EPI 072 | Invest or Nest? Starting out

Everyday property investing - podcast episode

Do I buy my home first or buy an investment? 

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Things we talk about

questions.001 Questions to ask yourself

  • Why do you want it?
    • There can be very good reasons like children, stability, etc.
  • Where do you want to live?
    • Can you even afford to buy where you want to live?
House key Buying your own home

  • For some, their first purchase will not be the “forever” house
  • Average lifespan of a loan—5 years
  • You are really paying for interest in that time
  • Think of it like an investment
  • A chance to get in and maximise your leverage
    • Buy well
    • Buy something you can do something with to add value
    • Buy in a growth location
Quick tip and action
Commitment
  • Have a think about your circumstances and whether buying or
    investing first is right for you before you commit to a purchase!

 

 

 

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