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I have also been thinking of using partners to buy a property. What is a unit trust structure?. Is it where each partner own x number of units of value in the trust?
Perhaps you have to make a choice between full time uni and part time work or full time work and part time uni. Stating out in investing has it’s costs. You need to get an asset/ capital base to start with. You need to live within your income and control your spending. The question really is do you want to be an investor enough to pay the price, whatever that price may be. It might be full time work and part time study now, it will no doubt be “I can spend my money on that item because I need it to invest”. These are all choices I had to make. I purchased my first home in partnership with my brother at 18 years of age.
I have not been posting on this forum for very long but it seems to me that you have all the mentors you could need or want right here. In the end, as with everything in life it is up to you to make that decision to be successful. The rewards that you can gain will have a cost to you, in the way you live your life and the way you have to learn to think. All the best
I would buy in Ipswich simply because it’s where the growth is supposed to happen in the future
Everyone I have known who was going to sell their house privately eventually went to an agent. I have seen houses sit for ever and not be sold. The market is slowing I think you should use the people that people go to when they want to buy a house.
Why not approach the vendor yourself. If the vendor does not live in the house go to the local council and for a fee you can get their address and present your offer.
Try the trading post. I have found it very useful over the years. trading post has a web page, need to get in quick for the decent kitchen. Kitchens today are really just white boxes screwed together and a bench top placed on top so don’t get to cocerned about the shape of the kitchen as the boxes can be separated and a new bench top made to order. My husband and I do it all the time and have put in a new /second hand kitchen for $600.
I am looking foreward to a correction in the market. I hope that the papers cotinue to tell everyone to stay away for real estate. More for me. I have seen three down turns and while everyone else is telling me how stupid I am staying in real estate I collect good properties. Bring on the doom
Can’t see myself paying $1000’s to attend a seminar,however, I did attend the Mastr Class in Brisbane and found it useful. Also you can not discount the value of networking.
I have found that the logon to the State Government and Local Government web pages can be a good place to start.
I think you should look at the market in this area. Ask what price have similar unit sold for. Make an offer based on the information the market gives you. If you do not want to do this then just remember that you can always increase the price you first offered
My understanding is that until the property/land generates an income you can not claim any costs associated with holding the land eg. rates, interest costs, lawn mowing etc. can not be claimed. Talk with your accountant and until you get a definate answer keep records of your expences
I would suggest that you look in reginal areas and try to do something creative with the property to increase the rent return.
A good accountant who understands the mind of an property invester is worth their weight in gold. I have not found one in Brisbane
The suburbs you listed in Brisbane to stay away from are, in my opinon good suburbs to look at for investment properties. One persons trash is another persons treasure. Look at the returns on the deal .
