You can rent it out – but take into account CGT implications as well as any concessions that may have been granted if you’re a FHB.

Cheers

Jamie

You need to trust the person you’re dealing with – and it’s your right to speak with more than one service provider (in any field) before deciding on who you’ll use.

Like Marty said – a quick chat over the phone or a few emails normally provides an idea of whether the person you’re dealing with knows their stuff.

The thing that gets irritating for brokers is when we put in hours to prepare advice/structure and the client takes that advice directly to their local branch/broker. It doesn’t happen too often though.

Another thing to mention is that some brokers will want to make sure that the fit is right for them too – if something doesn’t gel, they might decide to give the business a miss.

Cheers

Jamie

Hi hot stuff

You’re in a great position.

Your borrowing capacity is good and you’ve got a fair bit of equity up your sleeve that can be accessed.

With some careful structuring and lender selection – a couple of IPs in the short/medium term should be pretty easy.

Keep in mind when kids come along your borrowing capacity falls and you may find it more difficult meeting your liabilities if one of you reduces your working hours (just something to consider when planning for the future).

Cheers

Jamie

Those costs sounds pretty standard.

Do you know anyone renting in the complex? If so – ask them what they think about the property management.

Cheers

Jamie

Property plus wrote:

Would you know a ball park percentage of what they charge? Just so I know if the one they give me is reasonable?

Thanks

Hey Luke

No probs.

I’m not sure how much they’d charge – though I do recall a thread on this forum recently where someone mentioned it. You might be able to find it.

Cheers

Jamie

magic32 wrote:

Do I need to save the whole 5% in only 3 months. It will take closer to 6 months to save 5%

All good – there’s no set time limit after the three months. Just continue making contributions to your savings and it will demonstrate a capacity to save – and therefore an ability to meet repayments on your loan.

Cheers

Jamie

It depends on the lender.

Some it will be a simple switch process – others will require a new application which means new income documents.

Cheers

Jamie

tom123 wrote:

I’m looking to purchase neutral / cash flow from day one properties.

why do you ask?

Cheers, Tom

Because too many new investors jump into overly complicated/expensive structures without truly understanding how they work and whether they’re suitable for their particular circumstances.

Cheers

Jamie

Dan85 wrote:

I’m in Melbourne Jamie. Yes defiantly after someone face to face. I was just on your website a moment ago.

Haha – my website photo didn’t scare you off did it?

Cheers

Jamie

Hi Dan

Without sounding biased – speak with a decent broker about your options.

Cheers

Jamie