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Hi Richard, Ivan and PP
thanks for your respond, much appreciated.
I actually did a review of my financial situation with one of the Fin Adv company and also talked to my mortgage broker and it all points that I should invest in Property in and outside super (property because I do not understand much investing in share market, so I want to avoid it) and I have borrowing capacity in both option.
That is why I’m doing a bit research how can I purchase property for both option and I never had an investment property before.
I didn’t setup my SMSF yet because there are some things that I need to understand and figure out and make my decision, whether I should do on my own:
1. setup SMSF with an independent Accountant/Fin Company
2. organise an independent BA to find property within my budget or find property on my own(which is time consuming, lots of research and also need to find conveyance/solicitor service who can deal outside NSW etc.)
or
3. I should go for a one-stop fin company who will do all these above including finding property, help in purchase process with a one-off cost and ongoing cost that will service SMSF and support in overall investment service/Advice etc. But I’m finding the on-going cost is not small.I am now trying to find information for option 1 and 2 so that I can measure what would be better for me in terms of cost-effectiveness ?
Not sure about a cost of a reputable BA, but I know that this is the most important and hard part among my tasks and if I find one, then I could take care of the independent SMSF and Accounting part, as there are many options these days.
If anyone could help with information, that would be very helpful.
Richard,
I do not know what suburb in Brisbane yet but most possibly I will look for in Melbourne first and then Brisbane and had I decide to go for Brisbane, I will definitely contact you. Its a shame you do not do Melbourne.
But all this, if I do not give up and do not go for option#3, which I want to take time and do a bit research?Thanks again and regards,
Mohib785Hi Benny,
Thanks for your respond.
I’ll definitely try to attend one of Steve’s seminars.
Thanks for those tips also.Regards,
Mohib
