Hi all

Do people see accountant for advice on how to invest in property? I just thought they are use at end of year with their tax return or to keep their finances in order. I have Jamie M as my Mortgage broker. He's been great, promptly replies to all my queries and very helpful. Definitely recommend him to anyone, especially those like myself just starting out. Thanks

Anyway, over the past few days I been coming up with many different scenarios as to how I can make the best gain. Not sure whats the best options.
Should I purchase apartment or unit closer to city, or further away but then I can afford a house or townhouse?
Do I purchase property that I can afford that I can pay comfortably by myself or ones that more expensive but would have to rely on tenants for income? (either way I'll renting it out)

Here are some of the things that need to be consider
– currently living at home, no plans to move out
– no major bills, just mobile/phone bills, internet , world vision, health insur, car insur and gonna to add income protection
– car loan, not much so no biggie
– long term investment like 5 + years
– income base $50k but more with optional extra/ overtime works. plus another 10-25K (definitely be working more)
-currently have $75k
What would you do in this situation?

Ta
Anh

Thanks for your helpful advice. I know now its definitely wise and best to get a mortgage broker assistance.
As a inexperience first home buyer there’s of options and hidden costs associated with
mortgage that a broker can explain and answer questions you may have.
I’m guessing Jamie a mortgage broker? But isn’t he from NSW. I’m from Melbourne.

Would I have equity in the house if I’m only making interest only repayments? Is the there a limit of how much money
You can take out from offset account or the maximum withdrawal in one go?
If I plan (likely) to invest in another ip I would just use the deposit from my offset account.
Unless you mean the increase in value from my property over time?
I will definitely ask about it
Thanks

Anh

hi

bluegrass im from melbourne
never thought i would be considering buying a house if you had ask me this time last year. in debt with a girlfriend ; i wonder why
however things turned bad, put myself together and worked my ass off. i mean doing like 11- 13 hours days. thank goodness for overtime and extra work. paid all off except car loan
originally i want to buy property to reduce my taxable income, as seeing everyone else has a larger tax return. but now i have goals i thought never would be possible
anyway thanks for listening

anh