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Great to read all these (indeed fascinating) stories of young people on their way to success in the property game..congrats to those living the dream, hope to join you all in the near future [biggrin]
Keep on posting the success stories, and any words of wisdom you may have for those not sure how to get started
*looks around*.Cheers,
RichardHi there, I’ve been lurking for a short while & love this board so far
. Please excuse the following essay/ignorance of my youth.I’m nearly 19, and have a great interest in investing – particularly property. As yet I don’t own any properties (only $$$ in the stockmarket), & I was wondering if a strategy for young people ‘starting out’ would be a possibility in an upcoming newsletter? My apologies if this kind of material has been in a past issue, I just think it’s pertinent to my generation of investors who are looking around with blank expressions – trying to figure out where to put their money & how to go about it. Perhaps from a different angle altogether, to aid parents in educating their kids on the topic of property investing in this day & age.
For example what kind of income you’d need, what lenders would be looking at differently because of age, type of property to invest in etc.
As a personal personal example, whether joint-mortgaging a less-expensive residential property would be the go (combining two youth incomes to gain an advantage)? Just another idea I’ve been toying with.
I realise one could pen an entire book on this topic (ie. Rich Kid, Smart Kid by Kiyosaki), but a rough guide to youth investing in Oz would be fantastic…as well as one on how to construct a semi-intelligent post
/end rantRegards,
Richard
*looks around*.
. Please excuse the following essay/ignorance of my youth.
