Don't take advice from Mortgage Brokers on where and what to buy.
When I started my property investing journey, I was in the dark wanting someone to hold my hand and show me the process.
I wanted someone to guide me, be a sounding board and answer my questions.
Someone to help me with strategy, where to buy, what to buy, how much to spend, how to negotiate, make sure I was not over-paying etc..
Instead, I got stuck with a few brokers & real estate agents coaching me so I would buy overpriced off the plan units & townhouses.
Thank God I didn’t buy into it… I even put down a deposit for a unit in Nundah (QLD). Thankfully it was refundable. Nundah Unit growth over the last 10 years has been poor to say the least!
Honestly, I don’t want any of you to fall into this trap!
As I know every dollar counts when you are putting funds towards investment properties and your retirement.
And especially when you don’t know what you don’t know.
Mortgage Brokers are useful – AND ESSENTIAL – but not to tell you where and what to buy.
Same with accountants.
Same with financial planners.
Same with Real Estate agents.
Don’t fall into the trap I did.
Hope this helps✌️