I recommend you do what you feel is right for you. Are you eligble for the first Home Owners Grant? Once you have your own property then you could start thinkng about investing. Whatever you do, you should think very carefully about what you can and cannot afford. Just remember that if you did have both and had no tenant, you would then have to find both your own mortgage repayment as well as the payment for the IP.
Cheers
Toni

Check Sydney Discussion Group. ATM talking about Gladesvlle Sept 11
cheers
toni

Hi Coreyjay
I dont know of a club in Qld but why not run a thread? I am sure you would get lots of people interested. Good luck and keep up your reading!
Cheers
Toni89

Hi Corey
You can also get a lot of mentoring for free right here on this site. There are some amazing people here and the subjects are so varied. I personally am a number one fan of Dazzling! His advice is always excellent, but there are many others that have really good advice and tips.
You can educate yourself by reading loads of books and keep coming back here and others sites like this.

There are also investor meetings, check out the threads. I know there is one in Melbourne & a new one just started in Sydney. Here is where you will learn from others that have done it! It is also great to be surrounded by people who have the same interests.

Anyway……there’s my thoughts
Cheers
Toni

As has been suggested in other threads, call the RE agents in the town and pretend you are looking to rent. That way you will gain a greater understanding of what the market is really like.
Cheers
Toni[biggrin]

Not if you are in contact with them, organising a repayment plan, (a formal agreement). Sure it’s hard but as Dazzling said, you will probably learn some valuable lessons from it.
By the way Dazzling, your advice is always amazing!

I would call the ATO. I have seen the wrong advice given by accountants. I am educating myself by getting informaton direct from the horses mouth. But one suggestion I can offer is to keep up to date with advice.
Cheers
Toni

I would love it but cant do the 28th. (pre booked app) The food there is great! Thanks Camder.I will pass it on to a few other people tho and come to the next one.
cheers
toni

I would be interested in attending. I am at Merrylands but can travel
Cheers
Toni

Get rid of the friend. He is making money, why should’nt you?
Sounds to me like you are being taken advantage of. You have to remember there are no friends in business.
Cheers
Toni