Originally posted by Nat R:
[brOK lets say you borrow 100% of $100,000 and a month later the property market has fallen by 5% so your house is worth $95,000.

SO WHAT…its not like you are forced to sell at this point or your chickens will stop laying.

Think about a car lease you borrow $30,000 for a $30,000 car and the next day the car is worth…[Read more]

Quote:
Originally posted by Terryw:
but you will also have to pay CGT as it is considered a sale.

Quote:

This is true if you sell AT A PROFIT – the other approach is to sell to the trust at the price you bought it at & avoid the CGT entirely.

Then refinance the property once in the Trust.

Just be cautious about setting your own comps

Cheers…[Read more]

No change in rates.

Tha’s fact not opinion BTW

See: http://www.rba.gov.au/

No commentary this month til the 7th (from the RBA).

I like how the media are still pushing the ‘rate rise must be coming soon’ line. Remember it’s not so much about what is real as about creating controversy!

Cheers,

Aceyducey

Originally posted by Pisces:
Beggars cannot be choosers.

If one wants to make money fast (well, as fast as possible) then one cannot avoid having to put up with the inconvenience of living in a house which is in a constant state of upheaval because of the renovations required.

Our approach always has been for one partner to live & work full time…[Read more]

Originally posted by wayneL:
I believe there are some interesting tax implications as well….as you are not selling an asset. Any accountants to expand on this?

Not an accountant, but have looked at it in depth.

If you’re living off equity you don’t pay tax. Simple as that. Equity is NOT taxed unless you convert it to cash by selling assets.…[Read more]

Look beyond Victoria

Cheers,

Aceyducey

Kay’s correct on buying well – remember you can pick the purchase price, you can’t pick the sales price.

You could add value to the IP – depending on the IP this may or may not be an option, but some of the approaches include improvements (renos) and repurposing (4 bedroom house to student accomodation, townhouse into an office).

You could also…[Read more]

Angel funding some companies, arranging some direct investments into cashflow producing assets, looking into several education initiatives.

Still forming some ideas in other areas.

Cheers,

Aceyducey

And how much is the average Stamp Duty on a house in Vic again?

Cheers,

Aceyducey

Originally posted by RussH:
Huge capital gains.But how does that put money in your pocket each week when you retire.You have to sell a property to get the gain.Then you pay a shitload of tax.Then you have to invest that money somewhere to give you instant access so you have a weekly wage.
I still think the idea sucks.
Russ.

Refinance. Buy an…[Read more]

There’s a simple solution.

In the Active Posts window use the dropdown to select a time period around when you previously logged in & you’ll see all the posts you missed.

Cheers,

Aceyducey

Marc1,

Have you researched this concept thoroughly?

I have & am satisfied that it works in certain circumstances. I also are aware of at least ten people/couples who have employed this approach via Steve Navra over the past ten years & are doing extremely well. He’s also worked with a lot of people I don’t personally know

I seriously suggest…[Read more]

Go Mini!

It’s great to see people succeeding

Cheers,

Aceyducey

Originally posted by Fern:
If you are paying tax, smile – You made a profit – If you are paying heaps of tax, smile harder, you made a BIG profit[thumbsupanim]

I agree Fern!

And besides, I like using roads & hospitals, sending my children to school & having law and order

Cheers,

Aceyducey

You gotta love that emotive journo language ‘verge of collapse’….

And of course they talk to Australian Property Monitors because they’re the only ones who are predicting this

Balance in journalism only refers to bank balances!

Cheers,

Aceyducey

hsmedia,

Try Caveat Emptor over on Somersoft (http://www.somersoft.com/forums/forumdisplay.php?f=12) – it’s designed for people who are selling property.

There’s no similar forum here ATM.

Cheers,

Aceyducey

alias,

You’re much better off looking at one of the UK property forums.

There are several good one including Housemouse (http://www.housemouseuk.com).

Get some info on them straight from the mouse’s mouth!

Cheers,

Aceyducey

Look at it this way.

Why bother insuring your investment properties against fire/flood/etc…after all a very small minority of houses actually get damaged each year…yours probably never have.

So why buy insurance?

The term is risk mitigation….you take certain actions to reduce the risk of certain events.

Sure your accountant may feel that…[Read more]

1HotValuer,

Do you have the legal right to sell this information?

Cheers,

Aceyducey

Originally posted by kay henry:
Not sure what you mean about using your home to make money. Are you saying that you might make your home an IP and then rent instead of living in your PPOR? Are you saying to make a part of your home an office and rent that out or claim it as a tax deduction?

hmmm – we do both of these.

Cheers,

Aceyducey