Congratulations Jamie! Parenthood is the best thing! I know from my own experience:-) 

Is he giving a million away? He can surely send it my way lol

You will need building insurance, pest inspection, landlord insurance. Google around to find the insurance that is highly recommended. 

Honestly did not hear about that. Neutral property investment does not sound very smart to me. I might be wrong so. I would appreciate more info about it. 

If you stay away from home most of them time, I would probably start PI first. But you need to decide for yourself-what is the most important thing for you now: have your own house or start building your PI portfolio. Either way good luck to you!

Carpentry is a good skill to have, but it is not necessary for property development. Read books on PI, find a good mentor to help you out, read forums and research before you buy any property. PI is a risky business. You can make a lot of money from it, but you can loses everything fast as well. God luck!

I think it is an advantage. I personally lived close to a police station in my early 20ies and I felt safer. I think if your property is in a nice neighborhood, being close ot the police station should attract good tenants. 

It can be a good option. I have never done it myself and I am not that experience in it, but some of my friends did rent to own PI and were happy about it. The posts above are the great source of information and I am sure will help you out. Just do a research and you will see immediately if it is a good option for you or not. 

I would recommend you to get a job in Real Estate Market. I have been in school for a long time, but I got real knowledge and experience when I started working. Good luck! I also know that companies prefer experience over education as well. 

What's wrong? When I feel low I listen to my favorite music. It really helps me to get into a right mood to keep going. Let us know if we can help with anything. 

I agree with previous responses. Check forums. It is the best mentor for you. Please do not pay money for any mentorship programs. Mostly it is just a waste of money and might get you into a debt.

I would go with Granville since it has the easiest commute with Sydney. But one questions: Why did you decide to invest in apartments? Why not go with a house?

If they are really struggling financially, I would drop rent by 40-50 $. But it is up to you. May be talk to PI Manager if you have one to see what she/he thinks. Also analyze these tenants' probability to stay in your house after their lease expires. 

Good job on saving so much money at your age. I recommend you not to invest all money in one property and just use these money to invest in multiple properties. 

Google around, see what insurance companies people recommend. I always do online research before I use any company's services. 

You should be able to keep their deposit. Check out your contract. I hope everything works out the best for you. 

It all depends in my opinion. Some investors can have few deals and make a lot of money from it, some might have a lot of deals, but not real profit. I prefer smart property investing over the active one.

Thank you for the interesting post. I prefer Texas property. I agree Texas tough laws, but economy is much better in TX. I was just checking out TX and saw increase  number of people buying houses in TX. 

You need to ask a plumber who fixed it for a reason of it being blocked. If it got blocked because something intentionally or accidently was dropped to a toilet, then a tenant is responsible for a bill, if not -then you, as a landlord should pay it. Tenants pay you rent every month and you are responsible for any repairs which did not occur due to…[Read more]

Hahaha I agree with imsrachel. Once you have kids, you will never have a break even with a passive income, unless you do not plan to have kids in the future. But good luck with your plan to work less and enjoy your free time more!