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  • Profile photo of thanh90thanh90
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    @thanh90
    Join Date: 2012
    Post Count: 5
    September 13, 2012 - 2:17 am

    Thanks everyone for your help, I guess im just rushing into things like I always do..

    Yes I will take this year to educate myself so i can minimize any potential mistakes.

    Thanks again everyone

    Profile photo of thanh90thanh90
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    @thanh90
    Join Date: 2012
    Post Count: 5
    August 30, 2012 - 6:07 am

    Thanks so much Dereck, After reading your post I am vulnerable and would probably bought a property without doing research.

    I will do my research and talk to a broker about my borrowing power and I would take your advice "If you want to buy in Perth and use rental income for retirement then you will need to wait a while, build your portfolio and/or pay down debt to realize this goal."

    But in saying this, (this is most probably a stupid question) but what is a portfolio and acquisitions?

    But with this plan to work, that would mean i would have to pay off the mortgage before retiring and using the rent as an income right? so i would have to be patient and expect 20-30 years to pay the mortgages for this plan to be effective

    Profile photo of thanh90thanh90
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    @thanh90
    Join Date: 2012
    Post Count: 5
    August 30, 2012 - 4:09 am

    Thanks for the tip Jamie.

    But would you know any good suburbs I can look at for investment for about 200-400k?

    Profile photo of thanh90thanh90
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    @thanh90
    Join Date: 2012
    Post Count: 5
    August 30, 2012 - 12:47 am

    Hey Pat,

    I was just wondering if you have found any good areas in Perth to invest yet? I am also interested in investing in Perth and a Newbie at this. So i was wondering if you could give me a few good tips on areas to invest in Perth that will have a good turn around. ($200-$400 G max)

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