How do you find your next IP?

[jh001]

Hi Everyone,

We're in a position were we want to buy our first IP, and I was wondering how the seasoned investors go about finding/researching their next IP? I know a lot would depend on things like personal goals, income, cash flow and risk profile. That aside, what processes or resources (including human) do you use to find the right fit?

 

[jpcashflow]

Hello,

I think foremost is what you want to achieve out of the property...
once you have determined your goal you can then break it down from Budget and state / suburbs.

In terms of resources, I always recommend the following:
1) Mortgage broker to work with.
2) if you are limited in time appoint a good buyers agent.
3) Learn and read.
4) Keep it simple!!