The 11 Best Tips For Buying Your First Investment Property (Ep49)

http://onproperty.com.au/free - See real positive cash flow property listings So you’ve decided to go ahead and purchase your first investment property. Firstly let me say a massive congratulations to you. Purchasing property can be a great step towards securing your financial future. Today I’m going to talk about the eleven tips that I have for buying your first investment property. ------------------------------------------- http://onproperty.com.au/49 - View the full transcription and audio version of this episode.

Comments

1. Hey, enjoy your channel.
   
   Thought i might just question tip 4.
   
   It sounds like you are saying that you can go through a conveyancer and if troubles arise, then you can bring in a solicitor. I feel like that was a little misleading.
   As the reason you employ a solicitor for conveyancing work is to ensure no future problems arise and that the deal goes smoothly, at least on the conveyancing side.
   If you do as you suggest and go with a conveyancer, and save a few dollars. The one time that there are issues it will cost you a substantial amount of money with a solicitor.
   
   Example if issue arises:
   
   1) Conveyancer fees $500-$1000, then issue arises Solicitor fees for litigating/negotiating $1000-$5000 (Depending on complexity)
   
   2 Conveyancing with Solicitor $500-$1500, then if issue arises (of course that won't happen as you hired a solicitor).
   
   Hope this helps clarify the tip slightly better for costs, for your audience.
2. Watch Daniel talking about his buying first investment property :)
   https://www.facebook.com/pifinance/posts/1231983380227010
3. Very helpful...and I'm in South Africa!
4. Great tips Thanks !
5. Check Stodoys handbook if you want to learn about it much much more.
6. #Greig Sanderson +Amy Thyst My facial hair is so thick even when I shave I have a moustache, so either listen to the podcast or get used to moustachio...property blogger by day, mexican vigilate by night. @Property valuation group
7. Have you just drank hot chocolate?
8. Awesome vid!
9. Clear and concise..
10. Can you please explain again tip #11 because I don't understand the $100 000 deposit example?
11. Nice Video
12. Thanks for the advice. Tried looking up your site, and just a big orange page with a small cut and paste pic.
13. please shave :)
14. Tip 5.1 - get a reputable building and pest inspector.  Tip 5.2 - Go with them to the inspection.
15. Great advice! I would also add to conduct your independent valuation to minimise the risk of getting ripped off upfront by investment marketing hype, otherwise you could wear a capital loss and pay interest on a dud investment.
16. Thanks very helpfull!!!