Hi all, want to help a daughter get into property market and protect
our interest can u suggest waysto go about it.
Regards RobngeoffEducate her – buy her some books and teach her what you have done.
Lend her a deposit – do not go guarantor.
With a loan your downside is that loan – if you go guarantor then you can lose a lot more if she marries poorly, turns to drugs or a life of crime.
Cheers,
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.
I’m not a big believer in handouts but times are tough when it comes to first house purchase.
Ive told my kids, if the they save half the deposit, I will match it. This will proove to me they are serious and can make the mortgage repayments.
Has she shown an interest in investing in property? If so, that’s a good start!!!
Investment Property Management
http://www.adprop.com.au
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