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  • Profile photo of Pat McPat Mc
    Participant
    @pat-mc
    Join Date: 2012
    Post Count: 3
    August 28, 2012 - 6:58 am

    Hi Derek,

    Thanks for this info, how do I navigate the page to the relevant section you are talking about?

    Regards

    Pat

    Profile photo of Pat McPat Mc
    Participant
    @pat-mc
    Join Date: 2012
    Post Count: 3
    August 28, 2012 - 6:14 am

    Hi All

    I am new to this site and keen to start investing and could benefit from some advice/ suggestions from those who have been in a similar position.

    Plan is to commence a property portfolio, in forthcoming months. My immediate goal is  to have at least 2 properties bought by Jan 2013. My long term goal is to stop working FIFO in 3-5 years and be a full time property investor.

    Facts

     $90k  savings

    Have no assets or debts

    Salary 190k gross

    Home loan pre-approved of $1,100,000

    Interested in property in the Perth area.

    Keen to buy a unit in Perth for $320000 and will put in an offer in 2 weeks. 

    Questions.

    Anyone recommend a good financial advisor in Perth and a good accountant.

    What mortgage would be best, ie interest only, or would it be best to start paying loan even though capital may be needed for next property.

    Given salary would it be best to register as a discretionary trust from the start of this IP journey.

    Any suggestions, comments greatly appreciated..

    Regards

    Pat Mc

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