I am wondering if disco is related to Dr Benson and pushing more information to further the cause??

Yep, clear as mud. I recognised the first link, but when it was in twice, it got me thinking…..

Great post Wilko,

Then as you develop relationships with the developers, you can learn about the property market as well. Where are you located? Are there many developments occurring in the area? I think it would be easier to start a business in an area you know in depth, rather than learn a new market (property spotting, then develop a business out of it).

John Lindeman and Terry Ryder are 2 big names in hot spotting. Or are you looking more at being a buyers agent? There are many BA on this forum or at rebaa.com.au (or am I totally off the track here?? .

Hi Spongy

Reading this thread, I think so many forumites can agree with you – the analysis paralysis, being hesitant, one partner holding back etc etc.

Jac, Richard and Jamie have all provided great comments and I definitely think starting with Jac's question about the fear is the one to start with – for yourself and your husband – make sure you are both on the same page.

I am the more active person in property investing – while my partner is very supportive, he lets me do all the researching and learning, then I present ideas to him. He is great as he asks questions and I know that if I can confidently answer the questions, then I am on the right track – if I am not sure then maybe I haven't confirmed my research, or it is not the right path for us.

As I introduced new members into the team (conveyancer, accountant, etc) we went together, so everything was clear to both of us and we were both comfortable. Richard and Jamie could confirm or deny this, but I think this would be very important as you start discussions around structuring your loans and portfolio. I am sure both would provide guidance for you about how to structure your loans so to keep within your risk tolerances.

Richard/Jamie, how do you work with interstate clients where most of your work is by email/phone? In Spongy's situation where her husband appears to be the more risk adverse person, how do you allow both parties to ask questions to ensure they are both comfortable along the way? Do you have access to Skype, do you recommend they meet you face-face initially?

Hi JacM

I am interested in your comments about buying inside SMSF. I assume that Kallan is younger and therefore, would not want to tie up his properties until he reaches retirement age?? I have an interest in buying through a SMSF and have certainly heard the benefits of buying in super. I have not taken it further as I thought that if you are younger, would it not be better to buy in your own name so you can freely trade properties to build your wealth?

Cheers,

While cost of the agent is one consideration, as Queensland tourist points out, make sure they are property savvy and up on all the latest ins and outs. It sounds as though you got your recommendations through posters in this forum, which is great.

My accountant is probably on the more expensive side, but she knows all the ins and outs and provides me with advice during the year (I don't use her solely for the annual tax return but bounce my ideas off her through the year) and she gets me a great tax return to boot (even found deductions that the last accountant missed out on)! 

In choosing my accountant, I interviewed a number of accountants, asking their comments on a range of investing topics so I made sure they were knowledgeable in the areas that I needed them to be knowledgeable in.

Here is a link to a previous post that might give you a few leads – https://www.propertyinvesting.com/forums/help-needed/4347727

Ok, so I realise this thread is rather old now, but wealthscore has scored itself a home far far away???

I was looking to have a play and see how I fared….

Yes, I would agree.

I think you would need to be ready to take action before undertaking a mentoring course such as this as they will be leading you through deals that you find and if you aren't able to act, it is all theoretical and you wouldn't get the most out of the course.

But should we start a debate about how low the rates will go in the next 6 months???

A few comments about 2% – what is this based on, and (more importantly) will the banks pass it on…..