Thanks Terry I obviously have no idea of what I am talking about and have totally misunderstood the information I was given. I guess what I wanted to find out is are there any benefits to purchasing with a trust when I start out or would it be something I look into later down the track?

Hi Terry thanks for your reply. We look as though we are going to take a joint personal loan in order to be able to claim any tax benefits that will apply to this investment property. What I wanted to know is, I was told last year at a property seminar that if you set up a trust and then use that trust as the director of a seperate trust which…[Read more]

Jamie, thank you once again for your assistance. I checked out their website and it looks exactly like the type of firm I’m after. I also can see that your a mortgage broker… I was wondering what the process would be in order for me and my partner to have a consultation with you?

Thanks Jamie, is house of wealth a group? Well obviously they must be but is there someone specifically to ask for? Also how do I do a search? I’m guessing this topic has been raised in the past but I couldn’t seem to find an earlier post.

Thanks everyone, very helpful information. If anyone else has any other suggestions please feel free to message me or add to the post.

The spread sheets you use for your renovation budgeting… Do you happen to have a template? Be good to have a copy or something to go off. I’m just wondering if you go out first to get prices on carpets and blinds and paint etc. before you purchase the property or if you have a way of knowing roughly how much it would cost to do and then look for…[Read more]

Thanks for the replies. Good to know you can get paint carpet and blinds for a 3 bedroom under $2000. Was that DIY as I couldn’t imagine you could pay someone to do it all for that price? Also before you purchased your property do you get quotes from builders or evaluators? If not how do you estimate prices for the changes you want to make in…[Read more]

Cheers Terry, I know how frustrating it can be in commission based jobs as I have worked in sales for 10 years but I don't plan on wasting anyones time let alone my own. I just want to make an informed decision from speaking to a few people before I decide who to go ahead with. I'm sure by the sounds of things it will end up being Jamie but I…[Read more]

Thanks everyone for backing up Jamie. Terry I really didn't need to be told not to waste his time…. I think as a potential investor I am able to ask questions and speak to a few brokers before deciding on who to go through, how else would I learn anything? I worked as a travel consultant for over 3 years and do you think I expected everyone to…[Read more]

Excellent, I didn't realize Jamie was the one you were talking about from earlier in the post but thanks for the referral. I will definitely talk to Jamie before I go ahead with somone else.  

Why would recommend Jamie?  Just wondering if it would be worth speaking to someone long distance or trying to go locally

Cheers Jamie and Sundance. Any more information regarding these brokers and why you would suggest them?

Sorry forgot to post where I'm from…. I would preferably like someone close to Lorne in Victoria but I would also be happy with anyone from Melbourne as I regularly spend a lot of time between both places

Hey new guy thanks for your input. It makes my decision seem a lot clearer now that I take that into account. I appreciate your help and I might start up a new thread to help me with the intil borrowing process

Cheers Michael, might seem like basic info but for me its really valuable. So what do you suggest in this scenario? Would you save more money and try to reach the 20% mark and look for a similar deal later down the track. Because I also didn't take into account the loan being approved because 95% of the money is being loaned.