Hello everyone,It's nice to know that there is a community of property investors here at bigger pockets.I am Victor from Australia (Melbourne).I am new to property investing and still learning, reading and listening to youtube, pod casts and books on investing in general.I am extremely intrigued by the idea of generating passive income through real estate investment ever since coming across rich dad poor dad a month ago and more recently, bigger pockets podcasts.As a start, I plan to learn more about the mechanics of investing in real estate before taking steps to actually start looking at my local market (Northern Suburbs of Melbourne)In fact, I have already formulated some short term goals to accomplish: 1.

I would always just assume appreciation keeps up with inflation on average  so it's a mute point, but yea it makes sense that you're getting a 4% appreciation on $100,000, not 4% appreciation on $20,000, which is HUGE.Thanks a ton, y'all have been extremely helpful!

Extremely helpful.

Just being honest, sorry.   

@Sonny Sach IRR is equivalent to an annualized return, except it takes into account Net Present Value (NPV) of money; or that a dollar today is worth more than a dollar tomorrow.High level, if you gave someone a 15% annualized return in cash flow every month for 3 years and no back end sale proceeds, your IRR and annualized return would be 15%, because it was 15% always.If you did have of that in cash flow (7.5%) and made up the difference on the back end sale at the end of year 3 (22.5%), you would still have an annualized return of 15%, but you're IRR would be LESS because it took 3 years to get the extra money instead of throughout the entire period.I haven't done the math to be honest, so in the first example they may not be exactly the same, but they will be almost the same where as the 2nd example there could be a couple percentage points difference between the Annualized Return and the IRR.It's because it takes into NPV that IRR is generally regarded as one of the more important metrics when comparing different investments because in incorporates the length of hold to achieve the desired return. 

This can be extremely helpful (especially if they're investor friendly) since they will likely be the one helping you purchase your investment property when you find it.  

@Mary JayI don't think I have ever bought a home that had utilities turned ON..Honestly it means nothing...get over it.If it's a deal it's a deal....regardless of utilities being on.

I am extremely interested in investing in rental properties.

She is an extremely competent Realtor that saves and/or earns her clients more money with an attention to detail on every deal from start to finish.

I know the relationships between a real estate investor, their team and mentor should be organically established, and honestly I would not have it any other way.