Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Over 60% have responded they wouldnt pay a cent. Similar demand to condoms in a catholic church.
They also pay spruikers 5k to 10k for advice that the average person couldnt implement yet complain about a few hundred for structuring and tax advice. A weird world redwing.
I have three clients where I have seen property options work. All of them are significant developers. They basically have a guy out touring suburbs of interest and spend months and months trying to find a deal and months and months sealing the deal. You need to be looking for large blocks you are willing to landbank for as long as it needs for zoning rules to change. Then have a substantial deposit and ongoing fee to make it worthwhile for the landholder. Also a history of doing significant developments. One of my prior clients at a previous firm developed almost half of the entire upper coomera area. Options deal. But for the average joe forget it. Never seen one deal.
Thanks for the constructive reply Cosmictrevor. I haven't had anyone ask for a property plan yet. It doesn't seem to be something in demand.
If I could get a service that covers 2), 3) and 7) without trying to flog some product
You can get an accountant to do all that. No need for lawyers and financial advisers. Unless you're looking for someone to help you watch over everything, then there are advisers that offer that service, but they are expensive. Essentially they do all the heavy lifting on your behalf.
Starting to sound like a broken record, but Paul Gerrard is an accountant who specialises in SMSF and he's great. His email is [email protected].
My situation is sort of what you've eluded to (someone to watch over everything) but not in an operational sense (meaning not doing all the leg work). I've found that when I ask a question about my SMSF my accountant can only say; you need specific legal advice - for example; "Can my SMSF borrow money from a related party, if so, what is the most tax effective way to structure it in both the SMSF and personally?"
Not sure why your accountant told you to speak to a solicitor?
Probably because this is legal advice?
1. The tax implications of related party loans to SMSF is something an accountant should be able to address with their client.
2. I've had accountants review trust deeds for me in the past, as well as for clients. I don't see why it *has* to go to a solicitor.
1. The tax implications of related party loans to SMSF is something an accountant should be able to address with their client.
2. I've had accountants review trust deeds for me in the past, as well as for clients. I don't see why it *has* to go to a solicitor.