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raj_paras
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@raj_paras
Join Date: 2012
Post Count: 7
February 15, 2018 - 4:19 pm
@Bjoern I was wondering if you did end up buying a property through WhereGroup?
If so, could you share some insights on your purchase & experience.
I too am currently looking to buy there. They charge a substantial fee for their services, so I am wondering whether to play it safe & use an agent or go about it myself.
- This reply was modified 6 years, 9 months ago by raj_paras. Reason: Notification
raj_paras
Participant
@raj_paras
Join Date: 2012
Post Count: 7
October 3, 2012 - 12:44 pm
Hi Terry,
I spoke to a mortgage broker about doing this. He suggested that I need to get a loan schedule advice from an accountant and he would arrange loans based on this advice. Is this true? I was under the impression mortgage brokers were supposed to provide a loan schedule based on the client's requirements. Also, given the end result, I want to achieve, would it be best for me to get advice from an accountant or solicitor?
raj_paras
Participant
@raj_paras
Join Date: 2012
Post Count: 7
September 7, 2012 - 12:53 pm
Thanks Terry. I will have a look. Also, are there any tools or information that can useful in figuring out which option would be more suited for my situation i.e choose the spousal transfer option or maintain positive cash flow and use the income to buy more properties.
raj_paras
Participant
@raj_paras
Join Date: 2012
Post Count: 7
September 5, 2012 - 6:22 am
The house is also in VIC. It is still our PPR while we build the new house. Looks like the spousal transfer might be the better compared to the trust option. Can you please advice where I can find more information on how to do this? Also, can this be done at any stage i.e before/after we apply for the loan for the new PPR (we haven't applied for the loan yet)
raj_paras
Participant
@raj_paras
Join Date: 2012
Post Count: 7
September 5, 2012 - 3:16 am
Thank you all for your responses. I really appreciate it.
@catalyst – What's the status of the IP? We've had IP for about two years and its currently rented out at $320/week. I am not looking to sell it for the time being as I am able to deduct its expenses.
@ Derek & Terryw – I do live in VIC. The house is owned jointly by my spouse and I. Would the spousal transfer still work for my situation.
@bardon – this sounds like a good option but also seems like there's a fair bit involved in doing this. Is this something which can be done without the assistance of a financial planner. I also need to mention that I am fairly new to property investing.
raj_paras
Participant
@raj_paras
Join Date: 2012
Post Count: 7
September 5, 2012 - 3:16 am
Thank you all for your responses. I really appreciate it.
@catalyst – What's the status of the IP? We've had IP for about two years and its currently rented out at $320/week. I am not looking to sell it for the time being as I am able to deduct its expenses.
@ Derek & Terryw – I do live in VIC. The house is owned jointly by my spouse and I. Would the spousal transfer still work for my situation.
@bardon – this sounds like a good option but also seems like there's a fair bit involved in doing this. Is this something which can be done without the assistance of a financial planner. I also need to mention that I am fairly new to property investing.