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Melbourne - Need Good Property AccountantPandaQiQi [12 Posts]  Hi all, I'm a newbie to this site but already enjoy reading from this forum. I have a BIG favour to ask. Does anyone know of a good property accountant in Melbourne? I have started my invenstment portfolio few years ago but only start reading books on Property Investment recently. I have a family accountant who doesn't like giving advice and who hates the idea of setting up trust. Here are my current situation and I really need help to get the structure right before is too late 1. I have a PROP value at $500K (owe 360K) and IP value at $320 (owe 250K) under my own name The problem is I do not have any asset protection strategy in place and from my reading I don't think I should have done everything via my own name. I've been asking my family accountant for advice and he reckons setting up and maintaining a trust is very expensive and will eat up my return in long run. Anyway, took me a good 12 months to convince my family to stop using him (he's a close friend of my uncle) Now I desperately need to find a good property accountant. I'm 27 so I guess I still have time to reverse and learn from my mistakes. Thanks in advance for the help. Panda Hutch [139 Posts] hi Panda Cheers   Orien [27 Posts] Hi Panda I would support Hutch's recommendation. This forum directed me to Mark at MJ Unwin a little while back, and I have found him to be excellent!! Knows his stuff and has great customer service too NonnieE [17 Posts]  Hi all, Thanks d_robb21 [101 Posts]  Hi Panda, I use Michael Diamond of Diamond Partners, they're in Caulfield. I'll dig up their contact details when I get home and post. Dave. propertypower [314 Posts]  Try Nancy Keep from Nancy Keep & Associates cheers, There is no passion to be found playing small - in settling for a life that is less than the one you are capable of living - Nelson Mandela DISCLAIMER: Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser. bennido [195 Posts]  Anyone know of a good accountant on the west side of Melbourne ? Kew, Mt Waverley, etc is kind of far. Thanks ! kenzel [50 Posts] "Anyone know of a good accountant on the west side of Melbourne ?" Ditto. If anyone has recommendations for a reliable property accountant on the west side please post :) frosty1 [37 Posts] hi all, thanks, kenzel [50 Posts] Why are all the highly regarded property investor type accountants all in kew? * rolls up sleeve * well if thats what it takes that's what it takes - * taking car to petrol station to fuel up * |
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