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  • Profile photo of 37propertygroup37propertygroup
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    @37propertygroup
    Join Date: 2014
    Post Count: 2
    May 22, 2014 - 8:36 am

    Hi Pat, I’m not a mortgage broker, they would be best to answer your finance question. But I believe it would be achievable to invest in property based on your incomes. I think the deposit will probably be the biggest hurdle to start. Traditionally people invest with 10% – 20% down. So on a $500k property this would be around $50k (some LMI) – $100k. Maybe to start ask your family in real estate or parents if they wanted to either invest with you or as you mentioned, be a guarantor for the investment.

    Profile photo of 37propertygroup37propertygroup
    Participant
    @37propertygroup
    Join Date: 2014
    Post Count: 2
    May 21, 2014 - 6:03 pm

    Never heard of them before. My advice would be to find out whether they work for clients or sell for developers. If they work for clients then they charge you a fee. Definitely finding how their fees work is very important.

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