From: Danny Dwyer
Hi all, been reading and learning from all those who have been on this forum in past 4 weeks or so. Looked at many website an have been overloaded with info on IP's. I have just read Jan Somer's BW in Changing Times (excellent book!) and as well as a couple of others (Sean O'Reilly's). I have also purchased this month's API mag (as hinted on this forum). Like many others, I wished I had done all this IP stuff so many moons ago, but as they say, it not too late to start. OK, so I went to a local financial FPA adviser/planner (cost $400) who really did not steer us into IP's at all but wanted me to sign up for managed shares (i think that what is called- $300 per mth for 10 yrs with a plantation group in WA, as well as getting income protection insurance has it's a tax deduction). Gave the FPA a miss and have just signed up with a mortgage broker to get the our home re-financed and at same time get a pre-approve IP loan for $150k. Next, I will need to get the right IP (on Brisbane northside) and then find a good accountant who knows about IPs and will help with our goals for wealth. (Is there anyone who can point me to a good IP accountant in Bris?). So, I am 'doing something' and just like to hear from anyone on this forum on how I going and if there's any more tips/advise (other then what has been posted here in past few days & weeks, that you can advise me on. Any + or - comments welcome. Thanks DAD (that's me & my wife's initials)
Hi all, been reading and learning from all those who have been on this forum in past 4 weeks or so. Looked at many website an have been overloaded with info on IP's. I have just read Jan Somer's BW in Changing Times (excellent book!) and as well as a couple of others (Sean O'Reilly's). I have also purchased this month's API mag (as hinted on this forum). Like many others, I wished I had done all this IP stuff so many moons ago, but as they say, it not too late to start. OK, so I went to a local financial FPA adviser/planner (cost $400) who really did not steer us into IP's at all but wanted me to sign up for managed shares (i think that what is called- $300 per mth for 10 yrs with a plantation group in WA, as well as getting income protection insurance has it's a tax deduction). Gave the FPA a miss and have just signed up with a mortgage broker to get the our home re-financed and at same time get a pre-approve IP loan for $150k. Next, I will need to get the right IP (on Brisbane northside) and then find a good accountant who knows about IPs and will help with our goals for wealth. (Is there anyone who can point me to a good IP accountant in Bris?). So, I am 'doing something' and just like to hear from anyone on this forum on how I going and if there's any more tips/advise (other then what has been posted here in past few days & weeks, that you can advise me on. Any + or - comments welcome. Thanks DAD (that's me & my wife's initials)
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