All Topics / Help Needed! / Looking for financial advisor…

Viewing 14 posts - 1 through 14 (of 14 total)
  • Profile photo of Chan PaulChan Paul
    Participant
    @chan-paul
    Join Date: 2003
    Post Count: 9

    Does anyone know of or has a good financial advisor?

    I need advice regarding investment properties and also self employment on return to Aus. I need an advisor that has experience on IPs rather than trying to push shares etc.

    I am currently overseas so all will have to be done via email, is this is possible.

    I am not fussy what state of Aus they are in.

    Cheers

    AIA

    It it is going to be, it is up to me….

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    Not aware of financial advisors that wouldn’t steer you in the direction of shares, bonds, cash (or a combination of all).

    I would suggest a good mortgage broker initially (and one who has invested in property), there are many on this forum who would be able to help. This will confirm what you can and can’t do initially. A good accountant as well. (I have a couple of suggestions, which I can private message you with if you like)

    James

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    hi AIA

    i’m with james its hard to find financial planners who even understand property. they don’t even do a unit on property in there course[?]

    i’d read this forum and you will learn more about property than anywhere.[^]
    regards westan

    I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Hi

    I am actually sharing an office with a Certified Financial Planner (who was recently judged best in the state by IFA and Macquarie Bank). He runs a fee for service practice (which means he rebates any commissions) and therefore has no bias towards any asset class or financial products. His name is Sean and his email address is [email protected]

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Chan PaulChan Paul
    Participant
    @chan-paul
    Join Date: 2003
    Post Count: 9

    Thanks all for your answers!

    It it is going to be, it is up to me….

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Aussies,

    Check out http://www.navra.com.au

    Steve Navra ran two day weekender courses which cost $286/person (basically a cost recovery charge)- seems they have become one day courses at ~$180 since last year.

    Steve advocates property as the core asset in an investment portfolio because of the advantages of gearing. Be aware he is a ‘growth’ investor rather than an ‘income’ based income and uses equity to leverage into shares – he also has a unique share fund for those people who want to invest via a fund rather than getting their hands dirty directly.

    Steve also uses a cashbond approach to overcome the serviceability issues encountered by growth focussed investors.

    Ultimately Steve’s message is to use your money (including equity) to maximise your growth and income opportunities.

    Disclaimer – I attended his course and own some units in his fund.

    Derek
    [email protected]

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    Peter Spann’s company freeman fox http://www.freemanfox.com.au also have a financial planning arm, where they happily discuss shares and property with you.

    Cheers
    Mel

    Profile photo of spider2spider2
    Member
    @spider2
    Join Date: 2003
    Post Count: 81

    Hi Derek,

    I am attending the next STEVE NAVRA seminar in Sydney, the april one. I have read a bit about his cash bonds but can’t get my head around them yet. I have a meeting planned for this wednesday with someone in his office, apparently this is free and goes for a hour or so. I have heard some good words on Steve, I’d appreciate your views..

    Spider

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Spider,

    The core of the Navra strategy is capital growth and using the available equity for further investments and/or lifestyle expenses. Obviously structuring would need to considered to maximise these avenues without muddying the waters.

    Steve Navra advocates using your $$$ in as many ways as possible to create your wealth. This is achieved through the growth in the value of your own home and the rental income saved, leveraging into investment properties to create an income stream and more growth and leveraging again into shares for growth and dividends. It is really about ensuring every dollar works as hard as it possibly can.

    Navra recommends property be the core of your overall strategy due to leveraging advantages. As ‘bits of equity become available’ use these funds to buy shares as they have long term provided better returns than property (high return advocates sit down [:p]!). As equity and income levels allow relaunch into more property via a line of credit and so on.

    When serviceability limits kick in (and as a last resort)use surplus equity to purchase cashbonds. The cashbonds provide a recognisable income stream which can be used to overcome serviceability issues.

    Now the tricky part – a cashbond earns you income but in the main this is less than the cost of borrowings used to buy the cashbond. On the surface this appears to be a backward step – but you need to remember the additional cashbond allows you to borrow more.

    With careful selection and comprehensive research the additional growth benefits far outweigh the costs incurred to purchase the cashbond.

    Hope that is of some assistance – I am sure Steve will be able to explain the whole process more fully than I.

    Derek

    [email protected]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    hi Derek

    I have done the Navra course and consultation, but still can’t understand if you are experiencing serviceability problems, how to you get at the equity to release it to purchase the cashbond in the first place. Without using low doc loans of course. Do you know?

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Terry,

    It must be said from the outset that the cashbond is an option of last resort and yes if you have some money left in a line of credit then use that by all means.

    If, on the other hand, you have reached the serviceability wall and have room in your line of credit then Steve has developed a relationship with one of the big four banks which allows the ‘serviceability’ issue to be momentarily overlooked while the cashbond is put in place.

    If you know a good broker they may well be able to do something similar [:D]

    Derek

    [email protected]

    Profile photo of spider2spider2
    Member
    @spider2
    Join Date: 2003
    Post Count: 81

    Derek

    Thanks. I’m booked into the next seminar on 03 Apr…I’m starting to understand his strategies but wow all that debt…

    Spider

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Spider,

    But what about all those assets?

    Derek

    [email protected]

    Profile photo of spider2spider2
    Member
    @spider2
    Join Date: 2003
    Post Count: 81

    Charles J Givens in his book “financial defense” stated assets are the meaning of life. Maybe, as long as they are appreciating

    Spider

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