She Renovates

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

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“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/



    Connect with The School of Renovating


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    She RenovatesBy Bernadette Janson
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