Hi Guys, I'm Kishore and I'm new to investing and new to the community. I've just started researching for my first investment property and still deciding on strategies and suburbs. I was thinking of paying for 62 per month investment reports from CoreLogic or buy one of reports 99 each to start off with. Anyone have any experience with these? Are these worth it? Any pointers would be greatly appreciated.
In all honesty, you don't need to spend money on reports, there's a lot of info (for free) on this site.
Welcome aboard Do you have a mortgage broker? If so - hit them up for some reports - most have access to desktop valuations. Cheers Jamie
some brokers and bankers have access to the full RP data suite........... so that will same you some bcuks if yours does Are you going to go it alone for property selection or using a BA ? ta rolf
First step is get a mortgage broker. Once youve narrowed it down to rough areas, have a solicitor and building inspector ready to go. THEN start seriously inspecting.
Hi Kishore As suggested, have a broker on your team. They will likely have access to RP Data or Price Finder reports they could provide you with as you go through your search.
I'm not sure where this opinion came from, but speaking from personal experience (living off of investments), we'd be nowhere without our broker. The use of leverage will magnify your returns....good or bad. Just make sure you are educated.
At least you acknowledge that debt will get you creamed in a falling market, possibly bankrupted. Or maybe interest rates will fall by another 1650 basis points
Thanks all. @skater @Rolf Latham @Property Twins @Jamie Moore. Thanks for all the great insights and sorry for the late reply. Yes, I've a mortgage broker. Never asked for reports from him though. I've started looking into buyers agents as well. Most of them seem to come with a set of preferred suburbs. I just wanted to have a set of independent reports to double check them. Most of them seem to prefer buying in Logan Council area in QLD when I asked about positive cashflow properties. I was hoping to find a good compromise suburb where I can target cashflow now and long term capital growth. Happy to shell out some money to get the reports if they are worth it. But I will start with asking my agents first. If I'm not mistaken, @Rolf Latham was my first mortgage broker years ago. It's a small world And any opinions on buyersclub.com.au?
