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Once you have a good mortgage broker.. the relationship and the history will allow you to benefit from better service. Don't be greedy by asking for a rebate on commissions. If you keep using them it means you they have done a great job for you… Don't ask them to discount.. that's a quick way to destroy a good relationship.
What about the incentive offered by the state Government. If you buy new and live in it for a short period, then the Government will give you $15,000!
Read this to find out more: https://greatstartgrant.osr.qld.gov.au/
In most cases, buying an investment property in a trust over complicates things and isn't worth the time, effort and costs to buy in this set-up.
Always best to consult your accountant that can advise you as to how you should purchase your next investment property.
Hi All,
To simply find the sold price of a property that was sold more than 3 months ago, most of the time you can find it for free using the website onthehouse.
If that doesn't work for you, then try your local real estate agent or a friend in the industry that has access to RP Data.
Each state is different about what information they release but this is a start.
Jamie M wrote:brmiau wrote:Why does that concern you? It's only to find out how much we can use to invest through equity etc… Then we'll make the call on what we are going to do.Bad idea?
Hi brmiau
I'm obviously a broker – so this will come across as biased but a lot of bankers (and brokers for that matter) don't know the first thing when it comes to loan structures for investors.
Your current bank will also be restricted to their own in-house products and you'll be at the mercy of their own borrowing capacity calculations.
Cheers
Jamie
Hi brmiau,
This is very true what Jamie has stated. You need to make sure the loan structure is right for your circumstances and not just what the bank can provide you. We see it all the time with our clients coming to us to buy a property.
If you are looking to build a portfolio, your most important asset in the whole process is a good mortgage broker!
