Hi everyone, I was hoping to get some advice on how I should go about investing in property full time.
Here is my situation at the moment, I'm currently 21 and will be graduating from university next year. I have a father who is willing to support my endeavors and as a plus grow his property portfolio. As of now I aim to take a year off after university to jump in and learn, manage some properties for that period. I aim to eventually buy my own property and grow my portfolio, I aim to invest in cash flow positive properties and use that as an income to take out loans in the future(?)
My dilemma is this. My dad is retired so he doesn't earn an income and as I am not working I too won't have an income. What are some options I have in order to be able to eventually take out a loan?
My thoughts are:
1) Go work? Haha
2) Buy into a business?
3) I have registered a property project management company, which I could try to get more clients outside my family?
I've been trying to research and read up, however I feel my situation/choice isn't your typical scenario. Would love anyone's input!
Cheers,
Dex.
Here is my situation at the moment, I'm currently 21 and will be graduating from university next year. I have a father who is willing to support my endeavors and as a plus grow his property portfolio. As of now I aim to take a year off after university to jump in and learn, manage some properties for that period. I aim to eventually buy my own property and grow my portfolio, I aim to invest in cash flow positive properties and use that as an income to take out loans in the future(?)
My dilemma is this. My dad is retired so he doesn't earn an income and as I am not working I too won't have an income. What are some options I have in order to be able to eventually take out a loan?
My thoughts are:
1) Go work? Haha
2) Buy into a business?
3) I have registered a property project management company, which I could try to get more clients outside my family?
I've been trying to research and read up, however I feel my situation/choice isn't your typical scenario. Would love anyone's input!
Cheers,
Dex.