Newbie From Australia !

4 Replies

Hey there biggerpockets community! 

My name is Isaac, i'm 20 years old all the way from Australia, NSW and have been been fortunate enough to stumble across this great website. 

I've always wanted to get a head start in life at a rather young age and i believe investing in real estate could be my ticket down that path. I currently work In the RAN (Royal Australian Nay) but within the next 2 months i'm going back to my prior AMAZING job (which sadly pays a little less as an outdoor educational instructor) Eventually i'd like to get to a stage where i'm pocketing enough through investment properties that my day job's income doesn't really matter and i can continue working where i love.

I have just finished reading the Ultimate Beginner's Guide To Real Estate Investing which has given me plenty of ideas and as you can imagine even more questions. I'm particularly interested in Duplex/Triplex/Quads in a buy and hold investment strategy. But hey i'm just the newbie here so i can't wait to learn more from you experts see where that takes me. 

Super willing to learn, super excited about this!

Isaac Morris

Welcome @Isaac Morris .

First of all tell us why you are not making money in Sydney NSW Real Estate, which was as hot a few years ago as the hottest market here in the USA ie California/Bay Area.

Did you have insight on the  situation in Sydney so we don't make the same mistakes here? You will be amazed how the same principles can apply to markets as different as Sydney, London and San Fran.


In any case, glad you are here to learn about USA Real Estate

Thanks for the reply @Vinay H.  

A few years ago i was still in school so my insight in anything regarding the real estate market was absolutely 0 and as of right now it's not much better. More or less just on here to learn as much as i can and hopefully have some questions answered regarding how i can use what i have (or don't have) in my best interests to set myself up.

Originally posted by @Vinay H. :

Welcome @Isaac Morris .

First of all tell us why you are not making money in Sydney NSW Real Estate, which was as hot a few years ago as the hottest market here in the USA ie California/Bay Area.

Did you have insight on the  situation in Sydney so we don't make the same mistakes here? You will be amazed how the same principles can apply to markets as different as Sydney, London and San Fran.


In any case, glad you are here to learn about USA Real Estate

The guy is 20yrs old, and Sydney is super expensive. Australia doesn't have FHA with 3.5% they want at least 10%. So do the numbers...$1million dollar house is going to cost him $100K down payment + Stamp duty +transfer costs. Hi @Issac, QLD will win the new two Origin games :) Welcome plenty of knowledge on here. I'm from Bris living in Cleveland, OH

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