In the media…. Again…
This week we thought you’d give you a glimpse into Todd’s latest media appearance in the Smart Property Investment magazine.
Client
Age: 38
Job: Ground operations for Qantas
Current income: High-income earner
Dependents: Nil
Assets: Owns his home
Having bought and sold numerous homes and boats to fund his lifestyle, Cameron had decided it was time to start planning ahead.
“I’ve had negative gearing and you get to the point where you don’t want that anymore. I live on the water in an apartment and I am content that I have my own home, but I really want a house on the water,” he explains.
This promoted Cameron to come and visit “The Expert” Todd Hunter and the team at the wHeregroup. A friend of Cameron’s had referred him, who had a much lower income and Cameron realised if he followed a similar path, he could do really well for himself.
Unfortunately, he wasn’t a “walk in and invest client”, Mr Hunter explains. Despite his large asset base and high income, “his finances were all over the shop, along with wrong loans and bad advice from past so-called ‘professionals’.”
“So in October 2010, Cameron walked in and gave us all of his paperwork – and boy was it a mess,” he recalls. A 30kg box full to the brim with paperwork and a week of a staff members life was what it took to get it all sorted and the ball rolling.
“We worked on tidying up his portfolio and getting him in a position where he could understand what was going on. We refinanced his portfolio, which was set up as low doc lines of credit for no reason – he was a PAYG and was paying interest rates way too high.” Todd explained.
Unfortunately, due to an unforeseen situation, a number of past tax returns had not been successfully submitted and he suddenly found himself liable to the tax office for $200,000. This is wHeregroup stepped in and turned it around for Cameron…
To find out how, grab this months issue of Smart Property Investment and read the full Road Map with the wHeregroup.
