All Topics / General Property / Can you help me out

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  • Profile photo of eddie01eddie01
    Member
    @eddie01
    Join Date: 2008
    Post Count: 7

    Hi All,

    This site is very intersting, since researching there is so many ways to get into property.

    I have just turned 21 and landed a good job which should be seeing me achieve 75 – 95K min first year and then up from there.

    I am very keen to get into proeprty, I have put my self through business college and workign full time, and possibly doing Uni correspondence.

    My question is do I pay off my personal loan approx 15k asap save like mad then get an investment or do I get my own place live in, build up equity then get another property. If I bought a place I would buy a apartment as I would want less work to do.

    I would one day like to do this on a full time job. What are people thoughts.

    If someone has a really simple plan I would love to read it. I am finding simple savings, simple invesments seem to be a winner.

    In brief my options are

    a) Purchase my own place live in it, let it grow then get another one?
    b) Purchase Investment Property first, let that grow to get my own place?
    c) go halfs with my parents for a investment property?

    Cheers
    Ed

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