Hi Francis

I’m no expert but have been getting set-up for investing over the past few months. I, too, am using equity in my PPOR to finance investments. I have set up a line of credit specifically for investment purposes and will use this to pay deposits, solicitor fees, stamp duty, etc and will get a bank loan for the balance therefore the…[Read more]

Another website is owner.com.au

ArthurK

I know exactly where you are coming from. I was once in your position getting more and more frustrated with each phone call to agents.

Have you considered using an agents buyer. It takes the stress away from yourself and they have the expertise and contacts to be notified of listings before they even reach the net. Yes, you pay a fee…[Read more]

Jack Hu

Start asking questions like that and an agent will probably hang up or walk out on you. They wouldn’t bother wasting their time.

Regards
ss2306

If you live interstate you might want to consider using an agent’s buyer. One that is based in Adamstown near Newcastle is Hunter House Hunters. You can check out their website. I personally have never dealt with them although have had a telephone conversation with them. I live in Singleton, 1 hr from Newcastle but do not know which areas are…[Read more]

Hi Maria

I use Edward Chan from Chan & Naylor Accts in Sydney and have just set up a trust structure through them. Very professional!! Check them out at http://www.chan-naylor.com.au.

Regards
Shelley

Hi Shackles

Depends on which state you want to buy in but if considering Vic I can thoroughly recommend Metropole Properties, in particular Jack Henderson who is their buyer’s agent. I am currently working with him in order to find my first property and have found him to be very professional. You can check out http://www.metropole.com.au.

For any…[Read more]

Also check where sewer lines run to make sure they’re not through the middle of the block

Thanks Woodsman

I don’t really know her mortgage or even debt details. Market appraisal happening tomorrow. I don’t want to pry too much into her personal liabilities but thought from the limited info I have given a few might have some advice. She doesn’t know I have done this. I am just trying to help her out as much as I can.

I am sure she…[Read more]

Woodsman

I should have added that she is struggling financially at present and by selling her house this pressure would be released.

She is thinking of buying a smaller house, maybe a duplex with not much upkeep required and only a $160K mortgage which should be more manageable.

Hi Woodsman

My mum wants/needs to sell for a few reasons.

She currently has a mortgage for her PPOR, a loan for the coffee shop, $5K she owes me from when she set up the shop, credit card debt plus a couple of others I think. She hasn’t told me every debt she has but has said that if she gets what she wants for the house she should have all…[Read more]

Why don’t you set up a line of credit using the equity in your home and then draw the $30K from that?

Hi

Your right! More of an accounting question. It is a good idea to set up a trust for asset protection but also with a HDT you can personally claim any losses with a negatively geared property.

Using the search function look up trusts as there are and have been many posts on this subject.

Hope this helps.
Shelley

Carlin

Which state are you from? If NSW I can recommend speaking to an accountant Edward Chan from Chan & Naylor (www.chan-naylor.com.au).

I, too, was/am like you not wanting to start investing until I had the right structure in place. My husband is in the highest income bracket but myself in the lowest. We are in the process of setting up a…[Read more]

I’m not sure if this is the southern suburbs but I deal with Edward Chan of Chan & Naylor.

http://www.chan-naylor.com.au.

Very professional, helpful and up-to-speed with HDT and IP’s.

Hope this helps
Shelley

Which state are you looking to purchase? If Melbourne, I can recommend metropole.com.au.

I am currently dealing with them in order to buy my first IP and so far fantastic service and communicaton and well worth their fee as they know more about the area than I do.

Regards
Shelley

I am currently dealing with Bill Zheng from Investors Direct. Very professional and helpful.

Look up http://www.investorsdirect.com.au

Regards
Shelley

Look up previous posts in this forum as I am currently undergoing the same and have posted a topic and there are plenty of others that have done the same. You will find some of the answers that you are looking for but most importantly make sure you have an accountant who understands trust structures and invest in property themselves. Don’t get…[Read more]

Jay

Yes, I was in a position to settle on this property but at the last minute the seller pulled out due to major family problems. The house was a estate and I think the kids are squabbling over it. Anyway, it seems that all has turned out for the best as I have now redirected my interests and think I am on a much better path now.

Thanks for…[Read more]

I am currently dealing with Bill Zheng from Investors Direct and have found him to be very professional and helpful.

Look up http://www.investorsdirect.com.au

Shelley