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From: David .
Hello Everyone
We are new to the investing game and have decided that buying property is the way to go.
We are very familiar with the property market in our area (outer eastern Melbourne)so are considering buying the first property around here. Is this a good idea? Houses are approx $200,000 and rent is approx $200/week.
Should we look at something that will give us a positive return (a unit?) or should we expect to be 'losing' at the beginning?
Also, can anyone recommend an accountant &/or finance agent in the eastern Melbourne suburbs to help us set finances up for purchasing properties?
Thanks
David
Hello Everyone
We are new to the investing game and have decided that buying property is the way to go.
We are very familiar with the property market in our area (outer eastern Melbourne)so are considering buying the first property around here. Is this a good idea? Houses are approx $200,000 and rent is approx $200/week.
Should we look at something that will give us a positive return (a unit?) or should we expect to be 'losing' at the beginning?
Also, can anyone recommend an accountant &/or finance agent in the eastern Melbourne suburbs to help us set finances up for purchasing properties?
Thanks
David
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