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  • Profile photo of joshkay83joshkay83
    Member
    @joshkay83
    Join Date: 2011
    Post Count: 6
    February 11, 2011 - 7:25 am

    Hi Kent

    We are looking at a deposit of around 25k – 30k and we have a combined income of 90k.

    My gf lives with her dad and im renting with my sister (still very cheap). We are wanting to first purchase an IP with good rental yield (to help with cash flow), then using the equity purchase our PPOR hopefully within 2 years.

    We are both wanting to delve into property renovating as well but not until we have a solid portfolio with a mix of CF+ properties and captial growth properties.

    From there we are wanting to continue with property investing, with the goal of early retirement and security for our children.

    We are looking at something close to where we live (Gold Coast, Qld) but wont rule out interstate or regional areas.

    Thanks for your comments!  Cheers

    Profile photo of joshkay83joshkay83
    Member
    @joshkay83
    Join Date: 2011
    Post Count: 6
    February 7, 2011 - 5:14 am

    Thanks for the feedback guys.

    We at the stage of researching the best strategy for our future goals.

    Building wealth thru property invesment with the goal of retiring early and financial independance.

    We are able to continue our current living arrangments (girlfriend living at home and i am boarding with my sister) for the next few years and by the end of the year purchase our first IP.

    What would be the best strategy for our current situation? Given our cheap living arrangment.

    Cheers

    Profile photo of joshkay83joshkay83
    Member
    @joshkay83
    Join Date: 2011
    Post Count: 6
    January 31, 2011 - 1:18 pm

    Thanks jamie for your post!

    I guess its all about timing and deciding on a strategy. We live on the Gold Coast in Qld but wont rule out investing interstate or regional Qld.

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