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Hi,
Like jess14’s post earlier, i am a young person keen to start investing. She brought up some relevant points which i would also like to see addressed, or else to be directed towards reasonable advice.The first was reguarding starting out, how to buy your first property when you are just out of a degree, have very little savings and not a huge income. How do you get started, and be in a situation where people will take you seriously.
Secondly, it is difficult to find companies and individuals that you can trust for financial, legal and tax advice. With no experience in doing this, should i find a financial adviser to give me direction, or an accountant to deal with my tax situation, and when do lawyers come into it?
Thirdly, probably my biggest dilemma is finding the right property. It makes sense to take up the government offer of the First Home Owners Grant, which will require i live in whatever property i buy. Ideally i would want to find a property that can be positively geared at some stage (because it will be a temporary residence), but one that i will be happy to live in for a while as well – so location is important. However, the locations i would choose to buy a place to live are unlikely to be priced to enable positive gearing, but after owning it for a year or so, maybe there is a way. Can you give any advice when searching for this first property?
Lastly, and more specifically, if there are any Adelaide people in this forum, i wonder they could provide any tips of good areas to consider investing in.
Many thanks…. J
