Hi All,
My partner and I are looking at purchasing our first IP early next year, but before we do we wanted to see an accountant. I heard that Specialsied Business Solutions are quite good but charge 0.88% of your total investment per year for ongoing support. I just wanted to know if this was worth it?
And is setting up a family/beneficial trust for the IP a good idea?
Your help is much appreciated.
M_Y
It would really depend on what you are getting for your .88%. thats the real question.
I mean if they want to manage your property, plus support. then yeah its worth it. ( the going rate for agents is about 6-8% plus gst), But, if the support is to find you the property, and give you the profit n loss, sales data, expected rental returns, and some other bogus info, in a glossy folder, than its way too much to pay per year.
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