Hi everyone,
My son is in his second year of university. He’s quite bright and has taken an interest in property. I have invested in multiple properties over the years but my wife was apprehensive about getting him too involved too early. I was just wondering if anyone had advice on the best way to give him exposure to investing?
Thanks.
A joint purchase could help him where he could not borrow on his own.
Or perhaps you could lend him the full purchase price and he could refinance this later when his serviceability improves.
It might also be good if he can buy a main residence and use the 6 year rule to rent it out and avoid CGT too.
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
Well one of the best property investors in Australia started out young on this forum.
I think age is less important than knowledge and understanding risk.
I purchased my first at 21 and wish I had of started sooner.
There are multiple books each with an extra piece of knowledge. but I would be more than happy to chat to him and answer any and all questions.
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Hi everyone,
My son is in his second year of university. He’s quite bright and has taken an interest in property. I have invested in multiple properties over the years but my wife was apprehensive about getting him too involved too early. I was just wondering if anyone had advice on the best way to give him exposure to investing?
Thanks.Perhaps show him what you’re doing? Maybe give him assistant duties? Nothing like learning the ropes by following your knowledgeable dad around 👍😎
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
Thanks for your advice everyone!
Pleasure, any further questions ask away.
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
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