I came from Myanmar in June 2013. I was in Australia for 9 months and got a full time job for only 2 months when I joined the Real Wealth Australia Mentoring program (Mar 2014). My husband had a full time job and had saving $40k and we had no equity at all. After 9 months (Dec 2014) we bought our first investment property in QLD through the mentoring of the Real Wealth Australia Mentoring team. They taught us how to do Due Diligence to choose growth suburb to build up equity and he advised us to choose a property with rental yield above 5.5% to cover expenses by rental income. Jan 2016, we bought our second property (cash flow property) in VIC which has 2 titles (one is a house with land and another is a land only) with our saving money. Now our first property has equity 50k and we’ll use it to build a removal house on the land in coming Apr 2016 and it will be our third property.
Thank you for simple and step by step instructions which are really helpful to a person like me who come from a third world country.