might allow you to buy/reno/sell or buy/reno/hold – but do you want to do renovations at all? Maybe your finances won’t allow it, even if you do have the skills. That is one small example – finding out what options you have, and then choosing which option suits you, is probably one of the earliest things.
Finance is an early one too – no use making plans to do much at all if your finances don’t allow you to, so spend some time reading and meeting others to get an idea of what can work for you. Get to know a Mortgage Broker that seems to “click” with you – they might become a founding member of your “team” into the future. Meanwhile, their words will be guiding you.
Re reading materials, books are good – but also on this site, on the Home Page, is the Training Centre. Check in there for a wealth of knowledge broken into areas – e.g. Finance, Analysing Deals, Buying, Selling etc. Then on the forums, do check out the “Stickies” in each forum. When you read of “meetups” in your area, go to them to meet others who are doing what you want to do.
I hope you find a wealth of information right here that will help you get up and running,
Benny
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