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I would like to start when I'm 20-21, although I'm not sure if i could get finance without a guarantor as I would still be attending uni studying Commerce and completing a accounting cadetship simultaneously. Most probably 22, starting small and finding a positive cash flow property and then repeating a few times. When I'm more experienced I would like to do developing such as townhouses, units etc but for now I'm just focusing on learning as much as I possibly can and having a good sized deposit.
How old are you? I'm currently 17 and its good to see young people like myself all so motivated about setting themselves up for the future !
To the op, i think it would be good for the next 2-3 yrs to just do as much research as possible, knowledge is power. You will be more confident and additionally have a bigger deposit to use.
Thank you for clarifying.
With you example, wouldn't it be better to just continue to hold it due to the high exit costs and just move on to the next property with the equity made?
Well when buying a property which is negatively geared, i would like to renovate it so i can also manufacture some additional equity into it as well.
Thank you for your assistance, I appreciate it.
Cheers,
Daniel
That's what i mean, the tone here to me seems that you shouldn't negative gear as you're losing money etc but how else would you access those properties with higher potential rates of CG? I'm no where near having an IP strategy, I'm only 17 lol. I just want to get a head start in my investment knowledge for later on.
Would having a range of positively geared properties further to the west of Sydney along with a few negatively geared properties near the CBD be a good strategy? You could say neutrally geared so you could get a balance of positive cash flow whilst still being able to have "potentially" more CG.
How would one have a positive geared property within 10km from the Sydney CBD for example? Don't inner city suburbs offer good growth prospects? Most properties i have looked at on realestate.com for example would be ( not 100% sure) negatively geared. I'm new here, so its a learning process for me.
