whow… impressed most 20 year olds in the US buying a home is not even on their radar. they are worried about pay for student loans… Do you AUSSIES have to pay for College and or do you get it financed… I bought my first home at 19 in Milpitas CA… But I was raised in a Real Estate family and the house was 60k back in…[Read more]
My understand is that it would still work and as you grow the offset account, the more your loan gets "paid off" in a way. The big advantage of the strategy is that you can draw upon your offset account (since it's your money) at a moment's notice for any emergency or opportunity. Just ensure that your loan's offset account is true 100% offset as…[Read more]
Hi Chris, congratulations for being in a position to purchase your first place at 20. I purchased my first place at 20 as well, albeit it was only a house on 500sqm. If I could go back in time, I would take the land as others have mentioned, greater room to add value. But as Mark has mentioned, do a little more research first to get a fair comparison.
Great thread everyone! Some awesome goals here! After being a lurker for 4 years, it's time to contribute.
My goal is to sell my entire portfolio (5 properties) and start again from scratch. I'll be walking away with the same money I invested 3 years ago. From this I'd like to purchase 2 properties in the USA for cash flow, as well as renovate…[Read more]