Ep.19 Property help for your kids with Ray Jaramis
This week, Marcus sits down with Ray Jaramis, award winner and financial adviser extraordinaire.
Ray guides us through the world of parental help. How parents can give their kids a head-start in the property market, where they could get unstuck, and tips and tricks to make it a smooth transaction for everyone involved.
HERE’S WHAT YOU’LL LEARN FROM TODAY’S EPISODE:
How parents are helping more and more with their childrens’ property purchases;
Price to income in Sydney on the world scale;
How Ray became interested in financial advice;
Why accountability for personal finance is important;
Gifting funds to your kids;
Testing out monthly repayments prior to purchase;
How a parent to child loan could work as well;
Thinking about longer term and family commitments rather than the immediate future;
How a gift is treated by Centrelink for the age pension;
What happens if your kids split up; And
Why professional advice is important
LINKS OR ARTICLES WE MENTIONED:
SPEAKERS IN TODAY’S EPISODE
Marcus Roberts - Mortgage Broker
Ray Jaramis - @rjfinlife
ASK US ANYTHING!
Have a money question you want us to answer? ask@sydneypropertyinsider.com.au
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Please note that any views or opinions presented in this podcast are solely those of the speakers, and do not necessarily represent those of any business. These views and opinions are general in nature, and do not take account of your personal objectives, financial situation and needs. Please consider whether it applies in your circumstances and seek professional advice wherever appropriate.