Hi from Melbourne!

Hi Everyone,

It's my first time joining an investment forum and I hope to help perspective investors and also ask questions which could help me in my new career.

A little about me; I was in the Heavy Commercial Vehicle industry for 12 years but decided to take on something which I was very passionate about.

I bought my first investment property at 23 with no advice but thankfully it all worked out.

Following my dreams, I am now a Property Strategist for a company which helps people invest in residential property. I am really looking forward to learning more about this business and in turn maybe I can also help others.

Happy Investing!

Chris

 

Welcome @Christian Andel you have landed in the right place as there is a great mastermind team on PC.

 

Welcome Chris.

Good on you for making the leap of faith to the new passion and job. Many people on here consider how they can make their passion the job so can you tell me more about your transition?

Did you get more investing experience after your first IP?
Did you do some studies?
Did you save up money and take on a commission role ?

Love to hear more about you and your journey.

 

Welcome to propertychat, its a great place to learn and share knowledge and experience

 

Welcome @Christian Andel. I'm sure you'll learn heaps here and have some valuable stuff to contribute too

 

Welcome to PropertyChat! I've actually only been here for a week or so but I've found the forums to be extremely insightful; it's opened up my mind and hopefully yours too.

P.S What got you interested in REI?

 

Hey Chris, welcome aboard.
Do you mostly help people in Melbourne or is it more areas?

 

Hi All, thank you for the warm welcome and my apologies for taking so long to reply.I thought I had my notifications turned on the new laptop but I obviously didn't!

Now onto the questions;

Thanks Thaihok, I became interested in REI when I realised that stocks and managed funds were something that needed to much management and were too risky for me at the time.

Hi Azazel, I primarily help people in Melbourne and due to the fact that I am also licensed in QLD, I also help people from the Brisbane area too.

Thank you all once again for the welcome and I'm looking forward to becoming more involved in the forum.

 

Hey Christian,

When you say property strategist, how does that work? Are you a buyers agent, or a financial advisor or something different? Fee for service, or paid by commission? Do you sell property?

Sorry for all the questions - I came across another property strategist this week who is actually a sales person for developers, so it always pays to check exactly what people mean.

 

Hi Jess, I am a Property Strategist because I help people invest in property by using their equity, SMSF or cash deposits. I don't offer financial advise as I'm not licensed to do so

Our clients are presented a personalised investment strategy and they choose which property they would like to invest it after they meet with a Mortgage Broker which gives their borrowing capacity.

I work for a Property Investment company, not for any specific developers. We do have relationships with developers as it gives us a great choice as properties in QLD and VIC.

My service is free and my commission based income is received once the client purchases a property from me as I am a licence Real Estate Agent, not just a rep!

Happy to answer more questions.

 

Christian, king of the Andels and first men.

 

Do you recommend strategies that involve established properties or is it exclusively brand new stock from developers? If so, how are you remunerated in this instance?

 

"Property Strategist" has that term made it to the Oxford dictionary yet? and when will year 9 careers councilors start recommending this choice for students?

 

I only deal with OTP properties so to minimise stamp duty costs and I receive half the commission when contracts are signed and the other half when settlement occurs.

 

Thank you. So the the strategy is they have a choice of OTP, and the property they choose is limited to the properties you sell.

It's probably more accurate you call yourself a real estate agent, I think.

Does your company provide a mortgage broker as well? What about legal?

 

Sure, I guess you could call me a real estate agent but I think my title is justified as I don't try and sell properties straight away. I first make sure the client knows why he/she is investing and we put absolutely no pressure to purchase properties from us. They can just as easily take my advice and purchase their own properties. I joined this company because of their ethical approach to business and their business models is very solid. We have mortgage brokers and legal which work with us once a client is ready to go ahead and purchase.

 

How do ethical and OTP go in the same sentence?
How do ethical and being a one stop shop go in the same sentence?

 

So if you're not being paid by the client but by the developers whose interests do you serve? And how is offering OTP in Melbourne and Brisbane good advice?

I'm not sure you have an ethical business model. It seems more of a spruiker model. I'm guessing all those professionals you work with get commission from the developer also?

 

If @Christian Andel is new to his employer, and also not a very established/sophisticated investor it's possible he's unaware of the the answers to those questions.

Same as it's not obvious to the people that go to these businesses for help.

 

True, OTP can be an easy sell to those without understanding. It's new and shiny, close to those inner city areas or in the city, stamp duty savings, negative gearing and depreciation, rent is gauranteed. can be made to sound like good sense. Especially when your real estate agent, lawyer, mortgage broker, accountant and shiny pamphlets reinforce this. Much better than the old house in the crappy area.