Hello all,
I am new to this forum and new to property investment.
Introduce myself first:
I m 31 year old from Sydney and working full time with approx. 70K annual income.
I have 120k deposit + 120k re-financed from my current PPOR.
My first IP is a terrace house in Sydney worth 820K and renting at 650pw, and 80% loan to pay off ? not a good invest though
My mortgage broker said I could potentially loan approx 700k without touching my own deposit.
My goal is retire early with some good cash flow, but also would like to buy as many properties in the next 10 years.
What my strategies should be?
For next IP, shall I buy a cash flow+ IP in a regional town or CG property in a bigger city, ie Wollongong.
Because I would like to keep buying?
I know the ideal is to find a property with both benefits, but I guess it?s a rare gem that everyone likes.
Would any one please advise my strategy? Thanks heaps.
I am new to this forum and new to property investment.
Introduce myself first:
I m 31 year old from Sydney and working full time with approx. 70K annual income.
I have 120k deposit + 120k re-financed from my current PPOR.
My first IP is a terrace house in Sydney worth 820K and renting at 650pw, and 80% loan to pay off ? not a good invest though
My mortgage broker said I could potentially loan approx 700k without touching my own deposit.
My goal is retire early with some good cash flow, but also would like to buy as many properties in the next 10 years.
What my strategies should be?
For next IP, shall I buy a cash flow+ IP in a regional town or CG property in a bigger city, ie Wollongong.
Because I would like to keep buying?
I know the ideal is to find a property with both benefits, but I guess it?s a rare gem that everyone likes.
Would any one please advise my strategy? Thanks heaps.