Ep153: Rhys Jaconley - Case Study: Buying Your First Investment Property

Buying your first investment property is a courageous and big decision. Now you're responsible for someone else's home, but also responsible for an additional set of payments you need to consider each month. The whole process can be daunting, with tax considerations, tenancy law considerations and most of all, dealing with tenants - The good and the bad. But, it's the first stage of growing an investment portfolio, so you should be proud of your achievements, knowing that you are building your wealth through passive income. To hear it from someone just like you, today we have a case study talking to a new investor, who has just bought his first investment property.

Rhys Jaconley is a new dad working as an organisational consultant and still makes time for his dungeons and dragons group. He recently got involved in the property market for the first time.

1. What values did you see in buying an investment property?

2. Do you find most people have a concern about middle class debt aversion?

3. Did you seek advice on working out a strategy to buy an investment property or did you just go 'I want to buy a property for investment, what can I find?'

4. Who were your main trusted authorities when it came to buying a property?

5. What were your defining needs with your investment when choosing a property?

6. How easy or hard was it to get finance in these changing times?

7. What were your main struggles in the process of buying an investment property?

8. What were your main struggles in the process of buying an investment property?

    a. How did you overcome these struggles?

9. What advice did you get regarding settlement terms - Did you go for a shorter or longer settlement?

10. Are you all settled and do you have a tenant yet?

11. Now that you have an investment property, what's your next goal?

12. Is there any advice you could tell our listeners that you wish you had before you started looking for an investment property?

 

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