Consulting Team needed

Yes, using ones that are investors themselves is very wise – much more likely to be good if they have skin in the game too.

Accountant and lawyer – Nathan from NGJ Accounting & Legal
Broker – Corey from Precision Funding

They’re not in Melbourne specifically, but they service lots of Melbourne clients already via phone/email etc.

• This reply was modified 8 years, 8 months ago by  D.T..

Hi Hemi,
Being in Melbourne, you have Steve and his company right there too. Do get to his Market Update (coming up VERY soon, if not already sold out) and rub shoulders with the group, and a heap of other investors who will be attending. Network with others before and after – who knows where it might lead. And plan to make the “Mega Conference” some time in June I think….

You might even meet up with Steves mortgage broker there too – or get in contact via the office number (03 8892 3800) to arrange a chat with Alistair Perry.

Here is the link to the Market Update – though most venues are “sold out”, do check by phoning the Office – there might be some late cancellations…. Or maybe you can fly to Canberra? (still some seats left there)

http://www3.propertyinvesting.com/market-update-2016

Benny

If you’re buying Melbourne – I’d also suggest putting http://qura.com.au/ into your contacts list as a property manager, they’re well recommended.

hemi3000 wrote:

Can anybody refer any good accountants, brokers and lawyers in Melbourne or online that are already property investors them selves?

Do you need face to face?

If so – Pete Tersteeg from Sage Lending is a good broker.

If you don’t require face to face then you’ve got the entire country to choose from.

Cheers

Jamie

Hi Hemi,

At the moment I have a white labelled home loan product priced at 3.99% variable, interest only or p&i, it has an offset account or can be structured as a LOC or a combination with no change to the rate. I also have a team of experienced brokers who have access to a wide range of other products, as no one loan is going to be most suitable for everyone. There are some great fixed rate products around at the moment with other lenders for example, which are proving very popular.

In the not too distant future I hope to introduce general insurance and life insurance offerings and we are currently working with a software provider to offer an internet based service which is very much like a Xero for property investors. This is being trialed at the moment by some pi.com customers and we have had some very positive feedback, hopefully it will be ready for release by the time Steve’s 3 day conference comes around.

Regards

Hi Hemi,

I haven’t looked at a scenario like this for a while so I’d have to refer the question to one of my brokers who is at the coalface. While I am sure you can fund a deal like this still, there are a few issues you may come up against. Most lenders don’t like the idea of you not putting in any money and some won’t agree to the vendor financier securing their interest behind you, particularly if you are looking at a deal like this because you don’t have any savings. For a property to be worth only $100K it must be in a small country town where there is very little in the way of settlements, this means you are likely to come across post code restrictions and also issues with getting the property valued if there are no real comparable sales.

Without knowing anything about the deal, it seems like it would be a lot of work and management with a lot of forward risk without the likelihood of very high returns. Having said this I’ve experienced plenty of examples of virtually worthless land suddenly becoming very valuable. so what do I know!

Regards

Ok Hemi not sure where you sent it but not received our end.

Cheers

Yours in Finance