asou wrote:

Shall I even bother buying the course because I don’t even have this much money to begin with? After paying for the course, I probably don’t even have much in my bank account. How much in capital do I need to have before doing this course? I don’t want to end up buying the course and then realise I don’t even have enough money to buy a property to do a reno at the end.

Thanks for your questions @asou. You have two training options: Course + Mentoring for about $10k or Course only for about $5k. If you are ready to start investing soon and will still have deposit money after spending $10k for the training, I’d say that course is right for you. If you will not have deposit money for 12 months or more, I’d say go with the Course only.

Your required capital depends on where you will be investing. If money is your primary constraint, I’d probably being steering you away from Sydney to less expensive markets.

Get in touch with me if you have more questions. Happy to catch up over the phone for a complementary mentoring session and to discuss whether the timing is right for you.

To all of our mortgage brokers in the forum, thanks for your first-hand updates. It’s very helpful for the broader PI.com community.

DeanCollins wrote:

Interesting that the RBA dropped interest rates 0.25% today…….but the $A went up instead of down like it is supposed to.

Not sure what it means yet apart from…

Interesting indeed @deancollins. The reason is because Glenn Stevens left the impression that there would be no more rate reductions by removing an easing bias from his statement Tuesday. I reckon he was showing caution to get a desired currency response without fueling more property speculation long term. But stay tuned for tomorrow’s statement. In light of the financial market’s snubbing, they are likely to reintroduce easing bias language in their economic outlook. That will likely cause an Aussie dollar sell off.

Here’s some inspiration for you @steven-b :-)

https://www.propertyinvesting.com/how-a-young-property-developer-is-making-hundreds-of-thousands-in-profits/

Here’s the link if anyone wants to have a look: https://dsrdata.com.au/blog/2015/2015-04-population-growth-myth

I think he misses the key issue on population growth which is the outlook of our immigration policy. We’ll need to keep our borders open to skilled workers to boost the population so we have enough tax payers to cover welfare costs of our aging population.

That’s definitely a concern @deancollins. Rates will eventually revert to their historical mean. Once we hit the bottom, whenever that is, we will have attracted more and more speculators into the market which will make the inevitable pull back all the more painful. This is why I think the Austrian economists were onto something. Like @charliex hinted at, the more government intervenes, the less supply and demand can naturally weed out inefficiencies.

I wouldn’t be the least bit surprised if we hit 1.5%. It seems easing is all the rage with the central banks of the world today. And considering the time Glenn Stevens spent under the tutelage of the Federal Reserve Bank of San Francisco, we might even see their .25%.

Hi @gabmar.

Check out these two posts as they might be able to point you in the right direction:

https://www.propertyinvesting.com/buying-investment-property-part-1/

https://www.propertyinvesting.com/buy-properties-in-australia/

All the best.

Jason

We’ve just published a brief article on PropertyInvesting.com called “Build a Granny Flat to Boost Your Property’s Cash Flow”. Please take a moment to check it out and leave a comment to share your thoughts. Cheers!

https://www.propertyinvesting.com/granny-flat.