Forum Replies Created
I think the first question to ask is .. why you need to have a trust to own your IPs. it will all depend on personal individuals levels. if you are an employee and don't have a high risk business or life background. why would you get yourself into a complicated structure which makes your life much more complicated. unless you start with purchasing more than 3 IPs, then i might think of all these structures but still.. is it really worth it? unless you believe you will get sued one day…. and lost everything……
i think the problem with DT is that you will lost the "Negative gearing " benefit and your rental property loss will not go against your personal tax level, because trust doesn't distribute any loss. however this would be a different case if you are planning to start with positive geared property portfolio.
if anyone has more opinion pls feel free to discuss….
Hi mate..I have been in the taxation field for a few years, in the past most of my boss;s clients would use a company called " Depro" for their IP capital depreciation report, they are one of the popular and professional ones. I personally have used them as well. they are not bad….
I usually deal directly with the bank for the loan purpose, why would you pay for someone to do a job if you can complete it yourself. unless you are super busy and the broker 's work is fantastic. If someone here could provide some realistic reason for using a broker i will be more than happy to listen and learn.
These are just my personal opinion, Hope it all helps.
All the best and happy investing…
ness1474 wrote:Thanks for your help guys.
I knew I needed to get professional advice with these figures, but thought there might be a 'standard' figure to help crunch the numbers quickly initially.
I have a good accountant and am in the midst of choosing a mortgage broker – I see that Choice Home Loans seem to be a popular choice? Any suggestions or recommendations?
Also, can anyone recommend a good quantity surveyor in the Brisbane region? I can just go to the Yellow Pages but would prefer recommendations.Once again, thanks for your help.
Cheers
