Well said Anthony

Don't get me wrong, I never stated that Australian properties are going to crash

I just stumbled upon this article and thought it was quite interesting and worth sharing

And yes, I agree with you about the Australian Economy (and dollar) being much stronger than that the US, and that Australian properties are more likely to stagnate during the next few years

Thanks for sharing that with us

I think fear is in the eye of the beholder

For instance a stock broker may say that properties are risky but will say otherwise about stocks

As you previously mentioned the best way of overcoming fear is becoming educated, and doing your due diligence

Hello Saybalebay,

Welcome to the forums

To answer your question, 'Yes' I think it is possible to invest in properties with $300,000 cash, but that it might be difficult to get additional funding from banks without a reliable source of income.

• How much income would you like to generate?

Most residential properties these days yield around 5% i.e. $15,000 per annum on a $300,000 property

If you want higher yield of +10% ($30,000 p.a.) you might have to consider alternative investments such as Commercial properties

Hope that helps!

Kong

Well summarised 

One thing to becareful about though, is how it will affect your borrowing ability for other investment properties

First of all, welcome to the forums!

Saving $50,000 whilst you were still at university is quite an achievement!

What should you do with that money?

Well that's a good question, but it really depends on you

• What are your goals?
• What time frame are you looking at to achieve this goal?
• And Why?

There are plenty of ways to make money, whether it be in properties, shares, commodities or businesses, but what is vital is that you do your due diligence, and educate yourself in your investments

If you would like to invest in properties, what strategy will you be looking at?

• Capital Growth?
• Quick Cash/Renovation?
• Cashflow?

Some good points there

Just attended a Rich Dad Event, and one of the thing Robert goes through during the breakout session is the need to deal with the 'Past' and 'Present' in order to be able to predict the 'future'

The other breakout session by Monica about "Secrets of overcoming obstacles and taking action" also deals with the past, present, and future

1. Where do you want to be? If you know you couldn't fail what would you do? What would your life look like in 5 years time? How much passive income do you need? What would you do with your free time? Where will you be living? What will your family look like? What will your social life look like? Who will you spend time with? What are your aspirations? What is your ideal time frame?
2. Where are you now? What is your financial life like right now? You professional life? Your family? Are your relationships what you want them to be? Are you spending your time the way you want to, and with whom you want to? What are your current skill sets? How about your current habits? Do you have all the knowledge you need to have to do the things you want to do? What is your social life like?
3. What has held you back? What has kept you from taking action?
4. Answers/Steps/Solutions/Plan – based on knowledge + application + accountability + motivation over time
5. Your Why – a personal why that will you make you do what you thought you couldn't do

For those interested in reviewing the replay of the Rich Dad Los Angeles Event:

https://www.richdadworld.com/online_events.html

First of all, congratulations on your investment!

Location is the most important factor for Capital Growth, and Sydney has been one of the prime areas of growth in Australia for the past decade

What you decide to do now with your property now really depends on what your goals are, and what time frame you are looking at

Personally I would invest where my return is greatest

I agree about it being difficult to borrow money if you don't have any assets or income to borrow against, but what are your thoughts about investing in commercial properties via an LLC? I remember reading somewhere that the borrowing for commercial properties is based on the asset and its income itself, rather than your personal assets/income.

Thanks DWolfe!

If you want something bad enough, I think you will find a way

Most people however are too comfortable where they are, and can't be bothered changing

The best tip I can offer, is to think about the BENEFITS of achieving your goals, so that the small menial things don't matter

As the the $90k thing, it's called 'Fractional Reserve Banking'. If you have 100% fractional reserve requirement then the bank can only lend out money they have, but if you have 10% fractional reserve requirements they can create money out of thin air and lend it out with interest. Not a bad business to be in, ey?