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  • Profile photo of RinoaRinoa
    Participant
    @rinoa
    Join Date: 2014
    Post Count: 4
    April 24, 2014 - 10:36 pm

    Thank you for the advice L_S.

    The advice given by all so far has pulled my head back in. After reading Steve’s book, I got over enthusiastic.

    At the moment, my strategy is to stay in my PPOR for a year due to the fact that I got first home buyers grant and work subsidises some of my mortgage (provided that I stay in it for at least a year).  During this time, I will save up and continually research the areas I am interested in. Once my year is up, I will turn my PPOR into an IP and hopefully by then I will be in a position to get IP #2.

     

    Profile photo of RinoaRinoa
    Participant
    @rinoa
    Join Date: 2014
    Post Count: 4
    April 19, 2014 - 7:44 am

    Thank you for your input Jamie.

    I’m glad that you mentioned property investing is not a race as I always thought it was.  Properties around here are being snapped up rather quickly, which gave me the illusion I had to get in quick or miss out.

     

     

     

    Profile photo of RinoaRinoa
    Participant
    @rinoa
    Join Date: 2014
    Post Count: 4
    April 19, 2014 - 2:00 am

    Richard thank you for your response.  That was rather quick!

    In your opinion, would it be ideal to use a guarantor to secure a loan for investment properties?

     

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