I am 25 and I own three properties with my fourth under contract now, so am in no way am I an expert, however I have learnt a few tricks.

People seem to think you have to be rich to buy property, yet I am unemployed with no views to get employment any time in the future.

I drive a 1991 Suzuki escudo and use a $100 cell phone.

I spent over a year learning everything I could about the housing market and property investment in general. I connected with successful people in the industry and learnt from some of the best. I then quit my job so that I could spend full time looking for properties. I connected with people who wanted to buy properties but didn't know how or didn't have time. It allowed me to do the grunt work and get them to finance the properties. I then renovated the properties, allowing us to refinance and give them their money back. 

So how do you buy property in the current market?

Stop looking in the city fringe suburbs! It doesn't matter which city in the world you live in, the city will always have the most expensive suburbs.

Control your spending. There is a reason the banks ask to see your bank statements. Every spare dollar I have goes back into property.

Learn everything you can about the housing market. You are about to invest tens of thousands of dollars into something, learn as much as you can about it first. 

I spent a year learning everything I could after buying my first house. I found some of the best people in the field and learnt what they knew and had experienced.

Even if you are only planning to buy your own home, surely it makes sense to discover secrets to make it easier/cheaper/ better for you.

I am looking at buying my own home soon. I will not be paying anything towards the mortgage because of the tricks I have learnt through property investing.

Property is all about leverage. Find the best system, people and strategies that work for you and run with it.

Lower your expectations too. It is highly unlikely your first purchase will be somewhere like Ponsonby and there is nothing wrong with getting in flatmates to help cover the mortgage.

Don't over leverage yourself.

Yes, we are currently in a boom. Stop your complaining it is a good thing.

Yes, at some stage we are going to go into a recession again.

So cover your butt and make sure you have some money set aside for a rainy day, and make sure you can cover your mortgage repayments when interest rates go up.

If you are buying your own home, pay it off as quickly as you can, even giving up that coffee and paying off an extra $4.50 per day will pay down an extra $1642 per year.

I'm not alone. I mix with a lot of younger investors and all of them operate in the same manner. Buy where it is affordable and learn what you are doing.

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