Where would i go to speak to a professional about purchasing a property i have a appointment with a finacial advisor today at my bank but he said on the phone he can not advise me about real estate i need to speak to someone to understand more about tax can someone here maybe explain tax to me in more detail in regards to positive and negative geared property
r.wilson
where are you based, maybe it’s best to see an accountant..
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auOriginally posted by young investor:Where would i go to speak to a professional about purchasing a property i have a appointment with a finacial advisor today at my bank but he said on the phone he can not advise me about real estate i need to speak to someone to understand more about tax can someone here maybe explain tax to me in more detail in regards to positive and negative geared property
r.wilson
Unfortunately financial advisors aren’t the best source for financial advice, they have taken that title for the job they do and IMHO it is very very misleading. What they are are insurance and managed funds salesman.
I think a good financial planner/ accountant should add value to set your structures and investment vehicles up. Hopefully they can show you how others who may be more successful manage their affairs then it should be up to you to select the investments after doing your own research and due diligence. If you leave it all to your planner (not trying to generalise here), they’ll probably just put you into a few managed funds and olive trees (if you need the deductions) and gladly take their up-fronts and trailers. There are actually very good advisers out there who know their products very well but obviously its less effort to just throw clients into average products for average returns. I’m amazed how much commission we pay for the value add sometimes.
hi young investor
I think I have answered one of your post before.
I’m not sure what state you are in but get involved with like minded people in your area if you are in Sydney then the have a meeting comming up some time soon which is agood place to meet and get some reference I don’t think my guys would want me to stick there name on a bulliten board.
Go to the post it was by camber (I’ll find it and revitalise it)you can let them know to email you when the meeting is on.
not sure for the other states.
I don’t have the same opinion as shake-the-disease but each to there own.here to help
I found Jan Somers and Margaret Lomas’s books very handy. Also there are dedicated books on the subject of property and tax.
cheers
v
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