Starting investment Strategy Structure Advice

Does someone know and can recommend a good accountant (individual/company) that is specialised and experience in property investment to help me with the above?

Thank you

 

Why would you go to an accountant for legal advice?

 

@Terry_w i know that there is some accountants that specifically specialised in property, strategy..etc so who is specialise for what i need and what do they called? do you offer this services? can we have a chat?

 

You might be best to use both. I am concentrating on the lending side at the moment as so busy.

 

what do they called? can you recommend someone?

 

Structuring Lawyers for the advice, accountants for number crunching?

 

@homeland
I were in the same situation several years ago, and we both run some kind of IT business, we can catch up if you visit Brisbane.
From my side, I just got some free meetings with some local accountants (ask around or read here), then chose one I feel most comfortable with, setup a trust, got a pre-approval, and went to auction
If you are worry too much, you won't start. As you are already running a business, running a few more properties should not be a problem. Choosing the most suitable/profitable property is the main focus of PI, all other activities are supporting tasks to cost you some money to reduce your risks.

 

Setting up trusts is legal advice...

 

@iloveqld

Thank you for the advice will definitely take your offer to catch up when I'll be in Brisbane, very kind of you. This is exactly what i'm doing at the moment, i have already met with 2 finance advisors and one accountant. i felt some of them didn't have much experience or was trying to sell me property, one of them have experience with IP and gave some good advice, but was talking generally and didn't get a proper plan.

The priorities ATM is to sort out the family home as we need more room, it will be difficult to function and commit before i sort out PPRO. i also need to change accountant and prefer someone that specialised in property. however in the same time i'm trying sort out a plan/Strategy for the MACRO to link all those variables together, such as home, business, IP, Structure, Loans, Superannuation, Pro Team, Education..etc. building a strong foundation that will hold the heavy Load is the key.

Most of my life i have been self employed had my first import business for 12 years which didn't pick up due to the limited demand in the market. my wife was pregnant and i had to do something fast to support the family to avoid a disaster. my passion/hobby was anything to do with technology especially Audio Visual and IT so i decided to follow my heart and do it so i start ed a new business for AV/IT. however as it takes years to built up a business that will start generate income, i had to run both business at the same time, plus had to study intensively to catch up with technology and been doing that for the last 6 years, i end up closing the import business 2 years ago. over the years the AV/IT business has picked up, was doing mostly residential and retail jobs, as my education level progressed i was able to add additional services/ products that increases the income however it was not enough, i wanted to bring the business to the next level. as in life you have to be patient, consistent, stick to the plan and wait for the opportunity, chance, timing to come and take the risk. for me it happened last year, my company was appointed by the government to do a big job. it was a huge risk, never had experience with this scale of job, complexity, project management, timing...etc but i took it. it took 2 months in design and 8 months to complete and it was a successes (see the link below case study).

in terms of the PPRO it looks like the answer (still look for a couple of opinion) is to stay were we are and renovate. this will allow me to use the equity to start my portfolio, avoid paying stamp duty and doubling our non deductible loan. however i still need build top team i.e accountant that is specialised in property and Finance expert for the structure/strategy to get the right advice to move forward. i think it will not take to long 1-2 months setup as we already have the loan approved.

if someone can recommend an accountant that is specialised in property, Finance expert both with proven experience, with no motive to sell me a property just honest professional advice please let me know?

Case study

Thank you in advance.

 

Good luck and keep well @homeland
I am working with a few offshore outsourcing software companies in Vietnam if you need web app or mobile app.