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THE Accountant for Property Investors: HOW to scale your property portfolio with Nick Fowell
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How do you build your property investment team? In this episode, Nick Fowell, an accountant passionate about property and tax, reveals the secrets to assembling a top-notch property investment team. He emphasises the crucial benefits of having buyers' agents, accountants, and mortgage brokers working together seamlessly.
Nick shares his personal journey in property investment, packed with essential tips on staying consistent and organised. He also highlights how to avoid common pitfalls that can trip up even seasoned investors. Nick delves into the best structures for property investment, offering invaluable insights that can transform your investment strategy.
Whether you're a newcomer or a seasoned pro in property investment, Nick's advice will help you elevate your game. Learn how the right team can make all the difference in achieving your property investment goals. Don’t miss this chance to gain expert knowledge and take your property investment strategy to the next level!
Timestamps
0:00 - Intro
3:37 - Analysing the Habits of Successful Investors
8:30 - Advice on Record Keeping on Land Tax
11:24 - Asset Protection: Utilising a Trust and 99-to-1s
16:58 - ATO Gotcha’s and Red Flags on Taxes, Admin and Paperwork
26:02 - Understanding the PAYG Variation
31:35 - Buyer’s Agent’s Fee are NOT Tax Deductible
33:51 - Planning Your Strategy Before EOFY
35:50 - How Should Self-Employed People Operate for Growth?
About Nick:
Nick Fowell is a partner at Carnegie Financial Services, focusing on Accounting and Advisory. He has aided in the success of numerous businesses by enhancing their financial strategies through effective tax planning and investment structuring, employing modern and innovative approaches.
His expertise spans from consulting small business owners in optimising cash flow to guiding investors in strategic property acquisitions. Nick's commitment to client success can be seen in his dedication to education in the financial sector, as well as personalised approach to each client case.
Connect with Nick:
Follow Nick on LinkedIn:
https://www.linkedin.com/in/nicholas-fowell-138708184/
Visit Carnegie Financial’s website:
https://www.carnegie.com.au/
About Aaron:
Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.
With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.
Connect with Aaron:
Visit the website: https://atelierwealth.com.au/
Follow the Australian Investment Property Podcast’s Official Instagram account: https://www.instagram.com/aupropertyinvestmentpodcast/
Follow Aaron on Facebook:
https://www.facebook.com/aaronchristiedavid
Follow Aaron on LinkedIn:
https://www.linkedin.com/in/aaronchristiedavid/
Subscribe to Atelier Wealth’s YouTube Channel:
https://www.youtube.com/@atelierwealth_au
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