Study the Nathan Birch model,

one of the best examples I have ever seen.

the model is simple (in theory)

1. buy under market value
2. make sure the ROI and rental return are over 8%
3. for the first property make sure there is the ability to value add to build equity to purchase more properties (e.g. add rooms, reno, etc)
4. go to bank to refinance/access equity
5. rinse and repeat

there will be more boats.

the moral of the story is buy a problem sell a solution

Around Australia, do researchs with bank / repossesion etc
call agencies and leave your info etc. chase up owners selling before the bank does

Sorry to be confusing, I went and relooked at the legislation and thought there may be a legal loop hole but turns out in your case it would be illegal. Sorry and hope I didnt cause any confusion, In certain cases each person can get it, for e.g. if you were not living in the same dwelling/legally married in this country.

Thank you Corey for the clarity for Myself and Valluvan

Valluvan in regards to what to do with your money and moving forward, I think an end goal and dream is the best starting point, look at where you want to be and then work out the right path to it.

there are a lot of different options and many have different benefits, but finding the right path that suits your lifestlye and desires is something that will take a bit of time, effort and calculation.

All the best on your journey and any questions I am happy to answer or look up if I dont know

900sqm, researched literally all of australia, studied suburbs when I found properties that stood out, I looked at the SQM area reports, I spoke with the agents and got info, I research every aspect of the property prior to purchase, recent sales etc, I found it for sale by owner on gumtree.

mate the property I bought is in vic, the address is 42 william street, cohuna (vic)

So I study realestate.com, Gumtree and apart from what I am planning to do next once I get to the point ready for it, contact real estate firms in each state and have my criteria and tell them to notfiy me.

the main thing I did is put 30 offers out in a week, I had numerous agents and had no commitment to any.

I also almost bought a house on gold coast but wasnt at the right ROI.

Mate you do raise a good point in your post, this is a really long conversation (typing wise) feel free to txt or call 0431376130.
free tomrrow afternoon-friday so just txt first and we can chat and cover in 10 mins what would take a long long time typing

Valluvan, If its only in your name you get the FHOG/NO STAMP
your wifes name for second PPOR then same applies if she has never owned the first PPOR.

Kind regards

Jaxon Avery

population growth will be liekly large in that area over the next 10 years, sunshine coast has a stack of money, the gold coast has more getting pumped into it.

more importantly, buy undervalued with a 7-15% ROI, and positibe cash flow.

brisbane prices are likely to rise after this apartment overload that just happened. (providing not to many large investors keep oversuppling

how did he contradict himself? can I see links? I am curious now.

Well, I would say unless you are already well ahead of the ballpark in various aspects 5 years is a strech in most circumstances, but maybe your rolling in cash, good job, low yearly expenses.

would never say it cant happen. but I would just say be open that it may not ban out that way.

and to be fair, Nathan caught a wind that was outright his control that went his way and gave him a massive boost. not to discredit him in any way.

Benny and Cameron I got a property going through settlement atm that is a 10.3% return. (Regular IP)

also I only had to put $25k into it including expenses. also this isnt a seminar trying to sell you anything this is me who is doing this in their own life.

you want to have 40% put downs for commerical, dont start out in commercial unless your well educated or running a business, tenants are hard to come by in certain cases, the returns are far better than 9% but also there can be years without rent.

Cam. I am going to guess you havnt built a couple mil as an asset base, Dont focus on commerical unless you have someone whos well versed, or you become incredibly knowledgable. or understnad the area and a million other aspects.

Read books, study these forums, study nathan birch, read steves 0-135 book, then do it all again over and over till you know everything in and out. get to a point where you understand the who what when where and why and the risks.

Investor if you do half of what you stated above you will be highly informed in 6 months mate.
a book a day, I would love to hear if you do this.

So I think ontop of all this, study Nathan Birch, he is one of the best models of how to get ahead through real estate I have ever seen. his Model outshines anyone who will comment on hear, now in saying this we are all human and do make mistakes.

In regards to what you didnt understand, Warren buffet does not invest in something he cant see value in, I think this is the smartest rule to have. understand the who what when where why and how, then worst and best case etc. this will arm you for your future. also I personally believe the stuff the books say is half good half turd, so dont trust anyone or anything 100%

Also I dont overly believe in even visting properties, I mean if numbers add up, you understand the market and have appraisals done from good real estate firms and insurances and banks that valuate above purhcase price, who cares if you like the look of it (yes do your due dilligence, pest building etc)

Simple answer; if you do that research well, your going to have a moutain of knowledge