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thanks for the advice, your blog is well worth reading.
Hi thanks for the check up, no still thinking on my strategy as where to look/buy that will give me growth over a length of time, I dont want to commit to the wrong house in the wrong area.
I understand what you are saying regional areas are probably more suited to an income strategy rather than growth, I was probably focusing on this area due to the lower prices as a start to get my foot into the market but this may not be the best scenario for future growth ?
Property management I assume I would look local, eg.real estate agent.
I didn’t really take into consideration who in the future the purchaser would be I would hope the area has gone ahead and risen in value so the property may be more desireable but this is all hindsight.
With my time frame your suggestion that it might be better to save more and look at best address worst house this may be better in the longrun.
Thanks again you have given abit to think about.
thankyou apprecaite your reply, this will be my first foray into property investing so I’m still new on the lingo, so bear with me.
1. Are you investing for income (cashflow), or for growth returns? – I’d say growth returns for when for when I retire maybe to sell it then or keep on and use the rent as cash as well as my super.
2. Are you a passive or active investor? – I’d say maybe passive nothing too high risk ?
3. What is your timeframe (investment horizon)? – 10 years and onwards no rush
4. What is your risk threshold? – low risk would be better
5. How much deposit do you have, and what is your borrowing ability? – 100k deposit im not 100pc sure on my borrowing ability but it would be a good amount
Answer the above and I’ll reply with more info when time permits.
Thanks Tom this a great read I enjoyed seeing how other investors follow a process through.