Do I need to see a Financial Advisor? Looking at my Investment options.

im not sure how much knowledge u have with financial matters – that would alter your reliance on other sources.  but as for me, im a stay-at-home-mum who has had no history with investing or even really planning for my financial future.  so i had very limited knowledge and it made complete sence to go see a financial planner.  I knew where I wanted to be, what goals I had.  But I had no idea about the best way to get there was.  so it was worth the money in my case

for me i wanted more than "you go invest this much money", i wanted someone to look over every aspect of my finances – superannuation, savings, IP, whether i should get into the stockmarket, my insurances etc.  so i feel much more secure and knowledgable now

and with 2 kids aged two and four, i have limited time to do my own research.  i still do, but not to the standard of being able to make my own educated financial decisions without the guidance of an expert.

you have a great amount of equity and savings to get u starting with investing in property – so good luck whatever course u choose

Hi Samblers

Good to see we have another Pom on the forum so i am not outnumbered by the locals.

Hate to say it is as easy as using your $50K as deposit for an IP and borrowing the balance especially if you intend to make this acqusition tax effective and structure the loans correctly.

I am certainly not putting down your mortgage broker who is probably a very nice person but if they havent experience in having investor clients or is not a Financial adviser the advice you are given could end up cost you a lot more in the long run.

Depending on the type of property you purchase would initially determine the entity you would use whether it be a Discretionary Family Trust or individual names, joint tenants / tenants in common.

Then you need to see the structure of the debt and whether you are prepared to have the loans cross collateralised.

Personally I would do this as a last resort and you can read my previous comments on loan crossing.

As i say it is fairly straight forward if you know what you are doing but  they tell me the same about brain surgery and I would never attempt that myself.  
  

As Terry has pointed out you need advice however just remember your mortgage broker unless she is a licensed financial planner is unable to give advice about the offset account.

Sam

Yes, that is the way to do it. Set up a separate loan securred against the PPOR and drwan down on this for the 20% deposit and other costs.