hey i am 18 years old and currently looking at buying my 1st investment property just wondering if anyone out there can give me and few hints or tips about starting out in this industry
thanks alot
chris hudsonGo for it and great that you are dong it. And DON'T change your mind. I only wish i had of started when i was 18 when i wouldn't listen to dad telling me to buy a house. I actually can't even remember it but he says he did.
I think proving money management and savings is very strong to the banks but you just want to do it for yourself as well. Make some sacrifices. it's hard and a long road but it's well worth it. I'm only calling myself a beginner myself as well.
Read heaps of stuff most of all you need to know is either online or in books and stay in tune with the market via online subscriptions to various commentators, mortgage broker newsletters and API etc so it lands in your box and you stay up with whats going on.
I think if your serious it's worth moving out into either country towns or the edge of the city where prices are less and more affordable and working your way to greater things as they come.
I kept on saying screw saving for years then when i started doing it many things started to change and many doors opening thus far and i think it's early.
Well done Chris – great step towards a great future. Just be careful not to over extend yourself. I think you'll find most people on here will advocate a conservative approach – keeping yourself safe is very important.
Just keep reading through the posts and topics on here, there is sufficient information on here to learn just about everything. Keep us informed as to what you're thinking and doing, and listen to the comments of hundreds of investors that have been there, done that.
Best of luck and we're all looking forward to seeing how you progress!
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