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Finally looking at giving it a crack

Discussion in 'Introductions' started by Brendan Johnson, 15th Dec, 2016.

  1. Brendan Johnson

    Brendan Johnson Member

    Joined:
    15th Dec, 2016
    Posts:
    12
    Location:
    Gold Coast
    First post so here we go!
    I have been consumed over the last 12 months by the concept of property investing. I have been listening to a stupid amount of podcast and reading all the info i can. Finally looking at taking the first steps and pulling out some equity on my PPOR to invest in property. I look forward to continually learning and surrounding myself with like minded people.

    Now it's time to go and read through previous posts, it might be a long night ahead.
     
    MJS1034, pwt, Darren and 4 others like this.
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Perth WA
  3. Marg4000

    Marg4000 Well-Known Member

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    To begin, talk to a mortgage broker or preferred financial organisation and find out exactly how much you can borrow.
    This will give you a good idea of the price range you can afford.
    Then you can start to get a bit more specific.
    Marg
     
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Location:
    Gold Coast
    Welcome to the Fog :)

    Buying locally ??

    ta
    rolf
     
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  5. JacM

    JacM VIC Buyer's Agent - Melb N & W, Geelong, Ballarat Business Member

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    Melbourne, Australia
  6. Ross Forrester

    Ross Forrester Well-Known Member Business Member

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  7. DiligentPM

    DiligentPM Well-Known Member

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    Brisbane
    Taking that first step to buy a IP is critical - loads of people here to assist with any questions. One thing we learnt - careful, buying IPs becomes so addictive :)
     
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  8. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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  9. MTR

    MTR Well-Known Member Premium Member

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    Perth, Melbourne, Atlanta, Boston
    What others have stated ... tick

    I see you are from GC, start researching info on what is happening in this market and what PC members have to say regarding this market, but also start phoning lots of re agents, find out what is selling, who is buying, how long it is taking to sell.

    From what I am reading it may be close to this market rebounded, I don't know? that is what you need to find out. If it is starting to move/rise may be a good timing and you can capture some quick gains.

    Don't believe everything you read, this is a forum, lots of opinions, its up to you to sift through the information and work out what is fact and what is fiction you can only determine this by contacting people on the ground and doing the hard yards.

    MTR:)
     
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  10. Indifference

    Indifference Well-Known Member

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    +1 for talking with a good mortgage broker. This will give you a realistic view to assess your options.
     
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  11. Brendan Johnson

    Brendan Johnson Member

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    15th Dec, 2016
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    Location:
    Gold Coast
    thank you. I am not to concerned about buying locally I am going to keep my options open for purchases in the major cities if the numbers stack up.
     
  12. MTR

    MTR Well-Known Member Premium Member

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    Good, have a look at Melb and in particular look at what investors are doing with land and house packages and areas in outer west and outer north suburbs, there may be opportunities
     
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  13. Brendan Johnson

    Brendan Johnson Member

    Joined:
    15th Dec, 2016
    Posts:
    12
    Location:
    Gold Coast
    haha yeah it does seem to have that effect on people.
     
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