192 - Why A Property Specific Accountant Is Essential To Renovating with Brian Goodridge

10/01/2023 23 min
192 - Why A Property Specific Accountant Is Essential To Renovating with Brian Goodridge

Listen "192 - Why A Property Specific Accountant Is Essential To Renovating with Brian Goodridge"

Episode Synopsis

“if I set up a structure today for someone and then they go and change their mind cuz they're a bit wishy-washy on the strategy and they do something different once that property's sold or if they keep it or whatever they end up doing, we can end up with an adverse tax outcome, which is not ideal.”
-Brian Goodridge


EPISODE HIGHLIGHTS:

00:00 Intro
00:24 Brian Goodridge of Goodridge Advisory
04:15 Why you need an accountant to help you buy a property
07:01 The first protocol for joint ventures and self-managed super funds
08:33 What are mistakes that renovators can avoid, by getting the right advice from an accountant?
10:26 Joint ventures and partnership agreements
12:57 Joint ventures is like getting married
14:04 The importance of the basics
18:01 Don’t buy a property you haven’t seen yet
22:10 The more work you put into it, the more likely you are to be successful






Resources
The School Of Renovating
https://www.theschoolofrenovating.com/
Brian Goodridge
https://goodridgeadvisory.com.au/


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