Hi Guys.
I have been reading this forum for quite some time now and learnt a lot just from your discussions.
I am currently living on the Gold Coast and was wondering if someone could recommend a good accountant who specialises in property as I will be moving out of my PPOR soon and it will then become my 1st IP.
My loan at the moment is P&I, should I keep it that way or go with IO. I could cover the costs of P&I quite easily.
Any advice on the setup I should look at would be greatly appreciated as I have read Steve's books and read alot about different Trusts on this forum.
Thanks for your help
Jason
Jason,
This is a very wide question, and you have provided very little information about yourself so it is hard to answer what is the best thing for you. Opinion on P&I and IO loans varies. Many investors prefer IO because it gives them greater flexibility from a cashflow perspective. Some people prefer actually paying stuff off. There are a few different factors which dictate which is best for you, not the least of which is your level of self control.
You are right to sit down with a good professional who can give you solid advice based on your personal circumstances. I'm sorry I can't reccomend an accountant for you. Perhaps someone else can. Best of luck.
S
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