so how do I do such that my math is correct?
is it the drop off rate on the previous figure, not the gross figure?
if so, is this the right method to assess the trail book?
Year 1 = 100k – (100k x 5%) = 95,000
Year 2 = 95k – (95k x 5%) = 90,250
Year 3 = 90,250 – (90,250 x 5%) = 85,730
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theoretically, this method takes many years to totally depreciate the book value.-
This reply was modified 9 years, 2 months ago by
CharlieX.
Dont forgot the s on the end of Math.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
is anyone selling trail books?
I need a base to launch my broking career.Seems to be more buyers than sellers in mortgage trail books?
If I buy a financial planning trail book, do I have to be a financial planner?
Seems to be more buyers than sellers in mortgage trail books?
If I buy a financial planning trail book, do I have to be a financial planner?
you only need to be licenced if you intend to give financial advice.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Although in saying that wont find too many FP License holders be prepared to allow you to receive ongoing trail commission if you don’t hold a FP License.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thats right the trails are paid to the licence holder who passes it on to the authorised rep.. Might be difficult.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
I am both an FP and an MB and so is Richard.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
You certainly can, but at the same time be wary of the risk of being a jack of all trades – master of none.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
not trying to master everything, but just the complimentary products.
difficult to be a good mortgage broker, without good knowledge of real estate, and good understanding of the financials of the clients?
Charlie you certainly won’t be getting your own FP License but be operating as an Authorised Representative of Licensee.
Most small FP businesses operate this way due to the cost and compliance involved in having their own License.
Cheers
Yours in Finance
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This reply was modified 9 years, 1 month ago by Richard Taylor.
Richard Taylor | Australia's leading private lender
Charlie you certainly be getting your own FP License but be operating as an Authorised Representative of Licensee.
Most small FP businesses operate this way due to the cost and compliance involved in having their own License.
Cheers
Yours in Finance
sounds like the same model as most mortgage brokers operating under someone else’s ACL?
Yes its similar, but the AFSL is much harder to obtain and there is much more compliance and regulation. It costs much more than broking as well.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
anyone selling mortgage trail books?
I want some trails :)
How deep are your pockets and what sort of multiple are you willing to pay.
Cheers
Yours in Finance
0-40 properties in a decade. Ask me how.Richard Taylor | Australia's leading private lender
will your aggregator transfer? :D
the difficulty is the seller’s aggregator not willing to transfer, and the buyer’s aggregator has to consent to accept.
if you know any within connective selling, let me know :)
Trail books are generally in high demand – I know my aggregator sells them quickly and there’s generally a list of interested buyers.
If you’re genuinely interested then best to contact connective and ask them to keep you in mind when something comes up.
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Trail books are generally in high demand – I know my aggregator sells them quickly and there’s generally a list of interested buyers.
If you’re genuinely interested then best to contact connective and ask them to keep you in mind when something comes up.thanks :)
I think I’m already on the list, but so far not a thing yet.
Charlie – how long you been broking? Its a perfect time to win new clients, and perhaps focus on marketing to a specific niche, the upfronts will cover your costs and you can build your trail….then find a trail book later on. Also, look at what else are you providing other than broking? the market I believe will be based on a product suite rather than specialist mortgage broking…
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
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This reply was modified 9 years, 2 months ago by
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