Quote:
Originally Posted by theunfairadvant
Below is just my suggestions only.
Staying with your parents is a good start to save as much as 60 to 80% of your income to have a deposit for an investment property.
7. Buying an investment property is to buy and hold never ever sell unless the place you believe is a ****hole. There is no more of these places these days
as even Mt Druitt in Sydney and Logan in Brissy. Their house prices were under $150k back about 20 yrs ago, but look at those places now, and you can't buy anything under $600k.
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I haven’t done any seminars or anything, but decided to take out a small loan to build a rental property about 10 years ago. Since then it has grown modestly to more rental properties.
I still get to buy stuff to have fun with, like my F Truck project. It all pays for itself, and tax time is happy days.
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2016 Ford Falcon FG/X XR6 Turbo you beaut ute
1985 XR4Ti Sierra -
Build Thread
1971
Fairlane 500
and... a collection of Jeep Towpigs
and... two collections of rust and some new plastic bits roughly shaped like an F-Truck
and.... some spare metal bits with holes in them