Hi there

There's no reason why you can't make these contacts without being a real estate agent and there are a lot of people who have done well out of property without working in the realm of real estate.

Cheers

Jamie

Maybe it's a third of life crisis

I was accused of having one of those when I bought a two seater sports car a couple of years ago….not the most practical family car but the 6 year old loves being taken to school in the "racing car."

Cheers

Jamie

Hi Leon

I guess it comes down to different strokes for different folks.

Some have a higher appetite for risk than others. There's no right or wrong answer/approach – it all comes down to what the individual is aiming to accomplish and the risks their willing to take.

Cheers

Jamie

Stay away from Chrysler Pt Cruisers! Mines been nothing but a nightmare this last week – actually, it's been a nightmare for three years.

I also found out that it's not a good idea to buy a 2 seater sports car if you're starting a family

Cheers

Jamie

Hi William

Yep, you can own a property with a friend. Any profits would generally be split in accordance with the percentage of ownership.

Cheers

Jamie

Run for the hills.

The proposed structure is a lazy set up that doesn't benefit you at all.

He/she is cross collaterising your home with your investment property and is possibly contaminating your deductible and non-deductible debt.

You need to speak with a broker who knows what their doing.

Cheers

Jamie

Hi Matt

I'd give the financial advisor a miss.

James from House of Wealth is great – we share some mutual clients and all have been happy ones.

A decent broker will advise on your borrowing capacity and loan structure and will be able to run some scenarios for you.

Cheers

Jamie

lol – I've been told there was something called an encyclopedia…..

Cheers

Jamie

Not common practice from my experience.

They normally charge a week or two for finding a tenant – after that, it's usually just a percentage of rent and some other minor admin charges for postage, ect.

Paying two weeks rent each year is quite a bit.

Cheers

Jamie

Hi Rob

Why has it taken 2 months for anything to happen? It should take 5 minutes for them to speak with their boss.

Get on the phone to them tomorrow, ask to speak directly with the manager. Chances are he/she is unaware of the issue and if it's brought to their attention it may be rectified quickly.

If they don't agree to fix the issue than I think it goes without saying – change PMs.

Cheers

Jamie