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Thanks Qlds007. My FP does hold an ACL and has in-house chartered accountants working with the company. They manage all of my financial and legal services so that I only have one body to go to for all my financial affairs. Absolutely best and most convenient way to do business. There are not too many FP's who can offer the full range of services from doing my will and estate planning thru to writing my risk insurances, administrate on all my salary packaging questions and when needed to lease a new car recently, they bought my car and wrote an novated lease thru my salary packaing.WOW !!!!
Hello 0to130. If I was in your shoes (which I have), the best advice I can give you is to seek out an experieienced financial planner (one who is accredited to give you property investment advice) and let them prepare a plan presenting the options available. they will also provide you with all the tax efficiencies available and prepare your depreciation schedules in preparation for your tax return. If you use a good planner they will structure your debt and prepare a cash flow report to ensure your household budget and loans are fully affordable both now and the future. No need to be holding $30K in cash either. The planner will ensure you establish a buffer account with your lender to ensure you have a safety net under you to cover all unforseen circumstances. this will ensure you don't have to sell your properties in a time before they have achieved good capital growth. Well worth the small cost to put a complet plan together until retirement.
