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Hi All,
Thought id give those of you interested a update with my progress. Keeping in mind im not the fastest mover when it comes to getting off my a$$ and getting things done.
I got a phone number for a financial adviser from my bank (Credit Union). After a week he finally returned my call. I told him i was interested in purchasing a investment property and would like some advice on how to go about doing this. He told me in not so many words that he couldnt really do much. He told me i needed to visit my bank first and sort out the investment loan with them, then if i wished i could contact him for advice with negative and positive gearing and so forth.
Sounds to me he is either lazy, too busy or like QLDS007 mentioned he could see no commission on the horizon.
I would like to know if i should visit my bank first and sort out the loan with them avoiding any need for a FA or should i ignore what he said and find one who actually wants a new client?
Thanks again and im slowly bringing the wife around.
jR
Hi All,
Thanks for the great feedback guys. I was starting to think i was kidding myself as we are not in the high income range and our house is well below the average price.
Well im happy with the feedback so im going to organise to see a financial adviser as i really have no idea on the best way to structure this. Hopefully he does a better job in convincing my wife and if done properly is not a massive risk just one that needs to be thought thru.
Thanks again and much appreciated. Anymore thoughts are welcomed.
Cheers,
jR