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  • Profile photo of JacquiBJacquiB
    Member
    @jacquib
    Join Date: 2008
    Post Count: 4
    alexbigal wrote:

    "I’m 26 years old, turning 27 on Easter Monday, and I have set myself a goal to be financially independent by my 30th birthday.

    That's me to a T! Except I turn 27 in May.

    Profile photo of JacquiBJacquiB
    Member
    @jacquib
    Join Date: 2008
    Post Count: 4

    You have $160K to invest, or want to buy a property for $160K?

    If I were you, I would use part of the $160K for a deposit on a 2brm inner city unit (or 2!) and rent them out . You would have way better returns doing that instead of pouring all of your money into a one bedroom unit. The rent you receive would eventually pay off the properties, plus you'll keep building up equity.

    Profile photo of JacquiBJacquiB
    Member
    @jacquib
    Join Date: 2008
    Post Count: 4

    Thanks for asking this question, Lizzie. I came here to ask the exact same thing!

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