Hello all,
Just to introduce my self, I am 19 and I work in the Real Estate industry... Sorry if this post is a repeat by the way
A bit on my situation right now...
I have very little costs as I am currently paying board so I can most likely afford to negatively gear 1 unit (yes I know units don't have much land as part of the value, but that is not to say that they wont go up if they are in a good area and there is not many of them etc)
Being a registered agent with a Cert 4, one would think they would train you a little bit on how financing works etc... but nope!
So here is my very broad question... How do I begin to acquire my own IP?
I currently have no deposit and it is frustrating working in a Real Estate agency and seeing good deals getting snapped up in front of me! What do I do as far the banks are concerned? If I find a cashflow positive property, will they take that into consideration when applying for a loan? I have a credit card which I use all the time but I haven't spent a cent on interest so far so I think that might help my credit rating...
Thanks everyone in advance
Just to introduce my self, I am 19 and I work in the Real Estate industry... Sorry if this post is a repeat by the way
A bit on my situation right now...
I have very little costs as I am currently paying board so I can most likely afford to negatively gear 1 unit (yes I know units don't have much land as part of the value, but that is not to say that they wont go up if they are in a good area and there is not many of them etc)
Being a registered agent with a Cert 4, one would think they would train you a little bit on how financing works etc... but nope!
So here is my very broad question... How do I begin to acquire my own IP?
I currently have no deposit and it is frustrating working in a Real Estate agency and seeing good deals getting snapped up in front of me! What do I do as far the banks are concerned? If I find a cashflow positive property, will they take that into consideration when applying for a loan? I have a credit card which I use all the time but I haven't spent a cent on interest so far so I think that might help my credit rating...
Thanks everyone in advance