Hey Somersoft
Dinamo here. Thought I would finally introduce myself as I've been reading the forums for a while, but I think it's time I started posting!
I'm really excited to start my journey and I'm so glad I've found this community!
Cheers,
Dinamo
Dinamo here. Thought I would finally introduce myself as I've been reading the forums for a while, but I think it's time I started posting!
- 21 years old, graduated from uni last year, now work full time earning 60K per year
- living with parents in Sydney, no expenses, no debts, not much savings (10K)
- parents will be my guarantors using our PPOR
- have been to a broker and have a pre-approval of 500K with ING
- main goal: to be financially free by 30 & also help my parents with investing so they can retire comfortably
- have started reading property books, still need to set my goals and work out my exact strategy
- aim to get my first property by the end of January
- strategy at the moment is to focus on CG, buy undervalued property in capital cities, close to CBD with value-add potential
- use an offset account and pay IO, once equity is enough to discharge parents off the loan, keen to buy another as quickly as possible
- looking at Brisbane currently, a bit nervous as it's my first property and don't know the area at all
- do not want to get caught up in analysis-paralysis, need to take action
- would like to form a team around me who have walked the walked
I'm really excited to start my journey and I'm so glad I've found this community!
Cheers,
Dinamo