1 Followers
I live in Sydney and can’t afford to buy where I want to live. I would like to get some advice on regional areas where I could buy and use the rent to pay off the loan. Where would you recommend and why, thank you?
Responses
HI Vicky, I would recommend you speak with a mortgage broker or financial planner about your specific situation so that you can work out a clear budget and your borrowing capacity before thinking about the investment property. Lots of people go the other way trying to find the next hot spot only to find it doesn't fit with their budget or they buy an underperforming property in the next hotspot and are disappointed when it never reaches its full potential.
I would be more than happy to review you situation and then provide some guidance based on your personal circumstances.
Regards Awesome Albert - Awesome Lending Solutions
Vicky hi. I agree with Albert. While a technical analyses could get you into the market as an Investor, it could place your personal objectives, to live in your own home, many years down the track.
If you would like to have a no obligation discussion from a trusted advisor then please give me a call.
Best Regards
Ken Olds
Customers First Mortgages & Insurance.
1300 ASK KEN (275 536)
Thanks for the feedback. To explain I've got a good understanding of how much I can borrow and looking at a property around $400,000.
Ideally I'm hoping to get the views of experts as to where might be a good location to buy.
Regards Vicky
Hi Vicky,
If you would like to talk about your options further in terms of finding a property that meets your goals and objectives I am happy to assist and look at potential property strategies for you.
Our approach is to look at property as a long term strategy and look at your overall situation. My Licensee will assist in finding the property based on your criteria.
If you would like to discuss this further, please contact me on the below details.
Thanks,
Ronald Pratap
Principal Financial Adviser
RP Wealth Management
Level 2, 351 Oran Park Drive, Oran Park 2570
T: 02 9188 1547 M: 0434 502 079
E: ronald.pratap@rpwealthmanagement.com.au
W: www.rpwealthmanagement.com.au
Like us on Facebook: https://www.facebook.com/RPWealthManagement
Hi Vicky
Furthermore, here's a link to a similar question as you might find some of the answers also helpful.
https://www.simplyaskit.com.au/question/730/i-have-a-total-of-50k-saved-up-and-im-a-first-home-buyer-looking-to-get-into-the-property-market-is-now-a-good-time-to-buy-in-sydney-and-if-not-where-can-you-recommend-i-consider-looking-instead-or-should-i-just-wait
All the best
Paul
Vicky. Hi again. Thanks for the update. I now have a little better understanding of your situation. As a licensed Credit Representative, I am only able to give you advice around the financial 'world'.
To get advice on the property market, you should seek input from a licensed Buyers Agent. There may be ss few on this platform that could assist.
Once you determine / build your preferred strategy, I would be happy to have the opportunity to fully assess your borrowing capacity and provide advice on Lender options.
Best Regards
Ken