Greetings,
My wife and I stumbled on a few books, one of them being Steve’s book “0 to 130…” – I’m sure you all know the one.
We are new to the country, been here for a few months as permanent residents, coming from South Africa (good rugby, but we won’t mention it), anyway, we are keen to get going with investing in property, but – I guess a familiar situation – where to start???
We are trying to put a strategy together to help guide us – although we have never embarked on something as audacious as this. So I have some questions that I hope some of you guru’s (in comparison to us you are) can help us with.1.We live in Sydney, North Shore – Are there really any positive geared properties to be found?
2.What are good resources to use to find them?
3.Can anyone make any recommendations for a good Accountant (in the Sydney Area) to help us with the tax and financial related issues?
4.Ditto that for a good Solicitor – for the legal side.
5.Can anyone suggest any good books etc that I can read to get ready for this adventure?
6.Once you find a property, I guess the next thing is to decide how to finance it… Interest only etc. How do you decide?
7.We don’t own a house as yet; can we still get a loan for an investment house/s?
Any and all help will be highly appreciated.
Kind Regards,
Welcome to Australia!
Some quick answers to some of your queries – same numbering used:
2. http://www.realestate.com.au and forums such as this one will help identify areas to look at.
3. Nick Moustacas is your man at http://www.strategicwealthmanagement.com.au
5. Do a search for books and you will see many recommended here.
6. Establish a relationship with a good mortgage broker. He will help you decide the best avenue and then put it together at no charge.
7. Absolutely yes.
All the best
Simon Macks
Residential and Commercial Finance Broker[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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