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  • Profile photo of psaini09psaini09
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    @psaini09
    Join Date: 2010
    Post Count: 15
    October 27, 2014 - 12:25 pm

    Hi Terry I have sent you an email on on finlaw email address, Just wanted to know your contact details to call you

    Profile photo of psaini09psaini09
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    @psaini09
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    October 26, 2014 - 10:43 pm

    Thanks Ivan nice idea, is it OK with you Terry?

    Profile photo of psaini09psaini09
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    @psaini09
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    Post Count: 15
    October 26, 2014 - 8:54 pm

    Thanks Terry i will contact them tomorrow.. will they be able to setup the trust structure as well?
    what is your recommendation about the trust structure suggested by my accountant?

    also could you please suggest someone who can check the lease documents for me and what are the approx charges for doing so?

    Also want to know your opinion on if its good to setup the trust structure with my accountant(as i am already discussing this with them) and engage the lawyers you told me to transfer the property to my wifes name or it all should be done in one go.

    Sorry for asking so many questions

    Profile photo of psaini09psaini09
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    @psaini09
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    Post Count: 15
    October 24, 2014 - 10:56 pm

    Thanks Terry, These things are so confusing and this is the first time I am dealing with them. Talk to different people and everyone says some thing different.

    Could you please recommend and Lawyer in Melbourne whom i can consult, if in SE suburbs would be better.

    • This reply was modified 10 years, 1 month ago by Profile photo of psaini09 psaini09.
    Profile photo of psaini09psaini09
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    @psaini09
    Join Date: 2010
    Post Count: 15
    October 24, 2014 - 9:08 pm

    So that is not correct then??

    Profile photo of psaini09psaini09
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    @psaini09
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    Post Count: 15
    October 24, 2014 - 8:26 pm

    Thanks Terry.. i have spoken to bank and they said I can have loan under both of us and title can be under my wifes name… my accountant told that should be fine for protection purposes. Whats ykur suggestion on this??

    Profile photo of psaini09psaini09
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    @psaini09
    Join Date: 2010
    Post Count: 15
    August 17, 2010 - 9:25 am

    Guys please give me some suggestions

    Profile photo of psaini09psaini09
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    @psaini09
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    August 12, 2010 - 10:09 am

    See for my current property i paid around 400K plus expenses and for it at the time i have give 10% deposit and so far i have paid another bit over 10% which is sitting in my mortgage and can be withdrawn.

    I went to real estate agent to know the current value of property and he told its worth around 470- 480K so i think i got bit of equity

    But  one of the biggest thing i think about is how can i get a loan to buy investment property, as i am already repaying this one??

    I am more interested in properties with positive cash flow ie buy and put them on rent

    Regarding time at the moment i am in a shift job which gives me heaps of spare time to do anything

    Regarding family i am married and planning to have kids in a year or two

    Matt_Arnold wrote:

    Hi Psaini09

    Your question unfortunately can't be easily answered as their are way too many variables…

    To name just a few, it depends on things like;

    * What are your long term goals
    * Do you have any major long term expenses forecast (Eg. 12 month O/S holiday, planned study period, change of career, desire to have kids etc)
    * How much do you have available to invest (both capital / equity and on-going cash flow)
    * What is your risk profile
    * How much time do you have to dedicate to investing
    * What style of investing attracts you (Buy and hold, renovate, develop, etc – not to mention other asset classes such as shares and business)

    Best advice is for you to find a good financial planner who has proved their worth over time (not just somebody who has a paper qualification) and have a chat with them.

    Profile photo of psaini09psaini09
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    @psaini09
    Join Date: 2010
    Post Count: 15
    August 12, 2010 - 5:11 am

    Comeon guys give me some advise… give me some suggestions to put me on right track … please help

    Profile photo of psaini09psaini09
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    @psaini09
    Join Date: 2010
    Post Count: 15
    July 5, 2010 - 11:41 am

    thanks mate.. was thinking no one is going to give any advise

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