Forum Replies Created
Hi DHCP,
Great advice, thank you. I will make sure we get a copy of those books.
I note you say about education and mentors – do you recommend any courses etc or basically books and speaking to property managers etc? Happy to educate ourselves, just not quite sure where to start!
We have a great mortgage broker so will talk to them about finance etc.
Does anyone know a good tax accountant in Easter Suburbs Sydney for property investors?
Jonesi, yes if it were a perfect well we could do both – just need an extra couple of thousand $$$s to put that strategy into place! I know sitting back doing nothing is not the right way ahead but then everyone also says "research research research" first!!! So….have to start somewhere!
Thanks for you help again everyone.
Hi Jamie,
Thanks so much for your help – ive sent you an email!
So grateful for all advice on forums like this!
The garden is part of the unit. It is not maintained by strata.
I will need to check your points re strata. I presume this will be in the strata reports I can get online.
There is a pool in the complex, no lifts, no concierge.
My concern I guess is that as these types of large strata places are typically not favoured by investors, will we expect to see capital growth?
Thanks Jamie. The mortgage brokers I’ve dealt with so far have only given advice on features of different loan products available, not investment strategies or where to start! So if anyone is able to assist with recommendation of a good one in Sydney eastern suburbs area it would be greatly appreciatedd
Xdrew yes your comments make sense, thanks for your logic in my mess of confusion!
Sue, would love a recommendation for a broker. Sorry if I’m naive but do you mean a mortgage broker or more of a property advisor?
Hi Duckster, we have savings and the equity in our parent's house up to $300k to use as a deposit.
Xdrew, thanks for your comments. If we go with Option 1, we were planning on then purchasing a second property within a year. I understand your point on negative gearing though so you believe we'd be better to increase to $400k or $500k?
In regards to Option 2, there is no way we could buy a unit/house in Sydney in the suburbs we want to live for less than $500k. My parents have agreed to go halves in the mortgage repayments with us so this would allow for saving of excess funds to purchase an investment property. We also need to retain some savings as cash as we plan to start a family within 2 years which means the $96k salary will be unavailable during maternity leave.
It is all very confusing to know what to do. We dont mind being a little conservative as a starting point but also want to see some growth in future.
