Mortgage Broker, Accountant or Lawyer

[megamort]

Apologies Redom & Marty but what general info do you need?

 

[Colin Rice]

Would not recommend a "one stop shop". To many smoke and mirrors for the uninitiated.

 

[Rolf Latham]

Would not recommend a "one stop shop". To many smoke and mirrors for the uninitiated.

For a PPOR buyer, the risk of the too much smoke and many mirrors is less of a risk I guess.

Such organisations specialising in Investment properties are growing hugely again in SE queensland.................

ta
rolf

 

[Redwood]

Would not recommend a "one stop shop". To many smoke and mirrors for the uninitiated.

I still see 'one stop shops' advertised, just a dirty word(s) - if someone advertise as a one stop shop - they are mostly just interested in the commission - not your best interests. ASIC is all over them. Ensure they disclose commissions.....

Cheers Ivan

 

[red liverbird]

Good morning all,

I am looking for a Broker in Sydney for my first PPOR but would like to
set up the right structure(ie trust, smsf etc) for future investments so...

1) Do I see a Broker for this? Are they able to provide advice on this or am I better off speaking to an Accountant or Lawyer?

2) Is it better to go to an Accountant/Lawyer with a team of brokers or see them independently to avoid any conflict of interests.(although I am not sure there is one)

Thank you in advance!

I'll go against the trend here... I haven't found 'referrals' to always be a bad thing - even if extra commissions or something are going on behind the scenes.

I've found if you find someone you trust, who's supportive of your trying to do, they can normally put you in touch with the other people you need to get the deal done or your structures in place.

Maybe I'm naive, but I think solid professionals tend to run in the same circles. So I'd try and find someone you want to work with (broker, accountant or lawyer) and leverage their networks to get what you need.

 

[RPI]

A lot of lawyers are terrible as far as any commercial aspect of a deal goes.

Finding someone who invests actively in property themselves is a great start.

 

[Colin Rice]

I've found if you find someone you trust, who's supportive of your trying to do, they can normally put you in touch with the other people you need to get the deal done or your structures in place.

Maybe I'm naive, but I think solid professionals tend to run in the same circles. So I'd try and find someone you want to work with (broker, accountant or lawyer) and leverage their networks to get what you need.

Key is discerning who you can trust and that often involves a "leap of faith".

I agree that like attracts like and to work with a mastermind of professionals can accelerate your success exponentially.

 

[red liverbird]

Yeah, totally agree Colin - there's noramally always a leap of faith involved. I think you can only do so much though - research as much as you can, do your due diligence etc. But at some point you have to back your judgement of character and go with someone you believe in. Fingers crossed it works out!