Am should I talk to? Accountant/Financial Advisor/Property Advisor?

Good evening all,

I am looking for a one-stop-shop who would consider my tax position, financial situation and investment approach all together and provide advice accordingly. I always have an accountant who does my tax, and an independent financial advisor who helps me understand my financial situation. Somehow, I think there is a disconnection between the two parties and the advices provided to me were disjoint.

Based on my situation listed below, I seek a professional to do my tax return, and based on the outcome of my financial situation and provide advise accordingly. Specifically, I hope to find out:

· Is there anything I could do to further minimise tax payable?

· Should the loan structure change in present and in the future?

· Should I pay off my properties, if so, when?

· At what point should I continue to invest on more properties?

· Should I consider other investment vessels other than properties?

Do you know of any person/organisation who can do such thing?

My situation:

· Household Income ~$140,000. One dependent.

· Current PPOR worth $360,000 owe $325,000 (Bankwest. Variable Interest only. 3 years remaining @ 5.52%)

· One IP worth $460,000 owe $366,000 (Bankwest. Variable Interest only. 3 years remaining @ 5.52%)

· Looking to purchase new PPOR around $700,000 in 2019 and pay 20% cash deposit.

· Looking to turn existing PPOR to IP

· Intend to keep hold on to all properties long term

Thanks in advance,


Kingsley

 

Umm... I meant "Who should I talk to..."
Not sure how to change title...

 

You should probably talk to tax adviser about most of that with a broker for the loan stuff (part tax part credit advice). But they would be reluctant, most of them anyway, to tell you when to invest in property - this is not something I would ever advise on.

First of all read my strategy tips so you can get a good grounding.

 

A "good" accountant specialising in business, property, financial investments and structure set ups should be able to answer all those questions for you and advise for positive future results.

 

THIS IS THE BEST QUOTE I HAVE HEARD IN YEARS!

 

Good Morning all.

I guess being a beginner investor, my need is not for the convenience one would get from a one-stop-shop; rather, my concern is the inexperience of communicating with each of the parties and having to piece all the advise I get, not knowing the details I may have missed, or potential lost in translation of information.

After some research this morning, I will certainly take the advise to seek for a property/loan structure-minded accountant and see what I can yield from there onward.