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From: Trina Blum
Hi,
I'm new to investing in real estate (apart from own home) and would like any advice you can provide.
We would like to invest in a unit or townhouse next year in Perth (cashflow positive) and I have spoken to our banker about restructuring our home loan to draw back on some of the equity to use as a deposit. We are also seeing an accountant shortly to find out about structuring the purchase i.e. who's name to put it in. I have read quite a few books, subscribe to the API mag, Money mag and Pers Investor mag. I'm still unsure though of the steps I need to take in the process from wanting to be able to buy a property to actually succeeding.
What is the best way to find out the best suburbs to buy in - just get the name of suburbs from the magazines and then keep an eye on them?
Should I be buying some sort of analysis software now so that when I start actually checking on properties I can work out if they are positive or negative?
When I have decided on a couple of suburbs that look like good prospects do I just phone the agents to find out new or nearly new units/townhouses or is there somewhere else I can look?
Any suggestions or tips would be appreciated.
Regards
Trina
Hi,
I'm new to investing in real estate (apart from own home) and would like any advice you can provide.
We would like to invest in a unit or townhouse next year in Perth (cashflow positive) and I have spoken to our banker about restructuring our home loan to draw back on some of the equity to use as a deposit. We are also seeing an accountant shortly to find out about structuring the purchase i.e. who's name to put it in. I have read quite a few books, subscribe to the API mag, Money mag and Pers Investor mag. I'm still unsure though of the steps I need to take in the process from wanting to be able to buy a property to actually succeeding.
What is the best way to find out the best suburbs to buy in - just get the name of suburbs from the magazines and then keep an eye on them?
Should I be buying some sort of analysis software now so that when I start actually checking on properties I can work out if they are positive or negative?
When I have decided on a couple of suburbs that look like good prospects do I just phone the agents to find out new or nearly new units/townhouses or is there somewhere else I can look?
Any suggestions or tips would be appreciated.
Regards
Trina
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