First off I am pretty new to the investment game and on my way to acquiring my 1st IP.
I have tryed to search these forums for answers yet they seem a bit outdated.
1.My partner owns an investment property and is looking to attend the Think and Grow rich seminar in melbourne(IP is in SA and we live in SA)., I am wondering can she claim back expenses (travel and accomodation) to get to the 2 day seminar?
2. I am curious is there much of a difference between financial advisor/financial planner?
3. Can the forumites please recommend tried financial advisors/planners, accountants and mortgage brokers that invest in property and are based in adelaide.
thankyou greatly for your help.
Wade
regarding the expenses, I would think that you can claim it if you conduct investment properties as a business (well that's how I can claim it in my experience). I'm self employed so it's easier for me to claim it as such. I'm unsure for people who hold a regular 9-5 job whether they'd be able to.
Talking to an accountant is a good idea for knowing the facts about that though
A Financial Planner or adviser is one in the same.
They will both try and sell you a managed fund commission based product and will never recommend property as part of your portoflio.Trust me I am licensed and cant say i have ever come across another Planner who recommends property.
In regards to a Mortgage Broker I cant recomend anyone in Adelaide but guess it all depends on whether you need aface a face sit down or are happy to take advice over the phone or email. These days i would recon i see less than 10% of my clients and the rest we transact thru email or the odd phone call.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Qlds007 wrote:These days i would recon i see less than 10% of my clients and the rest we transact thru email or the odd phone call.Totally agree. I've even got clients in the ACT that I haven't met in person. Email/phone is so convenient and also enables you to broaden your scope when looking for professionals – you're not just restricted to your local area.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
mattsta wrote:regarding the expenses, I would think that you can claim it if you conduct investment properties as a business (well that's how I can claim it in my experience). I'm self employed so it's easier for me to claim it as such. I'm unsure for people who hold a regular 9-5 job whether they'd be able to.Talking to an accountant is a good idea for knowing the facts about that though
That’s correct.
You can’t claim educational expenses unless you conduct a property investing business etc…( which you would claim from the business income) OR you can prove the educational expenses related to a IP you hold ( ie paying for a town planner etc…)Also why not give Jamie or Richard a call, you will have the piece of mind that your dealing with a professional property investing savvy broker; the only cost involved is the phone bill….and no you won’t be able to claim that $0.25 back
Regards
MichaelMick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone MeSame Banks. Better Rates. Served With a Passion.
There is a difference between the financial planner and financial adviser. The financial planner is an financial architect. Their goal is to take the myriad of financial tools and apply it to the foundation of their clients financial circumstances and often strengthening the foundation and creating the blueprints for a bright future. The financial advisor has the ability to assess the clients current situation and compare it to the plan and make recommendations as to which direction the client should move. It is possible for a professional to build a plan and then not be able to bridge the present situation to the plan.Financial advisers really should be more like investment advisers and financial planners who take a holistic view of their clients financial needs and goals. I hope this helps, thanks.
thanks david for clearing that up. never really knew trhe difference.
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