Hi all,
i have been reading countless topics on here and learnt a great deal, a lot of excellent reading and knowledge gained for sure! anyway i have recently purchased my first property i will tell you about later. My goal/ dream is to once day create a full time income from property investing/ developing. I am currently gaining as much knowledge as possible so i am asking if anyone can reccomend any good books to read.
A little bit more about me:
23 from adelaide. I have recently bought my first property in Morphett Vale, SA. i bought the place for 280,000 with my brother 50/50. i had saved 20,000 for a deposit however got the idea to go traveling which i am glad i did and spent the money i saved on a crazy 4 month holiday around the world. I managed to get my parents to gurantoor our loan so i could go traveling and buy a property also. unfortunately this meant we borrowed about 95% with my brothers contribution also.
The house is a 3 bedroom solid brick home built in 1974, 650sqm & requiring a fair bit of modernisation. we are both electricians employed by a local business. We both have a passion for property, Ive considered becoming a real estate agent but probably not the best move financially, so i have decided i will start my own business (hopefully double my earnings) and my bro will join the ranks once there is enough work for him also.
I am planning on selling my boat (10k) second car (5k) to help with starting up my business and to also have a bit of financial backing for a rainy day. I hope to save approx 25k this year so i can buy our second property. I will be on the look out for large corner blocks ripe for sub division.
I would love to hear from other keen property investors with any tips or advice they have to offer.
Regards
i have been reading countless topics on here and learnt a great deal, a lot of excellent reading and knowledge gained for sure! anyway i have recently purchased my first property i will tell you about later. My goal/ dream is to once day create a full time income from property investing/ developing. I am currently gaining as much knowledge as possible so i am asking if anyone can reccomend any good books to read.
A little bit more about me:
23 from adelaide. I have recently bought my first property in Morphett Vale, SA. i bought the place for 280,000 with my brother 50/50. i had saved 20,000 for a deposit however got the idea to go traveling which i am glad i did and spent the money i saved on a crazy 4 month holiday around the world. I managed to get my parents to gurantoor our loan so i could go traveling and buy a property also. unfortunately this meant we borrowed about 95% with my brothers contribution also.
The house is a 3 bedroom solid brick home built in 1974, 650sqm & requiring a fair bit of modernisation. we are both electricians employed by a local business. We both have a passion for property, Ive considered becoming a real estate agent but probably not the best move financially, so i have decided i will start my own business (hopefully double my earnings) and my bro will join the ranks once there is enough work for him also.
I am planning on selling my boat (10k) second car (5k) to help with starting up my business and to also have a bit of financial backing for a rainy day. I hope to save approx 25k this year so i can buy our second property. I will be on the look out for large corner blocks ripe for sub division.
I would love to hear from other keen property investors with any tips or advice they have to offer.
Regards