Hello i'm new here, I'm so glad to be part in your community.
G'day,
Im new here too, just bought my first property… so looking forward to reading up on all the useful tips etc
Hi !
I'm newbie here. Happy to be members of the forum.
I hope we will have great time here. and I'll try to contribute to forum develop more.
I'm positively looking forward to the forum and its members,
hope all will guide, share and help me to increase my knowledge. Nice to meet you..Hi Avena
Welcome aboard.
I have no doubt you'll find the forum useful.
Cheers
Jamie
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]
Hello friends…
I am ortonstarus I am very glad to participate in this community. I always prefer to know some best information about loan. I always want to prefer to share some best knowledge with each other and also getting some best information about banking loan. I am new for join this community to participating some best debate.Hello Everyone,
I'm so glad I came across to this forum. It has been helping me in a lot of ways.
hi reandebris and others,
share your questions and experience and we'll be happy to talk to you
Howdy everybody. It's just so nice to be part on this great forum.
Hi reandebris, hey jbrogz,hello avena, g'day orsonstarus, welcome carlescrowley and howdy kentotoole and a big hello to all the other newbies to propertyinvesting.com
It's so nice to meet you all. Continue to share your storeis and ask your questions, and our community will be happy to help you on your property investing journey.
Welcome All……
You all are on the right place to learn form the experts, Try to read as much as you can from the old treads on this forum to learn new stuff
Hi all! New member myself!
*wave* Pretty glad i stumbled across this site. Bound to be of use and help.Currently looking around the eastern suburbs of Sydney for a 1st investment property.
Got a sizable deposit ready. Just need to find the right property (pretty scary as you can imagine being my 1st purchase)
Hey Julz,
Eastern suburbs of Sydney have typically more pricey properties but the demand for properties there will be good long term I think. Try and negotiate the price as best as you can!
It's all about taking that first step. Good luck.
Hi Julz919,
*Wave back *
Warm greetings to my co-newbies out there…
Hi All
I am new to this site and keen to start investing and could benefit from some advice/ suggestions from those who have been in a similar position.
Plan is to commence a property portfolio, in forthcoming months. My immediate goal is to have at least 2 properties bought by Jan 2013. My long term goal is to stop working FIFO in 3-5 years and be a full time property investor.
Facts
$90k savings
Have no assets or debts
Salary 190k gross
Home loan pre-approved of $1,100,000
Interested in property in the Perth area.
Keen to buy a unit in Perth for $320000 and will put in an offer in 2 weeks.
Questions.
Anyone recommend a good financial advisor in Perth and a good accountant.
What mortgage would be best, ie interest only, or would it be best to start paying loan even though capital may be needed for next property.
Given salary would it be best to register as a discretionary trust from the start of this IP journey.
Any suggestions, comments greatly appreciated..
Regards
Pat Mc
Welcome Pat Mc.
Pat Mc wrote:Questions.
Anyone recommend a good financial advisor in Perth and a good accountant.
I use Shreeve and Carslake in Herdsman Business Park for my accountancy work – they also operate as FP.
Having said that most FPs are not pro-property as little (or none) of their training focusses on direct property investing. I have made all of my own property decisions.
Quote:What mortgage would be best, ie interest only, or would it be best to start paying loan even though capital may be needed for next property.Generally speaking you are best to use interest only loans for your IPs. Adding to this I would also recommend you find yourself a good broker to provide you with the assistance you require. Having your loans structured correctly from day one will be invaluable to you in the long run.
PS Would also add you will get more feedback by asking your questions in the relevant section of the forum.
Hi Derek,
Thanks for this info, how do I navigate the page to the relevant section you are talking about?
Regards
Pat
Hi Pat,
No worries.
The forum homepage is located at https://www.propertyinvesting.com/forums
The forum then breaks into various sections in an attempt to keep similar and related topics in the same section.
For example your accountant question would best be served in tax and accounting forum
Forum > Legal and Accounting Section
And your finance question would be best served in the finance section.
Forum > Finance
Hope this helps.
Hi Pat,
Your income is fantastic but your deposit base is not so much. Depending on your future needs it sounds like you need to be able to park and accumulate funds so you need to consider an Interest Only loan with a linked offset. This way you can start accumulating the principle payments in an offset account that can be accessed in the future as a deposit for further IP purchases.
Also is your pre approval a system generated approval or is it credit assessed?
The reason I ask (I hope I don't sound rude) is that I am unsure who you have been preapproved with a $1,100,000 loan with a $90,000 deposit. Do you have additional savings?
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Hello Everybodeeeeh!
It is so nice to be part in this great forum. I've been checking lots of stuffs since my first day:)
*wave* Pretty glad i stumbled across this site. Bound to be of use and help.
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