All Topics / Help Needed! / WRAP accountant and solicitor in Sydney

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  • Profile photo of alvinmalvinm
    Participant
    @alvinm
    Join Date: 2004
    Post Count: 6
    November 10, 2004 - 11:38 am

    Hi! I have two negatively geared IP which I want to convert to +ve cashflow after reading 0 to 130 properties… and Rich Dad Poor Dad.

    My current accountant was actually the one who suggested negative gearing to reduce my tax. My solicitor on the other hand has never heard of the term WARP, although he knows of vendor finance.

    From these, I think I need to get a better accountant and solicitor to get into +ve cashflow strategy using WRAPing.

    Can anyone recommend me a good accountant and solicitor in Sydney?

    Alvin[blush2]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    November 10, 2004 - 1:56 pm

    Try describing wraps as ‘installment contracts’ and see how you go.

    http://www.mintgroup.com.au Bruce whiting is an Sydney accountant that understands wraps

    http://www.businesslawyer.com.au Anthony Cordato is a Sydney Lawyer that understands them too.

    Terryw
    Discover Home Loans
    Mortgage Broker
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of alvinmalvinm
    Participant
    @alvinm
    Join Date: 2004
    Post Count: 6
    November 12, 2004 - 1:17 am

    thanks for the recommendations… I’ll get in touch with them when I get back..[suave3]

Viewing 3 posts - 1 through 3 (of 3 total)

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