All Topics / Help Needed! / Starting out

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  • Profile photo of leesafinchleesafinch
    Member
    @leesafinch
    Join Date: 2006
    Post Count: 1

    I am just starting out and I need ANY helpful tips to get me on my way.

    I know there are so many incorrect ways to enter into investments and I do not want to get caught in a trap where I am losing money as opposed to gaining.

    Please help!!!!
    [biggrin][blush2]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    When you start your venture into property investment one of the most important consideration in my opinion is to ensure that you structure you loans and property correctly.

    This would involve both consideration inb respect of the Tax effectiveness of the investment as well as the manner in which the property is held. Consider the use of a Trust structure to reduce liability.

    In any investment there is risk it is just a matter of managing that risk and setting in place certain things to mitigate such liability.

    Richard Taylor
    Residential & Commercial Finance Broker
    **Lodoc Commercial loans from 7.39%**
    Licensed Financial Planner
    Ph: 07 3720 1888
    [email protected]

    Richard Taylor | Australia's leading private lender

    Profile photo of foundationfoundation
    Member
    @foundation
    Join Date: 2005
    Post Count: 1,153

    The most basic question would be – what return am I getting for the money I’m investing.

    Profile photo of grossrealisationgrossrealisation
    Member
    @grossrealisation
    Join Date: 2005
    Post Count: 1,031

    hi leesafinch
    first forget return and or even investing
    first learn.
    you are in bris so go to a couple of investing meetings
    next get to an accountant in bris that does investing structure somersoft.com have a bris meeting good place to start. or if they have a property invest group bris go there.
    next sit down and work out what you are going to invest in
    next what your risk levels are high risk /low risk.
    next time how much time you are going to put into this project and money to learn.
    then and only then
    spend out money on your journey to wealth.
    at this stage you will already have your structure and with the knowledge you have learnt,
    you should know what returns depending on risk you wish to make.
    the biggest and best weapon in your fit to get thru that journey to wealth in knowledge.
    its no good getting in a car to go somewhere unless you have a map.
    map it out first.
    but make sure your car is ok hence get the structure right.
    sounds simple but thats what investing is.
    get it wrong and its expensive to repair a car
    same is it repair a structure( the structure is alot more)
    my .002 worth and this is not advice and should not be taken as such

    here to help
    If you want to get involved in some of the projects I’m involved in email to [email protected]

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