Financial Planners
Most people do not realise that Financial Planners are not insured to provide advice on specific property. Some of them though receive kick backs from developers and marketing companies in return for pointing a client in that direction. Sometimes this is undisclosed
Others that are not Financial Advisors are providing advice on purchasing property in Self Managed Super Funds.
I recommend you be very careful when considering purchasing property in SMSF structures. Very careful who you listen to as well.
It is a costly exercise and may be inappropriate for many people. People don’t realise that they may be required to make additional contributions to afford the loan, thus impacting on their lifestyle.
The article below highlights yet another problem in the property industry and why you cannot rely on just anybody to help you with purchasing an investment property
