All Topics / Finance / How to choose a Broker

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  • Profile photo of juststartingjuststarting
    Member
    @juststarting
    Join Date: 2007
    Post Count: 1

    Hello Everybody,

    Could anybody please help me/ inform me.

    When considering and engaging a broker:

    What kind of questions should I ask a broker to assess his suitability.

    Is there any kind of criteria I can use as well.

    Also, what kind of decisions do I need to make and what kind of questions do I need to ask myself before going and seeing a broker.

    A few quick facts to help your answers.

    My wife and I are wanting to start investing in property. I've already accumulated quite a library of investing literature, and am slowly attempting to educate myself on the topic. I've been researching as a hobby for the last few years. And we purchased our PPOR coming up to 2 years ago. We are both 23 and have a combined income of $100k per annum before tax., and currently have a $110k HomeNorth loan, with TIO.

    I have decided that the route to sourcing finance for our investments may be best done through a broker. This decision is mainly due to 1. my lack of experience with debt. and procuring loans 2. the large number of loan products that are available in the market.

    Also;

    We have not decided on a property yet.

    I am not risk averse and will quite happily leverage on my PPOR

    Our investing strategy is not set in concrete, yet we both tend toward cash flow positive/ buy and hold strategy.

    Also, I am in Darwin and would prefer to use a local office, does anyone have any suggestions.

    Profile photo of flashflash
    Member
    @flash
    Join Date: 2003
    Post Count: 140

    why restrict yourself to just darwin in finding a Broker.
    communication via phone and email is all you need.

    why not give a broker like  QLD's007 ,Richard Taylor an email and see if he can help you out or try a few others here on the forum.
    cheers

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