🏡 How much do you need for your first property?
Buying your first investment property can feel overwhelming, especially as prices continue to rise. With a 10% deposit on a $500K property, you're looking at $50K plus setup costs, which means you could end up needing as much as $100K . It's no surprise that people are teaming up with friends or family to pool their resources and get into the market.
🤝 If you're fortunate enough to have parental support, ask for help. But for most, getting creative is key. The reality is, you’ll never out-save the market. Start by talking to a professional-even if you’re not ready to buy yet. Knowledge can shorten your timeline and open doors.
📚 In the meantime, invest in your financial literacy. Pick up a book, find a mentor, and learn the strategies that will build your future. As I always say: no one cares more about your money than you do, so start planning today. The earlier you start, the sooner you’ll see results.
Let me know any property questions you have in the comments 👇
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