No worries at all – glad it helped. 

Cheers

Jamie

Hi Lydon

Welcome aboard

1. It will sound biased but a broker with experience in multiple property ownership would be your best bet in my opinion. Branch bankers are restricted to the products that their bank offers – most of them aren't experienced when it comes to the intricacies of structuring finances for investors. I know you're asking about your first home – but you need to get it right from the start.

2. It could be possible depending on the amount of equity you're able to access in the first home and your borrowing capacity at the time. It's important to set your first loan up properly in order to maximise future tax deductions.

3. Interest only with an offset is the way to go. I'd actually apply this structure to your first PPOR. However, there's no tax avoidance with this approach – I'm not sure what you meant here.

4. Look into this carefully. Some of these accounts are quite restrictive. You don't want to be in a postilion where you're ready to buy but can't access your cash.

5. Nothing wrong with apartments. It all comes down to what suits your investment strategy. If going down this path – try and avoid apartments in large complexes and be very careful with off the plan properties.

6. Talk to an accountant/solicitor about this. There's too much to cover – and the advice would be different for everyone.

Hope that helps.

Cheers

Jamie

Hiya Waggacity

Welcome aboard.

Just work that into your settlement negotiations – if it's an investor purchasing the property they might be happy to agree to a longer settlement. 

Have you called your lender to suss out what the break costs would be?

Cheers

Jamie

I've never heard of them.

What are the selling? If it's off the plan stock I'd run for the hills.

Why did they approach you?

Cheers

Jamie

Hi BLG

Welcome aboard.

It's difficult to provide a tailored response to your individual circumstances without knowing the full details of your situation but generally speaking:

 – Interest only with an offset works well. It provides flexibility now and in the future. I'd also be looking to use a lender that enables future equity releases at relatively high LVRs without too much hassle.

 – Can't really comment. Why do you feel that purchasing in a different entity will be suitable for you?

 – I would. But only one is required. If you've got a main residence place it against that loan. If you don't then set one up against your next loan.

 – Point one touches on this. If you're wanting to purchase multiple properties in a short period of time that you'll need to use lenders that are conducive to this. Access to future equity is important here.

Cheers

Jamie

Ahh – that's a blast from the past! I forgot that I'd written that.

Cheers

Jamie

Like Catalyst said – there's no shortage of information on TIC – both from a general google search and on this forum.

With any sort of property club – find out what's in it for them. How do they make their money? What do you get in return?

Personally, I'm not a fan of these mode of investing. I'd prefer to either locate my own properties or engaged an independent buyers agent.

Cheers

Jamie

Tom's on the money – 12 months to move in is usually the standard across most states.

Cheers

Jamie

lol – yep that's a good point. Might have caught the dreaded analysis paralysis.

Being a SAHM probably plays a part too – I don't know how my wife manages to get anything done. From my perspective, running a business is easy peasy compared to looking after the kids full time.

Is your husband the sole income earner at present? If so, that could explain the aversion to risk – which is completely understandable. 

Cheers

Jamie

No worries at all – glad it helped

We throw these phrases around all the time that it becomes second nature – so it's good to take a step back every now and then.

Cheers

Jamie