Advice needed! First Investment property. Sydney Based.

[Michael_X]

Strongly suggest speaking to Rolf too

Last year, I was 28 and contacted Rolf. My situation wasn't as good as yours but managed to go from 2 to 9 properties in 12 months so imagine what you can achieve!

Good luck in your investment journey.

 

[dreamer007]

First of all, you are in a wonderful financial position Lenka! You are NOT late to the game at all, you are far ahead...but of course take caution with every step forward...

If I were you, I would keep as much of the 300K cash as possible in 100% offset as a cash buffer for unexpected situations - you could get married/kids/emergencies/interest rates hike/vacancies/big repairs+maintenance etc etc

If the mortgage broker says you can borrow a million, I would be looking at borrowing maximum 800K. And I think it's better to diversify by buying 2 400K properties in different regions, rather than one 800K house.

Hope the advice helps, all the best and remember LIVE BIG!

 

[The Falcon]

Maximum salary sacrifice to super.

On a PAYG of 70k ? Not a great plan...at PAYG 200K+ sure, no problem.