Offset Accounts: Hear From An Accountant Why This Is Mandatory As An Investor with Andy Teece

How would you like to avoid using cash to pay for your investment property? In today’s episode, accountant extraordinaire Andy Teece answers the common questions of property buyers about the different borrowing facilities and their implications. Andy can explain difficult accounting topics in a way that is easy to understand. This can be a complex conversation especially to new investors, but I assure you, listening to this can help you have less bad outcomes. At the end of this conversation, my simple advice to you would be: go to an expert.In this episode:Andy tells us how he got interested in propertiesThe difference between Offset Facility and Redraw FacilityWhy the purpose of the borrowing impacts the type of facility to availThe rules involving capital gains tax when you decide to move out of your principal residenceThe mistake people make before entering into a transactionCan we claim buyer’s agent’s fees?What you need to know about Land Tax as an investorThe drawback when structuring through Discretionary TrustWhen do other vehicles or buying structures become relevantThe issues buyers encounter when they buy interstateThe frustrations investors have stemming from borrowing capacity or equityWhy investors need to go through tax planning and strategy sessions before purchasing propertiesThe unintended consequence of buying a property to minimize taxWhy it’s beneficial to establish a long-term relationship with accounting expertsTips for new players in building their portfolioIs your home a risky investment?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/aaronchristiedavidFollow Aaron on LinkedIn:  https://www.linkedin.com/in/aaronchristiedavid/Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/@atelierwealth_au