Hey there Eddie,

2 questions (1) how much deposit do you have to start with right now & (2) why are you picking Sydney…..do you not consider it an expensive market to invest in. My point is, I feel you will tie up alot of funds to secure your first property and see little capital gains for some time therefore possibly not allowing you to invest again as soon as you'd like. The wrong start could greatly hinder your ambition to retire at 30. What do you think?

Hi,

Sounds a bit like me a few years ago. We had one investment which was going great and we had $180,000 debt on our own home but were struggling to get into our next investment property. The banks were no help and said we needed to reduce our home loan or earn more money. Then a work colleague of mine suggested that I speak to his guy that he was using.
So one evening this guy turned up and sat down and just listened to me and listened to what my wife and I wanted. Then in plain English simple terms (ie. no financial jargon) told me exactly what I needed to do and how to do it. 12 months later we have paid our personal debt down to $45,000, we have 2 investment properties and are currently in the process of securing another one. That evening was the best couple of hours I spent with anyone in the property/finance business. You have to talk to the right people and get the right advice.