Originally posted by Marc1:
Tell me (if you want), what would your 3 wishes to the magic lamp Genie be?

No idea – I keep getting what I wish for….

Cheers,

Aceyducey

Originally posted by HHH:
Good work Acey!

Not my work – it involved networking with moderators of two forums & the support of couple of other investors – I just provide the loud mouth

Cheers,

Aceyducey

Luke,

I’m an investor & I recommend Rolf Latham (www.asapfinancial.com.au).

Hi is an extremely experienced brokers who work for a large number of property investors already.

Cheers,

Aceyducey

Buy it personally & rent it to the club….

Then rent it to other clubs as well as a club-friendly venue.

If you do the figures you may find it becomes a nice cash cow…and if it wouldn’t – you’re better off renting!

Cheers,

Aceyducey

Bid,

Firstly, Trusts are not purely for tax advantages – there are many risk minimisation rationales for their use as well.

Secondly there are other varieties of Trusts beyond discretionary. You need to look beyond that type.

Finally, think about it this way – you’re not going to stop accumulating assets are you?

Will a Trust be more valuable…[Read more]

Originally posted by aussierogue:
acey i read your thread and your last comments on that thread. have you ever thought of investing in productive assets rather than just property??

Aussierogue,

I do & was doing so long before I was involved with property.

Have run companies with up to 50 employees/contractors.

But I also consider providing…[Read more]

Motivstorm,

The appointer only appoints the first Trustee – who then controls what happens in the Trust. So it’s not that important. We tend to not be the appointer in our vehicles.

As for the ability to change Trustees & no claim be made on the new Trustee & trust, well that’s actually not quite true – there are some good threads on Somersoft…[Read more]

Zimonya,

Firstly – what information do you want to get?

You may find that there are other avenues to explore as well.

Can’t comment on Wealth Guardian – i don’t know what it contains.

However the other two products are certainly very good – whether they are appropriate for your needs I can’t comment.

Cheers,

Aceyducey

Once you have had an offer accepted – whether it be an exchange of contracts or some other mechanism whereby your sale has gone unconditional, you now have a legal interest in that property.

Protect yourself (minimise another risk) by taking out the insurance. A cover note is all you need.

Cheers,

Aceyducey

Marc1,

I’m not religious, however in my view attempting to take credit for what your god does – even in jest – is in VERY POOR taste.

I suggest you spend more time meditating on your relationship with your god and less time pushing unwanted religious commentary onto people who don’t care about your beliefs.

And MY god says so too!…[Read more]

I have no desire for money whatsoever.

I don’t have a lot of desire for most of the things money buy either – flash cars, waterfront mansions, $10,000 dinners, $10,000 watches, etc.

However I do enjoy the game, the capacity to choose (it’s nice to be in the position to choose to NOT buy a flash car) & the ability to give back.

There’s been a…[Read more]

I think there are many people who have no idea what they’d do with $30M

Hopefully people in this forum are thinking about it & planning for when they have it.

Cheers,

Aceyducey

Trust Magic

Cheers,

Aceyducey

I hadn’t realised that PI had been renamed….

Ahh – SPAM.

Cheers,

Aceyducey

Originally posted by Nat R:
acey: it doesn’t matter if you put 0% deposit in or 20% deposit in and the value goes down you still have less equity in that house to borrow off…so why put any deposit in?

Have I missed something?

Yes

Cheers,

Aceyducey

I’d say that the best person to ask is the relevant government department.

Cheers,

Aceyducey

fjficm,

There’s a similar thread active on this forum right now, so you’re not alone with this dilemma.

You’ll be paying Stamp Duty costs at minimum to transfer to a Trust, plus likely loan fees plus more.

Frankly I reckon you’re best off holding these properties in your own name and simply buying future properties through a trust…[Read more]

Originally posted by cre8iveQ:
These guys are well worth a look. I bought a property off them in New Zealand which is now tennanted at 11% Gross. They are straight up about the risks and the downsides, and have definatly done thier homework.

http://www.positivelygeared.com.au Well worth a look.

Be creative… you can buy knowledge.

Turns out that…[Read more]

Originally posted by Terryw:
Good idea, but you would have to transfer at market value, or at least pay tax on the market value.

Market Value = the price agreed on by a willing seller & a willing buyer

You don’t pay tax on a price you don’t pay.

I suggest daaussie that you check it out with your accountant (as I hope you would have…[Read more]

Yawn