HI AJ,

300,000k is a huge cash. I don't think many people start with they property investing journey with this huge cash which i think you are in the very good position to start to learn.

if i was you, I won't get into debt too quickly.  even is a house loan.

buy the house upright with your cash.

1) you don't have debt, all the net rental income after paying rates and fees is yours, ( positive cashflow for sure !!)

2) you get a bit of taste of what "property investing" is like, you will be potentially facing tenant issue, difficult agent issue, maintenance issue, possible rent behind issue …… all sort of problems which property investor have to deal with

3)you buy upright you, means you get into the market. so in the future you have higher income and you guys married also after experienc some the tenant issue, agent issue, maintenance………. then you can start to using the first IP to leverage to 2 or 3 IP.
so at that time you start to face finance issue, such us interest rate, fixed vs variable, line of credit………

in this way, you don't go straight to face all the property invesitng "problem" in one go, instead you break it down one bit at the time. often you see people screw up big time because they have to deal with finance, tenants, agents, trade people, builder, council, architect, townplanner, interest rate, accountant, solicitor…….but they couldn't even handle just one thing properly ……..

Hence, my sugguestion is get a property upright to get into the market. ( you will learnt area research, data gathering, dealing with agents, accountant, solicitor……..)  leave the finance and other thing for later.

of course, you can look for other professional to help, but whether you can find them and also comfort to use them is another story !

I may sound very stupid, but play small start with is the safer way to make huge money in long run, especially you have never purchase any property before.

Good luck for your property investing journey : )

hi Dan42, I am based in  Sydney

be honest with you, I am a porfolio accountant, I see so many so called qaulified tax accountant with no idea what they are doing !! and they holding CPA or CA qualifcation !!

I didn't further my study to become CPA or CA after study accounting degree in university; however, I can tell straight away what my tax accountants did for me. Many times I spotted error in the tax return they've done for me.  Hence, i changed tax accountant for 3 times already.

from my personally property investing journey, I think i've learnt so many things which many of the CPA/CA qualified don't know !!

I am not the expert in property tax field. However, I am a property investor.

I think a savvy propert investor, should prepare to face up the challenage to employe the "right" type of expert in their team. ( no just the qualification which just do the time and pass the exams)

I agree the above, but it is very hard to find a great accountant in property field !

I changed my tax accountant 3 times already !

either they don't know what they are doing ! ( be warned many qualified accountant out there has no idea what they are doing except charging excessive fee) or they just don't have expertise in property field.

any recommendation for a great accountant really understand property and geuniely wants assist investors profolio and money position.

Taylor