Hi all
Im new to this forum and property investing. Im in the planning stages of my first IP purchase and would like to here any recomendations you guys might have for Property advisers/mentors, Im looking for someone to help me with my investing strategy who genuinly has my best interests at heart and not their commission! And someone who will also be there for ongoing guidance and advice. I have spoken with Australian property investing solutions australia and got a good feeling from them over the phone. I am based in Melbourne. Any help would be much appreciated.
Thanks, Nathan-
This topic was modified 10 years, 5 months ago by
Nato84.
Nato84
Email MeG day Nathan
I have just private messages you…To be successful in investing get the right advice from the start and structure too.
The best advice I can give us this, just keep learning!!!
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
Hi Nathan
What area of property are you looking for help with.
Jacqui my business partner is based in Melbourne and runs the BA part of our business.
We have helped hundreds of forum clients.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Richard
Im looking to invest in residential property, looking for advice on investment structures and finance, as I would like to invest in multiple propertys over time. Also looking for someone to help with planning and strategies. Thanks for the response.Nato84
Email MeHi Nathan
That’s a tough one. Unfortunately no one will help you for free. Everyone has to earn their commission.
The best way to approach it is to work with and learn from the whose commission is based on making/saving you money (they only make money if you make money). In general these people will have your best interest at heart.
With everyone else be cautious and double check everything. Their figures and assumptions will be highly biased. Always do your own research and negotiate hard.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Andrew
I probably should have worded my question a bit better sorry! Im quite happy to a pay a premium for good, genuine advice, but With so many people claiming their the best I have no idea who’s genuine and who’s just after the money! Which is why I was look for anyone who might already have someone they’ve dealt with before and could recommend! Thanks for the replyNato84
Email MeYou may need advice from different people. Only lawyers can give advice on structures and only those with a credit licence can give advice on loans and credit. Only registered tax agents and lawyers can give advice on tax matters for example.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry is correct and only Financial Planners can provide you with a plan to move forward with your wealth creation.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks for your advice guys, I do appreciate it. Im not rushing into anything and will keep learning as much as I can in the mean time
Cheers, NathanNato84
Email MeYes it is important to keep reading and work out your strategy then get one thing right
The most important word in Property Investment is due diligence. Many who fail do s because they do not do this well. Many people who invest in property spend more time researching a blue ray player than a property.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Re the above – agree, get the right advice! if someone is claiming ‘free’ advice be sure the understand the commissions they earn – each financial planner/ property advisor/ broker should disclose this to you and be sure to do your due diligence on them.
For a honest and integrity based advisor this will not be an issue, however for a one-stop shop, this will be very important to understand. Seen many a clients lose their life savings based on poor advice based on commissions earned – look at off the plan properties for example where advisors earn up to 8% on property sales.
All the best.
Cheers, Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
Terry is correct and only Financial Planners can provide you with a plan to move forward with your wealth creation.
Cheers
Yours in Finance
Not really. Financial planners can provide a financial plan covering financial products, if they are licensed to give financial advice. If the advice relates to something which isn’t a financial product then it wouldn’t be financial advice – such as property. Anyone it seems can provide advice in relation to property – including property plans relating to wealth creation from property. Shares, super, margin loans etc would be financial advice and could only be advised on by planners with an AFSL or who are an authorised rep of an AFSL.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Great advice in all the posts above. If you’re still looking for information about mentors, do a search on ‘mentor’ in this forum’s search function and you’ll come up with other threads about various mentor/coaching/advice programs and comments about these programs. Also keep reading and posting on the various sections of the forum – great learning and the only cost is your time!
For example, a five minute search on ‘mentor’ brought up a lot of topics, including:
https://www.propertyinvesting.com/topic/4408899-result-program/
https://www.propertyinvesting.com/topic/4990786-looking-for-a-mentor-7/
http://www.propertyinvesting.com/topic/4985493-mentor-needed-8/
https://www.propertyinvesting.com/topic/4934469-mentored-by-property-masters/ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
Hi Nathan,
Couple of things to consider besides the obvious that are many.
1. Make sure you give a high level of consideration to the exit strategy and what the end goal is. Having the end in mind is very key otherwise it’s difficult to gage where you are to allow for course correction. Once you really have a clear picture in mind of exactly what kind of return and time frame to gain such return it will help in other areas that you may not have even considered yet such as tax burdens on the other side. What about survivorship if case something happens to you; where does you investment go and what happens to it?
2. Trust nobody. At least until you verify that who you are going to work with has a proven track record and a solid investment model. I see and hear so much BS out there from people and companies that may sound on the surface that they care but when you dig in you find out its all about lining their pockets with the profit; not yours…. Granted there are a few good ones but proceed with caution. Call and speak with other clients of these people and get their opinion and if a company or person is not willing to share a client list with you then watch out.John-USA-CommercialRE
Email MeTell me about it. The bs I hear sometimes is unbearable!
Nathan & Lisa,
Not everybody is just in it for the money. It is possible to care about the client, put their needs first and make a good living, at least that is what I set out to do very morning when I turn up to work.
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This reply was modified 10 years, 5 months ago by Modernity Investing.
Modernity Investing
Email MeI have to agree with mark…
Money will come if you look after all your clients anyways.As most have mentioned, a ethical broker will disclose how much they earn per deal “etc”….
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
Even an unethical broker is required by law to disclose any commission he is receiving.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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This topic was modified 10 years, 5 months ago by
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