Hi Benny,

Benny wrote:

Can you think of things that could/should be added? After that, it is a matter of FINDING (or creating) good answers for the thread. What of your early questions need an answer right now?

I have been thinking of investing back home in Ireland as property prices are low and rent is high. At some stage the GFC has to turn around and drive the housing market back up. It would be a Positively geared IP while I wait for the economy to turn around.
Even though I would have a 20% deposit in savings and a gross income of $125,000 last financial year the Irish banks are not really interested in giving me a mortgage because I am living in Australia so maybe I should start looking at the Australian housing market. Im a carpenter by trade and a renovation would be no prob at all but I’m not sure what would be the best way to start my Investment portfolio. Do Positive geared IP exist in Australia right from the purchase date or is it by buying a house that needs work so it can then become a positively geared IP?

Also I would like to get a financial plan in place so I can stay focused on my goals. Should I try do this myself or ask a proven investor or company to help?
What would be your opinion on a good IP to start out with?

Do you have many IP?

Thanks for your help,

Ross

Hi Andrew,

Thanks for your reply. My apologies, I should of wrote ‘Successful Ivestors’.
What are the advantages of renting while buying investment properties?
Im sure if I buy my first property in my own name I could set up a trust after, when I decide to buy an other?
Properties prices in Ireland have crashed over the last few years so I pretty certain that they cannot drop much more. I think it would be a safe bet to say property prices will continue to rise but I could not be certain as Im only speculating.