All Topics / Help Needed! / Investment Partner in Brisbane wanted (newbie)

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of zyndreczyndrec
    Member
    @zyndrec
    Join Date: 2005
    Post Count: 1
    December 5, 2005 - 9:36 am

    This is my first post after finishing reading Steves book yesterday and joining up. I would like to possibly get together with someone in a similar position to myself and start working/applying Steve’s stratagies. I’m 39 and work as a Business Analyst at the moment, but have a background in computers in general. I’m not rich, i don’t own much and have a little debt. But this i’m working on so i can start off my Real Estate portfolio. I’m hoping there’s someone out there that lives in the brisbane area that might be in a similar position, and is tired of being broke and doesn’t have much to show for the years of working for wages. I”m very serious about this subject and would appreciate any other like minded people/s thoughts/replies etc. It can’t hurt to ask. I don’t know anyone that is interested in doing this, so I guess that’s why i’m asking all of you.

    best regards
    zyn

    Profile photo of mgrmgr
    Member
    @mgr
    Join Date: 2004
    Post Count: 50
    December 6, 2005 - 1:48 am

    Hi zen,

    Have you tried family,friends or workmates also from the sounds of what you wrote you may not live in brisbane, the Brisbane IP market is cut throat and vicous before you enter into any possible partnerships make sure all the legals are done etc or you will be ripped off before you blink.
    Good luck,
    MGR

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    December 6, 2005 - 11:46 am

    Hi zyn

    It is never to early to start.
    Rather than try and team up with a partner why not see if you can’t go it alone first.

    This day and age many lenders will consider investment loans of 95% of the purchase price or even 100% at a slightly higher rate of interest.

    If you have funds to be able to purchase the property then why not structure it correctly and get the tenant working on paying of your debt.

    I would disagree with MGR that the Brisbane IP market is cut throat however as in any market you need to do your due diligence first.

    Don’t forget regional Qld is still showing good growth and of course with the prices being lower you won’t need to come up with so much of a deposit.

    Cheers Richard
    Ph: 07 3720 1888
    [email protected]
    http://www.yourstatefinance.com

    Specialising in US & IP finance.

    Richard Taylor | Australia's leading private lender

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