Welcome aboard

Where are you looking to purchase? Is it an investment or an owner occupied property that you're looking at?

Cheers

Jamie

Hi there

There's no reason why you can't make these contacts without being a real estate agent and there are a lot of people who have done well out of property without working in the realm of real estate.

Cheers

Jamie

Maybe it's a third of life crisis

I was accused of having one of those when I bought a two seater sports car a couple of years ago….not the most practical family car but the 6 year old loves being taken to school in the "racing car."

Cheers

Jamie

Hi Leon

I guess it comes down to different strokes for different folks.

Some have a higher appetite for risk than others. There's no right or wrong answer/approach – it all comes down to what the individual is aiming to accomplish and the risks their willing to take.

Cheers

Jamie

Stay away from Chrysler Pt Cruisers! Mines been nothing but a nightmare this last week – actually, it's been a nightmare for three years.

I also found out that it's not a good idea to buy a 2 seater sports car if you're starting a family

Cheers

Jamie

Hi William

Yep, you can own a property with a friend. Any profits would generally be split in accordance with the percentage of ownership.

Cheers

Jamie

Run for the hills.

The proposed structure is a lazy set up that doesn't benefit you at all.

He/she is cross collaterising your home with your investment property and is possibly contaminating your deductible and non-deductible debt.

You need to speak with a broker who knows what their doing.

Cheers

Jamie

Hi Matt

I'd give the financial advisor a miss.

James from House of Wealth is great – we share some mutual clients and all have been happy ones.

A decent broker will advise on your borrowing capacity and loan structure and will be able to run some scenarios for you.

Cheers

Jamie

lol – I've been told there was something called an encyclopedia…..

Cheers

Jamie

Not common practice from my experience.

They normally charge a week or two for finding a tenant – after that, it's usually just a percentage of rent and some other minor admin charges for postage, ect.

Paying two weeks rent each year is quite a bit.

Cheers

Jamie