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  • Profile photo of steve3110steve3110
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    @steve3110
    Join Date: 2011
    Post Count: 10
    June 6, 2012 - 3:57 am

    Hi All

    Thank you everyone for all your assistance, this forum really has a wealth of information and the contributions from its members is just fantastic

    Cheers
    Steve

    Profile photo of steve3110steve3110
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    @steve3110
    Join Date: 2011
    Post Count: 10
    February 2, 2012 - 3:03 am

    Hi Anthony

    Thank you for the recommendations, just what I'm looking for. I'm SOR  (6147) but I really don't mind traveling for the right advice

    Cheers

    AnthonyB wrote:
    Hi Steve,

    Depending on where you are located in Perth here is a few property savvy accountants we've come across:

    Paula Durrant @ Durrant's Accounting Services – Level 1, 256 Fitzgerald Street, Perth Ph: 9228 4622
    Chris Hanson @ Gannon Hanson Hamersley – Suite 25, 199 Balcatta Road, Balcatta Ph: 9240 5340
    Noel McKenney @ Noel McKenney & Co – 813 Wellington Street, West Perth Ph: 9322 6266

    If you let me know your specific area, I may be able to point you in the direction of someone closer.

    I hope this helps,

    Profile photo of steve3110steve3110
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    @steve3110
    Join Date: 2011
    Post Count: 10
    February 2, 2012 - 2:56 am

    Yes at this point in time a plan/structure is the go. Im happy to move forward once a direction is clear based on my circumstances. I guess everyone will have some bias towards there own beliefs be it a property investment or some other structured investment. I think it was Kiyosaki who mentioned about surrounding himself with the right people, that what im aiming for. We all know what we know well…and until such time I will educate and do what I can to learn. Yes I have been doing a lot of reading and it can be a little overwhelming in terms of whats the best way forward…anyways Im rabbiting on…thanks for the input

    Catalyst wrote:
    I agree with the above posters. I wasted MANY hours doing the financial planner run around. In the end ALL just tried pushing me into the product they were getting commissions from. Even when one who said he was into property investing- still no joy.

    Getting the structure right is important. As is having a goal.

    Networking is also a great way to learn what others are doing.

    Get yourself a good, property savvy accountant to ensure you are claiming everything you are entitled to.

    Ask questions as you go. There's always something else to learn. Have you read any property books? There are many great ones.

    Profile photo of steve3110steve3110
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    @steve3110
    Join Date: 2011
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    February 1, 2012 - 2:00 pm

    Hi Derek

    PM sent . I missed your reply apologies

    Profile photo of steve3110steve3110
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    February 1, 2012 - 2:00 pm

    Thank you Michael for your insight, I will sit down and do that. Sounds like a good start. Forgive my ignorance about what a broker can do

    Steve

    Profile photo of steve3110steve3110
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    February 1, 2012 - 12:34 pm

    Thank you Michael for your advice

    My concerns are more the big picture of my financial outlook for the future. I don't have a clear direction yet. I'm less concerned with being able to access finance but more interested in proceeding forward knowing exactly where I'm going and being as efficient as I can along the way.

    I have seen  a couple of accountants and one wanted to sell me an Amway plan (Im not kidding) and the other said yeah just buy a property and negative gear. They both knew how to charge very well..I have no issue paying for a professional…I'm a firm believer that some things are best left to the experts until I learn the skills I need

    No offense to anyone doing Amway :)

    Cheers
    Steve

    Profile photo of steve3110steve3110
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    March 10, 2011 - 1:38 pm

    Hi Anthony,

    Thanks for the reply. Yes I am open to all possibilities. I mentioned this to the accountant I visited and he said moving out of my current PPOR and using it as an investment is "crazy" in his words. He mentioned I do this then my current residence will attract CGT.  To be frank the accountant wasn't terribly helpful and a little painful on the hip pocket.

    The main reason I was considering selling is capital growth isn't great in the particular suburb I live in. Perhaps I need to seek further assistance.

    Anyone's thoughts would be appreciated

    Regards
    Steve

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