Forums / Property Investing / General Property / Best way to get interested son involved

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  • Profile photo of propBuyer23propBuyer23
    Participant
    @propbuyer23
    Join Date: 2018
    Post Count: 2

    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.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,058

    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 / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 271

    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

    Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 275

    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 Me

    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

    Profile photo of propBuyer23propBuyer23
    Participant
    @propbuyer23
    Join Date: 2018
    Post Count: 2

    Thanks for your advice everyone!

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 271

    Pleasure, any further questions ask away.

Viewing 6 posts - 1 through 6 (of 6 total)

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