Hi All,
Have just discovered this forum and after reading so many posts that I have gone cross eyed I figured I'll just throw out my concerns and see who can help.
I have recently read some books about wealth creation and IPs and suddenly it all seems to make sense. I am really keen to get started but am unsure about the option I have been presented with as so far.
I am looking at a 1 bed OTP apartment near Brisbane CBD marketed by Ironfish. It all sounds good but as my first IP I am freaking out at the idea of tying up $35K for 2 years or so and hoping it appreciates and then rents etc. The research presented sounds good and then area being developed seems good too.
I am 35 and am keen to set up a portfolio over the next 15-20 years and this could be the start so any advice, ideas would be greatly appreciated.
Thanks in advance.
Have just discovered this forum and after reading so many posts that I have gone cross eyed I figured I'll just throw out my concerns and see who can help.
I have recently read some books about wealth creation and IPs and suddenly it all seems to make sense. I am really keen to get started but am unsure about the option I have been presented with as so far.
I am looking at a 1 bed OTP apartment near Brisbane CBD marketed by Ironfish. It all sounds good but as my first IP I am freaking out at the idea of tying up $35K for 2 years or so and hoping it appreciates and then rents etc. The research presented sounds good and then area being developed seems good too.
I am 35 and am keen to set up a portfolio over the next 15-20 years and this could be the start so any advice, ideas would be greatly appreciated.
Thanks in advance.