All Topics / Help Needed! / Buyers Agent / Investment advisor

Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of TheNewGuyTheNewGuy
    Participant
    @thenewguy
    Join Date: 2014
    Post Count: 151

    Hi all,

    I understand that people can't advertise their services on here, but I'll see how I go with the post anyway. Rather than replying to the thread, you could possibly PM me so we're not breaking any rules? Unless of course you're just replying with general advice or previous experience, because that would be great too!

    I'm seriously looking at getting some 'professional' advice to nail down a plan for building a property portfolio, this includes property investment specific financial planning and probably the use of a buyers agent. Like most people (I guess) they freak out having to pay more money to buy a house on top of various fees and duties, whether this is through planning costs or using a buyers agent. However, having had a look around for the past few months and realising the time and effort involved, and the risks of getting it wrong, I'm starting to think the minor costs are worth it in the long run – basically the Cost-Benefit Analysis suggests I should at least investigate the options. This assumes the prices are ridiculous cool

    I understand there are a couple of people on here who are Buyers Agents and/or Investment advisors, so I would like to know who you are and start having a chat about options / costs. I figure a site like this where I can research your posts and others' opinions of you, is a good start to 'knowing you' and determining whether we're a good fit. Happy to take recommendations from other users as well.

    I live in Canberra, so anyone near here is good, but it's not essential – Southern Sydney is ok too, however I would prefer at least one face-to-face meeting. I go to Brisbane 4+ times a year as it's my old home town, so that's definitely possible. I am looking at buying my second IP as soon as I find one, but I don't want it to be in Canberra. I'm seriously considering SEQ because it's my home town, I know it reasonably well and the family is still there 'just in case', plus it is an interesting place to keep an eye on for property investment. Ideally I would like to buy another 5 or so over the next 5-7 years to build a portfolio of ~$2mil excluding my PPOR, so it would be great to set up a bit of a long term plan / goal.

    FYI – I have consulted brokers, bank managers, bank 'financial planners', financial planners and accountants etc. But I'm still not 100% convinced that they were the right people for this specific task.

    Interested in hearing anyone else's thoughts on the use of these services.

    Thanks in advance.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    I doubt you'll find much value from a fin planner. Be careful if they try to push you towards purchasing property – particularly off the plan stuff. 

    I don't personally know of any decent bankers in Canberra – but of course I'm also probably quite biased.

    If you're looking for a BA for SE QLD you could try Richard Taylor/Jac M or Andrew Allen. I don't know if they're targeting these specific areas but you could always ask them.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271

    What's your strategy and budget? i.e. are you looking for yield, capital growth, development? 

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of TheNewGuyTheNewGuy
    Participant
    @thenewguy
    Join Date: 2014
    Post Count: 151

    Hi Jamie, yes I am going to email Richard as he is obviously an active member here and has answered some of my previous posts. I hadn't heard of Andrew though, so I'll chase him down as well. Thanks for the heads up.

    Shanin, in regards to strategy that was the main thing I wanted to chat with the planner about. In my mind I'm happy to do a buy and hold (I'm in my early 30s), with a combination of yield and growth across the portfolio with the eventual idea of paying them off for a passive income around retirement.. at whatever age I decide that to be. Due to work commitments and locality, I'm not sure if development is on the cards. But, like I alluded to in my original post, I'm not sure if I know enough to make the right decision.

    In regards to budget, the main reason I want to commit to something is to force me to use my income for something a bit smarter. I have 80% LVR on $1.05mil in property, and about $75k in cash. I am saving about $50k a year in my current situation, which I plan to redirect to the property portfolio (if I knuckled down I could save $65k+). My goal would be to use this money plus ideally some capital growth in the portfolio to fund the next purchase, and so on until I can't service it anymore or I've had enough.

    At least, that's my plan based on my own research.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    TheNewGuy wrote:
    In my mind I'm happy to do a buy and hold (I'm in my early 30s), with a combination of yield and growth across the portfolio with the eventual idea of paying them off for a passive income around retirement…

    Sounds like me :-) just with the odd reno thrown in.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TheNewGuyTheNewGuy
    Participant
    @thenewguy
    Join Date: 2014
    Post Count: 151
    Jamie M wrote:
    TheNewGuy wrote:
    In my mind I'm happy to do a buy and hold (I'm in my early 30s), with a combination of yield and growth across the portfolio with the eventual idea of paying them off for a passive income around retirement…

    Sounds like me :-) just with the odd reno thrown in.

    Cheers

    Jamie

    Smart people think alike! I would be interested in knowing how you're going, where you are on your 'journey' and ideally, what you would do differently if you could!

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi TNG

    Don't go down to Canberra very often but do travel to Melbourne / Sydney to run investor presentations.

    Other than than be happy to catch up when you are up in Brisbane.

    Currently overseas until Thursday but if you wanted to give me a buzz in the office end of this week / start of next be more than happy to have a chat over the phone to start with.

    Feel free to have a look at our website in the meantime.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17

    HI,

    I'm also looking someone in Melbourne. 

    MI

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Hi guys, In Melbourne there are no shortage of buyer advocates and property agents, and you will notice they work in different ways with different models and therefore its extremely important that you find that right one.

    My firm uses two in Melbourne which I am happy to provide the details to you and you can take it from there. They will cover both English and Mandarin speaking clients. Offices located close to the city as well for convenience, just give us a yarn at and i'll provide the details.

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
    Email Me | Phone Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

Viewing 9 posts - 1 through 9 (of 9 total)

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