All Topics / Help Needed! / Beginner to investing a property

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  • Profile photo of GrowGrow
    Member
    @grow
    Join Date: 2010
    Post Count: 5
    November 5, 2010 - 12:12 am

    Hi All,

    I am a beginner to investing a property, I had read couples of book and some other resources regarding property.
    Include Steve McKnight's book.

    As my current condition, is still prior to a "market ready" status.
    I would like to do some preparations to become a "market ready" player.

    Do you have any ideas and experiences to share with that you were having before which had the same status and condition like i am facing now ?
    What steps do need to do in sequence ?
    I am a married, we are on a bridging visa in Sydney.
    And planning to invest in property for the future.

    And I have some basic questions  :
    1. Can a bridging visa status buy a property in Australia ?
        Which one come first Principle Place of Residential or Investment Property ?
    2. Can a first home buyer buy a house with "Investment Property" status ? or must buy PPR first ?
    3. As mentioned by asset protection experts, buying properties under structure of "TRUST" for safety reason, can a first  
        home buyer (bridging visa) set up a Trust Structure first and than buy property under this structure (whether  PPR or
        Investing Property)?
    4. How much the cost and how long is the process of setting up a Trust (PIT=Property Investment Trust), and what  
        documentation needed ?

    Thank you very much for your explanation and sharing.

    sbetreen
    Participant
    @sbetreen
    Join Date: 2010
    Post Count: 6
    November 7, 2010 - 12:07 pm

    Hi

    If you would like some advise and further education on property investment.
    You can visit our website. You can speak to an advisor and ask further questions if you like.

    Shayne Betreen
    Mortgage Broker
    Gain Financial Solutions
    [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    November 7, 2010 - 12:49 pm

    Or you could merely post the questions on the forum and get imput from everyone without feeling like you are being sold something.

    I believe Terry has already more than adequately answered this question in the other thread.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Ben KBen K
    Participant
    @ben-k
    Join Date: 2010
    Post Count: 103
    November 7, 2010 - 1:54 pm

    As Richard said,
    The forum is a fantastic place to start, you can pick and choose the advice you heed and over time you will see who is here simply to help, and who is here to promote themselves or their services.

    read as much as you can and form your own opinion, but take your time!

    good luck

    Ben

Viewing 4 posts - 1 through 4 (of 4 total)

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