Hey everyone,
I’m looking into buying my first investment property! I’m 25 years old earn 140k a year and live in Brisbane.
Things I’m looking for some advice on please, and thank you all in advance!!
– A good accountant to speak to with setting up a trust to buy multiple property’s so I can be a guarantor for my loans to access more money from the banks. Is this the best way to approach?
– Also a good mortgage broker to deal with, someone who is experienced with investment loans and these types of set up’s would be great.
This would be a great start I think, I have a deposit saved now just need to get everything set up and start house hunting! Cheers
You should speak to a lawyer to set up a trust – an account will just give you an off the shelf template with the names filled in and cannot give you advice in relation to it other than commonwealth tax asepcts.
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
Hi Mark
Firstly welcome to the forum and I hope you enjoy your time with us.
Whilst a good property Accountant is important and I can certainly recommend someone to you setting up multiple Trusts certainly won’t help you increase your borrowing capacity.
Unfortunately this was a myth of Xmas past and has certainly been super seeded in the modern lending world.
As far as a half decent Mortgage Broker can’t help you there lol
No seriously shoot me an email be happy to advise you as i have bought a property or two in Brisbane over the last 20 years.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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