- ChrisMtParticipant@chrismillettJoin Date: 2020Post Count: 0
I am a first time investor, currently looking at getting my first investment property.
I am open to all areas around Australia and have a budget of around $300k.
my goal was to find a cashflow positive property with potential for growth however I understand how difficult this can be.
I would like to understand from some more experienced investors, if they were in my position now, what strategy would they recommend.
I understand this is quite an open question but keen to see people’s response none the less.
ChrisJaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
Mate finding a CF+ property is not hard, and that’s before talking about TAX benefits.
The growth is speculative, however, can be forecasted.
Well I do these things with clients and ask a lot more than the above mate, I would say you need to understand firstly your current financial position and your end financial goals and then each property/asset should be getting you closer to that goal.
E.g. a property that makes you $50k in two years or something like this might be a good goal, or something that has CF of $3000 per year. whatever it may be your seeking for the property or asset you want and then using that to get closer to your end goal
E.g end goal : $2000 per week income from assets.
There are so so so many options for what to do and lots are good and lots bad.
I wish you all the best mate and hope this assists.
Disclaimer : This is general and does not take in your circumstances and is not intended to be acted on in any way.
- This reply was modified 3 days, 16 hours ago by Jaxon. Reason: Add disclaimer