Young investors - tell all

Thanks Biggles, interesting to hear other ppl's point of views.

The thing is, every success story I read in API or on SS usually involves buying an undervalued property, and taking the equity out from it to buy another undervalued property. Rinse and repeat...

Haven't yet read of any situations where the property investor saved the entire IP deposit between property purchases!

Currently we have a buffer we're not willing to dip into, so it would take us quite a while to save up for an entire IP deposit considering my unpaid maternity leave during that time!

Might have to rethink this one...
 
There probably are investors out there that have saved up for each of their IPs but I would have to imagine that they are on very good incomes and squeezing every penny. The time between IPs is probably a considerable amount aswell.

At the end of the day you have to find a happy medium where you are putting away money to invest but you allow yourself enough to enjoy life while we are young. Buying undervalued property is going to be the best way to achieve that.
 
Back
Top