Hi God of Money, 

My response to Pasha is similar to an earlier one as I found that the questions where almost identical – wanting to know what to do when they are getting started?  Thats all….

Thanks again for your question though..

Take care

Jodie
Property Coach and Finance Specialist

http://www.multiplepropertyservices.com.au
I help people realise their lifestyle goals using property as the vehicle.. As me how today – no cost and obligation free!

Hi God of Money,

I am not saying to to set up a DFT – I am simply saying that when starting out you need to understand why you would set it up and what benefits it gives you..

I am sorry if I gave the impression that I was against DFT (I absolutely am not!) I just hate seeing people rushing into setting something up that may or may not suit their circumstances or goals.. Thats all… 

I was not and do not spruck about tax deductions etc…  I was just wanting to encourage the reader to make sure they are informed about what benefits it will give them and then make a decision on that..

Thanks so much for your comment I didn't realise I gave that impression – as it wasn't my intention at all…

Thanks again God of Money… 

Take care

Jodie

Hi Elisa82,

I think that the first thing is to establish what your goal/objective is (ie retire in 5 years with X passive income, holidays for 3 months of every year, put childrent through private school etc)…

From that point I think that you need to do a review of the properties you currently have to identify potential equity, costs etc  From there its worth doing a quick calculation to work out what you can potentially borrow to buy your next property.

You need to also establish what your comfort levels are – ie renovations, developments, buy and holds etc – ie what sort of property do you want to buy?

Once you have established these then you can move on to looking at things like structures – ie what would be the best solution for you, idenfityin areas that are going to provide you with the solutions to your strategy (ie high capital growths or area that gives you the opportunity to buy low, renovate and quickly sell to generate equity etc), finance – getting your approvals in place etc..

Its very exciting and I completely understand you not wanting to make the wrong decision as you have worked hard to get where you are.. Its also great that you are taking the opportunity to educate yourself before you launch into something!

I hope this helped somewhat??  Good luck with everything!!

Wishing you the best future in your property investing journey!…

Jodie
Property Coach and Finance Specialist

 http://www.multiplepropertyservices.com.au.
I help people realise their lifestyle goals using property as the vehicle.. As me how today – no cost and obligation free!

Hi there,

I think you need to start with your goals and objectives – why do you want to invest in property in the first place?  Whats the end game look like?

Once you have that established then you can work through what are you comfortable or interested in doing – ie renos, developments or just buy and holds etc?

Once you have that established then its a matter of doing the research and ensuring you have the right structures and finance in place (not just for this property but that everything in in order for the properties you intend to buy in the future (whilst continually referring back to your goals!) so that you don't hit any brick walls or blockages on your journey…

In relation to setting up a trust etc – they cost on or around $2000 to establish and you really need to identify why or if you need to set one up?  I am all for them but I see many of my clients rush out and set up a trust when they don't necessarily need to..

You need to build a great team of people around you (ie accountants, conveyancing etc)  These are the go to people and will be instrumental in ensuring you always walk down the right road – (towards achieving your goals!) and will help you limit mistakes that may cost you (either financially or emotionally)

I hope this helps, and good luck on your property investing journey!

Take care and best wishes

Jodie
Property Coach and Finance Specialist

http://www.multiplepropertyservices.com.au
I help people realise their lifestyle goals using property as the vehicle.. As me how today – no cost and obligation free!

Hi there, You have so many questions and given you are just starting out you are absolutely doing the right thing in making sure you have all the information and set up your structures etc correctly right from the word go..

I am not sure exactly what your ultimate objective is?  You can't take a line of credit or borrow money from a property that doesn't belong to you so your Dads property is his property (from the Banks prespective).  There is other alternative options just depends on your objective??

I am more than happy to talk it through with you drop me an email at [email protected] and we can work it through…

Jodie
Property Coach and Finance Specialist

http://www.multiplepropertyservices.com.au
I help people achieve their lifestyle goals using property as the vehicle.. As me how today – no cost and obligation free!

Hi there,  The other alternative is that your employer provides you with a letter to say you will or have passed probation?  There is a number of ways to word it that works for the banks and works for the employer – just takes a bit of thought and negotiation..

More than happy to discuss or help further – email me at [email protected]

Good luck and I hope it all works out the way you want it to!

Best wishes.

Jodie

http://www.multiplepropertyservices.com.au

Hi there, Check out our website – http://www.multiplepropertyservices.com.au.

We don't tell you what we think you should do nor do we try to sell you house and land packages, off the plan apartments, books, CDs etc!

We work with you – and your own circumstances to help you achieve the goals and dreams you have, using property as the vehicle! We provide ONE ON ONE coaching – not sitting in a room with 100s of others and only giving you half of the story/skills etc..  We work out your goals and objectives, the timeframe you want to acheive it in and then start working through structures, finance, different strategies, asset protection etc.

I too have many postively geared properties – some stand alone tenancy, some dual occupancy, some units..  I have and also assisted my clients through property reno's/flips, add value – buy and holds, options, developments (I just helped one of my clients through their first development which is going to provide them a minimum return of over $300,000!) 

We have also done JV's between clients as well.  We also have experience in buying property through their self managed super funds.. 

There is no wrong strategy or venture you just need to ensure that you are fully informed and aware of the pros and cons of each – continually referring back to your goals to ensure that each step or decision you make gets  you closer to achieving your goals!  Its also beneficial to have someone there to call upon to help, support and motivate you to make your dreams a reality!

Would be happy to catch up if you would like to discuss further, you can email me at [email protected]

Take care and best wishes on your property journey!

Hi there, Check out our website – http://www.multiplepropertyservices.com.au.

We don't tell you what we think you should do nor do we try to sell you house and land packages, off the plan apartments, books, CDs etc!

We work with you – and your own circumstances to help you achieve the goals and dreams you have, using property as the vehicle! We provide ONE ON ONE coaching – not sitting in a room with 100s of others and only giving you half of the story/skills etc..  We work out your goals and objectives, the timeframe you want to acheive it in and then start working through structures, finance, different strategies, asset protection etc.

I too have many postively geared properties – some stand alone tenancy, some dual occupancy, some units..  I have and also assisted my clients through property reno's/flips, add value – buy and holds, options, developments (I just helped one of my clients through their first development which is going to provide them a minimum return of over $300,000!) 

We have also done JV's between clients as well.  We also have experience in buying property through their self managed super funds.. 

There is no wrong strategy or venture you just need to ensure that you are fully informed and aware of the pros and cons of each – continually referring back to your goals to ensure that each step or decision you make gets  you closer to achieving your goals!  Its also beneficial to have someone there to call upon to help, support and motivate you to make your dreams a reality!

Would be happy to catch up if you would like to discuss further, you can email me at [email protected]

Take care and best wishes on your property journey!

Hi there, Check out our website – http://www.multiplepropertyservices.com.au.

We don't tell you what we think you should do nor do we try to sell you house and land packages, off the plan apartments, books, CDs etc!

We work with you – and your own circumstances to help you achieve the goals and dreams you have, using property as the vehicle! We provide ONE ON ONE coaching – not sitting in a room with 100s of others and only giving you half of the story/skills etc..  We work out your goals and objectives, the timeframe you want to acheive it in and then start working through structures, finance, different strategies, asset protection etc.

I too have many postively geared properties – some stand alone tenancy, some dual occupancy, some units..  I have and also assisted my clients through property reno's/flips, add value – buy and holds, options, developments (I just helped one of my clients through their first development which is going to provide them a minimum return of over $300,000!) 

We have also done JV's between clients as well.  We also have experience in buying property through their self managed super funds.. 

There is no wrong strategy or venture you just need to ensure that you are fully informed and aware of the pros and cons of each – continually referring back to your goals to ensure that each step or decision you make gets  you closer to achieving your goals!  Its also beneficial to have someone there to call upon to help, support and motivate you to make your dreams a reality!

Would be happy to catch up if you would like to discuss further, you can email me at [email protected]

Take care and best wishes on your property journey!

Hi there, Check out our website – http://www.multiplepropertyservices.com.au.

We don't tell you what we think you should do nor do we try to sell you house and land packages, off the plan apartments, books, CDs etc!

We work with you – and your own circumstances to help you achieve the goals and dreams you have, using property as the vehicle! We provide ONE ON ONE coaching – not sitting in a room with 100s of others and only giving you half of the story/skills etc..  We work out your goals and objectives, the timeframe you want to acheive it in and then start working through structures, finance, different strategies, asset protection etc.

I too have many postively geared properties – some stand alone tenancy, some dual occupancy, some units..  I have and also assisted my clients through property reno's/flips, add value – buy and holds, options, developments (I just helped one of my clients through their first development which is going to provide them a minimum return of over $300,000!) 

We have also done JV's between clients as well.  We also have experience in buying property through their self managed super funds.. 

There is no wrong strategy or venture you just need to ensure that you are fully informed and aware of the pros and cons of each – continually referring back to your goals to ensure that each step or decision you make gets  you closer to achieving your goals!  Its also beneficial to have someone there to call upon to help, support and motivate you to make your dreams a reality!

Would be happy to catch up if you would like to discuss further, you can email me at [email protected]

Take care and best wishes on your property journey!