Forum Replies Created
Richard, what an inspiration article about you. Thanks alot, I am definately seeing where I would like to be in the future, that amount of passive income counts.
I am planning to buy an IP by the end of this year and I was thinking to consult an experience accountant before my next move. Would you think it is ideal to seek advise from a mortgage broker like you prior to accountant? Basically I would like to know, ideally when should I start to set up a trust or company to buy IP etc.
Thanks Richard.
Hi Richard
Could you please send your article to me at [email protected].
After reading the above threads, is your accountant the most suitable person to advise you on the 'right structure' in order to keep buying?
I am having 3 IPs in my own name, and my wife has 1 IP in her own name; Is it correct I will easily hit the wall to keep buying under our own name? I would like to structure it correct before the next one comes though.
I am confused, some experience investors advised me to keep buying under my own name to take advantage of the tax depreciation.
Thanks
Excellent, these info. are at least a good starting point. I think I will talk to at least 3 accountant mentioned above and select the one who I am comfortable with.
Thanks
NHG wrote:Was recommended the following accountant in Sydney by a fellow investor. Sounds like the accountant has a sizable property portfolio herself. Keshab Pty LTD Munzurul A Khan (02) 9633 5511 Anybody else here use them?Thanks Will give them a call to check it out. Chan & Naylor was also recommended by someone. Anyone has experience with them?
Eddy
Less than 12 months ago, another developer in another estate was offering $12,500 for full furniture package for 2+1+1 villa in Emerald.
Of course the quality and the inclusion might be difference from one to another, but doubt that inflation has pushed the furniture price up to roof within 12 months.
Cheers.
Hi Gents,
Apart from Kamper & associates and Matt Toohey recommended above, can someone recommend a great accountant (Preferably him/herself is a property investor too) in Sydney area (Prefer Sydney, but other city / State is ok) to provide advise to my case:
1. Newbie to property investment
2. Currently 3 IPs. Buy and hold with no complicated issue at the moment.
3. Margin loan with share portpolio
4. Fulltime employeeThanks
For a 50-60 units development in Sydney, I am assuming middle range apartments (mix of 1, 2 bedders + a few 3 bedders) with 2 levels basement carpark + 5 to 7 levels residential. If that is the case, you can allow 70 weeks construction period (Excl. design & tender period) and estimate cost approx. $15m to 18m. Of course its all depends on the ground condition and how efficiency of your design.
Sorry no help on finance side.
cheers.If the leasing agreement issigned and valid for another 12 months, you definately need to wait until the lease expire unless the tenant seriously breach the leasing agreement.
Another way to get out from this, is to offer the tenant cash incentive or negotiate with the tenant in order to mutually agree to terminate the leasing contract. You might want to factor this into your purchase price.
Dilmah
It depends on the type of wardrobe you are after. Hinged doors with polyurethane finish is more expensive than mirrored sliding door. Timber veneer finish is most expensive.
Internal carcass and drawers design will also make an impact on the cost.If this is an IP, I would go for the most economic and common option, approx. 450mm deep wardrobe mirrored sliding doors, internally with white melamine finish, hanging rails and simple drawers / shelves. This might cost you around $450/m.
