Manage episode 191451125 series 1749351
David gets together with Mark Davis from The Australian Lending & Investment Centre (ALIC) to chat around the question…
Why go to a broker instead of a bank to manage your property investments?
Through their discussion, David and Mark make the following points:
brokers tend to focus more investment lending, structuring, enabling you to create wealth;
banks are often more focused on rate, cross-selling, and their product;
ALIC has a focus on strategy and structure;
Mark: “I’m a really strong believer that you’ve got to be a specialist; you can’t be a Jack of all Trades.”;
with a focus on lending, ALIC work closely with other specialists in the field in order to best advise their clients;
ALIC keeps strong working relationships with only five banks;
brokers are able to tailor specific strategies and structures to your circumstances;
there’s very few investment-focused brokers out there;
services the client misses out on going to brokers focused on home loans; and
a broker needs to understand the wealth side of lending and need to be investors themselves.
About David McMillan (taken from performanceproperty.com.au)
During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland.
Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios.
David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry.
About Mark Davis (taken from alic.com.au)
Mark‘s successful career at ANZ resulted in him becoming the number one national mortgage lender for seven years in a row. Mark’s expertise is in lending structures and strategies for wealth creation and the formula utilized within ALIC. Through developing close working relationships with clients, Mark is able to guide and advise the most suitable loan options available as he is constantly aware of market forces surrounding the industry.
Since the inception of The Australian Lending & Investment Centre in 2009, Mark has been at the forefront of industry, being recognised with many Broker of the Year awards.
As the industries leading adviser Mark is frequently called upon to provide up to date and informed opinions for the Australian mainstream media, as well as industry events and articles.
With over 30 years of experience Mark’s knowledge and network of key professionals is second to none.
40 episodes available. A new episode about every 3 days averaging 5 mins duration .