Hi Zanymrie

A few questions off the top of my head that I'd be considering if I were in your shoes.

How are they paid? Are you paying them a fee for service or are they getting paid a kickback from the sale of the property that you're purchasing?

What type of service is actually on offer? Are they helping you locate a property (in which case I'd use a buyers agent)?

Is this something you could do yourself with a bit of research and self education?

Cheers

Jamie

He pops his head in every now and then.

Cheers

Jamie

We've always allowed pets in our IPs and haven't had any issues. It's not easy to find a rental that allows pets so the tenants are generally longer-term and good quality.

Cheers

Jamie

Yep, must admit – I've had a fair share of Destiny STG portfolio holders come to us asking for advice on their current structure. That's one area where Lomas could improve.

Cheers

Jamie

Hi Coxy

The vast majority of my clients use equity to fund their purchases.

Those starting out generally use the equity they have in their PPOR.

It's important to get the structure correct from the start – to avoid crossing your PPOR with your IPs, etc.

It looks like you've got a little bit of equity up your sleeve that could be used for your first IP – but it's hard to comment without further data.

Cheers

Jamie

Hi Jake

Congrats on your first IP.

The interest only with offset is a fantastic structure for what you're setting out to achieve.

My only pointer is that if your second property is also going to become an IP, then you could look at using the funds in the offset to pay down some of the loan from IP 1 and then reborrow it to fund the deposit/costs on IP 2. That way, you've kept all you debt deductible.

However, it's an option to consider down the track. Most important thing at the moment is getting approval on the first one.

Cheers

Jamie

Hi Tony

Have you carried out reno type work before?

It all depends on your own level of expertise. If you haven't carried out this type of work before than it will be tough.

With flat-packs, you generally put all the boxes together, than the benchtop, doors and handles. Be careful when cutting the hole in the bench for your sink (don't make it bigger than the sink!)

Splashbacks are pretty easy. You should be able to take off the entire board that the existing tiles are connected to. Put some new board up and tile directly onto it – I learnt how to do it via youtube

The sink depends on what needs to be hooked up. If you're simply swapping a mixer tap for a another – it's not difficult. If you need to alter the plumbing – than yes, get a plumber. Whatever you do, make sure the water mains are closed!

Cheers

Jamie

Hi Gobiin

I wouldn't take it personally with ANZ – to be honest, you'll probably end up disliking CBA at some point as well when one of their silly policies gets in the way of your goals.

As Michael said above – throughout your investing journey it's about matching the right bank to your circumstances at that point in time. Don't show the banks any loyalty – because they won't show it to you.

Cheers

Jamie

Yes – clients everywhere.

I assumed you were the person that wrote to me from WA this afternoon?

Cheers

Jamie

Hi Blade

I know it's an obvious response but you should put that question to a qaulified accountant.

Cheers

Jamie