Forum Replies Created
Hi Mel
Wow, what a coincidence. I co-founded a property group (http://www.propertyknowledge.com.au), which aims to assist young professionals to invest in property.
I am a property investor that started at a young age (19) and have learnt a lot along the way.
I would welcome the opportunity to talk to you about any potential opportunities in working together.
Hey wdemirdonder
Mate well done for thinking ahead. I was 19 when I first invested in property and I can tell you that since then I have matured a lot quicker than my friends and as a property investor.
My suggestions would probably be fairly similar to the majority of members who posted here, but in a nutshell I'd recommend:
1. You keep saving for at least another year or so;
2. Meanwhile keep reading any media related to property, particularly around where to invest now, where the market is heading and why, so as to position yourself;
3. Seek ways to obtain finance, perhaps through your parents as a guarantee. However I strongly make the point that banks need to ensure that you are capable of making repayments. If you feel this may not be possible immediately then I'd suggest staying low for awhile as you do not want to start your young career with a bleep on your credit history;
4. Attend property seminars to network with like-minded individuals, who will motivate you and assist you in achieving your property aspirations. I am part of a network called PKG, which has boosted my knowledge and network in the property game ten-fold. Refer to my earlier posts if you're keen to attend the next seminar in Sydney which is on the 30th April 2008 at 6:30pm.
Hope that helps mate.
Team
Apologies the post didn't come out right. Let's try that again. Seriously though great seminars. The members that attended these 6 months ago, just keep coming back. Really good network, and best of all, no selling.
***********************************************************
TeamDo we have an exciting seminar for you!! We are extremely pleased to announce that our next speaker will be none other than the very popular and insightful Ajay Valanju, of Location 2065.
Ajay will be briefing us on:
· his career as a property investor;
· key lessons learnt; and
· experiences he gained that will prove very useful to all members.
This seminar is a must!! To say Ajay has extensive experience in property investing would be an understatement! His proven tactics over the years have resulted in a property portfolio that people dream of, and he will be discussing the very path that brought him to where he is today.
Seminar details
Date: Wednesday, 30 April 2008
Time: 6:30 pm – 8 pm
Location: Indoor Bowls room, the City Tattersalls Club, 198 – 204 Pitt Street, Sydney
Seats are strictly limited.
To reserve your place, send an email with your name and
contact number to seminar@propertykno wledge.com. au before 28 April 2008
We hope we will see you all on the 30 April 2008, a seminar that promises to be an immense benefit to your property investing aspirations!
I think that's a pretty sweet deal, as houses in the area usually retail for $330-340k on average. Plus, I believe Seven Hills may grow off the back of strong corporate demand from the Norwest Business Park.
Hi bek
I had an experience purchasing a property located in a country town, Parkes, which is an established town close to Orange, NSW. I found that financiers were fairly hesitant to lend me over 75% of the purchase price, even though the building was positively geared, on the main road and a solid rental history. That being said, Parkes is not a large country town; as financiers will be more leniant on larger country towns that exceed a certain threshold.
Given the increased riskiness of country towns, I'd suggest assessing the region economically and historically as well as speaking with the locals about the property and the reputation of the area. The latter saved me $400k, as I was going to buy a block of flats in what was considered the suburb's most dangerous street. And I only found this out by speaking to the employees at the information centre.
Hope this helps.
Regards
