Yes we charge a fee for sourcing property if required.
So how do you determine if you need to charge a fee ?
In my experience, a traditional BA usually has some form of consistent fee structure.
ta
rolf
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Yes we charge a fee for sourcing property if required.
Pretty straight forward. Education is free. If you'd like us to asssit with personal strategy planning, finance structure planning and obtaining finance, source and buy property (access to our research team alone is worth our fee) find and guarentee a tenant for 12 months, provide depreciation report we charge a one off fee of 2.2% inc gst of the property price. Then mentoring meeting every 6 months is free.
Our fee is a management fee which you can claim as an expense.
Hey Coots,
Should note our fee ends up being around $2800 after tax deductions, depreciation schedule, prof photos, etc etc. [/email]
Are you saying your fee is tax deductible?
That's correct Terry. The management fee is deductible.
Steve,
Had a phone interview with Michael who is part of their team,they are basically selling house & land packages in new estate areas they have researched to be good long term investment areas.
In saying that they are upfront with the fee they charge for their services in sourcing the property for you at about a 10k fee.
Just make sure the agreed H&L package you purchase off them is at market rate and no more.
Also ask them where they have invested in previously and what growth they have had over an extended period would be my advice..
Coota
Just post it up and that would confirm whether deductible or not. Then everyone gets to see it. Somersoft is great for that.
Have you also checked what the affiliation is with the spec builder/BA? is it one builder they use? are all costs associated with BA/spec builder transparent??
Not saying this is the case with this group, however, this is a question I asked a BA who was promoting land and house packages for growth etc. turns out BA was also receiving a fee from the builder, this I would most definitely have issues with, CONFLICT OF INTEREST???
Devank,
What area?.. I am guessing Griffen for 440-450k