All Topics / Help Needed! / New to property investing

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  • Profile photo of clint allen69clint allen69
    Participant
    @clint-allen69
    Join Date: 2009
    Post Count: 1

    hi all my name is clint,i have 2 little boys and a beautiful girlfriend i live in Ulverstone tasmania and im a fulltime process operator at Simplot Austalia. I am looking for ways to improve our financial future and am hoping some one can point me in the right direction.

    cheers

    clint

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Hi Clint

    Start by reading as much as you can. Get to know how investing works. In the mean time do a budget and start saving as much as you can. Then work out a plan on what you are going to do and when and how.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Simon PlummerSimon Plummer
    Participant
    @plummer
    Join Date: 2010
    Post Count: 44

    Read plenty of books that will give you an understanding how investing (be it property or otherwise) works. Then do plenty of research on the net about the type of investment and the goals you want to reach. Then write a plan of what you want to acheive. Then break the plan down to figure out what you need to do on a monthly basis. Then stick to it!

    I am by no means an accomplished investor but this is how I have started.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Also start doing some figures, or projections using excel. Helps to make sure you know about the what you can claim too as well as the cashflow side of things.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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