G’Day all
I have just started reading about property investing and I am convinced it is the way to go. I have purchased my own house in Queensland in the past twelve months and would like to start a property portfolio. I am not very clued up on matters of money and would appreciate any tips or recommendations on Financial Advisers.
Cheers!
The More Hair I Lose The More Head I Get
]Cai I help you? in what ways?
Julian
THERE IS ALWAYS A BETTER WAY!
Julian
I dont know if you can help me. I live in Queensland and i am wondering if there are any financial advisers that anyone can recommend to give me a kick start with investing. I would like an adviser that has good property knowledge but can deal with other investment options as well.
Cheers
Dennis
The More Hair I Lose The More Head I Get
The question you are asking: Do I need a financial adviser?
From my personal experience when I start investing in property I went to see a lot of financial advisers and very disappointed with them all.
First I must say there are good and bad adviser in every field.
Those adviser that I saw only recommend the product that they can get commission like managed funds….
I am sure there are financial advisers who specialise in property and can help you.
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]But I alway think the best way is learn and tactal the problem yourself.
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]new regulations happening in financial industry about compliances etc.
They dont have the best reputation at times, so do check credentials thoroughly
Those on commissions have a product to sell, however there are those that will give you the commission, provided they receive a fee for service, eg fee and commission, the commission being refunded to client.
Have to declare interest in this and how they are paid.
check if they are members as well of financial planning associations etc, eg FPA (many)
elves
Often financial advisors are driven by motives other than giving you the best advice possible because they are either employed by an institution (and thus biased towards their funds) or else they will (try to ) place you with the fund which gives them the largest fee.
There are however financial advisors around who charge you a fee and at the same time will give you a rebate of whatever fees they receive from the institutions.
It looks to me as if that type of advisor will give you a more square deal.
Getting some advice is a damn good idea actually as they know about Super Funds and can inform one about making extra tax effective contributions to one’s Super fund.
Pisces
Milhouse, I would recommend that you visit a bookstore/library and check out lots of good books.
If you have a look at the book listing in the Heads Up or Opinionated (I forget which) thread, it’ll be a good start. It’s a sticky, so it will be at the top of the listing.
Cheers
Melthis investing game is a long road.
most of the people on this site are passionate about property investing there for think and breathe it.
u definately need to study it just to know the vocabulary.then u have a better relationship with your advisors.
with anything it takes time to get good at it.
i thought i could do it quickly but i realize there is no finish line.
the best part is i have found my passion.
if ya keen u will seek plenty of advice.Hi Millhouse
An excellent site to have a read of is this FAQ site. Yes its run by a financial adviser – who is a friend of mine, but the info is free and well written. I had copied most of his real estate advice in the helpfile of my ez-rent app for a long time..
The site is
http://www.travismorien.com/FAQ/main.htm
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.comMilhouse, further to my last, I’ve just remembered that FreemanFox (Peter Spann’s company) have a financial advisorty service that discusses both shares and property.
Have a look at http://www.freemanfox.com.au
Cheers
MelOriginally posted by Chan$:The question you are asking: Do I need a financial adviser?
From my personal experience when I start investing in property I went to see a lot of financial advisers and very disappointed with them all.
First I must say there are good and bad adviser in every field.
Those adviser that I saw only recommend the product that they can get commission like managed funds….
I am sure there are financial advisers who specialise in property and can help you.
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]Hilhouse,
I have same feeling.[strum]
Regards
Julian [worried]
THERE IS ALWAYS A BETTER WAY!
Destiny specialise in cashflow positive property investment.
Regards,
Elvis
]
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