Cheers guys for all your help, so lets say I’m new to investing and this would be my first IP.

Would LOC be the best option, and does anyone know if this is true ?

1. You can buy a IP and as long as you don’t live in it, you can later purchase PPOR and get FHOG

So as long as you dont live in the IP, you can use FHOG later on when you choose to purchase PPOR.

Is that true ?

This is going to sound really stupid but i got mixed up, of course i know what a IO loan is.

i meant to ask what is Line Of Credit, LOC

Thanks for the advice.I think its best to buy a IP first and miss the FHOG.I want to get into property sooner rather than later and the only places i can afford are rural, which are pretty good investments anyway. But due to work i cant live their as its to far.I guess things can change though in the next year, so ill keep reading and watch the market

Wow, I would love to get more information on how to by a IP first and use my FOHG later on, and secondly my idea would be to purchace my first PPOR and then have tenants living with me.Is this a good idea ?

I really appreciate all your comments guys !!!Im now wondering if it would be a good idea to buy a property as soon as i can or waite a little longer and have a bigger deposit ?Is now even a good time to buy, after reading the news i can see the property market isnt doing so well (overall),  am i better to waite atleast a year ?

I really apperciate all your comments and advice.After reading all your comments ive come to the conclusion of starting a plumbing trade at the end of this year 2008, ive already been offered an appertiship and i will begin that after completing my HSC. I will work hard that year and save everything i make, ensuring that i will have a good deposit…[Read more]

Chris.Im looking to buy in Melbourne my self, that is of now – things may change though. I want something for around 150k hopefully a house because i believe that the land value is worth more than the property itself and over time i like you would like to renovate.My strategy would be to buy-hold all my propertys, because of the cashflow…[Read more]

Thanks to everyone for the help and time answering my questions.This month my mind has gone crazy i have been reading as many forums as possible as well as realestate.com.au/realestate newsletter, Domain.com, and ninemsn news section for information on the property market.i am also currently reading "How to create an income for life" by margaret…[Read more]

Does anyone have any other suggestions, that could help.Any advice would be appreciated

Name: WilliamEmail: [email protected]

Thank you to everyone that has taken interest to my situation all your advice has been fantastic ! Im only replying so late because i have been in bali for the past week and a half. I spoke to a plumber today and he wants me 2 work for the next 2 weeks for him, so im hoping that if i work hard enough ill get a job !!!If anyone wants to contact me…[Read more]

Scot no Mate.Your right Scot, thats what everyone around me says. I might be a plumber cause ive done some work experience and i enjoyed it, and i havent bought a car, for the exact reason of saving money, plus with the people that i want to work with i would be issued a car. Its all sweet.Its just $400 or so a week doesnt seem like alot, but i…[Read more]

Francesca.Would i be able to put the property under my mums name as if she is buying the property, but i just look after it and of course pay her the initial deposit, so that i dont loose my FHBG and in a couple of years once im reading by my second property live in for a short period and ask my mum to put the first property in my name ?I believe…[Read more]

Francesca.Your right about the mines didnt think about my age, i guess i dont have any qualifications. Im passionate about property i guess.  Financial freedom sounds good, Im not really interested in retiring young althought i dont want to be an employee and make my boss rich, id rather work for myself and put my ideas into good use. At school…[Read more]

Francesco.Well im not sure about Uni, im not even sure what i want to do when i leave school to be ohnest. At the moment im working hard i have about 4 jobs, unfortuantly most of my money has been spend on driving lessons and my trip to bali over the new year. I have these for jobs thought for work experience because i love working im just not…[Read more]

HI: Francesco. I really enjoyed reading your message it has really boosted my confidence, even though i read so much and have saved a good amount at so young im always still worried which i think is normal. Ever since a younge age i have been interested in property and my mum noticed this so she bought be severel books. At first i didnt read them…[Read more]

Hi: Duckster & Scot no Mate.I really apperciate what u have both said and the time that you have taken to try and help. Ive would be interested if you dont mind a short message on how you both started out. ( meaning if you have bought property how was it done ).

Hi: red123nzThanks for your comment im adding now as we speak, i would be more than happy to speak to you. I look forward to see u sign on !